News: Centre of Excellence

The future of EU trade policy and strategies in a militarised environment

EU

WORKING PAPER 11
China’s economic rise has transformed the international trade system. Furthermore, given its divergent economic model China is challenging the global economic order in ways that previous Asian competitors never did. In response to systemic rivalry and an increasingly tense international environment, the EU seeks to build more “strategic autonomy” from the United States, its main security benefactor. Economically, the EU policy of Open Strategic Autonomy seeks to maintain openness to trade, while developing tools for dealing with coercive and unfair trade practices. This paper identifies the key elements of this policy, as well as the risks it holds for European economic liberalism.

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CELIS Forum on Investment Screening (CFIS) 2022

Pictured left to right:  Professor Steffen Hindelang, Dr Lena Hornkohl, Dr Naoise McDonagh

1st - 3rd June 2022, IIT’s Dr Naoise McDonagh was invited to present at the 2022 CELIS Institute Annual Forum on Investment Screening. CFIS 22 is Europe's first and foremost forum to discuss questions on investment screening and security. It serves to enhance the Institute's analytical capacity and facilitate the shaping of common approaches. A marketplace of ideas, CFIS 22 brings together EU officials, national experts, diplomats, academics, business leaders, think tankers, and representatives of civil society and the media from across Europe and beyond.

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Improving border adjustment mechanisms

Gas emissions

WORKING PAPER 09
Despite several attempts and significant progress, broad agreement on the most appropriate way to manage conflicts between international trade and environmental issues has yet to emerge. Consequently, this paper begins with a search for a set of principles to guide the use of border adjustment mechanisms to ameliorate global environmental problems or, as economists call them, global externalities.
Ten principles are developed, and then applied to the European Union's current CBAM design, and recommendations for improving that design are put forward. As this CBAM is rooted in the EU's Emissions Trading System, broad recommendations for aligning the ETS with the principles are also offered.

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Policy Roundtable: Economic Coercion and International Trade: the nature of the challenge and policy response options

Wednesday 30th March, 2022. Arbitrary instances of economic coercion by state actors have become frequent in recent years, undermining multilateral norms and rules. Liberal democracies are increasingly concerned over the systemic quality of such coercion, and are debating and designing possible policy responses on how to respond while maintaining a stable international trading system. Event report by Dr Naoise McDonagh, Institute for International Trade.

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Carbon Tax Creep Beyond Industrial Goods: Challenges and Risks for Extending Coverage to Agriculture

Carbon Tax

Tim Ryan is completing a Masters in International Trade and Development at the University of Adelaide, and is Manager of Global Trade Development at Meat & Livestock Australia. 
Governments around the world are implementing emissions reduction policies to mitigate the impact of global warming, however the application of climate policies will occur at different speeds and depth due to varying levels of development and degrees of ambition. There are inherent dangers from unilateral expansion of carbon tax regimes, not least protectionism, hence this brief argue for a cautious and multilateral approach to carbon taxation.

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The EU’s ‘Chips Act’: A Rent-Seekers Paradise or a Feasible Industrial Policy?

Microchip

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena and Visiting Professor with IIT. 
Microchip shortages are high on the agenda of governments and businesses feeling the pinch of ongoing supply shortages. Not least for this reason, there is a broad political consensus in Europe that strong support is needed for the European chip industry in order to be independent of Asian manufacturers in the future.

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Improving Border Adjustment Mechanisms

Gas emissions

Professor Mike Young, Institute for International Trade, The University of Adelaide. The European Union (EU) and a number of other countries including the USA, Canada, Malaysia and Japan are in the process of considering how best to prevent the flow of jobs and investment to countries that are making slower progress in the reduction of greenhouse gas emissions.

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Why Australia fails to understand the EU

EU

Richard Pomfret, Jean Monnet Chair in the Economics of European Integration at the Institute for International Trade, 2017-2020. Professor of Economics Emeritus at the University of Adelaide. Australian political leaders have long held a simplistic and misleading understanding of the European Union, due to over-reliance on reports from London for coverage of EU affairs. This op-ed argues Canberra needs to develop a more diversified and modern understanding of the EU project, and its value to Australia.

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Can Germany’s New Coalition Modernize the Country to Meet 21st Century Challenges?

 Reichstag Building Germany

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena and Visiting Professor with IIT.
Since Wednesday, the traffic light coalition has been in place and the new Chancellor Olaf Scholz has been elected. This will mark the end of a long Merkel era and the beginning of a new era under Social Democratic leadership.

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The market is a powerful instrument to counter human rights violations in China

Human Rights

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena and Visiting Professor with IIT
European Union (EU) foreign ministers have finally responded to China's documented human rights abuses by imposing sanctions on four individuals and one organization believed to be substantially involved in the oppression of Uyghurs in north-western China. Reports
of the Chinese government's treatment of the Uighurs provide evidence of mass detention and human rights abuses.

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