Policy & Engagement
In recent years we have seen unprecedented debate concerning the legitimacy of trade agreements, widespread concern about the potential effects of globalisation and a dangerous resurgence of protectionism which has the potential to profoundly impact economic development and trade arrangements throughout the world.
Today, more than ever, universities have a critical role to play in supporting the pursuit of effective, transparent and responsible trade policy which is both responsive to economic challenges and enables countries to capitalise on the opportunities presented by the global economy.
The Institute for International Trade works closely with our partners to develop and maintain a deep dialogue with government, business, civil society and the wider public.
Analysis and IIT news
Putting “Values” into Value Chains in an Era of System Rivalry
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”
With a new Director General, can the WTO become a force for progress again?
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.
Morphing Risks to Australia’s Goods Trade with China
At the start of 2020, the US-China Economic and Trade Agreement (the Phase One Agreement or Agreement) captured the attention of Australian policy makers and business. China had agreed to substantially increase goods imports from the United States in 2020 and 2021 and to accept certain US standards and conformity assessment procedures to assist US companies to access Chinese agricultural markets.
Cold War 2.0: Implications for Middle Powers
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.
Putting the Comprehensive Agreement on Investment (CAI) into perspective: Five key points
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).
Read more about Five key points
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?
18 Jan
Global Food Systems: Fit for the Future?
Ken Ash is an Independent Consultant, IIT Visiting Fellow, and former OECD Director of Trade and Agriculture. 14 Dec
Pacific Trade Agreement Opens Door for Travel Bubble and Rule of Law
Jim Redden; Director, Economic Development Services Ltd. Visiting Fellow, Institute for International Trade, Adelaide University and Peter Draper 14 Oct
Managing the risks of rising government support: a case for policy transparency
Ken Ash is an Independent Consultant, IIT Visiting Fellow, and former OECD Director of Trade and Agriculture. 28 Sep
New Data links Outward Investment in Services to Australia’s Services Export Performance
Jane Drake-Brockman is Industry Professor with the Institute for International Trade and Founder of the Australian Services Roundtable, which in 2020 celebrates its 20th anniversary. 15 Sep
China-EU Bilateral Investment Treaty negotiations in a crucial time: A Chinese Perspective
Chenye Zhang, IIT Visiting Researcher and PhD Candidate at the University for International Business and Economics. 01 Sep Lisa Hunt, Business Manager, Institute for International Trade, The University of Adelaide and Professor Peter Draper, Executive Director, Institute for International Trade, The University of Adelaide.
Well-functioning global food systems matter, to all of us. Global food systems perform well overall, and today provide more safe, nutritious, and affordable food per capita than ever before. At the same time, over 800 million people are undernourished and a higher number are overweight.
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.
Governments generally support the smooth functioning of their domestic economies, through maintaining systems of good governance and the rule of law and ensuring a coherent macroeconomic and structural policy environment. Extraordinary support is sometimes also warranted, as is the case today to mitigate the economic impact of COVID-19. Few would dispute that these are essential roles for governments.
Measurement of trade in services is notoriously difficult. The official statistics on imports and exports contained in the Balance of Payments (BOP) are well known, for example, as measuring poorly at best only three of the four modes of international supply of services.
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.
Over the past four months COVID-19 has exacerbated existing trade and geopolitical tensions, fuelled scepticism about the benefits of globalisation and seen already high-levels of economic uncertainty rise. As governments across the globe respond to protect their citizens lives and livelihoods, the resulting restrictions on the movement of people, capital, goods and services across borders has proven catastrophic for many businesses working in Global Value Chains (GVCs).