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Increased complexity of trade driving demand for good data

Published on July 09, 2015

The increasing complexity of global trade, manifest in the rise of global value chains, is driving demand for better trade data. At the “Trade Data Day” on 3 July, WTO Deputy Director-General Xiaozhun Yi underlined the importance of good data for good policymaking.

“Trade and development policies at national level require good statistics; similarly, the WTO cannot fulfil its negotiation and transparency mandates without good data,” DDG Yi said in his welcoming remarks to the seminar. “Indeed, the increased complexity of trade and the resulting greater interconnection of domestic firms within a globalised economy have fuelled demand for more information on trade statistics and trade policy measures.” Read more. Source | World Trade Organization