Explainer: What is OPEC? - The World Economic Forum
2022年11月11日 · Another 10 major oil producing countries including Russia have aligned with the group to form an alliance known as OPEC+. OPEC produces about 40% of the world’s crude oil and its members’ exports make up around 60% of global petroleum trade. The group aims to regulate global oil prices by coordinating on reductions or increases in production.
Organization of the Petroleum Exporting Countries (OPEC)
Founded in 1960, the Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization with a mission to coordinate and unify the petroleum policies of member countries and ensure the stabilization of oil prices in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a …
What is ASEAN? | World Economic Forum
2017年5月9日 · The Association of Southeast Asian Nations (more commonly known as ASEAN) is an intergovernmental organization aimed primarily at promoting economic growth and regional stability among its members. There are currently 10 member states: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia and Vietnam.
The world’s free trade areas - The World Economic Forum
2016年5月6日 · Free trade between the three member nations, Canada, the US and Mexico, has been in place since January 1994. Although tariffs weren’t fully abolished until 2008, by 2014 total trilateral merchandise trade exceeded US$1.12 trillion. According to the US government, trade with Canada and Mexico supports more than 140,000 small and medium-size ...
Why oil prices matter to the global economy - an expert explains ...
2022年2月16日 · However, it is probably safe to say that there are three key underlying reasons: 1. Booming economic growth driving demand for oil. Two years ago when COVID-19 started, there was a plunge in economic activity and oil demand. Producers were adjusting production levels, but there is only so much one can do without destroying reservoirs or capital.
What is RCEP, the world’s biggest trade deal? - The World …
2021年5月18日 · RCEP is a big deal, literally and metaphorically. When it’s signed off, the Regional Comprehensive Economic Partnership will create a free trade zone covering about 30% of the world’s gross domestic product, trade and population. It also marks the first time Japan has had an agreement with China and with South Korea.
What you need to know to understand Belt and Road
2018年12月7日 · Bruno Maçães. There are two things everyone needs to know about the Belt and Road. First, as officials in Beijing will tell you, this grand project is measured in decades, with its conclusion planned for 2049, the centenary of the founding of the People’s Republic of China. Second, the initiative is both global and revolutionary.
What is the G20 and why does it matter? | World Economic Forum
2024年11月15日 · The G20 is a forum of the largest economies in the world that meets regularly to discuss the most pressing issues facing the global economy. Together, the G20 accounts for around 85% of world GDP, a percentage that has grown in the past 20 years, more than 75% of global trade and around two-thirds of the population of the planet.
Our Mission | World Economic Forum
The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress. In a world marked by complex challenges, the World Economic Forum engages ...
The World Trade Organization. Here's what it actually does
The WTO’s main aim is to promote free trade by lowering tariffs and other barriers. It does this through agreements negotiated and signed by most of the world’s trading nations. The WTO then polices these agreements to make sure all nations stick to the rules. When trade disputes between governments flare up, it steps in as mediator and, if ...