Resilient and sustainable supply chains are a key trade policy issue and an important topic for the German G7 Presidency.
The COVID-19 pandemic has highlighted the vulnerability of supply chains and the necessity for diversification and resilience. Unilateral dependencies are also becoming an ever-increasing preoccupation of policy-makers and businesses, particularly in light of the current and unprecedented Russian aggression against the Ukraine.
At the same time, open markets and trade agreements increase diversification and resilience. They can contribute to the global green transition, for example by enabling access to resources for the energy transition. They can foster the diffusion of environmental innovations and underpin multilateral sustainability standards.
As part of our digital G7 event series with the German Federal Ministry for Economic Affairs and Climate Action (BMWK) we took an in-depth look at the issue and invited civil society to join the discussion.
In his opening statement, Dominik Schnichels (BMWK) highlighted key challenges for current trade policy, such as strengthening supply chains, making global trade greener and enhancing food security worldwide. Marion Jansen (OECD) presented OECD analysis on how the war in Ukraine impacts international supply chains. Axel Berger (DIE), Bernd Lange (Member of the European Parliament) and Wolfgang Niedermark (BDI) then discussed possible ways forward. The event was moderated by Nicola Brandt (OECD Berlin Centre).
Recording
Presentation by Marion Jansen
Further Reading
Lieferketten unter Druck. Schlaglichter der Wirtschaftspolitik BMWK (Mai 2022)
International trade during the COVID-19 pandemic: Big shifts and uncertainty. OECD-Themenpapier (10. März 2022)
Economic and Social Impacts and Policy Implications of the War in Ukraine. OECD-Themenseite (März 2022)
Sustainable and Resilient Agricultural Value Chains: Addressing Multiple Vulnerabilities with a new Partnership Approach. Think7-Bericht (März 2022)
The effect of climate policy on innovation and economic performance along the supply chain. OECD-Themenpapier (15. Februar 2022).
Angebotsengpässe und Störungen der globalen Lieferketten. BDI-Bericht (Januar 2022)