The World Trade Report from the WTO says natural resources trade is creating many challenges for importing and exporting countries and co-operation by governments is required if they are to be addressed adequately.
The focus of the report is natural resources such as fuels, forestry, mining and fisheries and it examines the trade characteristics of natural resource markets, policy choices and international co-operation for proper management with particular reference to WTO.
Key elements of the report include the distinctive features of natural resource markets, gains from resources trade, externalities, technology effects on sustainability, high volatility, trade policy and trade regulation in natural resources.
The natural resources market total world trade value in 2008 was $3.7 trillion, equivalent to 24% of world merchandise trade. Fuels accounted for 57% in 1998 and 77% in 2008, fish and forestry each accounted for 3% and mining 18%. The top 15 exporters accounted for 52% of world resources trade in 2008 and top 15 importers 71% of traded resources.
No comments:
Post a Comment