Election or referendum in Great Britain

How will Brexit Affect the UK’s Trade Relationships?

The UK has opted to leave the EU. Now it must figure out a new trade architecture for itself that keeps its global commercial relationships in tact.

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Wind turbine with green sky

Environmental Goods Agreement

The Environmental Goods Agreement (EGA) is an effort by 17 participants representing 46 WTO Members to eliminate tariffs on a range of goods related to protecting or improving the environment. Together, these 46 Members account for 90 percent of environmental goods trade worldwide. The EGA would eliminate tariffs on a negotiated list of products designated as “environmental goods,” and would be signed by a subset of WTO Members. Trade practitioners call this type of agreement a plurilateral sectoral agreement: many countries, one sector.

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How Much Is The World Buying Over the Internet?

Globally, e-commerce sales are projected to surpass $3.5 trillion within the next five years. China and the U.S. account for over 55 percent of global e-commerce, but digital consumption is growing around the world even in markets that still heavily operate on a cash-on-demand basis, like India. The major American e-commerce platforms Amazon and eBay are growing their share in overseas markets but they face stiff competition from companies vying for new online shoppers around the world.

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Futuristic smart glasses

Information Technology Agreement 2.0

The WTO Information Technology Agreement (ITA), which removes tariffs on information and communication technologies (ICTs), got an overdue upgrade last year when 24 participants representing 53 WTO members agreed to nearly double the products included in the agreement.

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detroit-muscle-red

Made in North America

On the average day, approximately $2.4 billion worth—2 million tons—of goods move between the United States, Canada, and Mexico. The United States and Mexico alone trade more than a million dollars' worth of goods and services every minute.

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Lawnmower

Skirts on Lawnmowers and Other “Non-Tariff” Barriers to Trade

Countries often use a variety of tactics to give their home-grown companies a leg up over foreign competitors, like requiring "skirts" on lawnmowers of competitors. These are non-tariff barriers.

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Man with tablet

The Rise of Global Value Chains (GVCs)

Thanks to technology and policy improvements, modern production is increasingly organized around the set of tasks required to bring a product to market, from invention to final use. These tasks form "value chains" of different firms in different places whose activities are precisely coordinated.

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China’s Lagging Services Economy

Services represent just under 50% of gross domestic product in China compared with 63% in Russia, 70% in Brazil, and 52% in India. China could rebalance export oriented growth if it adopts a more open and transparent services economy.

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Trade in Services Agreement (TiSA)

The services sector is the world's largest employer and produces 70 percent of global domestic product (GDP). But the last major trade in services agreement was concluded by WTO Members more than twenty years ago.

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Trade Facilitation Agreement

Members of the World Trade Organization (WTO) negotiated the 2014 Trade Facilitation Agreement (TFA) to expedite “the movement, release and clearance of goods, including goods in transit.”

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