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