Aid for Trade at a Glance 2015
Reducing Trade Costs for Inclusive, Sustainable Growth
The Aid for Trade Initiative has allowed for the active engagement of a large number of organisations and agencies in helping developing countries and especially the least developed build the infrastructure and supply-side capacity they need to connect to regional and global markets and improve their trade performance. The new development paradigm under the post-2015 Development Agenda requires an integrated approach to ensure that the aid for trade achievement leads to inclusive and sustainable development outcomes. Embedding trade cost at the centre of the Aid for Trade Initiative provides an operational focal point for such action among a broad collation of stakeholders.
The 2015 joint OECD/WTO publication Aid for Trade at a Glance focusses on how reducing trade costs will help in achieving inclusive and sustainable economic growth. The publication contains contributions from the Enhanced Integrated Framework, the International Trade Centre, the United Nations Conference on Trade and Development, and the World Bank.
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Business perspectives on boosting trade and investment
Business is a strong proponent of reducing frictional barriers to trade and investment. Partnership between the public and private sectors is needed to ensure that efforts in implementation address value chain needs and reach tipping points for growth. To that end, it is important to integrate the private sector at the beginning of aid-for-trade planning. Constant dialogue between government and the private sector can help adapt reforms to meet the needs of users and enhance impact. While the first priority of business is implementing the Trade Facilitation Agreement, measures to streamline border administration should not stop there. A comprehensive and co-ordinated approach beyond encouraging trade is also required. For example, enabling trade should go hand in hand with facilitating investment. This chapter addresses these issues from the business viewpoint, reviews ongoing efforts and suggests options for enhanced collaboration between business and donors in driving and implementing trade facilitation.
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