Mr. Angel Gurría, Secretary-General of the OECD, will be in Sydney from 17 to 20 July 2014 to attend the G20 Trade Ministers Meeting.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

Trade Balance - Cumulative in South Africa increased to 12127.31 ZAR Million in March from -2986.13 ZAR Million in February of 2020. Trade Balance - Cumulative in South Africa averaged -64972.52 ZAR Million from 2013 until 2020, reaching an all time high of 12127.31 ZAR Million in March of 2020 and a record low of -198550.91 ZAR Million in December of 2014. This page includes a chart with historical data for South Africa Trade Balance - Cumulative.

Myanmar recorded a trade deficit of 66.30 USD Million in September of 2019. Balance of Trade in Myanmar averaged -206.88 USD Million from 2010 until 2019, reaching an all time high of 593.30 USD Million in August of 2011 and a record low of -948.50 USD Million in July of 2015. Myanmar had been trading mostly with neighboring countries due to political circumstances and poor infrastructure, but the change to democracy is likely to allow access to new markets. Oil and natural gas dominate Myanmar's exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar's main trading partners are China, India, Japan, Indonesia, Germany and Hong-Kong. This page provides - Myanmar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria has achieved high levels of economic growth and well-being, but must address serious demographic, environmental and globalisation challenges if future generations are to share the same prosperity, according to the OECD’s latest Economic Survey of Austria.

GDP From Services in Nepal increased to 131079 NPR Million in 2018 from 118204 NPR Million in 2017. GDP From Services in Nepal averaged 81820.42 NPR Million from 2000 until 2018, reaching an all time high of 131079 NPR Million in 2018 and a record low of 61837 NPR Million in 2001. This page provides - Nepal Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nepal recorded a trade deficit of 103773.70 Million NPR in December of 2019. Balance of Trade in Nepal averaged -37973.27 Million NPR from 2001 until 2019, reaching an all time high of -3913.30 Million NPR in October of 2001 and a record low of -132194.70 Million NPR in September of 2018. Nepal’s lack of infrastructure and geographic constraints has led to chronic trade deficits. Nepal mainly exports iron and steel, knotted carpets, textiles, plastics, hollow tubes, beverages and vegetables. Nepal mainly imports oil, gold, iron and steel, clothes, pharmaceutical products, cement, electronic appliances, food and vehicles. This page provides - Nepal Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Malawi recorded a trade deficit of 91901 MWK Million in June of 2019. Balance of Trade in Malawi averaged -28712.58 MWK Million from 2000 until 2019, reaching an all time high of 4926 MWK Million in November of 2009 and a record low of -187035.40 MWK Million in August of 2018. Malawi’s landlocked location increases import costs and poses an obstacle to exports. Malawi is dependent on imports of fuel and consumer goods. However, tobacco trade (55 percent of total exports) represents a major source of income for the country. Malawi’s main trading partners are: South Africa, Zambia, China and United States. This page provides - Malawi Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cyprus recorded a trade deficit of 539694 EUR Thousand in February of 2020. Balance of Trade in Cyprus averaged -207406.81 EUR Thousand from 1975 until 2020, reaching an all time high of 158661 EUR Thousand in March of 2018 and a record low of -925948 EUR Thousand in May of 2016. Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This paper explores the productivity impact of trade, product market and financial market policies over the last decade in China – a fast growing country where, despite significant reform action, regulatory stance remains still far from OECD standards.

Instead of resorting to trade measures such as export restrictions, Chile manages its minerals sector through a combination of balanced taxation, stable investment measures, good management of tax revenue, exchange rate policy and initiatives aimed at producing a multiplier effect of economy-wide development, according to this study.

Austria has achieved high levels of economic growth and well-being, but must address serious demographic, environmental and globalisation challenges if future generations are to share the same prosperity, according to the OECD’s latest Economic Survey of Austria.

Danish productivity has grown only weakly over the past two decades, both historically and in relation to other countries, despite sound policies and institutions. Denmark needs to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth.

This paper quantifies the importance of different determinants of trade at the industry level using a sample of 54 OECD and non-OECD economies. The empirical methodology extends the approach of previous empirical studies to explicitly quantify the impact that trading partners’ factor endowments and policies have on bilateral trade, and to analyse the effect of tariffs on the volume and composition of trade.

The analysis suggests that over the next 50 years, the geographical centre of trade will continue to shift from OECD to non-OECD regions reflecting faster growth in non-OECD countries.

A further sharp downturn in emerging market economies and world trade has weakened global growth to around 2.9% this year - well below the long-run average – and is a source of uncertainty for near term prospects, says the OECD.

The data presented in the latest OECD Economic Survey of Ireland suggest that rather than "brain drain" Ireland exhibits "brains exchange", a large proportion of emigrants and immigrants are well qualified.

Weak trade growth and financial distortions are exacerbating slow global economic growth, according to the OECD’s latest Interim Economic Outlook.

World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently.

Middle Eastern and North African countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust and create jobs for the region’s young population, the OECD told ministers from the region today.

The recent pick-up in global growth is good news, but a durable return to healthy growth supported by productivity and trade will require stronger political commitment to implement policy packages to make growth more inclusive.

Estonia is highly integrated into the global trade system: it exports approximately 80% of GDP and around half of domestic employment is sustained by foreign demand.

Brazil is emerging from its long recession and is headed for solid growth in 2018 and 2019 as recent structural reforms start to bear fruit. Sustaining this recovery, unleashing Brazil’s full economic potential and spreading the benefits fairly will require additional efforts to rein in public spending, increase trade and investment, and further focus social spending on those most in need, according to a new OECD report.

Services comprise a growing share of international trade. Yet detailed statistics on which countries trade which services with which partners remain patchy.

Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level but are still of concern to policy makers because of the risks they pose to individual economies, as well as globally.

Canada is one of the OECD economies delivering the best outcomes for its citizens, especially in regards to self-reported well-being, personal security and health status. Canada is also undertaking several programmes to foster inclusive growth – with respect to childcare benefits, gender equality and social housing.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

Brazil remains a fairly closed economy, with small trade flows relative to its share of world income. This paper explores the effects of three possible policy reforms to strengthen Brazil’s integration into global trade: a reduction in import tariffs, less local content requirements and a full zero-rating of exports in indirect taxes.

Brazil is emerging from its long recession and is headed for solid growth in 2018 and 2019 as recent structural reforms start to bear fruit. Sustaining this recovery, unleashing Brazil’s full economic potential and spreading the benefits fairly will require additional efforts to rein in public spending, increase trade and investment, and further focus social spending on those most in need, according to a new OECD report.

OECD Workshop on assessing the harms posed by illicit trade and the illegal economy for global supply chain integrity, economic growth, and market security.

OECD Task Force on Charting Illicit Trade

Blog examining how corruption can have a negative impact on citizens health, and underlines the difficulties of controlling trade networks and examines how illicit trade continues to evolve.

Imports of counterfeit and pirated goods are worth nearly half a trillion dollars a year, or around 2.5% of global imports, with US, Italian and French brands the hardest hit and many of the proceeds going to organised crime, according to a new report by the OECD and the EU’s Intellectual Property Office.

The global economy remains in a low-growth trap. In our latest Interim Economic Outlook global GDP growth is set to remain flat around 3% in 2016 and improve modestly to 3.2% in 2017.

Middle Eastern and North African countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust and create jobs for the region’s young population, the OECD told ministers from the region today.

For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and potential output gains.

At the leader’s summit in Hamburg on July 7-8, 2017, the G20 High Level Principles on Combatting Corruption Related to Illegal Trade in Wildlife and Wildlife Products were launched as an annex to the Leaders’ Declaration. The Task Force on Countering Illicit Trade (TF-CIT) provided substantive input to this document throughout its development.

With growing integration via trade and investment, state-owned enterprises (SOEs) that have traditionally been oriented towards domestic markets increasingly compete with private firms in the global market place. This paper discusses the extent of state ownership in the global economy, the advantages and disadvantages that SOEs can face, and how potential SOE advantages can generate cross-border effects.

18 November 2013 - Asia-Pacific Trade and Investment Week 2013 opened in Bangkok today with a regional conference on responsible business practices jointly organised by the United Nations Economic and Social Commission of Asia and the Pacific (ESCAP) and the Organisation for Economic Co-operation and Development (OECD).

The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals.

The recent surge in competition between state and private firms in global markets calls for a reflection on how to minimise any potentially distortionary effects on international trade and investment created by state enterprises while at the same time restraining any undue protectionist policy responses directed at them.

Is there a role for trade liberalisation and facilitation in zeroing in on corruption and supporting integrity in trade? Yes – and a greater one than you might think.

Algeria recorded a trade deficit of 2740 USD Million in the first quarter of 2019. Balance of Trade in Algeria averaged 1820.71 USD Million from 1992 until 2019, reaching an all time high of 34060 USD Million in the second quarter of 2006 and a record low of -2740 USD Million in the first quarter of 2019. The Algerian economy is highly dependent on petroleum and natural gas exports. Hydrocarbons account for over 95% of export earnings. Algeria main exports partners are United States, Italy, Spain, France and Canada. Algeria imports mainly capital goods, foodstuffs and consumer goods. Its main import partners are: France, China, Italy, Spain and Germany. This page provides - Algeria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bulgaria recorded a trade deficit of 421.40 BGN Million in February of 2020. Balance of Trade in Bulgaria averaged -666.92 BGN Million from 2000 until 2020, reaching an all time high of 98.50 BGN Million in July of 2017 and a record low of -2106.20 BGN Million in October of 2008. Bulgaria exports mostly fuels, manufactured goods (clothing, footwear), machinery and transport equipment and chemicals. Bulgaria's main exports partners are Germany,Turkey, Italy, Greece and Romania. Bulgaria imports fuels, machinery and transport equipment, metals, raw materials. Bulgaria's main imports partners are Russia, Germany, Romania and Italy. This page provides - Bulgaria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gabon recorded a trade surplus of 2018.60 CFA Billion in 2018. Balance of Trade in Gabon averaged 1975.78 CFA Billion from 1998 until 2018, reaching an all time high of 3233.90 CFA Billion in 2013 and a record low of 439.16 CFA Billion in 1998. In recent years, Gabon has been recording trade surpluses due to petroleum exports. With virtually no manufacturing industry, Gabon is dependent on imports of consumer goods and capital equipment. Gabon’s main trading partners are: China, United States and European Union. This page provides - Gabon Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Maldives recorded a trade deficit of 234.30 USD Million in November of 2019. Balance of Trade in Maldives averaged -117.37 USD Million from 2005 until 2019, reaching an all time high of -43.30 USD Million in April of 2005 and a record low of -258.60 USD Million in March of 2018. The Maldives runs consistent trade deficits, as it imports most of what it consumes and has a very small manufacturing base. The Maldives’ main export product is fish (accounting for over 40 percent of total exports). Others include engines and metal scrap. The Maldives mainly imports fuel, aircraft, wood, prefabricated buildings, iron and steel, telecommunication equipment, vegetables and cement. The Maldive’s main trading partners are the United Arab Emirates, Singapore, India, France, Thailand, Malaysia and Sri Lanka. This page provides - Maldives Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Afghanistan recorded a trade deficit of 5131.30 USD Million in 2018. Balance of Trade in Afghanistan averaged -4684.60 USD Million from 2003 until 2018, reaching an all time high of -1660.90 USD Million in 2005 and a record low of -8517.90 USD Million in 2012. Since 2006, Afghanistan´s trade deficit has been widening as imports have surged due to the reconstruction effort. Afghanistan main exports are: carpets and rugs; dried fruits and medical plans. Main imports are: petroleum; machinery and equipment and food items. Afghanistan´s main trading partners are: Pakistan (48 percent of total exports and 14 percent of imports) and Russia (9 percent of exports and 13 percent of imports). Others include: Iran, China, India, Japan and Turkey. This page provides - Afghanistan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Romania recorded a trade deficit of 1.28 EUR Million in February of 2020. Balance of Trade in Romania averaged -666.21 EUR Million from 1992 until 2020, reaching an all time high of 137.60 EUR Million in February of 1996 and a record low of -2542.10 EUR Million in September of 2008. Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany and France being the most important. This page provides - Romania Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Madagascar recorded a trade deficit of 194250 million MGA in December of 2019. Balance of Trade in Madagascar averaged -259072.01 million MGA from 2008 until 2019, reaching an all time high of 177517 million MGA in December of 2018 and a record low of -772177 million MGA in June of 2016. Madagascar’s systemic trade deficit is due to the country’s dependency on the imports of fuel and capital equipment. Madagascar is a net exporter of graphite, coffee and vanilla. Main trading partners are: France, China and Indonesia. This page provides - Madagascar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ghana recorded a trade surplus of 487.80 USD Million in February of 2020. Balance of Trade in Ghana averaged -160.43 USD Million from 2004 until 2020, reaching an all time high of 487.80 USD Million in February of 2020 and a record low of -733.10 USD Million in October of 2013. Ghana's main exports are gold, cocoa beans and timber products. Others include tuna, aluminum, manganese ore, diamonds and horticulture. It's main exports partners are Netherlands, Burkina Faso, South Africa and United Kingdom. Ghana imports mostly industrial supplies, capital and consumer goods and foodstuffs. It's main imports partners are China, United States, Belgium, United Kingdom and France. This page provides - Ghana Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.