Saturday, January 1, 2011

The three agencies report the world economy as a whole to better trade protection risk still

Organisation for economic co-operation and development (OECD), the United Nations Conference on trade and development (UNCTAD), World Trade Organization (WTO) 14, joint publication of the report shows that the past six years, although the economy has recovered, but in many countries, unemployment remains grim, trade protectionism risk persists, the food and raw material export restrictions seems to have gradually increased.

This report will be submitted to g-20 Summit in Toronto, the report pointed out that in the past six months, the world economy as a whole to improve, but the recovery process remains hidden risks in many parts of the world's economic rebound intensity more limited. 2010 global GDP is expected to grow 4.2%, primarily from emerging economies strong performance; the total merchandise trade is expected to grow 9.5%; foreign direct investment (2009 dropped by 40%) is only barely sustain growth; in the developed economies, the unemployment rate is expected to be higher than the present level of close to 9% will only have a minor decline.

WTO report on trade of noted that in the global financial crisis, most Governments are reluctant to use trade barriers, but some individual countries have taken measures on trade restrictions. Mainly for the food and raw material export restrictions also seems to have gradually increased. Some countries in the financial crisis broke out after the emergency measures have accumulated risk, international trade and the free movement of capital constitute threats, how to control the negative effects of a huge challenge. The most common trade protection measures including new investigation initiated by the trade relief, import tariffs, import prohibitions and restrictions on import licensing and other measures increase. New trade restriction measures targeted at the basic metal products (mainly in the iron and steel products), some are for machinery, agricultural products and transport equipment. Export restrictions, particularly food and commodities export restrictions appears to have increased. The most common measures including improved or new export taxes, additional export ban and export quotas, etc. Export restrictions appears to be a global phenomenon, but there is also some countries take measures to eliminate these restrictions.

The report stressed that trade and investment on the consolidation of economic recovery, employment and poverty alleviation have an important role in sovereign debt crises upgrade of new circumstances, the trade and investment will become a source of support for sustainable development.

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