ake up a relativelyof the world’s eFocusing largely on stand

ake up a relativelyof the world’s eFocusing largely on stand

 economy, Council of Foreign Relations staff members James McBride and

Andrew Chatzky wrote in a backgrounder published recently on the website of the US think tank.上海419论坛

While some are skeptical about the G20’s usefulness, they said, many上海419论坛

上海419论坛observers point out that its membership is more representative of the current internat

ional balance of power than other blocs formed earlier like the G7, which came into being in 1976.上海419论坛

The G20 initially focused on broad macroeconomic policy, but ha

s expanded its ambit, McBride and Chatzky wrote. Last year’s summit in Argentina focused on f

air and sustainable development, while the previous one in Germany addressed issues including corruption, mon上海419论坛品茶微信

ey laundering, and international tax havens. At the 2016 summit in China, President Xi Jinping and US President Ba

rack Obama formally announced their countries’ accession to the Paris 上海419论坛品茶微信Agreement on combating climate change.

As part of the preparations for the Osaka G20 summit, the world’s leading think tanks上海419论坛品茶微信

Focusing largely on standards and regulations, both crucial to a firm’s generic value chain, the report found however that when authorities take steps to reduce compliance costs, the competitiveness of SMEs is greatly improved.

It also underlined an important shift which is seeing more and more developing countries setting voluntary sustainability standards (known as VSS, these are set by businesses and NGOs) which govern international trade together with public standards and regulations.

Findings show that while 75 percent of VSS originate in countries belonging to the Organisation for Economic Cooperation

and Development, over a third of new voluntary standards are thought up in developing countries, up from eight percent in 1990.

The outlook also outlined that many regions across the world can increase their export potential “by directing regulatory efforts to boost SME competitiveness.”

In the Middle East and North Africa region for example, researchers found there is large untapped export opportunity in the fresh and processed food sec

tor, while metal and basic manufacturing represent 28.4 percent of Eastern Europe and Central Asia’s unexploited export potential.

In China, ITC estimated that telephone sets have an unrealized export potential of more than $100 billion, while other prod

ucts including automatic data processing machines and parts and accessories for printers also have potential.

held a meeting in Tokyo on May 26-27 to work out policy recommendations for the leaders.

newbalancestore.cn