hands on home - rebuilding trade relations

Is It Just a Phase? Redesigning Trade Deals in the Age of Trump

The U.S. and China signed a trade deal on Jan 15. Attempting to rewire China’s economic system cannot be achieved in one pass – an agreement this ambitious would have to be built in phases. What does that mean for the future of trade deals?

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Laboring for Trade

Labor provisions are an increasingly important feature in trade agreements. But do they work? Despite the attention paid to labor provisions in trade deals like USMCA, domestic policy, not trade agreements, might be the most direct – and most effective – way to improve workers’ lot, especially in advanced countries like the United States.

Patriot

Comparative Advantage Revealed: What the U.S. Could Gain from an FTA with Brazil

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.

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Japan Mini-Deal A Victory for U.S. Agriculture?

Many American farmers and ranchers breathed a sigh of relief when the United States and Japan formally signed a U.S.-Japan Trade Agreement in September. However, U.S. agricultural producers are not completely out of the woods.

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Life After Brexit for the EU and UK

In 2016 the United Kingdom voted to leave the European Union (EU). The three years of negotiation that ensued have thus far been about the terms of a “withdrawal agreement” which provides for a transition trade agreement. The longer-term trade arrangements between the EU and the UK are still up for negotiation.

Asian college student

Should Women Have Their Own Provisions in Free Trade Agreements?

As rallying calls of “Trade for All” and economic inclusion reverberate throughout national trade agendas, international forums, and across trade negotiation tables, here’s a closer look at trade and gender issues, how trade agreements of the past have addressed them, and how a new generation of trade and gender chapters aim to change the narrative.

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APEC: Trade Accelerator in the Asia-Pacific & Beyond

The Asia-Pacific Economic Cooperation (APEC) is an incubator of trade policy ideas and a pragmatic driver of initiatives in emerging areas of trade that matter not only to the Asia-Pacific region, but also globally. Digital trade is one case study that shows how APEC serves as a building block in the iterative process of co-creating norms for trade.

Latin American teen

Child Labor Still a Scourge in Commonly Traded Goods

An estimated 152 million children in the world today are in child labor. Provisions on labor issues have proliferated in trade agreements since NAFTA was implemented. But child labor is a complex problem requiring complex and situational solutions. Only concerted action in local communities and throughout global supply chains will make widespread and demonstrable improvements to lives of the millions of children who are mainly not included in the scope of a trade agreement.

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Wringing the Water from Tariff Schedules

Every policy realm has its jargon. Trade policy is no exception. The difference between a country’s weighted average bound tariff and its weighted average applied tariff is called “water in the tariff schedule”. It’s a topic of discussion in WTO negotiations over what the starting point for tariff cuts should be.

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Time to Renew the WTO

The bountiful show of cherry blossoms in Washington DC is a reliable harbinger of spring renewal. When they bloom in Japan, communities pause to appreciate their beauty and reflect on renewal. As WTO members start to design critical reforms to the global trading system, they should carry a renewed commitment to its future and a renewed vision to match that of its founders.