Education ranked fifth among all U.S. services exports in 2018. But now travel restrictions due to COVID-19 leaves international students questioning whether to pursue studies abroad or rely on virtual education.
It is still too early to know the impact of COVID-19 and the trade war on the global supply chain. But did trade policies already induce nearshoring?
Wildlife trade is a multibillion dollar business that is under scrutiny due to its impacts on human health, animals, and habitats around the world. The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) aims to ensure that international trade in plants and animals does not threaten their survival.
Social distancing means people suddenly have a lot of free time. International trade makes home activities during Covid-19 – from baking to yoga – possible. Trade can help us learn a new skill, create something, or better ourselves.
European wine is getting caught in a decades old trade dispute. But tariffs on imported wines from France, Germany, or Spain are a lose-lose for the U.S. wine industry. European winemakers may just shift their exports to avoid U.S. tariff pain and grow their market share in emerging economies like China.
As more people grow concerned about where their products come from, how they are sourced, and the processes used to make them, demand for sustainable products could begin to reshape global trade.
Corruption is one of the most costly non-tariff barriers in global trade. The trouble is, there is no one-size-fits-all solution. Tackling corruption to promote legitimate trade would have positive impacts on millions around the world. An OECD report suggests a mix of approaches.
President Trump and Brazilian President Jair Bolsonaro announced their desire to “build a new partnership” after meeting in August, potentially through a bilateral free trade agreement. Beyond any political merits or challenges, the potential commercial benefits of a U.S.-Brazil FTA can be shown through textbook economics.
The civil war raging in Syria for eight years now has taken an immense physical, social and economic toll on the country. The longer conflict persists, the deeper the separation from global society, and the harder it will be to rebuild the economic mechanisms and institutions necessary to increase trade and encourage economic growth.
Music festivals cater to every taste in the world, drawing crowds of music fans who travel from the furthest reaches to hear their favorite artists. You don’t have to cross borders to get cross-border delivery of entertainment services. Coachella this year featured Korean girl group BLACKPINK, Colombian performer J Balvin, and French producer DJ Snake among the American performers.
