News: World Trade System

Women in International Trade, enabling world economies for gender equality

gender equality

Adriana Espejo Sanchez - Ph.D. Candidate: Institute for International Trade, University of Adelaide
Celebrating women’s achievements globally during International Women’s Day 2020 provides an opportune time to reflect not only on the critical role women play in society, but also to consider what actions are still required on the road to gender parity..

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The UK after Brexit

Brexit

Richard Pomfret - Professor of Economics & Jean Monnet Chair Economics of European Integration, The University of Adelaide
On 31 January 2020 Britons celebrated or mourned the UK’s departure from the European Union.  Brexit will be followed by a transition period until the end of the current EU budget cycle on 31 December 2020.  During the transition, the UK will continue to adhere to EU rules while managing the practicalities of Brexit. 

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Trade and Investment in Services: An urgent Agenda

17 February 2020 - IIT staff and Ph.D. Students attended the seminar "Trade and Investment in Services: An urgent Agenda” presented by Hein Roelfsema, IIT's visiting Associate Professor for International Economics.

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The Australia-European Union Free Trade Agreement: Boosting Australian Innovation and Services Exports.

21 February 2020, the Centre of Excellence and the Trade and Investment in Services Associates (TIISA) network co-hosted with the Australian Institute for International Affairs a Policy Round Table on The Australia-European Union Free Trade Agreement: Boosting Australian Innovation and Services Exports.
The Round Table centred on presentations by Jan Hutton, Deputy Chief Australian Negotiator in the FTA negotiations, and TIISA fellow Hein Roelfsema from the University of Utrecht (Netherlands) and a contribution by Cornelis Keijzer  from the EU negotiating team.  The lively Q&A were led by Jane Drake-Brockman (TIISA Coordinator) and Richard Pomfret (Centre of Excellence Director). 
The event, held at the Science Exchange in Adelaide, attracted an audience of around seventy people.

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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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