Friday, March 16, 2012

[IWS] OECD/WTO: MEASURING TRADE in VALUE-ADDED [15 March 2012]

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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OECD/WTO

 

Measuring Trade in Value-Added: An OECD-WTO joint initiative [15 March 2012]

http://www.oecd.org/document/51/0,3746,en_2649_37431_49865779_1_1_1_37431,00.html

 

 

TRADE IN VALUE-ADDED: CONCEPTS, METHODOLOGIES AND CHALLENGES [15 March 2012]

(JOINT OECD-WTO NOTE)

http://www.oecd.org/dataoecd/52/9/49894138.pdf

[full-text, 28 pages]


Press Release 15 March 2012

OECD and WTO to start measuring trade in value-added as production chains globalize
http://www.oecd.orgdocument/34/0,3746,en_21571361_44315115_49920418_1_1_1_1,00.html

15/03/2012 - Companies are increasingly producing goods and services through supply chains spanning different countries.


Such international fragmentation of production is blurring the concept of country of origin. It also calls into question the interpretation of traditional statistics that measure gross flows of goods and services every time they cross borders. Current indicators do not identify the contribution of each country to the total value of any good or service in the supply chain.


To better understand the dynamics of global supply-chains and the importance of trade to economic growth and employment, the OECD and World Trade Organisation (WTO) have launched a joint initiative to measure trade in the value that is added by a country – through labour compensation, taxes and profits – in the production of any good or service that is exported.

The joint initiative on measuring trade in value-added is explained here. The two organisations will develop a new statistical model leading to the production of a public database of trade flows estimated in value-added terms.

Provisional results will be published in May-June 2012 with more detailed statistics expected by the end of the year.

Additional information about the initiative, including details about the methodology, is available at: www.oecd.org/trade/valueadded.

 

 

 

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# posted by SBasefsky : 5:05 AM




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