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Development at the local level & the domestic enabling environment for trade

The Addis Agenda acknowledges the importance of policy coherence on trade at all levels for maximizing trade’s contribution to sustainable development. At the national level, it asserts the importance to strengthen domestic enabling environments and implement policies conducive to increasing trade’s contribution to inclusive growth and sustainable development. The commitment calls for policy actions that are complementary to trade policy changes, with a view to supporting households and businesses to capture economic opportunities arising from trade. Domains for such complementary actions would include, but are not limited to, connectivity to markets, access to trade finance, entrepreneurship development and competition policy. Improving domestic investment climate and policies and regulatory frameworks to better align business and finance with global goals, encouraging quality direct investment/FDI, particularly in underfunded sectors and countries are of particular importance. The exact nature of the domestic enabling environment and the choice of domestic policies for this purpose must be specific to each country’s economic and developmental conditions. Moreover, creating the enabling environment also depends on policies in other areas and how they are mutually supportive with trade policies.

 

In particular, providing comprehensive statistical information on trade’s contribution to the SDGs at the national level could help each country identify the areas where such complementary policy actions are needed.