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Ken Ash, Visiting Fellow, Institute for International Trade and formerly Director of Trade and Agriculture at the OECD. Is the high point in multilateral trade relations already 30 years in the past? Are notions of international cooperation and mutual benefit relics of an earlier time? Hopefully not, there is still much more to play for. Amidst the visible geopolitical tensions, and what often looks like a blurring of trade, economic, climate, and security interests, there are some encouraging signs recently. This brief considers prior developments that helped shape the nature of the trade policy debate today, offers an admittedly optimistic assessment of a renewed interest by G7 members in international cooperation, and highlights immediate priorities for action by G7 Trade Ministers
Recently the IPEF’s Pillar 2 text on Supply Chains was released. But what is IPEF, and what does it mean for Australia? In this paper, published by the Konrad Adenauer Stiftung (Tokyo) and NUS’s Institute for South Asian Studies, IIT Executive Director Professor Peter Draper canvasses the issues.
International Trade (IIT) and the Australian Centre for International Trade and Investment (ACITI) are pleased to announce the launch of our Podcast Trade Policy Decoded – a podcast that shines a light on what’s happening in trade policy in Australia and around the world.
Prof. Dr. Stefan Liebing is CEO and owner of Conjuncta GmbH, Prof. Dr. Andreas Freytag is Professor at the Friedrich Schiller University Jena
Russia’s invasion of Ukraine sharply escalated the incipient global contest for influence between the West and authoritarian powers. Africa, historically a stronghold of European influence, is one arena. Why aren’t African leaders supporting the international rule of law by moving to isolate Russia? In this article the authors argue that Europe needs to de-emphasise values and do more to elevate African trade and investment needs to the top of their engagement with Africa.
Mike Adams former Department of Foreign Affairs and Trade (DFAT) economist, Ron Wickes former Director of the Trade Analysis Section of DFAT consider recent analyses of the costs of Chinese economic coercion to Australian exports. Whereas some argue those were relatively minor and easily absorbed, in their view the costs have been substantially higher than hitherto appreciated. Understanding the true costs has important implications for calibrating bilateral trade strategy towards China.
30 June, 2023. The Jean Monnet Centre of Excellence hosted its inaugural seminar on Sustainability in European Union Trade Policy. The EU’s trade policy sets out to support a transformation of its economy and help foster global sustainable development. This can substantially influence global trade and investment and serve as an instrument to attain climate neutrality.
The Jean Monnet Centre of Excellence invites you to its inaugural seminar on Sustainability in European Union Trade Policy.
The EU’s trade policy sets out to support a transformation of its economy and help foster global sustainable development. This can substantially influence global trade and investment and serve as an instrument to attain climate neutrality.
Carbon Tax Creep Beyond Industrial Goods: Challenges and Risks for Extending Coverage to Agriculture
Tim Ryan is completing a Masters in International Trade and Development at the University of Adelaide, and is Manager of Global Trade Development at Meat & Livestock Australia.
Governments around the world are implementing emissions reduction policies to mitigate the impact of global warming, however the application of climate policies will occur at different speeds and depth due to varying levels of development and degrees of ambition. There are inherent dangers from unilateral expansion of carbon tax regimes, not least protectionism, hence this brief argue for a cautious and multilateral approach to carbon taxation.
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Contrary to some prior research findings, the economic costs to Australia of China’s economic coercion are high. Unfortunately, while the bilateral mood music is improving resetting relations may not be possible, nor likely, as both countries pursue economic diversification from the other. Yet there is much to be gained from a calibrated shift in trade and investment relations, notwithstanding the hostile geopolitical environment. Australia needs to establish a 10-15 years strategy for where it wants the relationship to be, and like every other country in the region, negotiate its differences with China.
Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena, and Visiting Professor with IIT
The German law on corporate due diligence in supply chains, also known as the Sustainable Supply Chain Law, has now been in force for four months. Similar laws in other countries have a longer history. Overall, efforts by Western lawmakers to regulate domestic companies and encourage, if not require, compliance with human rights, labour, and environmental standards along their entire value chain are picking up steam.
This work is licensed under Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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