Trade monitoring
Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Dr. Athaliah Lesiba Molokomme of Botswana, at the Trade Policy Review of Guyana, 2 and 4 March 2022.
The fourth Trade Policy Review of Guyana has provided us with a good opportunity to understand the trade and related policies of Guyana since its last review in 2015 and acknowledge the challenges it faces. The Review has benefitted from the constructive and informative participation of Guyana’s delegation headed by the Honourable Mr Deodat Indar Minister within the Ministry of Public Works from the insightful comments of the discussant H.E. Ambassador Usha Chandnee Dwarka-Canabady Permanent Representative of Mauritius to the WTO and from the 20 delegations that took the floor during this meeting.
Report by Guyana
Guyana welcomes this fourth round of its Trade Policy Review (TPR) by the World Trade Organization (WTO) Trade Policy Review Body. The Government of Guyana acknowledges the virtual consultations with WTO Secretariat staff during the preparations of the TPR and appreciates the valuable work undertaken under difficult circumstances due to the COVID’19 pandemic restrictions.
Trade Policy Review: Guyana 2022
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Guyana.
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 WTO Secretariat
Guyana is a relatively small economy traditionally based on mining of gold and bauxite and exportation of sugar and rice. Furthermore Guyana is now also an exporter of crude oil the result of successive major offshore discoveries beginning in 2015. In 2020 oil exports swung Guyana’s trade balance into surplus and thereby mitigated the otherwise significant negative effects of the COVID-19 pandemic on the domestic economy. GDP per capita has been rising steadily and reached nearly USD 6900 in 2020.
Report by the WTO Secretariat
The production and exportation of agricultural products are of particular importance for the Argentine economy. Argentina is one of the world’s leading exporters of soya beans and soyabean by-products maize and sunflowers. It is also a major producer and exporter of other cereals beef (bovine meat) and dairy products. Value chains have been created for soya beans maize meat sunflowers dairy products and other products which significantly contribute to GDP and employment and are major sources of foreign currency. Since Argentina’s previous review in early 2013 the production sectors linked to exports particularly agriculture have been the strongest performers. In general the external sector has continued to play an important role in the Argentine economy. Despite the contraction in exports and the economy in general during the review period exports have not only contributed to maintaining the balance of payments and preventing a further decline in GDP but have also been a significant source of public sector financing.
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 Argentina
This trade policy review of Argentina is taking place at a time when the world is feeling the enormous impact of COVID-19 on health-related matters which has had economic trade and social repercussions throughout much of the world. This situation has greatly affected the world’s economic and trade performance particularly that of developing countries. In the case of Argentina this impact is particularly noticeable in the final stage of the period under analysis.
Trade Policy Review: Argentina 2021
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Argentina.
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.
Trade Policy Review: Korea, Rep. of, 2021
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Korea Rep. of.
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.
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 Oman
The Government of the Sultanate of Oman continued to adopt a trade policy based on economic openness despite the world economic crisis and regional challenges this policy continues to be based on four pillars: sustainable development with a stable macroeconomic framework; diversified dynamic and globalized economy advanced human resource development and efficient and competitive private sector.