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Annual Report 2024
This report covers WTO activities in 2023 and the early part of 2024. At the start of the report Director-General Ngozi Okonjo-Iweala reflects on the current challenges facing world trade and the role of the WTO in helping the world address these challenges. The report also covers the 13th WTO Ministerial Conference which took place from 26 February to 2 March 2024.
World Trade Report 2024
Over the past 30 years the world has witnessed a period of unprecedented income convergence as the wide gap in income levels between economies has narrowed. Economic growth has improved living conditions and prospects for many people around the world. However not all individuals regions and economies have benefited equally from the changes brought about by more open trade. The World Trade Report 2024 explores the complex interlinkages between trade and inclusiveness across and within economies.Openness to international trade can drive economic growth but many low- and middle-income economies struggle to diversify or to integrate into world trade. Although trade supports numerous jobs and provides access to affordable goods and services some individuals can face challenges in adapting to new economic conditions following trade openness. However trade protectionism neither protects the overall economy nor promotes inclusiveness within economies. Diversifying global value chains reducing trade costs through digitalization and transitioning to a low-carbon economy can create new opportunities for low- and middle-income economies. Addressing remaining barriers to trade and investment facilitating the implementation of existing WTO agreements and ensuring that the WTO is fit for new challenges are crucial to support inclusiveness across and within economies. Furthermore trade policies need to be complemented by domestic measures such as labour education and competition policies so that the gains from trade can flow to workers and consumers and so that those individuals can move to benefit from those gains. WTO cooperation with other international organizations can magnify combined action on inclusiveness across and within economies.
Global Trade Outlook and Statistics
The WTO’s “Global Trade Outlook and Statistics” analyses recent global trade developments. Breakdowns of merchandise and commercial services trade by sector and region are provided together with details on leading traders. The report is timed to coincide with the release of the WTO’s latest quarterly and annual trade statistics which can be downloaded from the WTO’s online database at stats.wto.org.
Perspectivas del comercio mundial y estadísticas
En el informe Perspectivas del comercio mundial y estadísticas de la OMC se analizan los acontecimientos comerciales más recientes a nivel mundial. Además se proporcionan desgloses del comercio de mercancías y servicios comerciales porsectores y regiones junto con detalles sobre los principales interlocutores comerciales. La publicación del informe coincide con la divulgación de las últimas estadísticas comerciales trimestrales y anuales de la OMC que pueden descargarse de la base de datos en línea de la OMC en la dirección siguiente: stats.wto.org.
Working together for better climate action
The report of the Joint Task Force on Climate Action Carbon Pricing and Policy Spillovers with participation by the IMF OECD UNCTAD World Bank and WTO makes four main contributions. First it reflects on a common understanding of carbon pricing metrics which inform on the incentives to decarbonize and on cross-country variation in carbon prices a key determinant of international spillover effects and competitiveness concerns. Second the report analyzes the appropriate mixes of climate change mitigation policies emphasizing the pivotal role of carbon pricing as the only policy implementing the polluter pays principle while generating revenues. Third it analyzes how international organizations can support the coordination of policies to maximize positive and limit negative cross-border spillovers from climate change mitigation policies. Finally it discusses how such coordination can help to scale up climate action by closing the transparency gap the implementation gap and the ambition gap.
Perspectives du commerce mondial et statistiques
La publication « Perspectives et statistiques du commerce mondial » de l’OMC analyse l’évolution récente du commerce mondial. Elle contient des ventilations du commerce des marchandises et du commerce des services commerciaux par secteur et par région ainsi que des renseignements détaillés sur les principales économies commerçantes. La publication du rapport coïncide avec celle des dernières statistiques commerciales trimestrielles et annuelles de l’OMC qui peuvent être téléchargées à partir de la base de données en ligne de l’Organisation à l’adresse suivante : stats.wto.org.