Navigating the Shifting Currents of Global Trade: SA Business Chamber's Business Talk

Professor Peter Draper recently spoke at the South Australian Business Chamber’s “Business Talk,” highlighting key trends shaping international trade.

Prof Peter Drapers presentation:

• Neomercantilism: Exploring how national wealth and power might overshadow global cooperation.
• Global Trade Disruptions: Examining volatility spurred by COVID-19, geopolitical tensions, and protectionist policies since the 2008 GFC.
• Potential US Exit from the WTO: Assessing the implications of broad tariff increases, especially given Australia’s significant ties to China.
• Growth Sectors: Emphasizing opportunities in green transition (critical minerals), digital and AI, and defence, with particular promise in Southeast Asia and India.

Despite growing uncertainty, Professor Draper highlighted the potential for innovation, agility, and strategic foresight—essentials for businesses adapting to a rapidly evolving global landscape.