News: Southeast Asia
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 Milton Churche and Michael Mugliston, visiting fellows, Institute for International Trade, University of Adelaide.
A key characteristic of the health and economic crises unleashed by Covid-19 is the very high degree of uncertainty over the course of the disease, the trajectory of the economic downturn and the roadmap for restoring sustained economic growth. Indexes measuring global policy uncertainty are showing unprecedented levels of uncertainty. The World Pandemics Uncertainty Index that measures economic uncertainty associated with pandemics and other disease outbreaks since 1996 is at record highs.
Australia has acted with dismay to China’s decision to impose punitive mostly “anti-dumping” tariffs of 80.5% on imports of Australian barley. The culmination of an 18-month investigation, China’s move threatens to wipe out Australian barley exports to China, worth A$600 million in 2019, unless China withdraws the measure either unilaterally or following a successful challenge at the World Trade Organisation (WTO). However poorly justified, there are precedents for what China has done, many of them from Australia.
by Milton Churche and Michael Mugliston, visiting fellows, Institute for International Trade, The University of Adelaide
COVID-19 has presented the world with both a major health and economic crisis. These crises have so far revealed a lack of leadership at the international level, thereby preventing a concerted response in the way that we have often seen in previous crises.
Milton Churche and Michael Mugliston, visiting fellows at the Institute for International Trade at the University of Adelaide in South Australia
Vietnam serves as ASEAN Chair in 2020, granting authority to shape the group’s priorities for the year ahead. Building on Vietnam’s recent successes in trade negotiations the country can use its Chair to enhance ASEAN’s role supporting a rules-based international trading order.
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