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27.02.2018 - Article

Trade

Responsable Delegate: Dr. Sven Reutzel, Tel. +33 (0)1 55 74 57 08, Contact Form

The OECD Trade Committee advocates an open and rules-based multilateral trade system. The aim is to further the international agenda and to create the foundations for future WTO agreements on the basis of data gathered and analysed by the OECD Secretariat. The Trade Committee and Secretariat have intensified their endeavours to convince the public of the benefits of open markets and to counter protectionist trends. This topic is of particular importance in view of the after-effects of the economic and financial crisis.

The OECD’s activities in the field of trade are particularly important to the German Government in the following areas:

    providing and publishing analyses and forecasts containing internationally comparable data
    developing economic policy strategies to safeguard growth and stability
    supporting the Government in cooperation aimed at strengthening the multilateral trade system
    encouraging the further development of cross-border investments and financial services
    fostering best practices at international level

As a result of the globalisation process, trade and industry issues are becoming increasingly intertwined, thus leading to a shift from topics largely focused on commodities trade to service aspects and interdisciplinary approaches. This is reflected in the activities of the Trade Committee, for example in the establishment of the Services Trade Restrictiveness Index (STRI) and the analysis of global value chains (GVC). In addition, non-tariff barriers (NTB) are being increasingly investigated and the parameters for export loans are being agreed.

In view of changing global power relations, it is important to the Trade Committee to conduct a lively exchange of information with non-Members, particularly Brazil, China, India, Indonesia and South Africa, as well as other G20 countries. The Trade Committee also seeks dialogue with civil society, with the aim of creating better understanding of the challenges, benefits and avoidable risks of further trade liberalisation. Interlocutors are invited to take part in and shape the OECD’s opinion-forming process. The OECD’s activities thus provide a type of early warning system, through which emerging conflicts in a world of trade characterised by competition can be de-escalated in good time.

More Information:

Federal Ministry for Economic Affairs and Energy

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