Massimiliano Di Pace1 INTERNATIONAL TRADE STATISTICS Trade is a basic condition for economic development Trade spurs specialisation, allowing countries to focus on their products, having the possibility to import goods difficult to produce (i.e. lack of raw materials, of experienced workers)

Massimiliano Di Pace2 INTERNATIONAL TRADE STATISTICS Liberal trade policies, that allow goods and services flow unrestricted, sharpen competition, motivate innovation and breed success

Massimiliano Di Pace3 INTERNATIONAL TRADE STATISTICS In fact, data show a definite statistical link between freer trade and economic growth Growth of world GDP is associated with an even higher growth in international trade Economics tells us that we can benefit when goods and services are traded

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Massimiliano Di Pace6 INTERNATIONAL TRADE STATISTICS The liberalisation of trade has been promoted by the establishing of free trade areas Having the possibility to export easily in countries members of the same free trade area, it becomes easier even to export elesewhere Nowadays there are more than a dozen of free areas

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Massimiliano Di Pace10 INTERNATIONAL TRADE STATISTICS The flows of merchandise is relevant not only among countries of the same area or of the same continent, but also between continents and free trade areas

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Massimiliano Di Pace20 INTERNATIONAL TRADE STATISTICS The ratio of exports and imports of goods and commercial services to GDP is often used to indicate the openness of an economy However, results should not be interpreted as a trade policy indicator (i.e. Usa shows a relatively low ratio despite its openness to trade, as reflected by its low tariffs) Larger economies tend to show a relatively small ratio

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Massimiliano Di Pace22 INTERNATIONAL TRADE STATISTICS Eu plays an important role in world trade

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