News: Tariffs

What can Australia gain from agricultural subsidy reform?

Crop Harvesting

By Kym Anderson, George Gollin Professor Emeritus, School of Economics, University of Adelaide; CEPR Fellow; and Honorary Professor of Economics, Arndt-Corden Dept of Economics, Australian National University.
Even though
research earlier this century suggested market access barriers were far more important than domestic subsidies in restricting global farm trade, new analysis suggests farm subsidies have become far more important in recent years.

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Brexit Done, A UK-EU Trade Agreement to Go?

Britain

By Richard Pomfret, Professor of Economics & Jean Monnet Chair Economics of European Integration, the University of Adelaide
A trade agreement between the UK and EU27 looks in trouble. The UK left the EU on 31 January. 2020 is the transition year when the Withdrawal Agreement is implemented and the UK and EU reach agreement on their future relations.  Distracted by COVID, some people, e.g. Irish deputy PM Simon Coveney, argue that this timeframe for reaching agreement in future relations is too short, while UK negotiators insist that the deadline is non-negotiable.

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Responding to COVID-19: A key role for ASEAN in the region

ASEAN FLAG

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.

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India’s Trade Policy: Embracing national interests and selective engagement

India Flag

By Amitendu Palit, Senior Economic and Trade Policy Research Fellow at the Institute of South Asian Studies in the National University of Singapore.
Six months have passed since India decided to stay out of the Regional Comprehensive Economic Partnership (RCEP). With the rest of the RCEP members going ahead with the agreement and finalizing its text, India is unlikely to be a part of RCEP in the foreseeable future. This is notwithstanding the hint dropped by India’s external affairs minister Dr. S Jaishankar earlier in the year on India ‘rethinking’ the decision.

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China used anti-dumping rules against us because what goes around comes around

Dumping

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.

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A Phase One Deal, but for what purpose?

US China Trade War

Naoise McDonagh - Lecturer, Institute for International Trade, University of Adelaide
What does the Phase One trade deal between the U.S. and China indicate for the wider trade conflict between the two countries? To answer that question requires analysis of the deal’s specifics in the broader context of the trade conflict and its underlying causes.

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Failure of strategic trade diplomacy

Failure of strategic trade diplomacy

Naoise McDonagh - Lecturer, Institute for International Trade, University of Adelaide
In June 2019 a free trade agreement (FTA) two decades in the making was struck between the EU and the South American customs union Mercosur (currently comprising Argentina, Brazil, Paraguay and Uruguay). 

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