A group of University of Adelaide students are currently on a two-week study tour as part of their course on Australia-EU relations, being led by Prof Richard Pomfret. Week 1 - Paris, Week 2 - Brussels
Classes are being led by academic staff from our partner institutions, Queen Mary University (University of London Institute in Paris branch) and by KU Leuven (Brussels campus).
China has tabled two formal documents on World Trade Organization (WTO) reform, these being the Position Paper on WTO Reform of November 2018 and the Proposal of China on WTO Reform of May 2019.
Four aspects are highlighted here.
1. China wants a WTO “improvement”, not a WTO “revolution”.
For the Chinese government the WTO remains the “cornerstone” of economic globalization and trade liberalization, and the “pillar of global economic governance”. The Communist Party recognizes that the WTO “is not perfect” and needs to be “improved” in key areas. However, China does not want this “reform” to be revolutionary to the extent that changes would undermine the long-standing principles of the organization, such as non-discrimination, consensus decision-making, or special and differential development.
On 19 November Richard Pomfret participated in the event “Looking for the Origins” at the Italian Ambassador’s Residence in Canberra. In conjunction with the geographical indications topic in the currently under negotiation Australia-EU trade agreement, the event featured participants from the scientific, police enforcement and diplomatic communities.
Richard Pomfret has been appointed an external Fellow of the Center for Social and Economic Research (CASE) in Warsaw for 2019-21.
CASE has been ranked the number one think tank in Central and Eastern Europe, according to the Global Think Tank Report of the University of Pennsylvania (April 2019, p. 94).
Anabel Gonzalez -Independent consultant on Trade and Investment. With trade conflicts, new technologies and geopolitical competition reshaping the global economy, the trade and investment policy landscape is rapidly changing. While different scenarios are playing out, managed trade is gaining traction, rules are increasingly fragmented in competing spheres of influence and global trade governance is weakening. The World Trade Organization (WTO) is under strain and the business environment is more uncertain, volatile and increasingly power-driven than before.
On 22 October IIT staff and students participated in the launch of World in a Box by Minister for Trade Tourism and Investment, Senator The Hon Simon Birmingham at the University of Adelaide. The short film commissioned by the Department of Foreign Affairs and Trade celebrates the 50th anniversary of the first international container ship in Australian ports. The Minister was welcomed by Executive Dean of the Faculty of Professions, Professor John Williams. The audience contained DFAT officials and representatives from Australian ports and exporters as well as from Maersk, the world’s largest container shipping line.
On 22 October IIT staff and students and Centre of Excellence Director Richard Pomfret participated in the launch of World in a Box by by Minister for Trade Tourism and Investment, Senator The Hon Simon Birmingham at the University of Adelaide. The short film commissioned by the Department of Foreign Affairs and Trade celebrates the 50th anniversary of the first international container ship in Australian ports. The Minister was welcomed by Executive Dean of the Faculty of Professions, Professor John Williams. The audience contained DFAT officials and representatives from Australian ports and exporters as well as from Maersk, the world’s largest container shipping line.
The Trade and Investment in Services Associates (TIISA) network held its first annual conference at the World Trade Institute at the University of Bern in Switzerland on 20-21 September. Researchers from six of the partner institutions presented papers around the theme Trade in Services by Mode of Supply. The conference also included papers from staff of the WTO, the OECD and the US Federal Reserve highlighting major new advances in data on services trade as well as services research from those institutions.
Hosted by the Jean Monnet Centre of Excellence, on 13 September 2019. Participants investigated why the time is opportune by examining the evolution of EU and Australian trade policies and situating this evolution in the twenty-first century world trading system. Background papers were presented by Philomena Murray (University of Melbourne), Lucian Cernat (EU Chief Trade Economist), Richard Pomfret (Director, CoE) and Michael Plummer (Director, The Johns Hopkins University SAIS Europe, Bologna).
By Professor Andreas Freytag
FSU Jena, University of Stellenbosch, CESifo Research Network, and STIAS
September 13th, 2019
Since his inauguration in late July 2019, Prime Minister Boris Johnson has not missed a single opportunity to push himself into the international limelight and provoke controversial reactions in Britain and elsewhere. The tentative climax of the Johnson show was his forced prorogue of the British House of Commons a few weeks before Britain's final exit from the European Union (EU).