News: US

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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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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Rethinking WTO Rules on Chinese Industrial Subsidies, and Approaches for Future Reform

Op-ed Weihuan Zhou & Mandy Meng Fang

Weihuan Zhou is Associate Professor, Director of Research, and Member of the Herbert Smith Freehills China International Business and Economic Law (CIBEL) Centre, Faculty of Law and Justice, UNSW Sydney. Mandy Meng Fang is Assistant Professor, School of Law, City University of Hong Kong
The reform of WTO rules on industrial subsidies should be based on a better understanding of the efficacy of the rules on China and fresh principles and approaches. It is time for governments to rebuild the political will needed for international cooperation.

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Pursuing an Open Strategic Autonomy trade policy against China: Expect policy fluidity

Op-ed by Weinian Hu

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.

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IIT Monthly Newsletter - February 2021

EU CHINA US

IIT Monthly Newsletter - February 2021
In this months edition of our newsletter we publish articles by Dr Pascal Kerneis - Managing Director of the European Services Forum, Brussels. Pascal discusses the EU-China negotiations for a Comprehensive Agreement on Investment (CAI), What could this agreement bring to European service businesses? Patrick Low, formerly WTO Chief Economist, canvasses the emerging battle lines concerning taxation of digital services.

[Read more about IIT Monthly Newsletter - February 2021]

Cold War 2.0: Implications for Middle Powers

US

Carlos A. Primo Braga is an Adjunct Professor, Fundação Dom Cabral, Brazil. 
The commercial and geopolitical conflict between China and the United States is unlikely to abate in the coming years. This brief discusses the contours of recent geopolitical history in order to contextualize the nature of this new “Cold War” between the two superpowers. 

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Putting the Comprehensive Agreement on Investment (CAI) into perspective: Five key points

city scape view

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).

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Reforming industrial subsidies usage through the WTO: Process Proposals

Reforming industrial subsidies

Professor Peter Draper is Executive Director of the Institute for International Trade. Dr Naoise McDonagh is Lecturer in Political Economy at the Institute for International Trade.
The distorting effects of state-owned enterprises (SOEs) and industrial subsidies on global market competition has become a topic of increasing importance for many World Trade Organization (WTO) members in recent years.

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The EU-China Investment Deal: Perspectives of the European services sectors on new opportunities in the world’s second largest economy

EU Flag

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?

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Biden and Berlin: How Germany can help reset transatlantic relations

Biden and Berlin: How Germany can help reset transatlantic relations

Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena and Visiting Professor with IIT. 
The election result in the United States (USA) is now certain. Despite the refusal of leading Republicans to recognize the election result and to congratulate the election winner, everything now speaks in favor of the next (and thus 46th) President of the USA being Joseph R. Biden, Jr. This means an experienced Washington insider will again sit in the Oval Office, marking a return to more typical pre-Trumpian forms of policy and diplomacy.

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