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Think20 Policy Brief: Impact of Digital Technologies and the Fourth Industrial Revolution on Trade in Services
Friday 18 September 2020 marked the beginning of the T20 Summit Season, celebrated the work of T20 Task Force 1: Trade, Investment and Growth.
Jane Drake-Brockman Institute for International Trade, The University of Adelaide coordinated and presented TIISA Policy Brief 4: Impact of Digital Technologies and The Fourth Industrial Revolution on Trade in Services
Geneva Trade Week 2020 is a digital conference organized by the Geneva Trade Platform and running from Friday the 25th of September through to Friday the 2nd of October.
Taking place in the week of the now cancelled WTO Public Forum, Geneva Trade Week brings together policymakers, academics, experts, the private sector and passionate activists to discuss trade, its impact, and its connection to the most pressing issues of our time.
IIT hosted an online discussion on potential benefits of an Australia-UK free trade agreement with Elisabeth Bowes, Chief Negotiator, Regional Trade Agreements Division, Department of Foreign Affairs and Trade (DFAT), and Vivien Life, Director Asia and Australasia Negotiations within the UK Department for International Trade. The two negotiators emphasized the like-mindedness of the UK and Australia when it came to international trade, implying that an agreement could be reached speedily.
Chenye Zhang, IIT Visiting Researcher and PhD Candidate at the University for International Business and Economics.
A Chinese perspective: In November 2013 BIT negotiations between China and the EU officially commenced. The goal was to reach a high-level agreement covering investment protection and market access. At the China-EU Summit in 2019, both parties reached consensus on achieving a high-level BIT by the end of 2020. Although the COVID-19 pandemic has caused difficulties, China and the EU have been actively pushing the negotiations forward.
THINK20 Policy Brief: Impact of Digital Technologies and the Fourth Industrial Revolution on Trade in Services
15 co-authors (8 from the TIISA Network, including coordinating lead Professor Drake-Brockman), offer recommendations to G20 Leaders to start shaping a trade policy agenda for a digital future. Digital technologies are putting trade in services on a stronger relative growth path than trade in goods. Digital enablement of services depends on inputs of cross-border data flows. For every nation to reap the benefits of the fourth industrial revolution, sustained openness to international services trade, investment, and data flows is essential.
The Jean Monnet TIISA Network invites submissions for the 2020 Conference. In line with the Network’s interdisciplinary character, this includes papers in the fields of law, political science, business & economics. Working together, IIT and UIBE aim to provide a safe and accessible way for the Jean Monnet Network on Trade & Investment in Services to come together as a Research Network in Annual Conference format during 2020.
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.
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).
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).
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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