News: Preferential Trade Agreements
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.
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.
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).
Keith Wilson, Senior International Trade Law Counsellor, Institute of International Trade
Contributions at the third Global Solutions Summit (www.global-solutions.international) addressed the full spectrum of challenges in a period of major change – and a looming sense of crisis – in the international political, economic and social order. These were the four key priorities I took away from the 2019 Summit held in Berlin, Germany from 18-19 March 2019, in support of the Japanese Presidency of the G20/T20. The Think 20 (T20) will be held in May, leading up to the G20 itself in Osaka in June 2019.
Steve Woolcock, London School of Economics
Today there are more doubts that transatlantic cooperation is in the mutual interest of the US and EU than at any time since the creation of the GATT. First, the US Administration is pursuing a purely value-claiming (“I win you lose”) trade strategy vis–a– vis the EU (and other countries) when the norm has been value creating or “win-win”.