Memos to the new EU leadership.
Citing concerns over food security, after a Cabinet meeting headed by the Prime Minister Narendra Modi last week, India reportedly decided against signing onto the trade facilitation protocol that was agreed upon at the WTO’s the Ninth Ministerial Conference at Bali.
How super-RTAs may emerge as game changers in the multilateral trading system as promulgated by the WTO, and the implications for China and India
Many trade safeguard actions have essentially protectionist and political motivations. Thus, the absence of sustained lobbying from the leading German solar manufacturing firms in the EU-China solar panels case was rather surprising.
Negotiating round the clock, World Trade Organisation (WTO) members successfully concluded an agreement on a mini-package at Bali MC9, on a package of issues designed to streamline trade, allow developing countries more options for providing food security, and boosting least developed countries’ trade and development.
Bruegel Director Guntram Wolff looks back at 2013 to summarize the think-tank’s contributions to the main policy debates of the year.
Suparna Karmakar, a Visiting Scholar at Bruegel, evaluates the outcome of the WTO’s conference in Bali and talks about the future of global trade talks. The WTO should now aim to create another set of deliverables that focus on development and are the end game of the Doha round.
The crisis has contributed to a slowdown in global trade volumes, with trade virtually stagnant in the twelve months to July 2013. In this context, fruitful negotiations in the World Trade Organisation’s 9th Ministerial Conference in Bali are crucial to sustain the institution’s credibility and prove that multilateral negotiations can still deliver success.
This Policy Contribution was prepared for the European Union Committee's inquiry into the Transatlantic Trade and Investment Partnership. Regulatory harmonisation under TTIP may not lead to emerging markets automatically upgrading to the higher TTIP standards. Domestic priorities and the high demand from a rising price-sensitive group of consumers will likely result in a dual regulatory regime in emerging markets in the medium-term.
Much will depend on the credible threat of ‘economically meaningful discriminatory outcome’ that the new mega-regionals can actually create.
Anticipating her upcoming publication, Visiting Fellow Suparna Karmakar discusses the relevance of the World Trade Organization in light of recent bilateral free trade negotiations.
In a recent development, and as a major step towards consensus on reforms to the more than 50 billion euro-a-year farm policy, EU negotiators provisionally agreed (awaiting final approval of the European Parliament and member states) that up to 30 percent of current direct subsidy payments to large farms will henceforth be conditional on farmers' taking steps to improve their environmental performance, including leaving 5 percent of their arable land fallow as a haven for wildlife.