Trade agreements—whether multilateral ones through the WTO, plurilateral ones such as the CPTPP, or bilateral agreements between two nations—represent the foundational vehicle through which nations remove trade barriers and deepen trade linkages. This category includes a wide array of GTIPA-member reports examining trade agreements their nations have implemented.
As the US presidential election nears, no one in the world expects much progress on advancing global trade via IPEF in 2024.
The rapid surge of regional, sector-specific, and bilateral agreements globally reflects the increasing importance of geoeconomic factors in shaping countries' trade relations.
Members of the CPTPP have now embarked on its first-ever General Review, intended to ensure that the agreement remains relevant to the challenges of our time. Two critical areas where the Review could really come up with a new gold standard are in sustainability and digital technologies.
This study investigates how the Regional Comprehensive Economic Partnership (RCEP) can deepen the contributions of trade in services in the Philippine economy through the commitments made and limitations imposed.
Complementary strengths make Canada and Japan poised for a powerful economic partnership, particularly in the energy and critical minerals sector.
In their efforts to come to terms with intensifying US-China rivalry, Southeast Asian leaders have consistently relayed to their American counterparts variations of the same message. US officials have fed back that these oft-repeated refrains are getting worn. The challenge before both parties now is finding a way forward to cooperate in new domains, despite their mismatch in perceptions about China.
In the last decade, especially since 2020, there has been a rise in the use of export restrictions by nations. These restrictions include outright bans on specific exports to export taxes or quotas on exports. Although not new, export restrictions are one of the most damaging developments in global trade with lasting effects on the global economy.
June’s meeting between U.S. President Biden and India’s Prime Minister Modi advanced the U.S.-India connection to a new level.
For many businesses, the ongoing WTO talks to draw up new multilateral rules on e-commerce may be the most consequential global trade negotiations underway today. If the negotiations end in stalemate, that would mean another body blow to the credibility of the Geneva-based institution and higher trade costs around the world.
For many years now, the lack of progress in multilateral trade negotiations has been a major cause of concern among WTO members. With diversity in the economic situation of members and differences in their stages of development, delay in concluding trade agreements is inevitable. However, the negotiating process has also been an obstacle to progress.