By Visiting Fellow Milton Churche. Milton Churche left the Australian Department of Foreign Affairs and Trade in 2018 after working on trade policy since 1987. The Trump administration has called into question the value of trade agreements, including of the World Trade Organization
(WTO), abused the concept of national security to justify openly trade protectionist actions, invoked “trade wars” as legitimate policy tools to advance national objectives, and moved in the direction of managed trade. Would a Biden presidency bring a decisive change in direction on US trade policy?
By Richard Pomfret, Professor of Economics & Jean Monnet Chair Economics of European Integration, the University of Adelaide. Until 1989 the eastern border of the EU was set by the Cold War. Since the end of Communism in Eastern Europe in 1989 and the dissolution of the Soviet Union in 1991, sixteen countries have joined the EU and the border has shifted many hundreds of kilometres to the east. Apart from the three Baltic countries, the EU’s eastern frontier is now the border of the Soviet Union established in 1945.
By Richard Pomfret, Professor of Economics & Jean Monnet Chair Economics of European Integration, the University of Adelaide. On 17 September Jean Monnet Chair Richard Pomfret participated in 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, and Vivien Life, Director Asia and Australasia Negotiations within the UK Department for International Trade. The webinar was chaired by Peter Draper, Executive Director of the Institute for International Trade at The University of Adelaide.
Ken Ash is an Independent Consultant, IIT Visiting Fellow, and former OECD Director of Trade and Agriculture. Governments generally support the smooth functioning of their domestic economies, through maintaining systems of good governance and the rule of law and ensuring a coherent macroeconomic and structural policy environment. Extraordinary support is sometimes also warranted, as is the case today to mitigate the economic impact of COVID-19. Few would dispute that these are essential roles for governments.
On 17 September, the 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.
By 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.
By 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).
By 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).
By Kym Anderson, George Gollin Professor Emeritus, School of Economics, University of Adelaide; CEPR Fellow; and Honorary Professor of Economics, Arndt-Corden Dept of Economics, Australian National University.
Even though research earlier this century suggested market access barriers were far more important than domestic subsidies in restricting global farm trade, new analysis suggests farm subsidies have become far more important in recent years.
The “German” debate on supply chain ethics: assessing the role for businesses in human rights enforcement
By Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena, and Dr Naoise McDonagh, Lecturer in Political Economy, Institute for International Trade, University of Adelaide.
International supply chains have become a topic of fierce debate in Germany over the past weeks, and perhaps surprisingly not for pandemic-related issues. Proposed new laws requiring due diligence by firms to prevent human rights violations in their supply chains sparked controversy over the degree of responsibility firms can realistically be expected to bear, and how they may enforce this obligation.
This work is licensed under Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
IIT is a global leader in researching, analysing and commenting on International Trade.
Stay informed about our up-and-coming seminars, events, publications, awards, new projects and collaborations, and other exciting news.