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G-20 Countries Rated “Poor” on Advancing Trade and Investment Liberalization

Tuesday, May 14, 2013
Sandler, Travis & Rosenberg Trade Report

In its second annual G-20 Business Scorecard, the International Chamber of Commerce rates as “poor” efforts by G-20 member nations over the past year to implement business community recommendations on trade and investment. This rating stands in contrast to the ICC’s evaluation of G-20 efforts on anti-corruption (fair), energy and the environment (fair), and financing for growth and development (good). Overall the G-20 earned a score of “fair,” compared to a “poor” rating in 2012, which the ICC states “suggests that the G-20 is responding to the calls of business but that renewed efforts and increased international cooperation will be required to achieve reform on major global challenges.”

Within the trade and investment area, the ICC rates as “poor” G-20 efforts to promote multilateral trade liberalization and rulemaking within the World Trade Organization (largely due to the ongoing impasse in the Doha Round negotiations) and roll back measures restricting trade and investment that have been imposed in the wake of the global economic downturn. However, efforts to finalize a WTO trade facilitation agreement, make trade and investment a permanent item on the agenda, and improve the international investment environment were deemed “fair.”

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