Trade to the Rescue: Unleashing Global Trade to Support Economic Growth

Higher prices are also impacting food security in some countries index

WASHINGTON, Oct. 21, 2021—Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones.

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Trade to the Rescue: Unleashing Global Trade to Support Economic Growth

Expanding trade flows can be part of the solutions to global challenges, when accompanied by the right policies. World Bank President David Malpass and WTO Director General Ngozi Onkonjo-Iweala discussed how global trade has limited the extend of the current global recession and laid out the practical steps countries could take to spread the benefits of trade more widely. Trade costs, on average, are equal to a 114 percent tariff on imported goods in developing countries. Much of that burden on consumers is the result of inefficient border procedures and poor transportation infrastructure.  Trade facilitation reforms and investment in infrastructure could give a big boost to trade within regions. Betty Maina, Kenya’s Minister of Industrialization, Trade and Enterprise Development, spoke of how trade liberalization is a central part of her country’s aspirations for incomes and development.

“Trade can be a powerful catalyst for growth and social economic development and poverty reduction, particularly if we implement it with the poor in mind,” Maina said.

Leaders from the public and private sectors discussed the importance of investments in logistics and expanding trade finance that could strengthen the contribution of trade to economic recovery, and noted the ways that trade could help developing countries mitigate and adapt to climate change. 

 

eC2: PROVISION OF COMPREHENSIVE TRADE EFFLUENT WATER QUALITY ANALYSIS

Deadline:  15-Sep-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) water

The scope of services under this RFP consists of the following:
Collect on-site composite samples from the industrial/commercial clients prioritized for sampling and analysis. Undertake effluent water quality analysis of collected samples covering all the typical pollutants limited and controlled by the utilities and guided by EMCA 1999 standards and regulations.
o The presence, concentrations and levels of contaminates to be analyzed should include but not limited to; toxic Metals (Chromium, Lead, Mercury, Zinc, Copper, etc.), Chemical Oxygen Demand (COD), Biochemical Oxygen Demand (BOD), Organics (Hydrocarbons, Pesticides, Herbicides), Flammable Substances. A tentative list is provided in Annex I. The final list will be concluded during the Inception stage.
o The following sectors have been preliminarily identified as high-risk and would be useful for consideration for sample effluent water analysis;

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The role of trade in promoting women’s equality

New trends in global trade—especially the rise in services, global value chains, and the digital economy—are opening up important economic opportunities for women. A new report marks the first major effort to quantify how women are affected by trade through the use of a new gender-disaggregated labor dataset.

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How policy uncertainty hurt world trade in 2019

In a decade of miserable trade growth, 2019 is set to make the record books for all the policy_uncertainty_cargo2wrong reasons.  Since the Great Recession, trade growth hovered around 3 percent per year, down from the 7 percent growth rates for the two decades preceding the crisis. This year world trade is expected to grow slightly above 1 percent. We find that policy uncertainty might account for almost half of the slowdown of world trade growth in 2019.

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What does the rise of the robots mean for trade?

Industrial robots, 3D printing, and artificial intelligence are rapidly changing the face of imagesglobal production and trade. Global sales of industrial robots reached a new record of 387,000 units last year and robot adoption is projected to grow in the coming years. Techno-pessimists fear that developing countries might lose the opportunity to export themselves out of poverty by linking into Global Value Chains (GVCs), as firms in rich countries relocate robot-driven production closer to home.

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From Parts to Products: Why Trade Logistics Matter

STORY HIGHLIGHTStrade-lpi-2018-warehouse-shutterstock

  • The sixth edition of Connecting to Compete reveals a persistent gap between high-income and low-income countries on logistics performance. High-income countries score, on average, 48% better on logistics than low-income countries.
  • Logistics relates to how efficiently countries can move physical goods across and within borders. A country’s performance in this area can determine how it participates in international markets.
  • Emerging trends in logistics include eco-friendly logistics options, labor shortages in both developed and developing countries, and preparedness for cyber threats.

 

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From Parts to Products: Why Trade Logistics Matter

Published on http://www.worldbank.org.

Washington, 24 July 2018 – Take a close look at your smart phone for a moment. What trade-lpi-2018-warehouse-shutterstockdo you see? A glass screen. A button equipped with fingerprint recognition. A camera lens, flashlight, microphone, and speaker. Each of these components, and others – including chips, processors, batteries – are independently sourced from companies located all over the world and assembled into a finished product at factories, often in China. Any smart phone you purchase, and its components, has likely passed through customs several times, landed on multiple countries and continents, and been touched by countless workers.

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eC2: Stocktaking of the Trade Facilitation Support Program

Deadline: 14-Aug-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank Group (WBG) is seeking an evaluation firm to undertake a mid-termworld money small stocktaking of the Trade Facilitation Support Program – a $40 million flagship technical assistance program administered by the WBG that supports countries in aligning their trade practices with the WTO Trade Facilitation Agreement (TFA). The firm should have strong knowledge of trade issues and demonstrated experience in evaluating global partnership programs and development projects, assessing results frameworks, implementation risks and M&E frameworks.

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