News: Preferential Trade Agreements
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”.
Dr Lauren A. Johnston is Research Associate at SOAS China Institute, Visiting Senior Lecturer, Adelaide University Institute of International Trade and Founding Director, New South Economics.
Last month’s inaugural ‘Quad’ – Australia, India, Japan and USA – leaders’ call drew attention to Australia’s Indo-Pacific strategic re-positioning. The “Indo” of that debate has so far focused mainly on ties with Indian Ocean majors - Indonesia and India.
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”
Weinian Hu is Research Fellow at the Centre for European Policy Studies, Belgium. The EU’s Open Strategic Autonomy policy approach was first revealed under the Commission’s recovery plan post-Covid, which was released in May 2020.
Bryan Mercurio is Simon F.S. Li Professor of Law at the Chinese University of Hong Kong. On 30 December 2020, the European Union (EU) and China ‘in principle’ concluded negotiations on a Comprehensive Agreement on Investment (CAI). The European Commission published the text of the CAI on 22 January 2021. The agreement has been welcomed by the business community but criticised by civil society and the United States (US).
The EU-China Investment Deal: Perspectives of the European services sectors on new opportunities in the world’s second largest economy
Dr Pascal Kerneis is Managing Director of the European Services Forum, Brussels.
On 30 December 2020, the European Union and China have concluded in principle the negotiations for a Comprehensive Agreement on Investment (CAI). What could this agreement bring to European service businesses?
Jim Redden; Director, Economic Development Services Ltd. Visiting Fellow, Institute for International Trade, Adelaide University and Peter Draper
Executive Director, Institute for International Trade, Adelaide University.
A ground-breaking trade agreement set to enter into force on December 13th(soon to be announced by Trade Minister Birmingham) could open the door for a regional travel corridor between Australia, New Zealand and most Pacific Island countries, while reinforcing the importance of a rules-based trade order in the region.
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.
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. The two negotiators emphasized the like-mindedness of the UK and Australia when it came to international trade, implying that an agreement could be reached speedily.
Chenye Zhang, IIT Visiting Researcher and PhD Candidate at the University for International Business and Economics.
A Chinese perspective: In November 2013 BIT negotiations between China and the EU officially commenced. The goal was to reach a high-level agreement covering investment protection and market access. At the China-EU Summit in 2019, both parties reached consensus on achieving a high-level BIT by the end of 2020. Although the COVID-19 pandemic has caused difficulties, China and the EU have been actively pushing the negotiations forward.
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