Aid for Trade : An Action Agenda Looking Forward

The current post-crisis environment and fragile economic recovery increases the importance of aid for trade. Global rebalancing and tightened fiscal budgets in the short to medium term also place renewed emphasis on aid effectiveness. This note identifies four options to enhance the effectiveness of the multilateral aid for trade initiative: (i) expanding market access for least-developed countries (LDCs) through leadership by middle-income G-20 members; (ii) creating a mechanism to identify good practices in domestic regulation of service markets and other 'behind-the-border' trade-related policies; (iii) leveraging the dynamism and knowledge of the private sector to improve trade facilitation and build capacity; and (iv) but a renewed 'activism' by government in the trade and growth agenda need not mean.

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Bibliographic Details
Main Authors: Wilson, John S., Hoekman, Bernard
Language:English
Published: World Bank, Washington, DC 2010-08
Subjects:AIR TRANSPORT, BARRIERS TO EXPORTS, BARRIERS TO TRADE, BILATERAL TRADE, CAPACITY BUILDING, COMMUNICATION TECHNOLOGIES, COMPETITIVENESS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DIMINISHING RETURNS, DOMESTIC REGULATION, DYNAMIC EMERGING MARKETS, ECONOMIC CRISIS, ECONOMIC POLICY, EXPORT GROWTH, EXPORTS, EXPOSURE, FINANCIAL AID, FINANCIAL SUPPORT, FREE ACCESS, FREE MARKET ACCESS, GDP, GDP PER CAPITA, GLOBAL TRADE, GLOBALIZATION, GROWTH VOLATILITY, HARMONIZATION, IMPORT SUBSTITUTION, IMPORTING COUNTRIES, IMPORTS, INCOME, INDUSTRIAL POLICY, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PROJECTS, INTERNATIONAL TRADE, INTERNATIONAL TRADING, INTERNATIONAL TRADING SYSTEM, INTRAREGIONAL TRADE, INVESTMENT POLICIES, LDCS, LIBERALIZATION, LIBERALIZATION OF TRADE, LIBERALIZATIONS, LOW-INCOME COUNTRIES, MARKET ACCESS, MARKET ACCESS OPPORTUNITIES, MARKET INTEGRATION, MIDDLE-INCOME COUNTRIES, MINISTERIAL MEETING, MULTILATERAL TRADE, NATIONAL ECONOMY, OPEN MARKETS, OPENNESS, POLICY RESEARCH, PORTFOLIO, PREFERENTIAL ACCESS, PREFERENTIAL REDUCTION, PREFERENTIAL REDUCTION OF TARIFFS, PRODUCTIVE CAPACITY, PUBLIC-PRIVATE PARTNERSHIPS, RATE OF RETURN, REGIONAL AGREEMENTS, REGIONAL INTEGRATION, REGIONALISM, REGULATORY POLICIES, REGULATORY REFORM, RESTRICTIVE RULES OF ORIGIN, RULES OF ORIGIN, SPECIALIZATION, TOTAL COSTS, TRACK RECORD, TRADE AGENDA, TRADE AND INVESTMENT POLICIES, TRADE BARRIERS, TRADE CAPACITY, TRADE COSTS, TRADE DEVELOPMENT, TRADE DIVERSION, TRADE FACILITATION, TRADE PARTNERS, TRADE PARTNERSHIP, TRADE POLICY, TRADE POLICY REFORMS, TRADE PREFERENCE, TRADE PREFERENCES, TRADE REFORM, TRADING SYSTEM, TRANSACTION COSTS, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:http://documents.worldbank.org/curated/en/2010/08/12619315/aid-trade-action-agenda-looking-forward
https://hdl.handle.net/10986/10162
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Summary:The current post-crisis environment and fragile economic recovery increases the importance of aid for trade. Global rebalancing and tightened fiscal budgets in the short to medium term also place renewed emphasis on aid effectiveness. This note identifies four options to enhance the effectiveness of the multilateral aid for trade initiative: (i) expanding market access for least-developed countries (LDCs) through leadership by middle-income G-20 members; (ii) creating a mechanism to identify good practices in domestic regulation of service markets and other 'behind-the-border' trade-related policies; (iii) leveraging the dynamism and knowledge of the private sector to improve trade facilitation and build capacity; and (iv) but a renewed 'activism' by government in the trade and growth agenda need not mean.