New guide to shaping trade policy agendas for women
(MENAFN – Caribbean News Global) By ITC News
GENEVA, Switzerland – A new report from the International Trade Center (ITC) shows policymakers how to unlock markets for women through inclusive trade policies. From Concept to Evaluation: Making Trade Policy Work for Women is the latest in a series of ITC trade policy publications focused on women.
Policymakers can use the guide to create inclusive policies in trade, industry or small business. It outlines the steps for using data that identifies opportunities in value chains, engages partners, implements policies and monitors their impact.
ITC has tested this approach in Bangladesh, Gambia, Ghana, Nigeria, Sierra Leone, Uganda and Zambia, among others. This resulted in revised laws and regulations, new policies and better data collection on women in business.
âGender equality is a force for change. Trade policies are starting to reflect this, âsaid ITC Executive Director Pamela Coke-Hamilton. âThe challenge for many governments is to translate political will into practical policies and interventions that match their country’s priorities and specificities.
Support the Buenos Aires Declaration
Since the launch of the Buenos Aires Declaration on Women and Trade at the World Trade Organization (WTO) Ministerial Conference in 2017, 127 countries have endorsed it. In 2020, governments shared their ideas for continuing to move forward, exemplified in the implementation of the Buenos Aires Declaration.
Progress on women and trade will also likely be on the agenda for the next WTO ministerial meeting, which runs from November 30 to December 3.
This guide can support these discussions by helping governments focus on specific reforms to empower women in commerce, as well as accompanying national policies.
Many WTO Members who express an interest in taking further domestic action want to know how to get there. This guide helps them do that, by providing a decision tree to identify where they are in the policy-making process, followed by steps towards better trade policies. Each step includes a mini toolkit, questionnaires and tips for leveraging trade policies, identifying opportunities in value chains, designing and implementing action plans, and monitoring and evaluating impact.
It also encourages governments to use public and private markets to accelerate women’s economic empowerment, improve policies for women in trade support institutions and design support programs for small businesses.
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