On 22 October IIT staff and students participated in the launch of World in a Box by Minister for Trade Tourism and Investment, Senator The Hon Simon Birmingham at the University of Adelaide. The short film commissioned by the Department of Foreign Affairs and Trade celebrates the 50th anniversary of the first international container ship in Australian ports. The Minister was welcomed by Executive Dean of the Faculty of Professions, Professor John Williams. The audience contained DFAT officials and representatives from Australian ports and exporters as well as from Maersk, the world’s largest container shipping line.
Hosted by the Jean Monnet Centre of Excellence, on 13 September 2019. Participants investigated why the time is opportune by examining the evolution of EU and Australian trade policies and situating this evolution in the twenty-first century world trading system. Background papers were presented by Philomena Murray (University of Melbourne), Lucian Cernat (EU Chief Trade Economist), Richard Pomfret (Director, CoE) and Michael Plummer (Director, The Johns Hopkins University SAIS Europe, Bologna).
By Professor Andreas Freytag
FSU Jena, University of Stellenbosch, CESifo Research Network, and STIAS
September 13th, 2019
Since his inauguration in late July 2019, Prime Minister Boris Johnson has not missed a single opportunity to push himself into the international limelight and provoke controversial reactions in Britain and elsewhere. The tentative climax of the Johnson show was his forced prorogue of the British House of Commons a few weeks before Britain's final exit from the European Union (EU).
Speaking at IIT's recent ‘Rethinking Trade Architecture’ conference held at The Intercontinental Hotel on 10 September, Deputy Director-General Alan Wolff reflected on the current challenges facing the world trading system and what the system might look like in the year 2050. He foresaw that the system will continue to be tested but it will endure and improvements will be made to make it “effective with respect to all aspects of global needs, not least economic development”. To read his full speech click here
Jim Redden Visiting Fellow Institute for International Trade
Over the three day review, I was involved in a significant number of the workshops and plenaries, and held meetings with donors and recipient partners of Aid for Trade (AfT) gaining insights into a range of themes and issues that have emerged as high priorities for the next 2-3 years. Below I have attempted to summarise a number of those priorities.
In a world of disruptors and “virtual” globalization, how should we prepare and respond to “future-proof” jobs and hard-won prosperity? Who will be the winners, and who the losers? What strategies may be implemented to harness the major economic forces shaping the global future, address a resultant rise in inequality, and populism, and focus on issues including the social value of work.
Dr Paula Zito, PhD, The University of Adelaide
This week in Brussels, Australia and the European Union (EU) embark on the fourth round of negotiations relating to the Australia-European Union Free Trade Agreement (AUSEUFTA). The preceding three rounds of negotiations have highlighted the importance of food Geographical Indication (GI) protection in trade relationships and negotiations and food GI protection has become a topical issue of the negotiations between Australia and the EU.
The Institute for International Trade hosted a visit and public lecture by Professor James Bacchus on 14 June 2019. Professor Bacchus 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. He was a founding member, and twice Chairman, of the Appellate Body of the WTO and served as a former member of the US House of Representatives.
Peter Draper, Executive Director, Institute for International Trade, University of Adelaide
How to make sense of recent manoeuvres amongst the major trading powers in relation to the WTO? The US is at the centre, so it is necessary to start there. Executive Director Professor Peter Draper reflects on these dynamics following recent travels to Tokyo, Geneva, and Florence.
The ’trade wars’ are firmly back in the spotlight. Regions and countries will be variously impacted as tensions and tariffs escalate. In this briefing for the Turkish Policy Quarterly Executive Director Professor Peter Draper analyses how Sub-Saharan Africa might be affected, and what remedial actions African leaders could pursue. For more context on one option, the Continental FTA, see his recent joint article in World Economics (subscription required).