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Introduction
Aid for Trade seeks to enable developing countries and in particular least-developed countries (LDCs) to use trade as a means of fostering economic growth sustainable development and poverty reduction. It promotes the integration of developing countries especially LDCs into the multilateral trading system and aims to galvanize support to build supply-side capacity and trade-related infrastructure in these countries to improve trade performance.
Foreword
The successful conclusion to the WTO’s 12th Ministerial Conference (MC12) is an important step towards a stronger and more effective multilateral trading system. MC12 shows that the WTO delivers results for the benefit of people around the world. MC12 has also highlighted the important role of the WTO in addressing the problems of the global commons in areas such as the environment and food security and in acting in the interests of members across different levels of economic development.
Conclusion
The results of the 2022 OECD–WTO monitoring and evaluation (M&E) exercise underline the need for more Aid for Trade and for better-targeted financing. They confirm that the COVID-19 pandemic was a significant setback for the integration into world trade of many developing countries and for their development prospects especially for least-developed countries (LDCs).
Executive summary
Trade objectives feature prominently in the development strategies of developing countries. Despite the COVID-19 pandemic trade remains a development priority. This is the strong message that emerges from the 2022 Aid for Trade monitoring and evaluation (M&E) exercise conducted jointly with the Organisation for Economic Co-operation and Development (OECD).
Conclusiones
Los resultados del ejercicio conjunto de vigilancia y evaluación de la OCDE y la OMC de 2022 ponen de manifiesto la necesidad de más Ayuda para el Comercio y de una financiación mejor orientada. Confirman que la pandemia de COVID-19 fue un importante retroceso para la integración de muchos países en desarrollo en el comercio mundial y para sus perspectivas de desarrollo especialmente en el caso de los países menos adelantados (PMA).
Report by the WTO Secretariat
During the review period 2015-21 New Zealand continued to strengthen its position as one of the most open economies in the world and updated some elements of its trade and investment regime. New Zealand considers trade as critical for its prosperity and seeks to ensure that trade is inclusive.
Report by the WTO Secretariat
The Republic of Moldova is a small open landlocked upper-middle-income country. The services sector dominates the economy accounting for 64% of GDP while agriculture continues to play an important role as well (accounting for 12% of GDP and around 21% of employment) particularly in rural areas. Remittances represented nearly 15% of GDP in 2021 and the population has continued to decline as relatively young workers emigrate. The Republic of Moldova is dependent on imports of fossil fuels (including gas which is also used to generate electricity) while state-owned enterprises continue to play an important role in the economy particularly in terms of employment.
What we stand for
Simple fundamental principles form the foundations of the multilateral trading system. These principles have lain at the core of all WTO activities since its creation in 1995.
Who we are
The WTO is run by its member governments. All major decisions are made by the membership as a whole either by ministers (who meet at least once every two years) or by their ambassadors or delegates (who meet regularly at the WTO’s headquarters in Geneva). Decisions are normally taken by consensus. The WTO Secretariat coordinates the activities of the WTO.
Introduction
The overall objective of the WTO is to help its members use trade as a means to raise living standards create jobs and improve people’s lives. The WTO operates the global system of trade rules and helps developing economies build their trade capacity. It also provides a forum for its members to negotiate trade agreements and to resolve the trade problems they face with each other.
Report by the WTO Secretariat
Barbados is a relatively small and open economy with a GDP per capita of some USD 14619 in 2020. Barbados is highly dependent on imports of goods and on exports of services particularly tourism and was thus strongly affected by the COVID-19 pandemic. In 2020 real GDP declined by 14% and grew by 0.7% in 2021. This came after a period of already weak economic performance: real GDP declined in four of the years of the review period. Limited economic diversification strong reliance on imported consumer and investment goods and persistent fiscal deficits left Barbados vulnerable to exogenous shocks even before the outbreak of COVID-19.
What we do
The WTO operates the global system of trade rules guaranteeing WTO member governments important trade rights.
Ce que nous faisons
L’OMC administre le système mondial de règles commerciales garantissant aux gouvernements Membres d’importants droits commerciaux.