Tag: Trade

 

US, India Undermine Multilateralism at WTO Ministerial

Blog Post

Expectations were low for the eleventh World Trade Organization (WTO) ministerial meeting in Buenos Aires, and on most accounts it still managed to under-deliver. This time around, US and Indian negotiators refused to compromise in service of achieving a consensus agreement in any area. Roughly three quarters of WTO members endorsed a precedent-setting, albeit hortatory, declaration on women and trade; the United States and India did not. And there were statements from varying groups of “like-minded” countries to pursue work in areas that could eventually lead to “plurilateral” agreements. Still, it is not clear these efforts are any more likely to overcome the sharp differences that have prevented compromise among the broader membership. And if they do, they could end up marginalizing smaller, less powerful developing countries.

Canada’s Feminist Foreign Policy: Building on a Strong Start

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The Canadian government has made some impressive steps towards prioritizing gender and women’s rights in international relations. I’m hoping that’s a sign of momentum towards even bigger steps in the New Year—using the full range of tools from trade and migration policy through investment and aid.

WTO, the Farm Bill, and Developing Countries: A Reading List for the Coming Months

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Members of the World Trade Organization will be meeting next week in Buenos Aires to discuss the future of agricultural and other trade policies that could have important implications for food security and jobs in developing countries (eventually). And members of the US House and Senate agricultural committees will be meeting through next year to craft a new five-year farm bill that will help shape global markets and determine how much and how quickly US food aid can be delivered to people in desperate need around the world.

UK Trade White Paper: A Once in a Lifetime Opportunity for Development

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The UK government has made a welcome commitment to improve trade access for poor countries after Brexit. The question in the White Paper is how to do that. Brexit offers the opportunity to replace the EU’s Economic Partnership Agreements with a simpler, broader and more generous regime that encourages developing countries to export more.

German Elections: What Merkel’s "Jamaica Coalition" Might Mean for Global Development

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Germans have given Chancellor Angela Merkel a fourth term as chancellor, but once again without a parliamentary majority. It seems likely that Merkel will now try to negotiate a black-green-yellow “Jamaica coalition” (referring to the parties’ colors) with the Greens and the pro-business Liberals replacing the Social Democrats as coalition partners. Despite the gain in vote for nationalists, our analysis suggests the Jamaica coalition could actually strengthen Germany’s role in accelerating global development, as well as benefitting Germany.

Trade and Commitment to Development: Which Is More Damaging to Development, Agricultural Subsidies or Trade Tariffs?

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On September 5, we launched the results of the 2017 Commitment to Development Index (CDI), which scores 27 countries on how development-friendly their policies are. This year, we include two new indicators assessing how rich-country “tariffs” (taxes on imports) and “subsidies” (payments to domestic producers) inhibit development. But which is more damaging, and therefore deserves a greater weight in the Index?

Using the approach embedded in previous CDI calculations, we calculate that tariffs may be over three times as damaging as agricultural subsidies in inhibiting developing country trade. Below, we look at how tariffs and subsidy inhibit development, and assess their respective impact.

Illicit Financial Flows and Trade Misinvoicing: Time to Reassess

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You might remember the UNCTAD report on trade misinvoicing published last year which alleged that the majority of gold exports leave South Africa unreported. If not, you will more than likely have heard the billion dollar estimates of illicit financial flows as a source of resources for financing the SDGs. It is increasingly clear that these calculations, based on gaps and mismatches in trade are not reliable.

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Globalization is under attack in the West. The debate among pundits is no longer about whether globalization is to blame or not. It is about why globalization is now the bugaboo it has become. A common thread are changes, for the worse, in the economic and social standing of the Western middle class.

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