TradeVistas | U.S.-EU carousel tariff retaliation

Carousel Retaliation: Tariff Uncertainty on Another Ride

In response to WTO-illegal European subsidies to its aircraft industry, the U.S. administration is reportedly considering what is known as “carousel” retaliation against the EU – a regular rotation of goods targeted for tariffs, designed to impose maximum pain. The United States and Europe have been on this ride before.

TradeVistas | doubts about the WTO are growing like weeds in the United States

American Doubts About the WTO are Growing Like Weeds

U.S. leadership in the World Trade Organization (WTO) could serve as a counterbalance to China’s growing influence. But a new poll from TradeVistas shows that first, Americans need to know why they should care about the WTO.

TradeVistas | spring brings renewal - for cherry blossoms & opportunities for WTO reform

Time to Reform (And Renew) the WTO

As World Trade Organization (WTO) members reform the global trading system, they should carry a renewed commitment to its future and a renewed vision to match that of its founders. We’ve come to rely on the WTO yet rarely stop to appreciate it. As evidenced by the results of a July 2020 TradeVistas poll, the public has very little understanding of the institution’s role.

TradeVistas | services trade during the coronavirus pandemic

With Zoom, We Are All Trading in Services

During the Covid-19 pandemic, technology keeps the world connected and allows global trade in services to continue. The WTO outlines four modes of delivery for services trade.

TradeVistas | GPA Government Procurement

Erasing the Global Gains from the WTO Government Procurement Agreement?

The WTO Government Procurement Agreement (GPA) covers $1.7 trillion in global government procurement trade across 48 countries, including the United States. But the Trump Administration may pull out of the GPA to support “Buy American” – a move that will come with unintended consequences for U.S. businesses.

Woman hands squeeze wet blue towel and water drop

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.

Education for Africa: Technology Symbol African Woman Studying Learning Lesson

Have Trade “Preference” Programs Kept Up with the Times?

The concept of creating a generalized, non-reciprocal system of preferences for developing countries dates back to 1968. But enabling legitimate forms of discrimination has predictably had positive and negative consequences and there’s little economic data to demonstrate the programs have accrued significant benefits.

Fisheries subsidies

Fisheries subsidies: The WTO’s New Year’s Resolution for 2019?

Government subsidies to fishing industries may be accelerating the depletion of fish stocks. Nearly 90 percent of the world’s fish stocks are at risk of being overfished. WTO members first started negotiating on fisheries subsidies in 2001 and have vowed to reach an agreement restraining these kinds of subsidies by the end of 2019.

Vector 404 error website banner concept

Is WTO Reform Necessary?

When the General Agreement on Tariffs and Trade (GATT) was first agreed by 23 original contracting parties in 1947, there were no guarantees that the rules would endure. Today, WTO membership stands at 164 countries — representing collectively, more than 98 percent of global trade. But for an institution to endure, it must remain relevant.

Afghanistan accession

The WTO Supports Economic Resolutions

New WTO members Afghanistan and Liberia are cheerleaders for other countries seeking WTO membership, including Iraq, Somalia and Timor-Leste. These countries are resolved to rebuild their post-conflict economies and believe that making commitments in the WTO will undergird necessary, but difficult, economic reforms at home.