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The analysis then goes on to consider the interaction between trade and macroeconomic policy. This is followed by an examination of the role of infrastructure in trade and economic development, with a particular focus on transport, telecommunications, finance and business services.

Next comes a consideration of domestic market structures and what role governments might play in securing well functioning markets. The fourth issue covered is governance and institutions, which looks at the nature of institutions and how they influence economic outcomes. Finally, the Report closes with a discussion of the role of international cooperation in promoting policy coherence.

The Report also contains three essays on topics of particular current interest. The topics selected are “non-reciprocal preferences and the multilateral trading system”, the “liberalization of services trade through the temporary movement of labour” and “geographical indications”. Each of these issues is directly or indirectly implicated in the Doha negotiations. They are subjects in respect of which many members hold strong views. The essays seek to shed light on the underlying policy issues, the policy challenges, and the threats and opportunities embedded in each subject area.