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Industrial Subsidies, State-Owned Enterprises and WTO Reform: Prospects for Cooperation?

Industrial Complex

Dr Naoise McDonagh, Lecturer in Political Economy, Institute for International Trade, University of Adelaide and Professor Peter Draper, Executive Director, Institute for International Trade, The University of Adelaide. 
The role of the state and market-distorting state intervention in the global economy have come increasingly to the fore in recent times, in large part as reaction to China’s rise to becoming the second largest world economy, and a direct competitor with developed economies across many sectors. 

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Resilient Teams for Trade

Teams

Lisa Hunt, Business Manager, Institute for International Trade, The University of Adelaide and Professor Peter Draper, Executive Director, Institute for International Trade, The University of Adelaide. 
Over the past four months COVID-19 has exacerbated existing trade and geopolitical tensions, fuelled scepticism about the benefits of globalisation and seen already high-levels of economic uncertainty rise. As governments across the globe respond to protect their citizens lives and livelihoods, the resulting restrictions on the movement of people, capital, goods and services across borders has proven catastrophic for many businesses working in Global Value Chains (GVCs).

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Australia-Singapore Digital Trade Agreement: Setting new benchmarks in Trade Governance

Digital Economy

Jane Drake-Brockman, Industry Professor, Institute for International Trade, The University of Adelaide.
Australia has achieved its most comprehensive deal on digital trade. The government has put down clear markers for other bilateral and regional trade negotiations, including with the EU; and taken a global leadership role, along with Singapore, in signalling vital directions for the WTO negotiations on Electronic Commerce (e-commerce).

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Prospects for Australian free trade with a post-brexit United Kingdom

Shipping

Andrew Stoler, former WTO Deputy Director-General; former Office of the United States Trade Representative senior trade negotiator; and former Executive Director of Institute for International Trade.
Now that the United Kingdom (UK) is once again pursuing an international trade policy independently of its previous membership in the European Union (EU), the UK Government has made clear that it intends to pursue free trade agreements (FTAs) with “Anglosphere” countries (United States, Canada, Australia and New Zealand).

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What can Australia gain from agricultural subsidy reform?

Crop Harvesting

Kym Anderson, George Gollin Professor Emeritus, School of Economics, University of Adelaide; CEPR Fellow; and Honorary Professor of Economics, Arndt-Corden Dept of Economics, Australian National University.
Even though
research earlier this century suggested market access barriers were far more important than domestic subsidies in restricting global farm trade, new analysis suggests farm subsidies have become far more important in recent years.

[Read more about What can Australia gain from agricultural subsidy reform?]

From recovery to continued prosperity: What lessons from COVID-19?

PB07 Covid19 lessons

Professor Peter Draper - Executive Director Institute for International Trade; Simon Lacey - Senior Lecturer Institute for International Trade, Mike Humphrey - Senior Trade Advisor Institute for International Trade; Dr Naoise McDonagh Lecturer Institute for International Trade. 
This policy brief was originally drafted as a submission to an Australian parliamentary inquiry seeking input from Australian firms and individuals on policy solutions across a broad range of areas as Australia continues to ride out the storm wreaked by the global pandemic COVID-19. It begins by exhorting Australia’s political leaders to recognize both the extreme severity of the socio-economic challenges the country faces at this time, but also the unique opportunity these challenges present for visionary leadership and positive change, the effects of which will define Australia for future generations.  

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Research Grants Round 1 – Announcement of Successful Applications

Jean Monnet Network: Trade & Investment in Services Associates (TIISA)
Research Grants Round 1 – Announcement of Successful Applications

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The “German” debate on supply chain ethics: assessing the role for businesses in human rights enforcement

Reichtag Building

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena, and Dr Naoise McDonagh, Lecturer in Political Economy, Institute for International Trade, University of Adelaide.
International supply chains have become a topic of fierce debate in Germany over the past weeks, and perhaps surprisingly not for pandemic-related issues. Proposed new laws requiring due diligence by firms to prevent human rights violations in their supply chains sparked controversy over the degree of responsibility firms can realistically be expected to bear, and how they may enforce this obligation.

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The Perfect Storm: Interventionism, Inequality, Decoupling and Zombies

storm clouds

Carlos A. Primo Braga, Associate Professor, Fundação Dom Cabral and former Director, Economic Policy and Debt, The World Bank.
Covid-19 already ranks among the most impactful pandemics of the last 100 years. Most governments have put their economies in a temporary “coma” with a view to mitigate the spread of the virus (SARS-CoV2). This inevitably increases the economic pain associated with the pandemic in the short run and generates pressures for a quick return to normality. Lessons from the past, however, suggest that the health crisis can go on for much longer than most politicians anticipate.

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Joining the WTO

UZBEKISTAN FLAG

Richard Pomfret presented a paper on Uzbekistan’s WTO accession in the series Virtual Seminars on Applied Economics and Policy Analysis in Central Asia. The paper tracks what will be the longest ever WTO accession negotiations and emphasizes the changing nature of membership commitments since the WTO was established in 1995.  

[Read more about Joining the WTO]

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