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By Milton Churche and Michael Mugliston, visiting fellows, Institute for International Trade, University of Adelaide.
A key characteristic of the health and economic crises unleashed by Covid-19 is the very high degree of uncertainty over the course of the disease, the trajectory of the economic downturn and the roadmap for restoring sustained economic growth. Indexes measuring global policy uncertainty are showing unprecedented levels of uncertainty. The World Pandemics Uncertainty Index that measures economic uncertainty associated with pandemics and other disease outbreaks since 1996 is at record highs.
IIT hosted Professor James Bacchus, who currently serves as a Distinguished University Professor of Global Affairs and the Director of the Centre for Global Economic and Environmental Opportunity at the University of Central Florida. Prof Bacchus presented "Developments in the WTO Appellate Body"
IIT hosted a 2 day workshop to bring together a group of distinguished economists from CUFE and University of Adelaide to discuss their latest research on trade and development, with a focus on the emerging trend of trade and regionalism, dynamic labor market linkages in an open economy, trade impacts on environment, impact of FDI on domestic economy, and global value chains.
By Amitendu Palit, Senior Economic and Trade Policy Research Fellow at the Institute of South Asian Studies in the National University of Singapore.
Six months have passed since India decided to stay out of the Regional Comprehensive Economic Partnership (RCEP). With the rest of the RCEP members going ahead with the agreement and finalizing its text, India is unlikely to be a part of RCEP in the foreseeable future. This is notwithstanding the hint dropped by India’s external affairs minister Dr. S Jaishankar earlier in the year on India ‘rethinking’ the decision.
By Jaiwei Fu, IIT Visiting Researcher
On February 10, 2020, the U.S. Trade Representative published an updated version of the "List of Developing and Least Developed Countries under U.S. Countervailing Duty Law" (CVD) in the Federal Register. Twenty countries, including India, Indonesia, South Africa, and Thailand, had their status as developing countries removed.
Jean Monnet Network: Trade and Investment in Services Associates (TIISA) - Young Scholars Paper Award
The EU Jean Monnet Network; Trade & Investment in Services Associates (TIISA) is offering a Paper Award for a policy research paper on any topic related to international trade and investment in services. All research outputs must be delivered no later than 31 July 2021 and preferably sooner. Research outcomes are expected to be published in edited volumes and in peer-reviewed journals and disseminated to the broader public through the Jean Monnet TIISA Network Working Paper series located on tiisa.org.
"The impact of servicification on global supply chains in the ASEAN region: dynamics, restrictions, and policy implications"
An introductory on-line prelude to the 2020 TIISA Annual Conference “Servicification”. International trade in services, especially via exports from emerging markets, is increasingly being channelled through the embedding of services in the export of goods. These goods include intermediate products, which are elements of Global Value Chains (GVCs).
By Ziyaad Ebrahim, IIT PhD Candidate and Independent Trade and Development Consultant.
Africa is poised to be the next epicentre of the COVID-19 pandemic, according a report by the United Nations Economic Commission for Africa (UNECA). It suggests that in the best-case scenario, the virus would result in 300,000 deaths. At this stage, the mortality rate associated with the virus in the most affected regions is higher amongst the elderly population, whereas 60% of Africa’s population is below the age of 25.
26 May, Peter Horn (Austrade General Manager, Europe) and Alison Burrows (Chief Negotiator, EU-Australia FTA) spoke in a webinar on Europe and Australia: Seizing the opportunity for recovery and bounceback
Australia has acted with dismay to China’s decision to impose punitive mostly “anti-dumping” tariffs of 80.5% on imports of Australian barley. The culmination of an 18-month investigation, China’s move threatens to wipe out Australian barley exports to China, worth A$600 million in 2019, unless China withdraws the measure either unilaterally or following a successful challenge at the World Trade Organisation (WTO). However poorly justified, there are precedents for what China has done, many of them from Australia.
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