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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Connecting to value chains: the role of trade costs and trade facilitation
This chapter highlights the importance of trade costs for the participation of developing countries in Global and Regional Value Chains. It considers in particular the role of different trade facilitation aspects such as border procedures and quality of infrastructure and shows how developing countries can reduce trade costs through those two specific areas. It discusses then how regional co-operation can be an effective strategy to promote integration into value chains by addressing regional bottlenecks. In addition it reviews multi-country and regional aid for trade initiatives highlighting some of the projects which are yielding good results and others which have not seen as much progress.
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