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Andrew Stoler, former WTO Deputy Director-General; former Office of the United States Trade Representative senior trade negotiator.
“Joint Statement Initiatives” (JSIs) are today seen by many governments as crucial to making trade progress, given some WTO Members opposition to further liberalization and rulemaking on a multilateral basis. Two governments that have actively worked to stymie progress, India and South Africa, are currently challenging the legality of JSIs within the multilateral system of the WTO in a new bid to prevent other WTO Members from moving forward on the trade front.
Thursday 6 May, 2021
Over 140 participants from around the globe joined leading experts for an interactive and topical webinar discussing the WTO Joint Initiative on Services Domestic Regulation, hosted by the Institute for International Trade. A large high level panel, lead by key note speaker Jaime Coghi Arias - co-ordinator of the Joint Initiative spelled out the benefits of the potential Agreement
Wednesday 5 May, 2021.
Under the Trump administration U.S. trade policy took a decidedly unilateralist turn, which had significant negative effects for multilateralism, referring to cooperation between nations in a rules-based world trading system. IIT’s Executive Director Professor Peter Draper provides probing moderation to draw out the key insights, in a must-watch conversation on U.S. trade policy.
Markus Jelitto is Counsellor at the Services Trade Division, WTO Secretariat, Geneva.
Services Trade has been growing continuously over the past three decades and was worth USD 13.3 trillion in 2017. Services value added accounts for almost half of all world trade (goods and services combined). Despite these impressive figures, the 2019 WTO World Trade Report finds that costs of trading services are about twice as high as trade cost for goods. A significant portion of these costs are attributable to regulatory divergence, as well as opaque regulations and cumbersome procedures. Through the development of disciplines on services domestic regulation, a group of currently 63 WTO members has set out to address these cost factors.
Dr Lauren A. Johnston is Research Associate at SOAS China Institute, Visiting Senior Lecturer, Adelaide University Institute of International Trade and Founding Director, New South Economics.
Last month’s inaugural ‘Quad’ – Australia, India, Japan and USA – leaders’ call drew attention to Australia’s Indo-Pacific strategic re-positioning. The “Indo” of that debate has so far focused mainly on ties with Indian Ocean majors - Indonesia and India.
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