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COVID-19 provides a rare chance for Australia to set itself apart from other regional powers. It can create a Pacific ‘bubble’
Peter Draper Executive Director: Institute for International Trade, University of Adelaide and Jim Redden Senior Lecturer & Visiting Fellow, Institute for International Trade, University of Adelaide.
For a short time Australia has an unrivalled opportunity to set itself apart from donors to the Pacific including China, Japan and the European Union. As Victoria’s current COVID-19 spike shows, it will take Australia some time to open its borders to the world and allow residents to travel wherever they like. But there’s no reason why it shouldn’t open its borders to some parts of the world sooner than others, especially those in which it has a special interest and in which the spread of coronavirus is slowing.
By Dessie Tarko Ambaw, Postdoctoral Researcher, Institute for International Trade
Africa has experienced strong economic growth since the turn of the century, averaging 4.6% per annum. Yet achieving inclusive growth and structural transformation continue to be pressing challenges. Africa is the only continent where the number of poor people is still increasing.
By Richard Pomfret, Professor of Economics & Jean Monnet Chair Economics of European Integration, the University of Adelaide
A trade agreement between the UK and EU27 looks in trouble. The UK left the EU on 31 January. 2020 is the transition year when the Withdrawal Agreement is implemented and the UK and EU reach agreement on their future relations. Distracted by COVID, some people, e.g. Irish deputy PM Simon Coveney, argue that this timeframe for reaching agreement in future relations is too short, while UK negotiators insist that the deadline is non-negotiable.
(AECT) IIT launched its latest report, Building Trade Integration Dynamics in the Indian Ocean Rim Association: A Technical Analysis, and engaged in an interactive discussion with the Department of Foreign Affairs and Trade (DFAT) and the Australian Chamber of Commerce and Industry (ACCI) on the evolution of trade, investment and regional integration amongst IORA member states since 1997, and the strategic opportunities to enhance trade across the region in a post-COVID-19 world.
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.
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