Trade monitoring
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Executive summary
The 2022 Aid for Trade Monitoring and Evaluation (M&E) exercise takes place amidst crises of unprecedented magnitude, significantly affecting trade and investment. The COVID-19 pandemic has caused severe human and economic losses, slowing down and in some cases reversing hard won progress towards the Sustainable Development Goals (SDGs). Countries lacking the capacity to implement large monetary and fiscal stimuli were hit hard, experiencing widening inequalities. While 2021 showed signs of a swift recovery, in early 2022 Russia’s war against Ukraine created a major humanitarian crisis and derailed economic growth prospects. Spikes in the price of energy and food caused by the war, combined with rapidly rising inflation, are posing serious food security risks in low-income countries (LICs).
Statistical note
According to the WTO Task Force on Aid for Trade, projects and programmes are part of aid for trade if these activities have been identified as trade related development priorities in the partner country’s national development strategies.
Explanatory note
The aid-for-trade country profiles provide factual information aid-for-trade financing flows, trade costs, trade performance and key development indicators at the country level. The aim is to compare a performance in these four categories for the year 2020 as compared to 2006, the year of the inception of the aid-for-trade initiative, and against country group benchmarks for these selected indicators. The aim of the country profiles is to stimulate debate on aid-for-trade effectiveness.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Report by the Republic of Korea
An unprecedented global pandemic and growing uncertainties across the globe have resulted in a global economic recession and contraction in trade. Against this backdrop, the Republic of Korea is making bold efforts to reduce inequality and secure its growth potential while pursuing the liberalization of global trade.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.