News: Europe

Can progress be made multilaterally on agricultural trade?

Agricultural Trade

The WTO has been experiencing deadlock in its negotiating function since the collapse of the Doha Round. This threatens to undermine the legitimacy of the WTO, and drive Members to seek progress outside the organization. The difficulties of agricultural negotiations offer a microcosm for understanding the wider multilateral universe. Against this background, a group of academics, former high-level officials of international institutions and former negotiators have come together to try to inject some new energy and new ideas into the multilateral process in a project called “New Pathways”.

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Industrial Subsidies and their impacts on exports of trading partners: The China Case

Exporting

This paper explores the impact of Chinese subsidy interventions in the upstream sector on the competitiveness of the downstream sector. In particular, the paper investigates the effect of Chinese subsidies on basic metal products on the export competitiveness of downstream sectors in other major trading countries. To explore the impact of base metal subsidies interventions on the downstream sector of a trading partner, we exploit both temporal variation in subsidy interventions and in base-metal consumption by the downstream sector.

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“Joint Statement Initiatives” and Progress in the WTO System

WTO members

Andrew Stoler, former WTO Deputy Director-General; former Office of the United States Trade Representative senior trade negotiator.
“Joint Statement Initiatives” (JSIs) are today seen by many governments as crucial to making trade progress, given some WTO Members opposition to further liberalization and rulemaking on a multilateral basis. Two governments that have actively worked to stymie progress, India and South Africa, are currently challenging the legality of JSIs within the multilateral system of the WTO in a new bid to prevent other WTO Members from moving forward on the trade front.
 

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Services Domestic Regulation - Doing the Obvious

cut costs

Markus Jelitto is Counsellor at the Services Trade Division, WTO Secretariat, Geneva. 
Services Trade has been growing continuously over the past three decades and was worth USD 13.3 trillion in 2017. Services value added accounts for almost half of all world trade (goods and services combined). Despite these impressive figures, the 2019 WTO World Trade Report finds that costs of trading services are about twice as high as trade cost for goods. A significant portion of these costs are attributable to regulatory divergence, as well as opaque regulations and cumbersome procedures. Through the development of disciplines on services domestic regulation, a group of currently 63 WTO members has set out to address these cost factors.

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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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Putting “Values” into Value Chains in an Era of System Rivalry

Value Chains Op-Ed

Naoise McDonagh, Lecturer in Political Economy, Institute for International Trade.
The EU and U.S. have a history of using trade agreements to project their value-systems on trading partners. The EU is forthright about this goal, stating: “projecting our rules and values in trade agreements helps the EU shape globalisation, especially on issues like human rights, working conditions and environmental protection”

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An Opportunity for Leadership on Trade Secrets Protection in the Australia-UK Free Trade Agreement

Trade Secrets Protection

Douglas C. Lippoldt, International Trade Economist & Senior Fellow, CIGI, and  Mark F. Schultz, Professor & Goodyear Chair in IP Law, University of Akron School of Law
The proposed Australia-UK Free Trade Agreement aims to promote innovation as a key priority, with provisions in support of bilateral foreign direct investment, balanced protection of intellectual property rights, and co-operation in research and development (R&D).

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IIT Monthly Newsletter - March 2021

WTO

IIT Monthly Newsletter - March 2021. This edition of our monthly newsletter contains a rich set of insights into the challenges confronting the world trading system. Australia, being a middle power with extensive trade interests, has a strong stake in how they are addressed. 

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With a new Director General, can the WTO become a force for progress again?

WTO

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena and Visiting Professor with IIT
Six months after the resignation of Roberto Azevédo the World Trade Organization (WTO) finally has a new leader. With Dr. Ngozi Okonjo-Iweala, the WTO is breaking new ground twice: for the first time in WTO history a woman is the Director-General, and for the first time the WTO is headed by an African woman.

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Is plurilateralism making the WTO an institutional zombie?

plurilateral agreements

Dr Naoise McDonagh is Lecturer in Political Economy at the Institute for International Trade. 
The World Trade Organization’s (WTO) 2014 Trade Facilitation Agreement is the only significant multilateral agreement it has concluded since its inception in 1995. Against that success, significant failures stand out. 

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