Trade News: Emerging Markets In The New Global Economy & New Opportunities For Exporting

From the ICTSD: International Centre for Trade and Sustainable Development: World Bank Launches Trade Strategy.  The new Trade Strategy outlined four pillars around which the Bank plans to structure its trade-related activities in light of this new trade environment. These priorities include: trade competitiveness and diversification, trade facilitation and trade finance to cut transport costs, support for market access, international trade co-operation for better integrated regional and global markets and managing external shocks.  Download the entire (PDF version) of the World Bank Study

From the World Bank: A new report Global Development Horizons 2011: Multipolarity – The New Global Economy is available for purchase. Transition to a new world order with more diffuse distribution of economic power is under way. This first edition of a new World Bank flagship report, Global Development Horizons 2011, focuses on three major international economic trends: the shift in the balance of global growth from developed to emerging economies, the rise of emerging-market firms as a force in global business, and the evolution of the international monetary system toward a multicurrency regime.

Emerging and developing countries accounted for 46 percent of international trade flows in 2010 up from 30 percent in 1995. Cross-border mergers and acquisitions originated by firms based in emerging markets represent nearly one-third of global M&A transactions. The risk of investing in emerging economies has declined dramatically, while emerging economies’ financial assets and wealth have expanded. Emerging and developing countries now hold three-fourth of all official foreign exchange reserves.

These trends are dramatically shaping the economic and commercial environment that you, as an international trade professsional, must navigate within.  Reading the news is stargazing.  Distilling and applying trade intelligence is Celestial Navigation.

New Markets Bring New Exporting Opportunities

From the European Commission on Trade: DO YOU WANT TO EXPORT WORLDWIDE? EU MARKET ACCESS STRATEGY. Beyond traditional import tariffs, European exporters often face difficulties regarding discriminatory or disproportionate regulations or standards. Removing these barriers is part of the EU’s strategy to boost exports and promote growth and jobs in Europe.  To make this happen, two instruments have been created under the Market Access Strategy: the Market Access Partnership and the Market Access Database. This is a good primer for the European Based Exporter.

From US DOC: Growing Exports with the New Market Exporter Initiative.  The National Association of Manufacturers (NAM) and the Department of Commerce are working together to achieve President Obama’s goal of doubling exports by 2014. The New Market Exporter Initiative (NMEI) will make it easier for manufacturers to identify new markets, find new customers for their products and grow their business.

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