Friday, 20 April 2012

World Input-Output Database to help trade analysts have a better view

According to recent updates, the European Commission held a high level conference this week to mark the launch of the new "World Input-Output Database". This new database, which allows trade analysts to have a better view on the global value chains created by world trade, reveals the value added embodied in goods and services as they are traded internationally.
It  covers 27 EU countries and 13 other major countries in the world for the period from 1995 to 2009. The project is funded by the European Commission, Research Directorate General as part of the 7th Framework Programme.

Source: European Commission