The 2030 Agenda for Sustainable Development recognises that international trade is an important mechanism through which many of the specific goals and targets that have been agreed can be achieved. Making trade an effective means of implementation will require action on a broad front.
The experience of countries that have successfully used trade to achieve and sustain high rates of economic growth over a long period illustrates the high potential pay-offs to pursuit of a trade-oriented development strategy that exploits international trade and investment opportunities. Trade and foreign direct investment (FDI) are mechanisms that allow firms to exploit economies of scale and specialise in the activities in which they have a competitive advantage and can be powerful sources of technology transfer and knowledge spillovers. Read more. Source | The Commonwealth