New OECD-WTO analysis highlights changing face of global trade

January 16, 2013

The following is excerpted from a 16 January 2013 press release by OECD.

Business competitiveness and export performance are increasingly tied to countries’ integration into global production chains and a willingness to open markets to wider imports, according to preliminary international trade data released today by the OECD and the WTO.

The joint OECD – WTO Trade in Value-Added Initiative breaks with conventional measurements of trade, which record gross flows of goods and services each time they cross borders. It seeks instead to analyse the value added by a country in the production of any good or service that is then exported, and offers a fuller picture of commercial relations between nations.

This release is available in its entirety at:
http://www.oecd.org/trade/newoecd-wtoanalysishighlightschangingfaceofglobaltrade.htm

Topic(s)

International Trade and Border Management

Information source

World Customs Organization (WCO) / World Trade Organization (WTO)

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.

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