international trade

Global Spectator, by Andrés Ortega From the G20 to the G-Zero: global governance without Trump?

With his hostile stance on the Paris climate change agreement, Trump subverted the G7 (which had already thrown out Russia). His nationalist and protectionist “America First” posture in Hamburg did not paralyse the G20, but it did to a large extent render it hollow, despite the lengthy list of [...]

Global Spectator, by Andrés Ortega Disputed geometries around the New Silk Road

There were notable attendees at the recent forum in Beijing for the One Belt, One Road Initiative, also known as the New Silk Road, but also significant absences, and delegations that lacked the seniority such an occasion called for. Conspicuous among the absences was that of India, which is [...]

Global Spectator, by Andrés Ortega New protectionism, less investment?

Although the world has not emerged unchanged, given the oddly lethargic ‘recovery’ –we may indeed have entered what Larry Summers has dubbed ‘secular stagnation’–, the Great Recession that began in 2008 has passed and gone without having seen a major wave of protectionist measures, in contrast to the events [...]

Global Spectator, by Andrés Ortega Is China a market economy?

This is not a rhetorical or academic question, since the way it is answered by the Europeans in December will determine whether there is an even greater rise in the Asian giant’s exports to the EU, which is split on the issue and with the protectionist tendency in the [...]

Global Spectator, by Andrés Ortega And Western protectionism came to pass…in a world of digital flows

In the presidential primaries in the US, volley after volley has been fired against the opening up of American trade, albeit with nuances and more than a few provisos. Donald Trump proposes a 45% tariff on Chinese imports. Hillary Clinton, despite expressing previous support, now harbours serious doubts about [...]

Global Spectator, by Andrés Ortega The discreet burial of the Doha Round

It has gone largely unnoticed, but late last year the ministerial meeting in Nairobi of the World Trade Organisation (WTO), in which 164 countries took part, quietly consigned the Doha Round to the grave, after 14 years of more or less futile efforts. Its aim was originally to give [...]

Should the EU grant China Market Economy Status? A Machiavellian approach

Yet again the European Union is sleepwalking into a diplomatic disaster. According to China’s interpretation of article 15 of its WTO accession protocol signed in December 2001, after 15 years (hence in one year’s time) it will automatically acquire market economy status (MES). For years this was the consensus [...]

Global Spectator, by Andrés Ortega The TTIP slows down

The TTIP, the Transatlantic Trade and Investment Partnership, is one of the most ambitious projects on the US and EU agendas, not only in economic but also in geopolitical terms, given what it can mean to those involved, and even to those who will not be part of it. [...]
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