World_Trade_Report

<i>World Trade Report</i>

World Trade Report

Add article description

The World Trade Report (WTR) is the annual report published since 2003 by the World Trade Organization. Each WTR provides an in-depth analysis of an aspect of trends in international trade, trade policy issues and the multilateral trading system.

Quick Facts Author, Country ...

2016 Report

The 2016 World Trade Report examines the participation of Small and medium-sized enterprises (SMEs) in international trade, how the international trade landscape is changing for SMEs, and what the multilateral trading system does and can do to encourage more widespread and inclusive SME participation in global markets.

2023 Report

The 2023 report explores the role of international trade in addressing global challenges, including peace and security, poverty and inequality, and sustainable development. It emphasizes the significance of international trade, supported by a robust multilateral trading system, in establishing a secure, inclusive, and sustainable world.

Despite recent crises and trade tensions, global trade flows have demonstrated resilience. The report acknowledges the growing skepticism towards international trade, which has resulted in setbacks in regional trade integration efforts and the adoption of unilateral trade policies. WTO committees have witnessed an increase in trade concerns at the technical level, leading to trade tensions and a rise in government subsidies.

The report examines the impact of trade tensions on international trade flows. While the stagnation of the global trade-to-GDP ratio since the global financial crisis is not primarily attributed to trade tensions, factors such as the deceleration of production unbundling have played a role. However, trade tensions between China and the United States are beginning to affect trade composition.

Furthermore, the report observes a gradual shift in trade along geopolitical lines, with trade between geopolitical blocs growing at a slower rate compared to trade within blocs. Despite these developments, claims of de-globalization are deemed exaggerated, as there are indications of re-globalization and increased international cooperation.

The report highlights the resilience of international trade during the COVID-19 pandemic and the war in Ukraine. It emphasizes the importance of trade in facilitating the production and distribution of medical supplies and vaccines. The digital revolution has contributed to the growth of trade in digitally delivered services, while the value of global trade in environmental goods has risen rapidly. Global value chains have expanded to involve more economies, and trade policy has made significant progress through agreements such as the WTO Agreement on Trade Facilitation and the WTO Agreement on Fisheries Subsidies.

Overall, the World Trade Report 2023 underscores the ongoing relevance of international trade in addressing global challenges and advocates for an inclusive and sustainable approach to globalization. It explores how re-globalization, characterized by increased international cooperation, can effectively tackle the major challenges of national and economic security, poverty alleviation, and environmental sustainability. The report emphasizes the importance of global solutions through enhanced cooperation and highlights the role of a revitalized multilateral trading system overseen by the WTO.[1][2]

List of World Trade Reports

References

  1. [1]
    "World Trade Report 2023 - Re-globalization for a secure, inclusive and sustainable future". www.wto.org. Retrieved 2024-03-31.
  2. [2]
    WTO (2023). "World Trade Report 2023: Executive Summary" [PDF]. Retrieved March 31, 2024, from wto.org.
Share this article:

This article uses material from the Wikipedia article World_Trade_Report, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.