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World Export Development Forum

  • wedf16_

    WEDF 2016 – Trade for Success: Connect, Compete, Change

    12-13 October 2016, Colombo, Sri Lanka

    New realities for international business

    The consumers of tomorrow are shifting.

    By 2030, two thirds of the middle class will be in Asia, 14% in Europe, and 7% in North America, according to the Brookings Institution. Africa, too, is changing fast. The African Development Bank reports that Africa now has the fastest-growing middle class, with almost 35% of Africa’s population. This is double what it was less than 20 years ago.

    As a result, trade patterns continue to change. There are growing transactions within and between the South, such as between Asia and East Africa, and Latin America or between African countries themselves. This trade will continue to be anchored within regional and international value chains.

    The nature of the consumer is also transforming. Consumers increasingly emphasize quality, standards and labour and human rights in their purchases of goods and services. There is greater attention on transparency and traceability within value chains. The way that consumers purchase and consume goods and services is also changing, with technological innovations and falling transportation costs.

    The economic power of women and youth has yet to be tapped. This ‘third billion’ of women, including entrepreneurs and young consumers, are becoming viable economic actors in the new business reality.

    Trade and business policies must transform to meet these new realities. The continued dispersal of production, a focus on reducing non-tariff barriers to trade, and the implications of private standards will dominate the trade topography. The balancing act between the multilateral trading system and megaregional trade agreements will also define the landscape.

    Connect

    As megaregional agreements such as the Transatlantic Trade and Investment Partnership and the Trans-Pacific Partnership emerge, the voice of business is essential to shape competitiveness strategies. Trade facilitation and logistics remain key drivers of improved connectivity.

    Compete

    Digital technologies are reshaping how we trade, opening up new opportunities to compete in the global economy.

    Entreprises can reach new consumers around the world directly, and integrate more quickly and higher up the value chain, thanks to e-commerce and technologies such as 3D printing.

    Change

    Standards have become a gateway for businesses to enter international markets. Certification of standards and regulations may include technical specifications required by producers in the supply chain or health, social or environmental standards demanded by consumers or governments.

    Talk Business, Do Business

    B2B meetings will be facilitated in the following sectors: Information and Communications Technologies (ICTs); tourism; specialty food, including tea and spices; processed food; apparel; rubber and manufacturing.

    At WEDF 2015, organizations signed declarations of intent valued at US$ 80 million.

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  • WEDF 2016 Brochure

    wedf brochure16

  • STAY CONNECTED

  • contact us

    If you are interested in learning more about WEDF, please contact us at wedf[at]intracen.org