Last week’s action by President Donald Trump has ended the United States’ leadership on liberal trade and may trigger a global trade war with major damaging consequences. On 8 March, Trump signed a proclamation to raise tariffs of steel by 25% and aluminium by 10%. It sent shockwaves across the world not only because of the losses to metal exporters, but due to what it could well signify: the start of a global trade war causing economic disruption in many countries, and that may also damage if not destroy the multilateral trade system. (more…)
The new agreement that eleven countries are signing on 8 March in Chile in place of the Trans Pacific Partnership Agreement (TPP) is like old wine in a new bottle — without the United States but retaining most of its controversial elements. The TPP seemed to have died when President Donald Trump pulled the United States out of it early last year. But the remaining 11 members have rescued it almost intact, giving it a new name, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). (more…)
How international investment agreements have made debt restructuring even more difficult and costly
International investment and trade agreements are legally binding international treaties which give investors an additional layer of legal protection on top of the host country law and contract law. However, little efforts have been made in ironing out the interface between these different laws and treaties. Inconsistencies and even contradictions have emerged in dispute settlement decisions, sometimes at the expense of public good, sovereignty and financial and economic stability. An asymmetry seems to exist in the allocation of risks and benefits between investors and recipients of investments. (more…)
This update provides a snapshot of the activities of the Development, Innovation and Intellectual Property Programme during the month of November 2017.
WTO MC11: Issues at Stake for Developing Countries
This is an informal briefing note on all the pertinent issues to developing countries for the 11th WTO Ministerial Conference which will be held in Buenos Aires in December 2017.
Eleventh World Trade Organization Ministerial Conference (Buenos Aires, December 2017) in the context of Africa’s Agenda 2063 and the Continental Free Trade Area
This present policy brief has been made available by the African Trade Policy Centre of the Economic Commission for Africa to provide background information on the key issues expected to be discussed at the eleventh World Trade Organization Ministerial Conference. It is based on a series of discussion papers developed by the African Trade Policy Centre in collaboration with the South Centre. Full papers are available upon request.
The 11th Ministerial meeting of the WTO is fast approaching. In Buenos Aires, Ministers will take decisions on a variety of issues including agriculture, fish subsidies, domestic regulation and trade facilitation in services, special and differential treatment, TRIPS, and e-commerce.
Attempts are made to revitalise the fisheries subsidies negotiations at the WTO with the aim of achieving an outcome at the 11th WTO Ministerial Conference in December 2017.
Since 2015, the theme of Micro, Small and Medium-Sized Enterprises (MSMEs) has emerged after the Philippines submitted a proposal on this issue in the WTO, calling for discussions to take place in a more sustained way.
