On 8 November 2019, interested parties were invited to provide comments on certain aspects of the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two. The OECD is grateful to the commentators for their input and now publishes the public comments received.

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD Secretariat is seeking public comments on the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two. This public consultation meeting will focus on the key questions identified in the consultation document and issues raised in the written submissions received as part of the consultation process.

Viet Nam and Palau join the international fight against tax evasion by becoming the 159th and 160th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) and the World Bank carried out a technical assistance mission in Antananarivo on 20-24 January 2020 to assist Madagascar in the implementation of the international tax transparency standards.

The Global Forum and the Asian Development Bank held a joint training event on the Exchange of Information on Request Peer Reviews and Implementation of the Automatic Exchange of Information Standard from 17 January to 31 January 2020 in Tbilisi, Georgia.

Mali joins the international fight against tax evasion by becoming the 161st member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI).

The Global Forum on Transparency and Exchange of Information for Tax Purposes visited the Headquarter of the African Development Bank (AfDB) on 3-4 February 2020 to discuss the tax transparency agenda in Africa.

Comprised of 34 Global Forum members, the Automatic Exchange of Information Peer Review Group (APRG) held its first meeting on 16-18 March 2020 to discuss key issues in ensuring that jurisdictions are putting in place what is required to deliver an effective AEOI Standard, as well as how the recent developments in relation to Covid-19 might impact expectations.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today eight new peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR).

As a result of COVID-19, public life has come to a sudden halt and consumer spending is plummeting. How will this crisis and the policy actions taken in response affect tax revenues? And what lessons can be learned from the previous global financial crisis?

Iraq recorded a trade surplus of 41524 USD Million in 2018. Balance of Trade in Iraq averaged 10976.96 USD Million from 1988 until 2018, reaching an all time high of 47550 USD Million in 2008 and a record low of -3492 USD Million in 2004. Iraq has been recording trade surpluses since 2005 due to a rise in the shipments of oil (99 percent of total exports). Main imports are: machinery and transport equipment; manufactured articles and mineral fuels. Main trading partners are: United States (25 percent of total exports and 6 percent of imports) and China (12 percent of exports and 14 percent of imports). Others include: Syria, India and South Korea. This page provides - Iraq Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Burundi increased to 2799773 BIF Million in October from 2785701.40 BIF Million in September of 2019. Banks Balance Sheet in Burundi averaged 1969860.79 BIF Million from 2015 until 2019, reaching an all time high of 2799773 BIF Million in October of 2019 and a record low of 1447265.50 BIF Million in January of 2016. This page provides - Burundi Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Italy increased to 3769560.71 EUR Million in February from 3750270.33 EUR Million in January of 2020. Banks Balance Sheet in Italy averaged 2934036.34 EUR Million from 1995 until 2020, reaching an all time high of 4247044.51 EUR Million in November of 2012 and a record low of 1393773.06 EUR Million in January of 1996. This page provides the latest reported value for - Italy Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Turkey increased to 4678225798 TRY Thousand in February from 4498754472 TRY Thousand in January of 2020. Banks Balance Sheet in Turkey averaged 762529950.36 TRY Thousand from 1986 until 2020, reaching an all time high of 4678225798 TRY Thousand in February of 2020 and a record low of 15859.80 TRY Thousand in January of 1986. This page provides the latest reported value for - Turkey Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Spain increased to 2707.20 EUR Billion in February from 2682.50 EUR Billion in January of 2020. Banks Balance Sheet in Spain averaged 1953.57 EUR Billion from 1989 until 2020, reaching an all time high of 3733 EUR Billion in March of 2012 and a record low of 439.60 EUR Billion in January of 1990. This page provides the latest reported value for - Spain Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in the United States increased to 19729125 USD Million in April 8 from 19717856 USD Million in the previous week. Banks Balance Sheet in the United States averaged 6484902.08 USD Million from 1973 until 2020, reaching an all time high of 19729125 USD Million in April of 2020 and a record low of 697581.70 USD Million in January of 1973. This page provides - United States Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Germany increased to 8975.05 EUR Billion in February from 8529.40 EUR Billion in January of 2020. Banks Balance Sheet in Germany averaged 3831.49 EUR Billion from 1950 until 2020, reaching an all time high of 10087.65 EUR Billion in December of 1998 and a record low of 30.82 EUR Billion in June of 1950. This page provides - Germany Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Canada increased to 6573422 CAD Million in February from 6370523 CAD Million in January of 2020. Banks Balance Sheet in Canada averaged 1171489.87 CAD Million from 1954 until 2020, reaching an all time high of 6573422 CAD Million in February of 2020 and a record low of 10516 CAD Million in April of 1954. This page provides - Canada Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Brazil increased to 6877781.57 BRL Million in January from 6803853.16 BRL Million in December of 2019. Banks Balance Sheet in Brazil averaged 2810548.73 BRL Million from 2000 until 2020, reaching an all time high of 6877781.57 BRL Million in January of 2020 and a record low of 4596.15 BRL Million in August of 2012. This page provides - Brazil Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Mexico increased to 83459512 MXN Million in February from 82402030 MXN Million in January of 2020. Banks Balance Sheet in Mexico averaged 12048596.95 MXN Million from 2000 until 2020, reaching an all time high of 84367340 MXN Million in November of 2019 and a record low of 1171622 MXN Million in April of 2002. This page provides the latest reported value for - Mexico Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Switzerland increased to 2124644.57 CHF Million in February from 2116896.91 CHF Million in January of 2020. Banks Balance Sheet in Switzerland averaged 1168193.85 CHF Million from 1987 until 2020, reaching an all time high of 2124644.57 CHF Million in February of 2020 and a record low of 595832 CHF Million in December of 1987. This page provides - Switzerland Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in France increased to 10208997 EUR Million in March from 9967881 EUR Million in February of 2020. Banks Balance Sheet in France averaged 6624965.78 EUR Million from 1997 until 2020, reaching an all time high of 10208997 EUR Million in March of 2020 and a record low of 3147124 EUR Million in September of 1997. This page provides the latest reported value for - France Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in the United Kingdom increased to 4204845 GBP Million in March from 4066563 GBP Million in February of 2020. Banks Balance Sheet in the United Kingdom averaged 3676330.06 GBP Million from 2010 until 2020, reaching an all time high of 4204845 GBP Million in March of 2020 and a record low of 3342179 GBP Million in September of 2014. This page provides - United Kingdom Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in South Africa increased to 6579309 ZAR Million in March from 6070834 ZAR Million in February of 2020. Banks Balance Sheet in South Africa averaged 2171889.01 ZAR Million from 1986 until 2020, reaching an all time high of 6579309 ZAR Million in March of 2020 and a record low of 114781 ZAR Million in March of 1987. This page provides - South Africa Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Australia increased to 5510.55 AUD Billion in the first quarter of 2020 from 4757.86 AUD Billion in the fourth quarter of 2019. Banks Balance Sheet in Australia averaged 1879.47 AUD Billion from 1990 until 2020, reaching an all time high of 5510.55 AUD Billion in the first quarter of 2020 and a record low of 322.97 AUD Billion in the first quarter of 1990. This page provides - Australia Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

G20 governments should prevent further deterioration in their collective trade and investment policy stance and focus on promoting open markets to re-boot growth in the world economy, according to the OECD, WTO and UNCTAD.

Die OECD-Arbeitsgruppe gegen Bestechung bedauert, dass in Österreich bisher noch kein Urteil wegen der Bestechung von ausländischen Amtsträgern ergangen ist, obwohl seit der Ratifizierung des entsprechenden OECD-Übereinkommens vor 13 Jahren eine Reihe von Vorwürfen vorlag.

Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).

This workshop sought to address whether the data we are using to measure and analyse globalisation is up to the task, and if it isn’t, what could be done.

Since the start of the crisis, a growing number of OECD countries have been reporting declining inward and outward FDI, a phenomenon that could be described as ‘investment de-globalisation’. Governments must take immediate and vigorous action to reverse such trends by removing unnecessary barriers and complexities that hinder investment, said OECD Secretary-General.

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.

“Why do financial institutions and investors see so little risk, while companies investing in the real economy see so much risk?” This is perhaps the most important question facing policy makers today. This paper sets out some of the possible hypotheses for lack of investment in the world economy. It uses data drawn from 10 000 global companies in 75 advanced and emerging countries.

We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!

The global recovery is still hesitant and unemployment at record highs, despite ample liquidity in financial markets. OECD Secretary-General Angel Gurría will open the 10th Global Forum on International Investment with Minister of Economy, Turkey, Nihat Zeybekci, to address policy options for sparking an investment comeback.

Mounting fears of another slowdown in the global economy call for bolder policy responses. Trade and investment are a case in point. The latest WTO forecasts suggest 2015 will be the fourth year running that global trade volumes grow less than 3%, barely at—or below—the rate of GDP growth. Before

The workshop will discuss the first results of the OECD Secretariat’s work on integrating FDI statistics into the analysis of Global Value Chains (OECD-WTO Trade in Value Added Initiative) to better account for foreign ownership.

This OECD report lays an empirical foundation for structuring economic policies to facilitate Chile’s participation in global value chains and to maximise the associated benefits for national firms and workers.

Paris, 14 March 2016: Organised by the OECD-hosted Freedom of Investment Round-table, this conference will explore how governments are balancing investor protection and how to improve balance through new institutions.

Shanghai, 9-10 July 2016: G20 Trade Ministers reinforced their "determination to promote inclusive, robust and sustainable trade and investment growth" with the adoption of the G20 Guiding Principles for Global Investment Policymaking.

Leaders of the G20 countries meeting at their Summit in Hangzhou, China, have called on the OECD to help develop an agenda to build a stronger, more innovative and inclusive world economy.

Paris, 6 March 2016 - The 2017 Global Forum contributed to the broader policy debate about how to address globalisation failures from an international investment perspective. Debates addressed options for reforming the international investment policy regime across three dimensions: openness, responsibility and inclusiveness.

The 2017 OECD Global Anti-Corruption and Integrity Forum will tackle issues related to fair competition and economic growth, the inequality gap, a level playing field for business, the public interest in policy making and trust in government and politics

Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy.

Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions.

Evidence on the role played by investment in global value chains (GVCs) can assist policy work on GVCs, trade, investment and development. Drawing on new and improved measures of trade and investment, these country notes provide relevant statistical information from OECD databases on trade, investment, the activities of multinational enterprises and global value chains.

25-26 January 2018 - The first annual meeting of the G20 Global Infrastructure Connectivity Alliance will bring together policy makers and practitioners to discuss the state of play in global connectivity, innovative practices and the outlook for connectivity.

30/01/2018 - The China National Textile and Apparel Council (CNTAC) and the OECD today signed a Memorandum of Understanding (MoU) that sets out their commitment to intensify co-operation to promote responsible business in global textile and apparel supply chains.

Banks Balance Sheet in Portugal decreased to 418685.90 EUR Million in February from 420783.90 EUR Million in January of 2020. Banks Balance Sheet in Portugal averaged 251921.96 EUR Million from 1979 until 2020, reaching an all time high of 583296.90 EUR Million in February of 2012 and a record low of 6272.30 EUR Million in January of 1980. This page provides - Portugal Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Angola recorded a trade surplus of 4933 USD Million in the third quarter of 2019. Balance of Trade in Angola averaged 9924.08 USD Million from 2002 until 2019, reaching an all time high of 42932 USD Million in the fourth quarter of 2008 and a record low of 958.33 USD Million in the first quarter of 2015. Angola exports mostly crude oil (more than 90% of total exports) and small quantities of diamonds, coffee, sisal and fish. Angola main exports partners are China (more than 40% of total exports), followed by the United States, India, France, Taiwan, South Africa and Canada. Angola imports machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles and military goods. Portugal is the main supplier of the Angolan economy (18% of total imports) followed by China, United States, Brazil and South Africa. This page provides the latest reported value for - Angola Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.