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Enabling Trade: Valuing Growth Opportunities

The World Economic Forum has published a report entitled Enabling Trade: Valuing Growth Opportunities.

This report examines supply chain barriers to international trade and concludes that they are far more significant impediments to trade than tariffs.

Findings from this report include:

  • Reducing supply chain barriers to trade could increase GDP by nearly 5% and trade by 15%
  • Reducing barriers benefits households by lowering prices and improving employment prospects
  • The effects of reducing barriers are not gradual; changes occur when tipping points are reached
  • A barrier’s consequences vary by industry
  • Barriers are harder to overcome for smaller businesses
  • Clear regulations and better coordination among agencies are needed
  • Main country lesson: Governments need to remove the sets of barriers relevant to their industries
  • Some companies have a vested interest in preserving barriers
  • Main company lesson: Companies may not recognize costs where they should

Recommendations are also included in the report. This report, as well as an executive summary, is available here: 
http://www.weforum.org/reports/enabling-trade-valuing-growth-opportunities

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel
Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.