CGD in the News

Opaque Swiss commodities trade could be costing poor countries billions - study (Thomson Reuters)

January 24, 2014

From the Article:

Developing countries may be losing between $8 billion and $120 billion a year due to the mispricing of commodities in the key trading hub of Switzerland, although the opacity of Swiss commodities trading prevents a clearer understanding of the picture, according to a new study.

The study by the Centre for Global Development analysed 244 jurisdictions and 2,596 commodity categories and found that the average price of commodity exports to Switzerland are lower than they are to other jurisdictions and that Switzerland declares higher re-export prices for those commodities than do other jurisdictions.

Read it here