Beyond Brussels

Beyond Brussels: CPTPP countdown is on, with takeoff set for year-end
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Beyond Brussels: CPTPP countdown is on, with takeoff set for year-end

With Australia’s ratification this week of the Comprehensive and Progressive Trans-Pacific Partnership, the trade deal is now set to kick in next month. The accord, which will provide freer trade and investment access among its 11 members and link up markets with a combined gross domestic product of $13.4 trillion, …

Beyond Brussels: Chain reaction to Section 232 duties picks up speed
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Beyond Brussels: Chain reaction to Section 232 duties picks up speed

US duties on steel and aluminium are not only taking a toll on countries across the globe, but they’re triggering a “wave of direct and indirect actions and reactions” that is likely to expand in the coming weeks and months. “Obviously one country’s action becomes the second country’s reason to …

Beyond Brussels: Key triumph of Canadian trade meeting will be getting the ball rolling
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Beyond Brussels: Key triumph of Canadian trade meeting will be getting the ball rolling

Next week, Canada will unveil to a group of World Trade Organization members a discussion paper outlining consensus-based solutions that Ottawa says will bolster the global trading system. The problem is that the US – which isn’t part of that group – has already identified major elements of the Canadian …

Beyond Brussels: So how much of TPP is in the USMCA?
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Beyond Brussels: So how much of TPP is in the USMCA?

President Donald Trump said he pulled the US out of the Trans-Pacific Partnership because it was a “horrible deal” that stole American jobs while benefiting big corporations. But Washington’s new agreement with Mexico and Canada, the USMCA, has incorporated many elements from TPP (reborn as the Comprehensive and Progressive Agreement …

Beyond Brussels: Just why hasn’t the US tabled its own proposals on WTO reform?
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Beyond Brussels: Just why hasn’t the US tabled its own proposals on WTO reform?

Washington’s insistence that the World Trade Organization must be modernised before it gets behind proposals to fill Appellate Body vacancies begs the question: Why hasn’t the US come up with its own proposals to reform the Geneva-based trade body? The Trump administration said in its February Trade Policy Agenda that …

Beyond Brussels: Revised KORUS is hardly the ‘very big deal’ Trump claims it is
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Beyond Brussels: Revised KORUS is hardly the ‘very big deal’ Trump claims it is

Donald Trump signed his first major trade deal on Monday, an update to the US pact with Korea that the president called a “very big deal” that is “very, very good for American farmers”. More sober assessments are that the revisions to the Korea-US Free Trade Agreement are modest and …

Beyond Brussels: Countries vow to intensify WTO talks on fisheries aid
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Beyond Brussels: Countries vow to intensify WTO talks on fisheries aid

Any mention of the World Trade Organization these days usually includes the words “reform” or “Appellate Body”. While efforts to limit harmful fisheries subsidies aren’t making many big headlines right now, the good news is that they actually seem to be making some progress. That’s not to say a deal …

Beyond Brussels: G20 eyes bland trade consensus as US, China seek reset
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Beyond Brussels: G20 eyes bland trade consensus as US, China seek reset

Trade ministers from the world’s top 20 economies will gather today in the coastal Argentine town of Mar del Plata to discuss issues such as e-commerce and inclusive global value chains in the agricultural sector. But there can be little doubt that the $500 billion firestorm brewing between the US …