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- Volume 2018, Issue 4, 2018
International Trade Forum - Volume 2018, Issue 4, 2018
Volume 2018, Issue 4, 2018
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Turning headwinds for trade into tailwinds
Автор: Arancha GonzálezThere is no doubt that 2018 has been a tumultuous year for global trade. It has been marked by trade tensions among the economies responsible for the majority of global exports and imports: China, the European Union and the United States. And by threats to weaken or even dismantle the World Trade Organization, the multilateral trade body.
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Making it in the Gambia
Автор: EKATERINA BAGLAEVAYoung people in the Gambia are choosing to ‘make it’ at home rather than go abroad. Youth in the Gambia – which make almost 64% of the country’s population – have big dreams and are willing to work for them.
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Ensuring sustainable and inclusive growth in Africa through trade
Автор: ALBERT M. MUCHANGAThe signing of the African Continental Free Trade Agreement (AfCFTA) in March 2018 was an expression of Africa’s belief in trade as an engine of growth, job creation and poverty reduction. It was also a bold effort to define a trading relationship among African countries in as inclusive and as sustainable a manner as possible.
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Addressing NTMs to facilitate trade through coordinated policy interventions
Авторы): QASIM CHAUDRY and Rajesh AggarwalNotwithstanding the recent escalation in tariffs for protectionist purposes, there has been an exponential rise in the use of non-tariff measures (NTMs) globally. This has coincided with consumers, especially in the developed world, becoming more conscious of the quality of what they consume and buy. As a result, governments are resorting to using NTMs for their national development goals. According to the Global Trade Alert (GTA), only 15% of the harmful policy instruments since the 2008 global financial crisis were due to policy measures while the rest were related to NTMss.
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Winners and losers in Africa’s Continental Free Trade area
Автор: RILWAN AKEYEWALELeaders of 44 African countries endorsed the African Continental Free Trade Agreement (AfCFTA) in March this year. Since then more countries, including South Africa, have joined in.
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Tear down this wall: Non-tariff measures and regional integration
Автор: PAMELA COKE HAMILTONThere has been no more opportune political moment to advance regional integration than the one presented by the current crisis in the multilateral trading system. Rising trade tensions, the backlash against trade in some corners of the developed world and the continuous attack on the multilateral trading system magnify a long-overdue need: establishing better regional integration, especially in the south.
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Latin America: Crisis of regionalism vs advancement of economic integration
Автор: DETLEF NOLTEMany regional organizations in Latin America are currently in crisis or confronted with the risk of dissolution. This is the case for the Union of South American States (UNASUR), where half of its members suspended their participation and stopped their financial contributions. The Government of Colombia even announced that it will exit the organization. However, crises may also create opportunities.
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The ASEAN experience in using trade deals to slash trade costs
Авторы): SOFIA BALIÑO and EMILY BLOOMSoutheast Asia has become an increasingly dynamic region in terms of international trade activity. This is true particularly as a coalition of 10 countries looks to become more integrated with each other, as well as with a wide community of partners in the region and farther afield. Notably, the Association of Southeast Asian Nations (ASEAN) has pursued a multipronged approach to slash trade costs and border lag times both within their grouping and with other countries. This includes efforts to establish and strengthen an economic community; forge regional trade agreements with other countries; and implement global trade rules.
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Brexit: Trading uncertainties for third countries
Авторы): SAN BILAL and SEAN WOOLFREYThe simple answer to how the United Kingdom of Great Britain and Northern Ireland’s proposed withdrawal from the European Union (EU) will affect trade is increasing uncertainty. As we know, markets do not like uncertainty, nor do policymakers. All European Union (EU) trade partners are on the alert. However, specific consideration is needed for developing countries. Brexit could significantly impact their economic development through its impact on their trade relations.
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Regional trade agreements: Challenges and opportunities
Автор: Rohini AcharyaIn sharp contrast to only 25 regional trade agreements (RTAs) notified to the General Agreement on Tariffs and Trade (GATT) and still in force*, today there are 290 RTAs notified and in force around the world. RTAs have also become more ambitious over time, frequently including not just tariff liberalization between the parties but also other issues. Today over half of all RTAs notified contain commitments to liberalize trade in goods, services and investment. Moreover, World Trade Organization (WTO) members remain actively involved in negotiating new RTAs, suggesting the rapid growth of such agreements since the early 1990s is set to continue.
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Agriculture trade: Regional solutions for global challenges
Автор: AHMAD MUKHTARWhile counting steps to achieve my daily walking goal in the corridors of trade-related organizations in Geneva, I have come across hundreds of negotiators, policymakers, experts and stakeholders on agriculture trade. In my encounters with this myriad of colleagues from across the world, I have come to conclude that we often share common challenges. Three challenges in particular stand out: how to achieve food security, how to move up in agriculture value chains, and how to get access to the global agriculture marketplace.
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Regional integration through joint trade facilitation reforms
Автор: VICTORIA TUOMISTORegional implementation of trade facilitation reforms can bring more significant benefits to regional economic communities (REC) and their member states rather than uncoordinated measures applied by each country autonomously. Regional approaches can ensure that traders in the same region are not burdened by differing customs formalities and cross-border requirements that hinder cross-border trade in the region. Importantly, uniform formalities and procedures conceived and coordinated at the regional level can remove bottlenecks, increase the participation of small and medium-sized enterprises (SMEs) and enhance the competitiveness of regional value chains, thus deepening regional integration.
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The Ghanaian championing science for change in Africa
Автор: Susanna PakBrownish and black, with gold letters on the bindings.
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Building trust, recognizing excellence in trade promotion
Автор: Susanna PakIn a rapidly changing and increasingly digital world, building trust remains the constant.
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Expanding tourism in Myanmar’s Kayah State and Tanintharyi region
Автор: Jarle HetlandEarlier this year, the International Trade Centre (ITC) announced that it would be extending and expanding its support to Myanmar’s tourism sector as part of the fourth phase of the Dutchfunded Netherlands Trust Fund (NTF IV) programme. The four-year programme will be implemented in partnership with Myanmar’s Ministry of Commerce (MoC) and the Ministry of Hotels and Tourism (MoHT).
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