Reinvigorating Trade and Inclusive Growth
Despite a recent rebound in trade, a prolonged slowdown in the pace of trade reform is leaving in place widespread trade distortions and putting at risk the durability of the global economic recovery. With important exceptions such as the
WTO Trade Facilitation Agreement, trade reform has lagged since the early 2000s. This joint paper by the
IMF, the
World Bank and the
WTO suggests that building greater, more durable openness should be part of an effort to strengthen and reinvest in the global trading system. Governments need to address outstanding questions including the WTO dispute system. Cooperative action to secure greater openness - an imperative in its own right - would also help to resolve these issues.
https://www.imf.org/~/media/Files/Publications/PP/2018/093018-reinvigorating-trade-and-inclusive-growth.ashx
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