Search Results for: trade

How trade-based money laundering works and its impact on world finances

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Deya Innab, Chief Strategy and Product Officer, Eastern Networks (EastNets) Trade-based money laundering and associated tax evasion is big business. Financial losses from these crimes in developing countries totalled $9 trillion between 2008 and 2017. Global trade complexities […]

EU proposes a strong multilateral trade response to the COVID-19 pandemic

This article is brought to you in association with the European Commission. Today, the EU has submitted its proposal seeking the commitment of World Trade Organization (WTO) members for a multilateral trade action plan to expand the production of COVID-19 vaccines and treatments, and ensure universal and fair access. With this proposal to the WTO, divided […]

Getting a patent waiver is not enough, says WTO chief to Trade Committee

This article is brought to you in association with the European Parliament. Parliament’s Committee on Trade debated on Thursday how to increase vaccine production effectively with WTO Director-General Dr Ngozi Okonjo-Iweala. In reply to trade committee MEPs’ questions over what measures are needed to accelerate equitable access to vaccines, Dr Okonjo-Iweala argued in favour of expanding […]

Global trade after COVID-19: From fixed capital to human capital

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alexis Crow, Global Head, Geopolitical Investing, PwC & Samir Saran, President, Observer Research Foundation (ORF) The current trade environment is in a state of flux – but globalization is proving to endure, despite the rising protectionism of the […]

How global trade can save lives and livelihoods – and help protect the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content New Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, joined the World Economic Forum Agenda Dialogues to discuss global trade. Dr Okonjo-Iweala said vaccine policy was crucial to helping the economic recovery […]

Parliament formally approves EU-UK trade and cooperation agreement

This article is brought to you in association with the European Parliament. Parliament voted with a large majority in favour of granting its consent to the agreement setting the rules of the future EU-UK relationship. The consent decision was adopted by 660 votes for, five against and 32 abstentions, while the accompanying resolution, setting out Parliament’s […]

The future of global trade – in 7 charts

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Merchandise trade volumes are expected to grow by 8% in 2021, according to World Trade Organization statistics. Production and distribution of vaccines will be key to how the world’s economy performs. Remote […]

The developing world must get ready to adapt its trade to climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Isabelle Durant, Acting Secretary-General, UNCTAD • In the absence of adaptation, developing countries stand to be hit the hardest by trade losses due to climate change. • They must enact adaptation measures to ensure ‘trade-climate readiness’. • Such […]

4 ways to improve trade rules and support climate action

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeroen Ouwehand, Global Senior Partner, Clifford Chance& Matthew Layton, Global Managing Partner, Clifford Chance Climate change goals require urgent global action – drawing on the brightest minds and the latest clean technology. To support this, governments must introduce […]

Commission sets course for an open, sustainable and assertive EU trade policy

This article is brought to you in association with the European Commission. The European Commission has today set out its trade strategy for the coming years. Reflecting the concept of open strategic autonomy, it builds on the EU’s openness to contribute to the economic recovery through support for the green and digital transformations, as well as […]

A Sting Exclusive: “Accelerating Trade Digitalization in Times of the Pandemic”, written by the UN Under-Secretary-General and Head of ESCAP

This article was exclusively written for The European Sting by Ms. Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). The opinions expressed in this article belong to our distinguished writers. Tomorrow marks the entry into force of a new international agreement promoting […]

Here’s why China’s trade deal with Mauritius matters

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Lauren Johnston, Research Associate, SOAS China Institute & Marc Lanteigne, Associate Professor of Political Science, UiT: The Arctic University of Norway, Tromsø Beijing approaches regional trade policies via small states first, such as New Zealand. Given the complexity […]

Strong EU trade enforcement rules enter into force

This article is brought to you in association with the European Commission. Robust new trade enforcement rules have entered into force that will further strengthen the EU’s toolbox in defending its interests. With the update of the EU’s Trade Enforcement Regulation, the EU is able to act in a broader range of circumstances. The new rules […]

6 reasons why Africa’s new free trade area is a global game changer

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Caroline Kende-Robb, Senior Fellow, African Center for Economic Transformation (ACET) • AfCFTA, the largest global free trade area by countries participating, could transform the continent’s economic prospects. • It aims to be a model of cross-border cooperation in […]

The EU and Japan trade deal celebrates second anniversary by further strengthening ties

This article is brought to you in association with the European Commission. The 1st of February marks the second anniversary of the EU-Japan Economic Partnership Agreement (EPA). The Joint Committee established under the Agreement, co-chaired by Executive Vice-President Valdis Dombrovskis and Japanese Minister of Foreign Affairs Toshimitsu Motegi, celebrates this anniversary by agreeing important improvements to […]

Antitrust: Commission opens formal investigation into possible trade restrictions by Mondelēz

This article is brought to you in association with the European Commission. The European Commission has opened a formal antitrust investigation to assess whether Mondelēz has restricted competition in a range of national markets for chocolate, biscuits and coffee by hindering the cross-border trade of these products between EU Member States, which would be in breach […]

Commission study finds positive impact of trade agreements on agri-food sectors

This article is brought to you in association with the European Commission. The EU trade agenda is set to have an overall positive impact on the EU economy and the agri-food sector, according to a new study published today. Trade agreements are due to result in substantial increases in EU agri-food exports, with more limited increases […]

Panel of experts confirms Korea is in breach of labour commitments under our trade agreement

This article is brought to you in association with the European Commission. The panel report published today confirms the EU’s concerns that Korea has not acted consistently with its trade and sustainable development obligations under the EU-Korea trade agreement. The independent panel concluded that Korea needs to adjust its labour laws and practices and to continue […]

12 trade tasks to prioritize in 2021

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Doherty, Head, International Trade and Investment, World Economic Forum & Kimberley Botwright, Community Lead, Global Trade and Investment SI, World Economic Forum The new director-general at the WTO will have a raft of challenges on their desk […]

EU will have stronger powers in trade disputes

This article is brought to you in association with the European Parliament. On Tuesday, Parliament adopted new rules allowing the EU to use countermeasures in trade disputes when arbitration is blocked. The strengthening of the so-called enforcement regulation allows the EU to protect its trade interests against partners acting illegally. From now on, the EU can […]

Trade MEPs promise thorough scrutiny of the EU-UK agreement

This article is brought to you in association with the European Parliament. Trade MEPs on Monday welcomed the achievements of the agreement between the EU and the UK but promised detailed scrutiny of the deal before a consent decision. At the first discussion of the EU-UK trade and partnership agreement concluded on 24 December 2020, MEPs […]

How COVID-19 accelerated the shift towards TradeTech

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Pavitra Raja, Community Specialist, Social Entrepreneurs – Europe and the Americas, World Economic Forum Visibility and data-sharing are critical for 21st century supply chain and logistics management. Trading restrictions caused by COVID-19 create opportunities for start-ups. 3D-printing, robotics […]

EU-UK Trade and Cooperation Agreement: protecting European interests, ensuring fair competition, and continued cooperation in areas of mutual interest

This article is brought to you in association with the European Commission. After intensive negotiations, the European Commission has reached today an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because […]

Why the global trade of chemicals is key to COVID-19 recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Fernando J. Gómez, Head, Chemical and Advanced Materials Industry, World Economic Forum & Tobias Radel, Industry Lead Chemicals and Natural Resources; Austria, Switzerland, Germany, Russia, Accenture Strategy & Consulting Chemical and materials are at the heart of responses […]

Should trade continue to be global after the pandemic?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Cooper, Chief Executive, Corporate, Commercial and Institutional Banking, Standard Chartered Bank The advantages China offers will not become available closer to home and the costs of reshoring are high and often prohibitive. Opportunities for global trade will […]

EU trade agreements: delivering for Europe’s businesses

This article is brought to you in association with the European Commission. The 4th Annual Report on the Implementation of the European Union’s Trade Agreements in 2019 published today shows the benefits of our expanding global trade network. Despite tensions in the global trade arena, the report shows that EU trade agreements continued to facilitate fair […]

Boeing subsidy case: World Trade Organization confirms EU right to retaliate against $4 billion of U.S. imports

This article is brought to you in association with the European Commission. Today, the World Trade Organization (WTO) allowed the EU to raise tariffs up to $4 billion worth of imports from the U.S. as a countermeasure for illegal subsides to the American aircraft maker, Boeing. The decision builds upon the WTO’s earlier findings recognising the […]

Building back business: Avoiding a trade-off between resilience and growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christopher Alessi, Digital Editor, World Economic Forum “The question is: how do we achieve resilience in a new global environment, including a pandemic-prone global environment, as well as growth – how do we avoid a sharp trade-off between […]

Rules of origin: EU to enhance preferential trade with Pan-Euro-Mediterranean (PEM) countries

This article is brought to you in association with the European Commission. The European Commission has adopted today a package of proposals that aims to increase trade between the European Union and neighbouring countries in the Pan-Euro-Mediterranean (PEM) region, thereby contributing to the economic recovery following the coronavirus outbreak. Today’s proposals will modernise the EU’s preferential […]

This simple digital solution could streamline global travel and boost trade during COVID – here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Senior Writer, Formative Content A new health data tool could help restart stalled international travel and trade. Individual data is only shared with the user’s permission, ensuring health data is protected. The CommonPass initiative could help […]

State aid: Commission approves €2 billion Italian guarantee scheme to support trade credit insurance market in the context of the coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €2 billion Italian scheme to support the trade credit insurance market in the context of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €2 billion Italian scheme […]

This is how drones and other ‘tradetech’ are transforming international trade

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jesse Lin, Project Specialist, Digital Trade, World Economic Forum LLC & Ali Al Shidhani, Group VP Technology, ASYAD Group, Digitalization is the key to unlocking trade potential post COVID-19 and harnessing Fourth Industrial Revolution innovations for the Great […]

EU-Vietnam trade agreement enters into force

This article is brought to you in association with the European Commission. EU exports to Vietnam will be taxed less as of tomorrow, 1 August. This is the immediate effect of the entry into force of the EU-Vietnam trade agreement that will ultimately scrap duties on 99% of all goods traded between the two sides. Doing […]