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WORLD TRADE ORGANIZATION:Formal TPRB meeting — WTO trade monitoring report

 SPEECHES — DG NGOZI OKONJO-IWEALA

Formal TPRB meeting — WTO trade monitoring report

Remarks by DG Okonjo-Iweala


Thank you, Ambassador H.E. Dr. Adamu Mohammed ABDULHAMID (NIGERIA) for your introductory remarks.

Excellencies, ladies, and gentlemen. I am pleased to join you today to discuss the latest WTO-wide Trade Monitoring Report and take stock of recent trade policy developments.

You all will have seen my Report which was circulated to Members on 20 November, in document WT/TPR/OV/27 and its Addendum.

You are all familiar with how the Report is prepared and our efforts to ensure inclusiveness and transparency in delivering this factual overview of trade policy developments over the past 12 months. The Trade Monitoring exercise is there to assist you, the Members, to get a sense of developments in the trading system that stand out, to understand emerging trends, and to undertake a constructive, non-legal peer review on matters of shared concern.

You have seen the Report, so I will not list its findings - I am more interested in hearing what you have to say and listening to you engage on the substance of the trends and developments identified since October 2023. However, allow me to share with you a few of my main take-aways.

Let's start by acknowledging something we all know, which Ambassador Adamu just referred to: the global trading environment appears increasingly fragile, uncertain and precarious.

But to be clear, trade has shown resilience to all the shocks of recent years, to Members' benefit. And I really want to stress this: amidst all the difficulties we have, and this is what I have been saying as I have travelled around, let us also remember that trade has shown quit a bit of resilience. In October, our economists reported that the volume of world merchandise trade had expanded at a moderate 2.3% year-on-year pace in the first half of 2024, on track to grow by a projected 2.7% for 2024 as a whole, and 3.0% in 2025. This represents an improvement over the 1.1% decline in merchandise trade volumes seen in 2023. And these projections are in line with the projections for global GDP growth. Normally, trade grows faster than GDP and this time we are growing in tandem.

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Αξιολόγηση της ευρωπαϊκής βιομηχανίας υποδημάτων

 https://op.europa.eu/en/publication-detail/-/publication/daf8fc79-394f-4157-996d-829b63b916dc

Assessment of the European footwear industry

In response to the challenges faced by the European footwear industry, the European Commission ran study of the situation and prospects for future development.

Page contents

• Details
• Description
• Files

Details

Publication date

26 November 2014

Author

Directorate-General for Enterprise and Industry

Description

The study includes reports on restructuring, research and innovation, education and training as well as an analysis of the competitive position of the sector and policy recommendations

The European footwear industry has been subject to a long period of transition since the early 1990s. EU manufacturers have maintained their competitiveness by offshoring the most costly production processes from their home countries to cheaper locations, and introducing cost cutting measures, which have included a reduction in employment within the sector.

In response to these challenges, the European Commission undertook a study on the industry that combined research, a survey of key stakeholders in the sector and case studies in nine different footwear-producing regions in seven EU countries.

The study highlighted that the EU footwear industry will continue to face a series of barriers in the coming years and identified ways in which the various stakeholders could assist the industry to address these barriers.

The study is in seven parts: a survey, five reports on specific areas of competitiveness and a synthesis report.

Summary of the synthesis report  (53 kB) - Full synthesis report 

Survey on the situation of the European footwear sector and prospects for its future development

Executive summary  (18 kB) - Full report  (3 MB)

Research and innovation centres

Executive summary  (31 kB) - Full report  (714 kB)

Small and medium-sized enterprises

Executive summary  (35 kB) - Full report  (800 kB)

Restructuring and modernisation

Executive summary  (46 kB) - Full report  (2 MB)

Training

Executive summary  (47 kB) - Full report  (671 kB)

Research, development and innovation in the footwear sector

Executive summary  (36 kB) - Full report  (723 kB)

 EU publications

In-depth assessment of the situation of the European footwear sector and prospects for its future development

Task 7 : synthesis report

Publication metadata

The European footwear industry has been subject to an elongated period of transition since the early 1990s. During these years, EU manufacturers have maintained their competitiveness by offshoring1 the most costly production processes from their home countries to cheaper locations, both within and outside the EU, and introducing cost cutting measures, which have included a reduction in employment

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Available languages and formats

pdf

ΕΠΙΧΕΙΡΗΜΑΤΙΚΗ ΕΝΗΜΕΡΩΣΗ:Διαδικτυακά εργαλεία και υπηρεσίες για μικρότερες επιχειρήσεις

 https://trade.ec.europa.eu/access-to-markets/en/content/online-tools-and-services-smaller-businesses

Online tools and services for smaller businesses

• The Enterprise Europe Network is the world's largest support network for small and medium-sized businesses (SMEs) with international ambitions. It has 3,000 experts across 600 member organisations in more than 60 countries. Member organisations include chambers of commerce and industry, technology centres, and research institutes.
• Trade Defence SME Helpdesk  The Helpdesk offers importers and exporters easily accessible personal advice in case they are affected by Trade Defence Instruments, i.e. as anti-dumping or anti-subsidy measures, imposed in the EU) or elsewhere in the world.
• Online course on Trade Defence Instruments for SMEs The course describes the essential aspects that SMEs should know for their daily business.
• Intellectual Property Helpdesk The Intellectual Property Helpdesks support European Union (EU) SMEs to both protect and enforce their Intellectual Property Rights (IPR) in the partner country, through the provision of free information and services (China, Latin America, South-East Asia, India and Africa)
  • China IPR SME Helpdesk
  • Latin America IP SME Helpdesk
  • South-East Asia IP SME Helpdesk
  • India IP SME Helpdesk
  • Africa IP SME Helpdesk
• Your Europe - Business provides multilingual information and online government services for companies looking for business opportunities inside and outside Europe (click on the map, select a EU country to find out the Member States business support activities).

Συμφωνία Ελεύθερου Εμπορίου ΕΕ-Νέας Ζηλανδίας

 https://trade.ec.europa.eu/access-to-markets/en/content/eu-new-zealand-free-trade-agreement

EU-New Zealand Free Trade Agreement

The agreement removes customs duties and bureaucracy that European firms face when exporting to New Zealand.

The agreement at a glance

The Free Trade Agreement between the European Union and New Zealand, signed in Brussels on 9 July 2023, will enter into force on 1 May 2024.

More information

For further details on the EU-New Zealand trade agreement, refer to Key elements of the EU-New Zealand trade agreement. 

To explore the comprehensive text of the agreement, navigate to EU-New Zealand: Text of the agreement. The text is conveniently divided into chapters and annexes for easy consultation.

Highlights

The current (2022) EU bilateral trade with New Zealand already totals €7.8 billion a year for goods and €3.7 billion for services. The EU exports to New Zealand goods worth €5.5 billion a year and imports New Zealand products of €2.3 billion resulting in a trade surplus for the EU of €3.2 billion.