Trade monitoring
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Report by the Republic of Korea
Korea’s prompt recovery from the global financial crisis of 2008 presents a forceful example which illustrates the important role and benefits of the multilateral trading system. Although tumultuous financial markets around the world impeded global production and employment, the Korean economy’s deep integration into the multilateral trading system, coupled with the Korean government’s prompt economic policies for a more open and competitive business environment proved to be crucial factors in moving the Korean economy forward. Korea has continued to promote liberal trade and investment policies as well as domestic regulatory reform measures. As a result, despite ongoing uncertainties and volatility in the global economic environment, Korea is projected to sustain moderate growth in 2012.
Los 20 años de la OMC
La OMC nació el 1º de enero de 1995 y sucedió al Acuerdo General sobre Aranceles Aduaneros y Comercio (GATT), que había regulado el comercio mundial desde 1948. En los últimos 20 años, la OMC ha contribuido de manera notable al fortalecimiento y la estabilidad de la economía mundial, ayudando a impulsar el crecimiento del comercio, resolver numerosas diferencias comerciales y respaldar la integración de los países en desarrollo en el sistema de comercio.
Trade policy commitments and contingency measure
Trade agreements define rules for the conduct of trade policy. These rules must strike a balance between commitments and flexibility. Too much flexibility may undermine the value of commitments, but too little f lexibility may render the rules politically unsustainable. This tension between credible commitments and flexibility is often close to the surface during trade negotiations. For example, the question of a “special safeguard mechanism” (the extent to which developing countries would be allowed to protect farmers from import surges) was crucial in the discussion of the July 2008 mini-ministerial meeting, which sought to agree negotiating modalities – or a final blueprint – for agriculture and non-agricultural market access (NAMA).
Tendances récentes du commerce international
Trade policy reviews
During 2010 the Trade Policy Review Body (TPR B) reviewed 19 WTO members: Malaysia, El Salvador, Croatia, Armenia, Albania, the People’s Republic of China, Malawi, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), The Gambia, Honduras, the United States, Benin, Burkina Faso, Mali, Sri Lanka, Belize, Papua New Guinea, the Democratic Republic of Congo and Hong Kong, China. The Chair’s concluding remarks for these reviews are reproduced below.
Trade obstacles to SME participation in trade
Section D investigates the major trade-related impediments to SMEs’ participation in trade. A key finding in this section is that all types of trade costs, whether they are fixed or variable, adversely affect the ability of SMEs to participate in trade, to a greater extent than large enterprises. Since SMEs are more sensitive to trade barriers than large firms, removing obstacles to trade benefits SMEs disproportionately. It is therefore important to understand what these major obstacles are.
World trade and GDP growth in 2016 and early 2017
Growth in the volume of world merchandise trade slowed to 1.3 per cent in 2016, down from 2.6 per cent in 2015, as continuing weakness in the global economy and low commodity prices had a negative impact on global import demand.