News: Opinions

Reforming EU Rules of Origin Applied to Trade Agreements with Africa

Male - Factory worker

Mike Humphrey, Senior Trade Consultant. Currently there are multiple sets of Rules of Origin (RoO) that apply to the EU’s different trade agreements it has with various groups of African countries. In this Op Ed I will make the case for replacing these with a single set of RoO that apply to all these different trade agreements, making cumulation possible with any African country for all African exporters to the EU.

[Read more about Reforming EU Rules of Origin Applied to Trade Agreements with Africa]

Reviving the EUs Free Trade commitments - let’s start with Australia!

Australia-Europe Economic Relations Dialogue

Catharina Rinzema, Member of European Parliament (Renew Europe, The Netherlands), Morten Lokkegaard, Member of European Parliament (Renew Europe, Denmark), Professor Peter Draper, Executive Director of the Institute for International Trade.
The European Parliament this month sent a delegation to Australia to strengthen our ties with strategic Indo-Pacific partners. This op-ed argues that these democratic allies and trade partners have a good opportunity to promote common values and rule-of-law trade through the under-negotiation EU-Australia free trade agreement.

[Read more about Reviving the EUs Free Trade commitments - let’s start with Australia!]

China’s Western Neighbours, and the Future of Eurasian Overland Trade

railway

Richard Pomfret, Emeritus Professor of Economics, the University of Adelaide.
China’s flagship foreign policy, the Silk Road Economic Belt, was announced in 2013 in Astana, capital of Kazakhstan, and became part of the Belt and Road Initiative that was launched in May 2017.  Rail connections west through Kazakhstan were the key part of the overland “Belt”. President Xi has recently and publically confirmed the importance of this relationship, an act which has import in the context of the current Ukraine-Russia war, as argued in this op-ed

[Read more about China’s Western Neighbours, and the Future of Eurasian Overland Trade]

Australia and the European Union’s shared Indo-Pacific Future

Flight

Professor Peter Draper Executive Director, Institute for International Trade
Naoise McDonagh, Lecturer & Policy & Engagement Managing Editor

After recently holding hearings on the EU’s Indo-Pacific trade strategy, the EU Parliament’s Committee on International Trade (INTA) is visiting Australia this week. The EU Parliament has equal decision-making status on trade issues with the Council and Commission, so the significance of the visit for EU-Australia trade relations should not be underestimated.

[Read more about Australia and the European Union’s shared Indo-Pacific Future]

Green hydrogen offers a window to redefine the Africa-Australia and Africa-Australia-Europe partnerships

Sunset

Conflict in Europe has fast-forwarded a global race for green hydrogen. Australia was already well-placed, having already begun pursuit of large-scale green hydrogen development projects domestically and overseas. With a focus on Africa this op-ed explores Australia’s international hydrogen-related green energy superpower potential.
Chigozie Nweke-Eze, University of Bonn. Dr. Lauren A. Johnston, Visiting Senior Lecturer University of Adelaide.

[Read more about Green hydrogen offers a window to redefine the Africa-Australia and Africa-Australia-Europe partnerships ]

New Trade and Aid Paradigm Needed for China and Pacific Relations

China

Jim Redden, Trade and Development Expert, Institute for International Trade, University of Adelaide. 
Australia’s regional economic diplomacy has lost its way in recent times in the Indo-Pacific region. The new Albanese-led Labor government recognizes that there needs to be a reset in its trade and aid paradigm in the Indo-Pacific, in order to restore strong relations with our Pacific neighbours, as well as thaw the diplomatic freeze with China on trade. This op-ed identifies four components that could serve as the foundation for this new paradigm.

[Read more about New Trade and Aid Paradigm Needed for China and Pacific Relations]

The G7-Summit delivered more than expected

Ukraine

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University and Peter Draper, Executive Director of the Institute for International Trade. Over 3 days at this year's G7 summit under the German presidency the heads of government of the United States (USA), Great Britain, France, Germany, Italy, Japan and Canada - met in a castle tucked away in the Bavarian Alps. They were joined by the President of the European Commission and, as guests, the heads of government of India, South Africa, Indonesia, Argentina and Senegal. President Zelensky was also present as a virtual guest. Their aim was to constructively address the major challenges facing the world today, not least the war in Ukraine.

[Read more about The G7-Summit delivered more than expected]

Services: The DNA of e-commerce

The DNA of e-commerce

Lee Tuthill visiting Fellow, The University of Adelaide, Institute for International Trade. Lee worked at the WTO from 1990 to 2021, where she specialized in GATS, telecommunications/ICT, emerging technologies and digital trade. Just as DNA is the key that unlocks the development and functioning of an organism, a whole host of services contribute to the development of e-commerce and how it functions as an ecosystem.

[Read more about Services: The DNA of e-commerce]

India-Australia Free Trade Deal Offers Australia First Mover Advantage in the World’s Fastest Growing Economy

Reforming industrial subsidies

Natasha Jha Bhaskar, General Manager of Newland Global Group, a Sydney-based Australian corporate advisory firm specialising in the Australia-India space. AI ECTA is India’s first deal with a developed economy in a decade and only a second trade deal in a span of eleven years. It is indicative of how Australia’s bilateral relationship with India has grown in leaps and bounds recently, particularly since the elevation of ties to a Comprehensive Strategic Partnership (CSP) in 2020.

[Read more about India-Australia Free Trade Deal Offers Australia First Mover Advantage in the World’s Fastest Growing Economy]

All told, Australian sanctions will have almost zero consequences for Russia

Moscow

Naoise McDonagh, Lecturer in Political Economy at the Institute for International Trade
Will Australia’s sanctions hurt Russia? This article outlines why #Australian sanctions are symbolic only, by discussing the conditions under which sanctions can be effective and explaining why such conditions do not exist in the Australia-Russia economic relationship. Other countries, such as the US, UK and EU, who do have conditions for effective sanctioning power against Russia, must make complex calculations to maximise deterrent power while minimizing as far as possible costs for them.

[Read more about All told, Australian sanctions will have almost zero consequences for Russia]

RSS News Feed

The views expressed here are the author’s, and do not necessarily represent the views of the Institute for International Trade.

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.

Subscribe to IIT news