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trade dialogues

Strengthening International Cooperation on Subsidies
Presentation of a Joint Report by the IMF, OECD, WBG and WTO


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05/05/2022 - 14:00

Open trade, backed by the multilateral rules-based trading system, has been an effective catalyst for growth and poverty reduction for decades. But the growing use of trade- and investment distorting subsidies undermines the predictability and stability created by trade commitments, fuels trade tensions and erodes public support for open trade. The new report "Subsidies, Trade, and International Cooperation", prepared jointly by staff from the IMF, OECD, World Bank Group and WTO, takes stock of what we know and don't know about subsidies and their cross-border effects, and explores an agenda for dealing constructively with subsidies through improved transparency, better measurement, more focused dialogue and enhanced regulation of subsidies.

This event will present the results of the report and discuss its implications for international cooperation between the four authoring organizations and beyond.

Presentation

Opening Remarks

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Anabel González

Deputy Director-General, World Trade Organization (WTO)

Presentation of the report

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Brad McDonald

Deputy Chief for Trade Policy, External Policies Division, IMF

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José Signoret

Senior Economist, Macro, Trade and Investment Global Practice, World Bank

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Alexander Keck

Chief, Global Economic Analysis, Economic Research and Statistics Division, WTO

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Julia Nielson

Deputy Director, Trade and Agriculture Directorate, OECD

Discussants

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Chad Bown

Reginald Jones Senior Fellow, Peterson Institute for International Economics

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Trudi Hartzenberg

Executive Director, Trade Law Centre NPC (tralac)

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André Sapir

Professor, Université Libre de Bruxelles and Senior Fellow, Bruegel

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Tu Xinquan

Dean and Professor, China Institute for WTO Studies, University of International Business and Economics, China

Questions and answers

 

Download the report

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