Like a sailing ship caught in the doldrums, the international trade policy world seems stagnant and listless. Is there any fresh wind to be detected? Can we create some movement?
In this coronavirus–dominated environment, nothing much is happening. The trend in global trade itself is not easy to
At a time when stability and predictability are needed most, the body at the heart of the rules-based trading system — the World Trade Organization — is reeling from far more than just a paralysed Appellate Body and antagonistic Trump administration
There is growing support for diversifying Australia’s economic ties with China in order to reduce the risks of economic coercion. The main bilateral economic ties are through exports, imports and investment. Australia’s risks of economic coercion from China mainly come via exports. China buys 33
Did anyone notice that the United States–Mexico–Canada Agreement (USMCA), the revised NAFTA, entered into force on 1 July? If not, do not be too concerned, as the Covid-19 crisis has probably affected that as well.
Still, this deal is (without getting too much into the weeds of whether it is
Australian businesses in Southeast Asia are showing continued faith in regional economic integration despite the relatively lacklustre cross border political cooperation so far seen in response to the pandemic.
A new survey of Australian-connected businesses on
Last weekend news broke that the Chinese government was considering imposing large tariffs on Australian barley exports. Now, China-bound exports from four Australian meat processors have been suspended.
Following Australian calls for an independent inquiry into the early handling of Covid-19,
Earlier this week, New Zealand moved out of total lockdown into a phase of continuing control on social movement, but with an opening of widespread economic activity. Schools reopened partially. It is estimated that about half a million people returned to work after a stand down of five weeks.
Within 24 hours, the Appellate Body of the Word Trade Organisation will cease to function. Designed with seven members, the Appellate Body has seen its membership dwindling over the past three years, with the current headcount at three, the bare minimum necessary to form the quorum for a division
It has been one of the most forecast developments in geo-economics, but the World Trade Organisation is about to finally suffer the crippling blow of its appeals process coming to a halt. On 11 December, the trade court will no longer have enough judges to issue the binding rulings that
Revision season is well underway at the top of the institutions that underpin the globalised economy, those same institutions now in the cross hairs of Prime Minister Scott Morrison’s audit of what Australia gets from globalism.
In the last week, the heads of the
With this year's summit season coming to an end, Turkey will officially hand over the G20 hosting baton to China on 1 December 2015. The Hangzhou Leaders' Summit has already been announced for 4 and 5 September 2016, slightly earlier than previous years to avoid clashing with the US presidential
The Trans-Pacific Partnership (TPP) is close to the make-or-break stage. It will either get US Congressional blessing soon or lose momentum and slip from the agenda. So it is surprising how little public debate there is in Australia about its important ramifications. For an excellent exception, see
The APEC Leaders' Meeting underway in Beijing seems to be finessing the various conflicting and overlapping trade initiatives and avoiding serious damage. But it is not resolving any of the underlying tensions.
At the multilateral level, the WTO remains in limbo after India pulled the rug out
The Director-General of the World Trade Organisation (WTO), Roberto Azevedo, says the institution has descended into 'paralysis'.
Director-General of the World Trade Organisation, Roberto Azevedo, Bali, 2013.
Following the failure to get India to remove its objection to advancing the
Much of the mountain of commentary and analysis of the 2008 Great Recession has been either critical (Paul Krugman might be typical), or a self-interested defence (Tim Geithner and Larry Summers provide examples). Daniel Drezner's The System Worked is atypical in two respects: he was not a