|IMPACTING TRADE POLICY|
Aruba, March 13, 2015 - ITC’s Business for Trade Policy programme aims to ensure that when governments are developing trade policies, they hear the private sector point of view. ITC partners with trade support institutions (TSIs) and policy-makers to integrate the business dimension into trade policy development.
Developing a national trade policy is a complex process. It requires decisions involving various levels of the government, companies and business associations, consumer organizations, trade unions and other members of civil society. Dozens of legislative initiatives are required to manage the entire process. Business advocacy can influence such negotiations and help to reach “balanced” trade policy decisions. ITC works with the main parties who have a stake in trade policy development to help achieve the best results. This is done through personalized relationships with business, trade support institutions and policy makers in countries.
The greater the role of the state, the less market oriented the economy and the less business interests are likely to be consulted. The degree of business involvement also depends on the country’s administrative culture and the style of political decision-making. As economies open up and political systems become more pluralistic, business interests will usually have greater incentives and opportunities to express their views.
ITC encourages trade support institutions to become actively involved in consultations, and encourages policy-makers to engage in a two-way dialogue.