Presentation on theme: "REGIONAL CONSULTATION Financing for Development Panel 3: Creating Conducive International Frameworks for Resource Mobilization Hans-Peter Werner Development."— Presentation transcript:
REGIONAL CONSULTATION Financing for Development Panel 3: Creating Conducive International Frameworks for Resource Mobilization Hans-Peter Werner Development Division World Trade Organization
What can WTO Contribute? Reducing the Cost of Trade for Inclusive Sustainable Development 1) Multilateral trade liberalization / reform 2) Trade Facilitation 3) Aid for Trade – 5 th Global Review
Finance, technology, capacity building and trade In Goal 17 of the SDGs - Enablers to "strengthen the means of implementation and revitalize the global partnership for sustainable development".
TRADE: Universal, rules-based, open, non- discriminatory and equitable multilateral trading system as well as a meaningful trade liberalization can serve as an engine of economic growth and promote sustainable development, not least by encouraging long term private and public investment in productive capacities. With appropriate supporting policies, trade can also promote decent work and contribute to combating inequality (para 70 FfD zero draft 13 March)
Post Bali Work Programme Agriculture, NAMA, Services MC 10 Nairobi – Conclusion of the DDA ? Lowering trade costs – increasing volume and value – revenue for governments, savings for consumers
Freedom of transit for goods, fees and formalities connected with importing and exporting, and the publication and administration of trade regulations.
Complex processes and documentation raise costs and cause delays – businesses economies and consumers bear the costs, especially in LLDCs and SIDS OECD Reducing global trade costs by 1% would increase worldwide income by more than $40 billion, 65% of which would accrue to developing countries (May 2013).
Trade Facilitation Simplification Harmonization Non-discrimination Enhanced coordination & cooperation Enhancement of transparency and predictability Reduction of requirements Streamlining of procedures
Trade Facilitation (Facility) Ratifications and Categories “A” and “C”
…LDCs are catching up… Source: OECD-DAC, Credit Reporting System (CRS)
…with terms of assistance softening… Source: OECD-DAC, Credit Reporting System (CRS)
…slight decrease in share of AfT in overall ODA… Source: OECD-DAC, Credit Reporting System (CRS)
Aid-for-Trade Top 10 recipients (Source: OECD-DAC, Credit Reporting System (CRS))
Aid-for-Trade Top 10 donors (Source: OECD-DAC, Credit Reporting System (CRS))
AFT and other development finance flows Most important sources of finance to connect firms to value chains according to partner countries Source: OECD/WTO Aid-For-Trade Questionnaire 2013
Conclusion Post Bali Work Programme, DDA Trade Facilitation / Aid for Trade Key issues and trends: Closer cooperation between the private and public sector Aid for trade and its relation to other development finance flows Growing importance of South-South relationships Post 2015 Development Agenda – reducing the cost of trade for inclusive Sustainable Development