Trade monitoring
Report by WTO Secretariat
Located in the Horn of Africa Djibouti is a least developed country (LDC) and has been classified by the World Bank as a lower-middle-income country. It had a gross national income per capita of USD 5610 in 2020. Its geographical location port infrastructure and political stability make it a major maritime hub and have prompted several countries to establish military bases there. Revenue from the bases and from port activities has fostered the emergence of a modern segment of the economy that coexists with a large informal sector. However the high cost of production factors and the strong presence of public companies continue to hinder the country’s economic development. Given Djibouti’s narrow production base international trade is fundamental for the country which relies almost exclusively on imports to meet its domestic demand for most goods and some services. Thanks to the infrastructure (especially ports) re-exports far outstrip exports.
Report by Djibouti
The Republic of Djibouti is a State in the Horn of Africa located on the Red Sea and bordered to the north by Eritrea to the north-west west and south by Ethiopia and to the south-east by Somalia. The territory is delimited by 370 kilometres of coastline the population is estimated to be 1 million and the country has no natural resources.
Trade Policy Review: Djibouti 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 Djibouti.
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 United States
As we undergo our fifteenth trade policy review the United States affirms that our priorities at the WTO and in the global trading system are more important than ever. We are leveraging our core values of fairness inclusivity growth and sustainability to navigate the myriad complex challenges we find ourselves in today: a pandemic response violent conflict initiated by one WTO Member against another supply chain shortages and environmental concerns.
Trade Policy Review: United States of America 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 the United States of America.
Report by the Secretariat
The United States has a large economy that is highly integrated with the rest of the world. After a period of stable economic growth in 2018 and 2019 when real GDP expanded by 2.9% and 2.3% respectively the U.S. economy suffered the effects of the COVID-19 pandemic. Real GDP contracted by 3.4% in 2020 after 11 consecutive years of expansion. The economy experienced a rapid rebound in 2021 aided by the support packages put in place by the Government and by an easing of monetary conditions. This led to a real GDP growth rate of 5.7% in 2021.
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 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.
Annual Report 2023
The WTO Annual Report 2023 provides a comprehensive account of the WTO’s activities in 2022 and the early part of 2023. At the start of the report Director-General Ngozi Okonjo-Iweala reflects on the current challenges facing world trade and the role of the WTO in helping the world address these challenges.
What we do
The WTO operates the global system of trade rules guaranteeing WTO member governments important trade rights.
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 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.
Trade Policy Review: Barbados 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 Barbados.
Trade Policy Review: Ghana 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 Ghana.
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 Barbados
Since its last Trade Policy Review in 2014 Barbados sought to continue building on its growth and development path despite the numerous challenges it would have faced since the 2008 financial crisis. Notwithstanding efforts by the Government to bring about sustained growth to the economy post 2014 the economy grew marginally during this period and beyond. This stagnant growth resulted in difficulties in expanding the economy and maintaining the level of employment in both the public and private sector.