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Monitoring progress on MDG

This article discusses the need for a framework that monitors trade policies as a tool to achieve all Millennium Development Goals. It highlights the changing global economy, domestic support tariffs, duty-free imports, and the role of international institutions in overcoming data hurdles. The WTO Institutional Framework and Trade Policy Review Mechanism are explored as potential solutions.

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Monitoring progress on MDG

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  1. Monitoring progress on MDG Bijit Bora Counsellor Economic Research and Statistics

  2. Monitoring Trade Policies • Need an framework that looks at trade policy as a tool with which to achieve all MDG goals. • Basic framework requires monitoring of BOTH developed and developing country trade policies

  3. Changing Global Economy • Steadily growing trade volumes • Fall in tariff levels to an all-time low • Transport cost revolution • Role of technology in trade

  4. Domestic support Tariffs Domestic Support ODA Open rules based system Tariffs Debt ODA Debt What are the indicators of Goal 8?

  5. Duty free imports into Developed countries by type of exporter

  6. Average agriculture tariffs

  7. Average textiles tariffs

  8. Average clothing tariffs

  9. How acceptable is the framework? • The focus is only on developed countries • Should there be differential treatment between developing and developed countries? • Multilateral system is based on bound, not applied rates • Non ad valorem tariffs are not taken into account • Transparency, openness and predictability appear to be the benchmarks for the goal. • Trade performance is not an indicator

  10. Markets for products originating from LDCs

  11. How to move forward? ?

  12. Improve the monitoring process • Need an acceptable framework on trade and development. • Need the intermediate products with which to do the analysis.

  13. Need an acceptable framework of trade and development

  14. That is based on research.....

  15. Framework should be verified...

  16. International institutions can help overcome data hurdles • Methodology • Data

  17. WTO Institutional Framework could help... Trade Policy Review Mechanism

  18. Purpose • to contribute to improved adherence by all Members to rules, disciplines and commitments made under the Multilateral Trade Agreements • to the smoother functioning of the multilateral trading system, by achieving greater transparency in, and understanding of, the trade policies and practices of Members.

  19. Transparency • Members recognize the inherent value of domestic transparency of government decision-making on trade policy matters for both Members' economies and the multilateral trading system

  20. Problem of a brick wall…. • Since TPRs focus on a narrower set of objectives than the MDGs • Need to address Annex III

  21. Scope for cooperation amongst countries….

  22. But most importantly international agencies!

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