WEF: Supply chain barriers more important than tariff barriers

Monday, January 28, 2013

Supply chain barriers are far more serious threats to world trade than tariff barriers, according to a report released last week by the World Economic Forum (WEF). The report, Enabling Trade Valuing Growth Opportunities , found that reducing supply chain barriers to trade could increase global GDP up to six-times higher than removing tariffs. The report offered that supply chain barriers have been under-managed by both countries and companies. “If every country improv...

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