News: World Trade System

A Phase One Deal, but for what purpose?

US China Trade War

Naoise McDonagh - Lecturer, Institute for International Trade, University of Adelaide
What does the Phase One trade deal between the U.S. and China indicate for the wider trade conflict between the two countries? To answer that question requires analysis of the deal’s specifics in the broader context of the trade conflict and its underlying causes.

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Industrial subsidies

PBO5 Industrial Subsidies

Weinian Hu - Research Fellow at Centre for European Policy Studies, Belgium.
Industrial subsidisation is an area identified for WTO rule-strengthening by the European Union (EU) and the Trilateral Trade Ministerial Cooperation (hereafter Trilateral Cooperation). The aim is to curb certain trade practices spearheaded by China’s state-owned enterprises (SOEs), which allegedly engender over-capacity, distort markets and undermine the effectiveness of the WTO Agreement on Subsidies and Countervailing Measures (ASCM). The obligations of transparency and notification prescribed by the ASCM require strengthening, too.

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Failure of strategic trade diplomacy

Failure of strategic trade diplomacy

Naoise McDonagh - Lecturer, Institute for International Trade, University of Adelaide
In June 2019 a free trade agreement (FTA) two decades in the making was struck between the EU and the South American customs union Mercosur (currently comprising Argentina, Brazil, Paraguay and Uruguay). 

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Study tour - strategy of Australia & EU Integration III

OECD - Paris

A group of University of Adelaide students are currently on a two-week study tour as part of their course on Australia-EU relations, being led by Prof Richard Pomfret.

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China’s Perspectives on WTO Reform

China WTO

Professor Xiankun LU - China Institute for WTO Studies, University of International Business and Economics
China has tabled two formal documents on World Trade Organization (WTO) reform, these being the Position Paper on WTO Reform of November 2018 and the Proposal of China on WTO Reform of May 2019. Four aspects are highlighted in this article.

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Global Trading System

PB AGonzalez

Anabel Gonzalez - Independent consultant on Trade and Investment.
With trade conflicts, new technologies and geopolitical competition reshaping the global economy, the trade and investment policy landscape is rapidly changing. While different scenarios are playing out, managed trade is gaining traction, rules are increasingly fragmented in competing spheres of influence and global trade governance is weakening. The World Trade Organization (WTO) is under strain and the business environment is more uncertain, volatile and increasingly power-driven than before. 

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World In a Box - 50 years of containerization in Australia

World In a Box Video Launch 1

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. 

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Trade and Investment in Services Associates (TIISA) Network

The Trade and Investment in Services Associates (TIISA) network held its first annual conference at the World Trade Institute at the University of Bern in Switzerland on 20-21 September.  Researchers from six of the partner institutions  presented papers around the theme Trade in Services by Mode of Supply.  The conference also included papers from staff of the WTO, the OECD and the US Federal Reserve highlighting major new advances in data on services trade as well as services research from those institutions.

[Read more about Trade and Investment in Services Associates (TIISA) Network]

The Second Adelaide-Bologna Dialogue on Australia-EU Relations

AUEUGroup

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.

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Does Mr Johnson have a Brexit-Strategy?

brexit blog

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).

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