A new report from the Global Alliance for Trade Facilitation — a public-private partnership comprising ICC, the World Economic Forum and the Center for International Public Enterprise — looks at how better trade facilitation can improve inclusive economic development.
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Inflows of foreign direct investment are likely to exceed $1,000 billion this year compared with last year's figure of $865 billion, the United Nations Conference on Trade and Development reports. This compares with only $58 billion as recently as 1982.
An OECD study "Strengthening the multilateral system" notes that trade and foreign direct investment are major engines of growth in developed and developing countries alike.
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