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International Trade

What it is

Trade policy continues to be a cornerstore of BIAC’s engagement with the OECD. In lieu of import tariffs, governments increasingly turn to non-tariff measures (NTMs) to protect local markets from foreign competition. In many economies, NTMs can be more important than tariffs in limiting the ability of foreign companies to participate in national markets. By facilitating international policy coordination, OECD is in a unique position to help its member and non-member economies adopt policies that lead to growth.

Why it matters

Much work remains to be done on trade policy. The Trade Facilitation Agreement announced in Bali last December offers a very much needed opportunity for countries to reinvigorate multilateral trade negotiations and to speed the movement of goods and services across borders. Implementing Bali and reducing the costs of trade is essential, as the changes to transportation and communications technology over that past twenty years have transformed how companies deliver products and services—a paradigm shift captured in the OECD work on Global Value Chains (GVCs).

How it impacts

BIAC developed with its global membership a focus document that identifies nine priorities on trade going forward. Our priorities provide BIAC recommendations on leading issues – not necessarily presented in order of importance – for the OECD’s research agenda based on the business community’s on-the-ground experiences and perspectives on key and emerging trade issues.

News and press releases

Business assesses OECD/G20 Project Blueprints for Taxation of the Digitalizing Economy

Paris, 16th December 2020—Earlier this week, we released business comments to the OECD/G20 Inclusive Framework consultation on blueprints addressing profit allocation—also known as Pillar One—and a minimum tax—known as... download (pdf)

Member spotlight

Keidanren responses to COVID-19

Have a look at our Japanese member publication related to COVID-19 :” Realizing Free, Open Trade and Investment under COVID 19, Targeting an Inclusive and Resilient Framework“. read more

Recent Publications

What business needs from the OECD in challenging times

As an important solutions partner, we stand ready to reinforce our work with the OECD and governments to address urgent global challenges and tangibly increase prosperity. As the 10... download (pdf)

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