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Trade and Agriculture Minister on whether the Government should consider taking a case against the US to the World Trade Organisation, when New Zealand will resume trade talks with the US, yesterday’s drought relief announcement and his plans for Anzac Day. See omnystudio.com/listener for privacy information.
Key figures in the global economy have been speaking about the potential impact of a trade war between the World's two largest economies, initiated by President Donald Trump's tariffs.The World Trade Organisation is forecasting that global trade will fall this year, and its director general, Ngozi Okonjo- Iweala, warned that a trade war between the US and China could affect all countries worldwide.Rahul Tandon finds out how Chinese manufacturers are concerned about tariffs, and speaks to an aviation specialist about why a bathroom problem is set to cost Boeing millions of dollars.And we hear how the remote Pacific island nation of Tuvalu celebrated the unveiling of its first cash machine.
The World Trade Organisation's director general, Ngozi Okonjo- Iweala, has warned that a trade war between the World's two largest economies could affect all countries globally. Rahul Tandon speaks to a boat building business in Michigan who fear the US-China tariff war could force it to shut down. And we hear about the latest developments in both Japan and Bangladesh's trade negotiations with the US. The latest business and finance news from around the world, on the BBC.
The World Trade Organisation says exports from North America will slump 12%. The WTO also said global trade output will decline 0.2% this year Farmers in India are worried the price of saffron is being driven up by porcupines guzzling down the bulbs and damaging the land. We speak to one farmer in the Indian administered Kashmir And the remote Pacific island Tuvalu has unveiled its first cash machine
This is a must-watch interview for anyone trying to make sense of the chaos wrought by US President Donald Trump's moves on tariffs. Johann Human spent his career in International Trade, including 17 years as an SA secondment to the Geneva-based World Trade Organisation. He provides a rare insider's view of what is happening today - how the massive trade imbalances were always destined to end in the kind of explosion we are witnessing. He also shares some practical advice on how South Africa needs to position itself to avoid becoming collateral damage in a trade war caused by decades of Chinese outsmarting the Americans.
I saw a brilliant cartoon the other day which had America's founding fathers sitting around a table writing up the country's constitution - and they had agreed that the US wouldn't have a king, but they were thinking about having a drama queen instead. And after what we saw overnight, I think it would be pretty hard to argue that the current US president is anything but a drama queen. He's also an economic vandal. Donald Trump has announced that he's pausing his global trade tariffs for 90 days for most countries, but upping the ante with China. Increasing the tariff on Chinese goods going into the United States to 125%. And as Chinese political scientist Shi Yihong is saying today, this is going to mean that trade between China and the US will be “mostly destroyed”. American economist Arthur Kroeber agrees, saying that what's happening right now shows that Trump is committed to ending US trade with China. Which equates in my mind to one thing: economic vandalism. And if you want proof, consider what America's Treasury Secretary Scott Bessent is saying. He says this flip-flop was Trump's plan all along He says: “This was his strategy all along, and that you might even say that he goaded China into a bad position and they responded. They have shown themselves to the world to be the bad actors, and we are willing to cooperate with our allies and with our trading partners who did not retaliate. It wasn't a hard message: don't retaliate, things will turn out well.” How chilling is that? If Trump planned this all along, it shows how comfortable he is causing economic chaos around the world. Maybe that shouldn't surprise me. Which is why I mentioned that cartoon earlier. All this tariff stuff has been the work of a drama queen, but I reckon that this development overnight takes things next level. When we've got the head of the Treasury in the States saying that this was Trump's plan all along —to slap countries with tariffs, see which ones retaliate, and then give the countries which don't retaliate some sort of 90-day “get out of jail card”— it's economic vandalism. It's clear now too that Donald Trump wants the world to cower in fear of him. And it's working. Not that I expect or want our government to go ape at him and his administration, because I don't think that would achieve anything, but the careful language we're hearing from the likes of Nicola Willis shows that even our government is walking on eggshells. Back in November, when Trump won the presidential election, political commentator Matthew Hooton said the US was entering “its most dangerous period since 1861, the start of the civil war” and that the world was entering its most dangerous phase since World War II. He said back in November: “The world enters its most dangerous period since World War II, with Trump threatening to launch a global trade war and collapse the World Trade Organisation.” Matthew Hooton said that during his last term, Trump had at least some people in his circle who could be relied on to keep his most extreme tendencies in check. He said: “There are no such people around him this time. Nor is he constrained by the need to worry about re-election.” Hence, his conclusion that we were entering very dangerous times. And I think maybe he's turned out be right. And I'm starting to think that maybe I was wrong. Because when I read his article in the NZ Herald I said that, on the basis of the world not falling apart last time he was president, I wasn't going to buy into the hysteria. I did say I could be proven wrong. And going by the way the world looks today, I may have just been proven wrong. See omnystudio.com/listener for privacy information.
** Chinese Whispers is coming to an end. Later this year, Cindy Yu will be joining The Times and The Sunday Times to write a regular column on China. To stay abreast of her latest work, subscribe to her free Substack at chinesewhispers.substack.com ** It's easy to forget that, as recently as the start of this century, the US was China's biggest ally. Washington saw Beijing as a necessary bulwark against Moscow, and consistently supported China's entry into the world economy ever since rapprochement in the 1970s, including its accession to the World Trade Organisation. These days, the relationship couldn't be more different. Why have relations cooled quite so fast? When was the turning point? And can we now say that rapprochement was a strategic mistake from the US? Bob Davis is a former senior editor at the Wall Street Journal, who was posted to China between 2011 and 2014. In recent years, he has been conducting a long running series of interviews - with dozens of high level officials over successive American administrations - for the online magazine, The Wire China. He has interviewed defense secretaries, ambassadors, national security advisors, treasury secretaries and more. Now, these interviews have been collated into a new e-book released by The Wire China: Broken Engagement. Through these interviews, we can see the changing direction of US-China relations through the eyes and words of those at the very heart of America's decisions. Bob joins this episode to tell us all about it.
** Chinese Whispers is coming to an end. Later this year, Cindy Yu will be joining The Times and The Sunday Times to write a regular column on China. To stay abreast of her latest work, subscribe to her free Substack at chinesewhispers.substack.com ** It's easy to forget that, as recently as the start of this century, the US was China's biggest ally. Washington saw Beijing as a necessary bulwark against Moscow, and consistently supported China's entry into the world economy ever since rapprochement in the 1970s, including its accession to the World Trade Organisation. These days, the relationship couldn't be more different. Why have relations cooled quite so fast? When was the turning point? And can we now say that rapprochement was a strategic mistake from the US? Bob Davis is a former senior editor at the Wall Street Journal, who was posted to China between 2011 and 2014. In recent years, he has been conducting a long running series of interviews - with dozens of high level officials over successive American administrations - for the online magazine, The Wire China. He has interviewed defense secretaries, ambassadors, national security advisors, treasury secretaries and more. Now, these interviews have been collated into a new e-book released by The Wire China: Broken Engagement. Through these interviews, we can see the changing direction of US-China relations through the eyes and words of those at the very heart of America's decisions. Bob joins this episode.
Send us a textIn this CGTN special - China Agenda – Juliet Mann and her guests consider the outcomes of this year's Two Sessions gatherings and what it all means for China, and the rest of the world.Further modernisation, innovation driven development and further opening up were all key themes at the gatherings, but what will this all look like in practice? Juliet is joined by Pascal Lamy, former Director General of the World Trade Organisation, Bert Hofman, Professor at the East Asian Institute of the National University Singapore and former China Director for the World Bank, Turing Prize winner and Emeritus Research Director at the VERIMAG Laboratory, Joseph Sifakis, Rebecca Fannin, entrepreneur and author of "Tech Titans of China" and Shaoshan Liu, Director of Embodied AI, Shenzhen Institute of Artificial Intelligence and Robotics for Society.
For a sport that is hardly sizzling in a sports world that is sizzling, the pain for New Zealand Rugby has clearly just got a whole lot worse. INEOS had a six year deal worth apparently $48 million. That's $8 million a year. They have walked three years early and as a result are being sued by NZR. I don't blame them. Sir Jim Ratcliffe is an interesting bloke. He is involved in English football through Manchester United and with Mercedes F1. He was involved in the America's Cup with Ben Ainslie, but has subsequently fallen out. I quite liked his cars. He wanted to keep making the old Land Rover Defender when they upgraded it a couple of years ago. He offered to buy the designs, Land Rover said no, so he invented his own a thing called the Grenadier, which although is no Land Rover, is not a bad looking thing to run up a paddock. I suppose you could ask whether Ratcliffe is even aware of any of this. But my guess is yes, given his prominence at the football and at the sailing. Has NZR, in INEOS' eyes, done something wrong? Have they not delivered on some KPIs? Is there a counter case here? In what court is this to be heard? How much time will it take and what will it cost? Is it a World Trade Organisation type-thing, whereby it's often not really worth the hassle because nothing tangible comes of it? Is it simply one of those contracts where as much as you might want to put down on paper, people and actions count for more and if you don't want to do business then basically that's the end of that? The union are the biggest losers and i feel sorry for them. No one at INEOS, I suspect, gives a monkeys. INEOS are global, from F1 to EPL. The All Blacks, although big in rugby, aren't huge globally and the hole left is more pressing for a sport than a petrol chemical company. Ratcliffe looks shabby if the union case is correct and he has simply bailed. But I doubt he is losing sleep. See omnystudio.com/listener for privacy information.
Tom Keogh, Managing Director of Keogh's Crisps, details his concerns about possible tariffs from the US and Pascal Lamy, Coordinator of the Jacques Delors Institutes in Paris, Brussel and Berlin and former head of the World Trade Organisation discusses what the possible fallout could be.
We live in an age of empire and resistance - a shifting geography of global power. The military, political and financial support of one country, the US, above all others has allowed a small country - Israel - to commit genocide in Gaza, to the horror of the vast majority of people worldwide. The US military, its corporations, its digital giants, its banks, and its culture continue to dominate globally. Yet at the same time, US-led imperialism has never felt more fractured and resisted. The heavily-resourced US army has been forced out of Afghanistan and was recently expelled from Niger. Nations such as Nicaragua and South Africa are taking powerful former colonial countries to court. Other international institutions, long seen as vehicles for exporting or enforcing US-led neoliberalism, such as the World Trade Organisation have seemingly run out of steam. The US is also increasingly isolated globally: Brazil, China, India, Russia and other nations are directly challenging its hegemony, and the US' dysfunctional democracy is less and less cited as a model by other countries. There is a growing popular sense that the post-Cold War neoliberal globalised order is in crisis. Is US hegemony really fading? Does any other nation, including China, pose any real challenge to US power, let alone offer a political or economic alternative? Has the heralded hope of a BRICS bloc collapsed amidst its contradictions? What would it take to build a more equitable and just new international political and economic order? In this episode, to properly examine where geopolitical or geoeconomic power lies today – and how it is being exercised and how that might be changing, TNI's Nick Buxton speaks to Adam Tooze, and Walden Bello. Adam Tooze holds the Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European Institute. In 2019, Foreign Policy Magazine named him one of the top Global Thinkers of the decade. Walden Bello is a TNI associate and author of more that 20 books, a human rights and peace campaigner, academic, environmentalist and journalist who has made a major contribution to the international case against corporate-driven globalization.
China complains to the World Trade Organisation about US President Donald Trump's tariffs, but with no active judging panel, does the WTO have the capabilities to intervene? As the growing trade war between the World's two leading economies hots up, Roger Hearing discusses whether the WTO has a future in adjudicating international trade disputes.Elsewhere, do you use artificial intelligence in your workplace? Or are you allowed to? We find out why some people are sneakily using AI tools without their managers approval. And a man from Indonesia has been hired as Japan's first-ever foreign bus driver. Does this show the Japanese government's new determination to let in more overseas workers? Global business news, with live guests and contributions from Asia and the USA.
China complains to the World Trade Organisation about Donald Trump's tariffs, but with no active judging panel, what can the WTO do?Roger Hearing discusses why the US Postal Service has U-turned after refusing to handle any parcels from China and Hong Kong, as well as the growing trade war between the World's two leading economies.Elsewhere, the issue of de-banking has been debated in the US Congress, so are financial institutions discriminating against certain groups or industries?And a man from Indonesia has been hired as Japan's first-ever foreign bus driver. Does this show the Japanese government's new determination to let in more overseas workers?The latest business and finance news from around the world, on the BBC.
In an interview recorded before President Trump hit China, Mexico and Canada with steep tariffs that disrupt the global trading system, Ngozi Okonjo-Iweala, the director-general of the World Trade Organisation, speaks to the FT's Senior Trade Writer, Alan Beattie, and defends her record and the WTO's achievements. She outlines how she hopes to engage with the new US administration and how globalisation has been remarkably resilient despite shocks such as the Covid-19 pandemic and the rise of US protectionism in Trump's first term and under former president Joe Biden. Alan writes the Trade Secrets newsletter. You can sign up here. He is on Bluesky at @alanbeattie.bsky.social. Subscribe on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Alan Beattie. Produced by Laurence Knight. The editor is Bryant Urstadt. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT's head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In this episode of The Sound of Economics, Rebecca Christie is joined by James Baxter, Ambassador, Australian Permanent Mission to the WTO, and Ignacio García Bercero, a Bruegel Non-resident fellow and former EU trade official, to discuss the 30-year journey of the World Trade Organization. Together, they examine the achievements and crises that have shaped the WTO, delve into the challenges posed by geopolitical tensions, and explore opportunities for reform in dispute settlement, digital trade, and sustainable development.
Does Bill Clinton feel that the current Israel-Hamas war could have been avoided if former Palestinian President Yasser Arafat had accepted the peace deal in 2001? Does he regret allowing China to join the World Trade Organisation? Was Hillary Clinton unfairly attacked during her presidential campaign? And what is Putin going to do next? Rory and Alastair are joined by 42nd US President, Bill Clinton, to discuss all this and more. TRIP Plus: Become a member of The Rest Is Politics Plus to support the podcast, receive our exclusive newsletter, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes. Just head to therestispolitics.com to sign up, or start a free trial today on Apple Podcasts: apple.co/therestispolitics. Instagram: @restispolitics Twitter: @RestIsPolitics Email: restispolitics@gmail.com Assistant Producer + Editor: Becki Hills Producer: Nicole Maslen Senior Producer: Dom Johnson Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices
I think I'm going to trust my gut instinct more often. Because yesterday, I didn't like the idea of it, but my gut was telling me that Donald Trump was going to win the presidential election. And because I'm going to listen to my gut instinct more often, today I'm going to tell you that —even if we don't like it— we need to calm the farm a bit with all the hyperbole being thrown around. Because even though things are a little bit different this time around, did the world fall apart last time Trump was president? It didn't. He's another one of those people who you know is just making stuff up —and you know they're a nasty piece of work— but somehow people fall for them. And enough people have fallen for Donald Trump. Again. But even though I felt he was going to take it out, I was still blown away with how the numbers looked from the start. Because you know what it's like with elections and how the early stages of counting can skew things quite a bit – which is what I was thinking when I kept refreshing the screen on the phone following the results yesterday afternoon. But those Electoral College numbers just kept piling up for Trump. But, unlike last time he won, I wasn't in the least bit surprised. There are some aspects that did surprise me. Example: the move in support from black voters —especially African American men— from Democrat to Republican. But even then, that shouldn't really be a surprise when you consider how Trump campaigned. Where he just kept asking voters the rhetorical question: are you better off now than you were four years ago? And that's a question that's relevant to anyone from any cultural background. And it seems, for enough of them, the answer to that question was “no”. No, we're not better off. And that, it seems, is what it came down to for the Americans who not only voted Trump back in as president but who also put the Republicans in charge of the Senate. Which is bringing some dire warnings today. Which I think would be very easy for me —or for anyone— to jump on board with. Because I think for a lot of people their default position is anti-Trump. Even though I think he's a horrible person, I'm not going to switch to default. When I watched him making his big victory speech, I did wonder how many of his cronies who were on that stage with him will still be with him in four years time. There will be some casualties, we know that. And he made it very clear that America is going to be his first priority. In fact, he said that. But, on the basis that the world didn't fall to bits last time he was president, I'm not buying into the hysteria. I could be proven wrong, but that's my gut instinct. Unlike political commentator Matthew Hooton who is putting a very dire warning in the NZ Herald today, under the headline: “America entering most dangerous period since 1861”. He's saying today: “The world enters its most dangerous period since World War II, with Trump threatening to abandon Ukraine, withdraw the US's security in Europe which will encourage Russia's Vladimir Putin to expand his ambitions westward, launch a global trade war and collapse the World Trade Organisation.” Matthew Hooton goes on to say: “Trump has also promised to jail his political opponents. He made similar threats in 2016 that he did not act upon, but back then his circle included at least some people who could be relied upon to keep his most extreme tendencies in check. “There are no such people around him this time. Nor is he constrained by the need to worry about re-election. “Barred from standing for re-election in 2028, the danger is he will seek to hold on to power by other means.” And Matthew Hooton concludes by saying: “The US enters its most dangerous period since 1861, the start of the Civil War.” I'm not buying into that. What about you? See omnystudio.com/listener for privacy information.
We discuss the latest in the China-EU tariff saga, as Beijing takes a case to the World Trade Organisation, leaving some EU officials pondering whether a Trump presidency would help to create change in the bloc. Also on the programme: Canada publicly alleges that India's home affairs minister was behind recent attacks on the Sikh diaspora. Then: we explore whether compulsory voting would make a difference to turnouts and consider the seriousness of Strava's location blunders.See omnystudio.com/listener for privacy information.
FOLLOW UP: CHINA SAYS EU TARIFFS ON EVS BREAK WTO RULESChina has said the tariffs imposed by the EU on Chinese made electric cars break the World Trade Organisation's rules. On top of which the claim is the findings from the initial report and ruling are factually incorrect too. There is no confirmation that they have lodged legal proceedings with the WTO yet, but they state they reserve the right to do so. Click this Reuters article link to read more. JLR INCREASES SPENDING DUE TO EV TRANSITION ISSUESJLR has stated that it is increasing its five year investment plan spending by another £3 billion, as the transition to an EV market is not happening as quickly as many would like. They feel they are having to develop ICE and hybrid platforms alongside the electric only, as a result. If you wish to learn more, click this Autocar article link here. On top of that news, Jaguar announced it will reveal its EV concept in December with no cars being delivered before 2026. To read more on that, click this Autocar link here. LAMBORGHINI POSTS BEST HALF-YEAR RESULTSLamborghini delivered 5558 vehicles, resulting in a 14.1% increase in profits of £387 million. This is helped by an increase of 28.2% of car prices. At this current rate they will deliver more cars than they did in their record breaking year, 2023. You can read more about this, by clicking here for an Autocar link. VW TO CONCENTRATE ON COST CUTTINGVolkswagen Group has announced that it will be pushing their cost cutting program in the second half of the year as it looks to increase margins. CARIAD is one focus, according to CEO Blume. Constraining production would also be further enacted. Click this Reuters article link to read more. PROPOSED EU BATTERY REGULATION CHANGES CAUSE ANGERThe German car industry is up in arms about proposed changes to the EV battery regulations, for 2027. The idea is to grade a battery on a country's energy production mix, which will impact Germany that are more carbon intensive after shutting all their nuclear plants. France, is in favour of the rule change, unsurprisingly when one looks at their energy production mix. To find out more, click this electrive article link here. CHINESE EV MAKER HIPHI FILES FOR BANKRUPTCYTo manage to go bankrupt, as a Chinese EV maker with plans to export across the globe, considering the amount of assistance the Government will give its home grown companies, takes quite the effort, but HiPhi have managed it. If you wish to learn more, click this Autocar article link here. FORD WORKERS TO GO ON STRIKE OVER CHANGES...
China filed a complaint with the World Trade Organisation over EU tariffs on its electric vehicles
As the world struggles to co-operate on the energy transition, international trade rules can be a foundation for the new low-carbon economy. Ed Crooks is joined by regular guest Amy Myers-Jaffe, Director of New York University's Energy, Climate Justice, and Sustainability Lab, and new guest on The Energy Gang: Dan Esty, who is the Hillhouse Professor of Environmental Law and Policy at Yale University. Dan goes a long way back in clean energy: he was on the US delegation that negotiated the original Framework Convention on Climate Change back in 1992. And he has recently been working for Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, to develop a sustainability strategy for the global trading system.Dan argues that the trade system may be the best way to get everyone in the world, and businesses in particular, to “lock arms and move together” to decarbonize the global economy. The goal is to make sure that “no one's competitively disadvantaged by stepping out in front of the pack when it comes to this movement to a clean energy future."Ed, Amy and Dan explore this concept in this week's show. The trade system provides a structured framework of rules that can enforce environmental standards globally. By integrating these standards into trade policies, countries can be encouraged to adopt low-carbon technologies without fearing competitive disadvantages. Businesses and countries are reluctant to switch to clean energy if they think their competitors won't do the same. Trade rules can make sure everyone plays fair. What's more, a reformed trade system that promotes clean energy technologies can also create economic opportunities around the world. The gang discuss how new rules could help developing countries.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Renate Nikolay is deputy director-general at DG Connect (Directorate-General for Communications Networks, Content and Technology) at the European Commission. _______________ Chapters: (0:00) Introdução (2:42) English intro (8:02) Opportunities and challenges of the digital revolution | GDPR (General Data Protection Regulation) | AI Act + AI innovation package | Data Act (16:12) Digital Services Act (DSA) | The role of DSA in fighting desinformation during the EU elections | Facebook–Cambridge Analytica data scandal (22:41) Artificial intelligence: why the EU stepped in in providing open-access supercomputers | Inflation Reduction Act (IRA) in the US (28:13) Does EU regulation stifle innovation? | Recent paper by Anu Bradford: The False Choice Between Digital Regulation and Innovation | Hiroshima AI process (33:19) Digital Decade policy programme. | 2023 report. (35:48) Economic security: the importance of ensuring production of semiconductors in Europe. | Chips Act (38:07) The future: what will change in the EU's role in the digital arena? _______________ O tema de hoje é a revolução digital que estamos a viver e, em particular, a estratégia da UE para lidar com ela: tentando regular os riscos destas tecnologias e, ao mesmo tempo, potenciar a inovação digital no continente. A tecnologia e o mundo digital sempre me interessaram -- ou não estivessemos num podcast, uma espécie de rádio digital --, mas sobre as políticas da UE nesta área tinha, até há pouco tempo, apenas uma ideia vaga. …E não era uma ideia especialmente positiva, muito influenciada pelas críticas (que certeza já ouviram por aí) de que enquanto os EUA inovam e criam grandes empresas, a especialidade da Europa é basicamente…regular. Mas a verdade é que tenho vindo a mudar a minha visão desde que passei a colaborar de perto com a DG Connect -- que é o departamento da CE responsável por esta área --, enquanto “embaixador digital”; um grupo que reune pessoas activas no mundo digital dos vários países da União. Nas viagens que tenho feito a Bruxelas nos últimos tempos, e em discussões com quem lá trabalha, tenho percebido que existe, na UE, uma visão para o mundo digital que, não sendo imune a críticas, é claramente pensada, multifacetada e a olhar para o futuro. Por isso, decidi que estava na altura de trazer este tema ao podcast. A convidada é Renate Nikolay, que é directora adjunta na DG Connect e alguém que, como vão perceber, defende esta visão de forma muito coerente. _______________ Esta conversa foi editada por: Hugo Oliveira _______________ Bio: Renate Nikolay is deputy director general at DG Connect. Before that, she was head of cabinet of Vera Jourova, the European commissioner for justice, consumers and gender equality. Before that, she led the Unit of interinstitutional and international relations in DG Justice between 2011 and 2014. She has also been an advisor in the cabinet of the first High Representative and Vice President Catherine Ashton where she led on the relations with the European Parliament in setting up the European External Action Service (EEAS) and on relations with Asia, in particular China. Before that, she was a member of the cabinet of Trade Commissioners Peter Mandelson and Catherine Ashton from 2004 to 2009. She started her career in the European Commission in the department for trade in November 2003 dealing with the accession negotiations of Vietnam to the World Trade Organisation and with the trade policy committee with the member states. She has also been a diplomat in the German Permanent Representation in Brussels and worked as private secretary to the German G8 sherpa in the German Ministry of Economics. Nikolay holds an M.A. as a Fulbright Scholar in Washington DC and a B.A. in law from the Free University in Berlin.
One of the first thing that economists are taught is the Free Trade is a Good Thing. One thing that economists don't speak too much about is that free trade creates both winners and losers. Arguably, not nearly enough attention has been paid to the losers.Whether or free trade is always a net positive depends on many factors. And the alternatives to free trade - the choices made by politicians about things like protectionism - can be even worse. That said, China's accession to the World Trade Organisation was a huge shock and wiped out huge swathes of manufacturing industry and jobs throughout the developed world. Too much too soon seems have been the case. Those left behind communities became the hunting ground for Trump, Brexiteers and populists. They stil are - and there is a distinct possibility of a second China shock coming our way. What will be the results this time?Irish SMEs complain about government inspired costs and regulatory burdens. Are they right to moan? A lot of SMEs are either failing or in danger of going bust.Interest rates: the new normal isn't too far away from where they are now. Discuss. Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.
WA becomes first state in Australia to ban plastic-lined takeaway cups; World Trade Organisation negotiations end early after failure to reach agreements; And in sport, Marissa Williamson-Polhman to make history as first Indigenous woman to represent Australia in Olympic boxing.
The World Trade Organisation met last week. Not that you'd know it. Is the dream of global trade done? Plus, with real wages finally growing, could the RBA really raise rates again?
BusinessDesk launches its Business of Education series today, looking at the role of the private sector in education. Dileepa discusses Official Information Act figures which reveal a four and a half-fold increase (450%) in the amount the Ministry has spent on contractors over the last five years. And Trade Minister Todd McClay is in Abu Dhabi where he is vice chair for the World Trade Organisation's 13th Ministerial. He is set to chair a contentious part of the meeting which will discuss tariffs on digital services like Netflix.
This week, Innovation Forum's Ian Welsh and Bea Stevenson talk about the upcoming World Trade Organisation's ministerial conference in Abu Dhabi with the International Institute for Sustainable Development's sustainability hub alongside, focusing on the challenges of building cooperative trade policy to deliver sustainable development. They also discuss the 6th session of the United Nations Environment Assembly, which will evaluate the effectiveness of multilateral actions in tackling climate change, biodiversity loss and pollution. Plus: Savanna Razzaque introduces Innovation Forum's carbon webinar series, held in partnership with Bayer Crop Science. On 5th March at 2pm CET, we'll discuss best practices for soil regeneration and carbon farming, click here to join us. And, Natasha Bodnar shares what to expect at the upcoming responsible sourcing and ethical trade forum in London on 20th-21st March. There's still time to join us, register by this week and save £200.
With the Trade Minister off at the World Trade Organisation meeting in Abu Dhabi, there's been a call for an immediate capping of agricultural subsidies. This, along with an urgent request to reduce them, aims to prevent and correct production and trade distortion. Adjunct Professor at Lincoln University, Dr Jacqueline Rowarth, told Mike Hosking that subsidies stop innovation. She said that back in 1985 sheep farmers were receiving subsidies of about 42%, which was where their income was coming from. Once the subsidies stopped and the industry had a major rethink, Rowarth said, it's been the most innovative sector in the country. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Several trade ministers from the World Trade Organisation are expected to gather over the next few days. The MC13 gathering, held in Abu Dhabi, will be co-chaired by New Zealand's own Trade Minister- Todd McClay. NZME business commentator Fran O'Sullivan says New Zealand has a lot to gain over this timeframe, if McClay does well. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Jonathan Frewin looks at the events making headlines internationally, including Sweden's bid to join NATO, a World Trade Organisation conference in Abu Dhabi, and elections in both Iran and Mexico.
Trade ministers from over 100 countries are set to meet in Abu Dhabi for the 13th ministerial conference of the World Trade Organisation. The three-day meeting beginning today is likely to be stormy as India will oppose adoption of a China-led proposal on investment facilitation. But why is India opposed to this initiative? And why does it want the investment agenda kept out of WTO? India will also oppose the European Union's proposed carbon tax on imports of steel, iron ore and cement at the upcoming WTO meeting. New Delhi believes that it would be akin to a new trade barrier. Moving on, Indian roads are witnessing a big change. More and more electric cars are rubbing shoulders with traditional ICE run vehicles. But there is more to it than meets the eye. A recent report has indicated that hybrid cars seem to be outpacing EVs in the race towards the future. Despite the steeper price tag and limited variants, hybrids are gaining traction among consumers. But why? Will this trend sustain? And will it push automakers to diverge from their EV goals? Let us now shift our focus to financial markets. While the markets consolidated with the benchmarks declining over 1 per cent initially in February, they have rallied around 4 per cent from their monthly lows since then. The Nifty, in fact, has registered a fresh life-time high in the second half of the current month. In our next report, find out the five key factors that could impact the market trajectory this week. Meanwhile, the United States has announced to impose another round of sanctions on Russia as the world marks the second anniversary of the Russia-Ukraine war. But ever wondered what economic sanctions are? And how do they work? Listen to this episode of the podcast for answers.
Tough talks lie ahead for the Trade Minister who's heading to World Trade Organisation meeting in Abu Dhabi. Todd McClay will be vice-chairing the meeting which will discuss topics including agricultural trade rules, e-commerce, and fishery subsidies. He told Mike Hosking that he's optimistic there will be gains in some areas. McClay says we'll be banging our drum for fairness and a better deal for our exporters. He says New Zealand exporters benefit from a common set of enforceable rules to rely upon and that's what we'll be pushing for. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Research shows that large numbers of Covid deaths could have been prevented if people in low and middle income countries had better access to vaccines. But this week the World Trade Organisation said it could not reach a consensus on waiving intellectual property rights on Covid-19 tests and treatments for poorer countries. Claudia Hammond is joined by BBC Africa Health Correspondent Dorcas Wangira in Nairobi, to discuss the impact of vaccine inequity on her part of the world.Dorcas also brings news of a new Ebola study showing that even people vaccinated once they were already infected with Ebola had a substantially lower risk of dying. It suggests that not only does the vaccine help prevent Ebola, it also improves the survival odds of people who have already contracted it.Oral Rehydration Salts are a lifesaving and inexpensive treatment for diarrhoeal disease, a leading cause of death for children around the world. It's cheap, effective and has been recommended by the World Health Organization for decades - so why is it under-prescribed? That's a question that researchers at the University of Southern California set out to answer by sending ‘mystery patients' to thousands of healthcare providers in India. Professor Neeraj Sood tells Claudia what they discovered.Heart pacemakers are a standard procedure in some parts of the world. A small implanted device send electrical pulses to the heart to keep it beating regularly. But devices can malfunction and the batteries don't last forever. During each replacement there is a risk of serious complications and infection. Reporter Hannah Fisher watches the procedure and asks why the batteries don't last longer.And a new study suggests that if the fourth digit on the hand of a professional footballer is longer than their second digit, they can metabolise oxygen more efficiently. This comes on the back of previous research about how differences in finger length can be a marker of heart attack and severity of Covid-19. Can you really make predictions about someone's health based on the way their hand looks?
Technology is revolutionizing global commerce and investment, and digitalizing the trade ecosystem holds the potential to increase trade by nearly $9 trillion by 2026 within the G7 alone. On the eve of the World Trade Organisation's 13th Ministerial Conference, MC13 (26-29 February, 2024) in Abu Dhabi, we speak to the event's host, UAE Minister of State for Trade Thani Ahmed Al Zeyoudi about MC13 and the TradeTech initiative that the UAE is pursuing with the World Economic Forum. We also hear from WTO Director-General Ngozi Okonjo-Iweala on her hopes for MC13, and from Vincent Clerc, Chief Executive Officer, A.P. Møller-Maersk, with his views on trade tech. Read more about the TradeTech initiative: and the TradeTech Forum, 27 February, 2024: Read Thani Ahmed Al Zeyoudi's Agenda blog: The WTO's 13th Ministerial Conference, 26-29 February, 2024: Watch this session from Davos 2024: Watch Ngozi Okonjo-Iweala and Thani Ahmed Al Zeyoudi at this Davos Press Conference: Catch up on all the action from Davos at and across social media using the hashtag #WEF24. Check out all our podcasts on : - - : - : - : - : Join the :
Technology is revolutionizing global commerce and investment, and digitalizing the trade ecosystem holds the potential to increase trade by nearly $9 trillion by 2026 within the G7 alone. On the eve of the World Trade Organisation's 13th Ministerial Conference, MC13 (26-29 February, 2024) in Abu Dhabi, we speak to the event's host, UAE Minister of State for Trade Thani Ahmed Al Zeyoudi about MC13 and the TradeTech initiative that the UAE is pursuing with the World Economic Forum. We also hear from WTO Director-General Ngozi Okonjo-Iweala on her hopes for MC13, and from Vincent Clerc, Chief Executive Officer, A.P. Møller-Maersk, with his views on trade tech. Read more about the TradeTech initiative: https://www.tradetechglobal.org/home and the TradeTech Forum, 27 February, 2024: https://www.tradetechglobal.org/tradetechforum24 Read Thani Ahmed Al Zeyoudi's Agenda blog: TradeTech could be the future of international trade – here's why The WTO's 13th Ministerial Conference, 26-29 February, 2024: MC13 Watch this session from Davos 2024: TradeTech's Trillion-Dollar Promise Watch Ngozi Okonjo-Iweala and Thani Ahmed Al Zeyoudi at this Davos Press Conference: Transformation of Global Trade Catch up on all the action from Davos at wef.ch/wef24 and across social media using the hashtag #WEF24. Check out all our podcasts on wef.ch/podcasts: YouTube: - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552 World Economic Forum Book Club Podcast - subscribe: https://pod.link/1599305768 Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub
Deliberate Disruption of Trade https://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 12/19/23
Biden America | Actions vs Words https://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 12/19/23
“World War Trade with Tara and Lee” “Biden Chaos around the World” “Stupid ways not to Die” “Obama's America” https://www.audacy.com/989wordThe Tara Show Follow us on Social MediaJoin our Live StreamWeekdays - 6am to 10am Facebook: https://www.facebook.com/989wordRumble: https://rumble.com/c/c-2031096X: https://twitter.com/989wordInstagram: https://www.instagram.com/989word/ "Red Meat, Greenville." 12/19/23
On today's episode, financial journalist Govindraj Ethiraj talks to Journalist and columnist on trade issues Shankkar Aiyyar. We've also featured an excerpt from Episode #104 featuring Louis-Vincent Gave, founding partner and CEO of Gavekal, one of the world's leading providers of investment research. SHOW NOTES[00:00] Stories Of The Day[00:46] India's stocks are down but there is good news on bonds[05:39] The World Trade Organisation lumps India with an unusual trading bloc[13:01] Murdoch steps down from NewsCorp and the media assets he sold to Disney are on sale.[16:45] Factories are leaving China but which ones?For more of our coverage check out thecore.inInteract with us or ask us questions on TelegramSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
50 years ago, anarchism was written off by some as a set of outdated idealistic ideas that had no contemporary relevance. Then came protests at events such as World Trade Organisation meetings – protests by people who either described themselves as anarchists or were so described by the media. It all gave rise the question "Has anarchism actually got a future?" To answer this question, Ruth Kinna has written The Government of No One: The Theory and Practice of Anarchism (Pelican Publishing, 2020). Listen to her on conversation with Owen Bennett-Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
50 years ago, anarchism was written off by some as a set of outdated idealistic ideas that had no contemporary relevance. Then came protests at events such as World Trade Organisation meetings – protests by people who either described themselves as anarchists or were so described by the media. It all gave rise the question "Has anarchism actually got a future?" To answer this question, Ruth Kinna has written The Government of No One: The Theory and Practice of Anarchism (Pelican Publishing, 2020). Listen to her on conversation with Owen Bennett-Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science
50 years ago, anarchism was written off by some as a set of outdated idealistic ideas that had no contemporary relevance. Then came protests at events such as World Trade Organisation meetings – protests by people who either described themselves as anarchists or were so described by the media. It all gave rise the question "Has anarchism actually got a future?" To answer this question, Ruth Kinna has written The Government of No One: The Theory and Practice of Anarchism (Pelican Publishing, 2020). Listen to her on conversation with Owen Bennett-Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory
50 years ago, anarchism was written off by some as a set of outdated idealistic ideas that had no contemporary relevance. Then came protests at events such as World Trade Organisation meetings – protests by people who either described themselves as anarchists or were so described by the media. It all gave rise the question "Has anarchism actually got a future?" To answer this question, Ruth Kinna has written The Government of No One: The Theory and Practice of Anarchism (Pelican Publishing, 2020). Listen to her on conversation with Owen Bennett-Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/intellectual-history
50 years ago, anarchism was written off by some as a set of outdated idealistic ideas that had no contemporary relevance. Then came protests at events such as World Trade Organisation meetings – protests by people who either described themselves as anarchists or were so described by the media. It all gave rise the question "Has anarchism actually got a future?" To answer this question, Ruth Kinna has written The Government of No One: The Theory and Practice of Anarchism (Pelican Publishing, 2020). Listen to her on conversation with Owen Bennett-Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices
The World Trade Organisation is concerned food prices might rise after Russia pulled out of a deal to let Kyiv export grain. Sam Fenwick speaks to Director General Ngozi Okonjo-Iweala, who says she is still confident exports can resume after the breakdown of the Ukraine-grain deal.
The World Trade Organisation has warned of “sub-par” trade growth this year, and with a rather naïve optimism, it has urged multilateral collaboration in response. There is one cyclical and two structural reasons for trade to slow. Cyclically, the immediate post-pandemic era had a surge in spending on goods rather than services. Goods are traded more than services, so that boosted trade to a record share of the economy last year. As spending on goods and services normalizes, trade is likely to fall as a share of the economy.
Professor Ian Goldin explores globalisation, and asks how far the world is fragmenting politically and economically, and what the consequences of that could be. Since around 1990, with the end of the Cold War, the opening of China, global agreements to reduce trade barriers and the development of the internet, there has been a dramatic acceleration of globalisation. But its shortcomings are under the spotlight. Governments are making policy choices that protect their industries, and there's a knock on effect on other countries and consumers around the world. How can the challenges be addressed? With contributions from: Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation. Minouche Shafik, President and vice-chancellor of the London School of Economics Zanny Minton Beddoes, Editor of The Economist Rana Foroohar, Financial Times commentator and author. Kishore Mahbubani, former Ambassador to the UN Credits: CBS News, 24.09.19 – Donald Trump addressing the UN General Assembly in New York, pushing his ‘America First' agenda. Conservative party, 02.10.19 – Boris Johnson at Conservative party conference ‘Let's get Brexit done.' The White House, 04.03.22 – Joe Biden announce his ‘Made in America' commitments. World Economic Forum, 18.01.23 - German Chancellor, Olaf Scholz, addresses the World Economic For in Davos, warning of the dangers of de-globalisation. BBC Newsnight,19.02.97 - Reporter Mike Robertson, reports on Xiao Ping's economic legacy. BBC interview, 2005 - Tim Berners Lee describes the creation of the worldwide web. BBC Newsnight, 10.11.89 – reporter piece from the Berlin Wall. BBC Radio 5Live, 26.01.23 – Latest UK car manufacturing figures from 5Live presenter Rachel Burden and detail from BBC Business editor, Simon Jack. Courtesy, Ronald Reagan Presidential Library, 26.11.88 – Ronald Reagan's radio address to the nation where he reminds the US to be thankful for economic prosperity generated by global trade. Courtesy, William J. Clinton Presidential Library, 28.01.2000 - President Clinton addresses the World Economic Forum about the connections between the global economy and US prosperity.
Nigerians head to the polls very soon, in what's expected to be a very closely-contested election. In this episode of Business Daily Rob Young explores how the economy could impact the vote. Africa's largest economy, is struggling with soaring prices, fuel shortages and insecurity. We hear from Maty Ukhuegbe Osaro who runs a restaurant in Lagos called The Fish Lady, she tells us how the pandemic and rising prices have affected her business and about her hopes for the outcome of this election. Economist and financial business boss, Bismarck Rewane, says us the uncertainty around the election has led some large businesses to hold off taking key decisions and Ngozi Okonjo-Iweala, the director general of the World Trade Organisation, and former finance minister in Nigeria tells us she's optimistic about Nigeria's economic potential. Presenter / producer: Rob Young Image :Campaign rally for the Labour Party in Lagos; Credit: Getty Images
The World Trade Organisation was set up in 1995 to enable the multilateral trading system. But in the past decade, it's come under pressure. Now, the global economy looks set to enter an unstable new phase. Host Anne McElvoy and Henry Curr, The Economist's economics editor, travel to the WTO's headquarters in Geneva to ask Dr Ngozi Okonjo-Iweala, the director-general, how trade can mitigate the pain. They discuss how supply chains need to change and assess the trade-off between efficiency and equality. Dr Okonjo-Iweala examines the rift between China and America and how the WTO needs to reform. Please subscribe to The Economist for full access to print, digital and audio editions:www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.