43 episodes

Back to the Future: a New Era of Managed Trade?

Globalisation’s next chapter is being written, driven by concerns about supply chain risks. The global trade in goods is increasingly seen through a security prism in capitals around the world and governments are developing new policies to reduce unwanted dependencies, seek new sources of leverage and guarantee supplies. Trade links are being reordered as policymakers scramble to secure access to strategic materials and positions in global value chains. Meanwhile, geopolitical turbulence and climate ambitions are giving rise to industrial policies, sanctions and a growing use of subsidies.

From investment screening to quotas to export controls, policymakers are proposing an increasing number of tools and policies to steer trade and investment flows. But despite worries about protectionism and fragmentation, trade continues as the private sector manages risk by embracing diversification. Elections in the US, EU, Mexico, UK, Indonesia, India and elsewhere may also lead to a reordering of the global politics of trade. Has the global trade system entered an era of managed trade? What will it mean for regional approaches to trade, and what does it mean for multilateralism and the WTO? Ultimately, the main question could be: who is in the driving seat in this brave new world for trade?

AIG Global Trade Series AIG

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    • 5.0 • 3 Ratings

Back to the Future: a New Era of Managed Trade?

Globalisation’s next chapter is being written, driven by concerns about supply chain risks. The global trade in goods is increasingly seen through a security prism in capitals around the world and governments are developing new policies to reduce unwanted dependencies, seek new sources of leverage and guarantee supplies. Trade links are being reordered as policymakers scramble to secure access to strategic materials and positions in global value chains. Meanwhile, geopolitical turbulence and climate ambitions are giving rise to industrial policies, sanctions and a growing use of subsidies.

From investment screening to quotas to export controls, policymakers are proposing an increasing number of tools and policies to steer trade and investment flows. But despite worries about protectionism and fragmentation, trade continues as the private sector manages risk by embracing diversification. Elections in the US, EU, Mexico, UK, Indonesia, India and elsewhere may also lead to a reordering of the global politics of trade. Has the global trade system entered an era of managed trade? What will it mean for regional approaches to trade, and what does it mean for multilateralism and the WTO? Ultimately, the main question could be: who is in the driving seat in this brave new world for trade?

    Car Wars (Part 1) - The US, China and Electric Vehicles

    Car Wars (Part 1) - The US, China and Electric Vehicles

    Panellists:  Scott Kennedy, Senior Advisor and Trustee Chair in Chinese Business and Economics, CSIS (Center for Strategic & International Studies)Wendy Cutler, Vice President and Managing Director, Washington, D.C. Office, ASPI (Asia Society Policy Institute)
    Moderator:  Rem Korteweg, Senior Research Fellow, Clingendael Institute
    This podcast episode was recorded on 24 May 2024.
     The 2024 edition of the AIG Global Trade Series explores the theme of ‘Back to the Future: A New Era of Managed Trade?’
    Amid rising concern about the effect of China’s industrial overcapacity on global markets, the US has adopted tariff measures intended to address China's trade practices and industrial policy in several strategic sectors, notably electric vehicles (EVs).  In retaliation for what Beijing sees as US protectionism, China is moving ahead with tariffs on US imports, including cars.  Move and counter-move have propelled the issue of EVs to the centre of US-China trade relations.
    What are the political, economic and technological dynamics of the competition between Washington and Beijing over EVs?  Where does the EV issue feature in the US-China dialogue on climate action?  And is the sparring between Washington and Beijing on EVs a harbinger of escalation in their trade relations more broadly?
    ___
    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: 
    the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); CITD - the Center on Inclusive Trade and Development at Georgetown University Law Center (US); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).
    The views and opinions expressed in this podcast series are those of the speakers and do not reflect the views, policy or position of American International Group Inc, or its subsidiaries or affiliates (AIG). Any content provided by the speakers in this podcase series is their opinion, and is not intended to malign any religion, ethnic group, club, organization, company, individual or group of individuals or anyone or anything. AIG makes no warranty or representations as to the accuracy, completeness, correctness or validity of any information provided during this podcast series, and AIG will not be liable for any errors, inaccuracies or omissions in the information provided during this podcast series or any damages, losses, liabilities, injuries resulting from or arising from the Podcast including your use of the Podcast. 

    • 36 min
    Mexico and Brazil — Trading Up?

    Mexico and Brazil — Trading Up?

    Panellists: Victor do Prado, Senior Fellow, Brazilian Center for International Relations – CEBRI
    Shannon O'Neil, Vice President of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies, Council on Foreign Relations
     Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute
    This podcast episode was recorded on 4 April 2024.
     
    The 2024 edition of the AIG Global Trade Series explores the theme of ‘Back to the Future: A New Era of Managed Trade?’
    With geopolitics, concerns for economic security and ambitious industrial policies creating new trading patterns and dependencies, global value chains are being reshaped. This fluid new landscape of global trade presents both opportunities and challenges for two of Latin America’s strongest economies: Mexico and Brazil.
    What are the main factors driving the integration of Mexico and Brazil in global value chains? How has the Biden Administration’s industrial strategy impacted Mexico and how is Brazil leveraging its relationship with China, its major source of FDI? What role is trade playing in the industrial development of both countries? And what does the experience of Mexico and Brazil tell us about the place of Latin America in the global economy?
    ___

    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); IIEL - the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).
    The views and opinions expressed in this podcast series are those of the speakers and do not reflect the views, policy or position of American International Group Inc, or its subsidiaries or affiliates (AIG). Any content provided by the speakers in this podcase series is their opinion, and is not intended to malign any religion, ethnic group, club, organization, company, individual or group of individuals or anyone or anything. AIG makes no warranty or representations as to the accuracy, completeness, correctness or validity of any information provided during this podcast series, and AIG will not be liable for any errors, inaccuracies or omissions in the information provided during this podcast series or any damages, losses, liabilities, injuries resulting from or arising from the Podcast including your use of the Podcast. 

    • 50 min
    Trade and the Ballot Box: US and UK Elections 2024

    Trade and the Ballot Box: US and UK Elections 2024

    The 2024 edition of the AIG Global Trade Series explores the theme of ‘Back to the Future: A New Era of Managed Trade?’

    This special episode, recorded live at Chatham House on the eve of their 2024 Global Trade Conference, considers the potential repercussions on trade of the upcoming US and UK elections.
     
    In the UK, current polling suggests that the Labour Party of Sir Keir Starmer is heading for victory whenever the election is called.  Across the Atlantic, Joe Biden and Donald Trump are set for the first rematch in an American presidential election for 70 years.
     
    What do the various potential election outcomes mean for British and American trade policy?   And what might they mean for global trade?
    Panellists:       Creon Butler, Director, Global Economy and Finance Programme, Chatham House
    Jennifer Hillman, Professor, IIEL at Georgetown Law; Co-Director of The Center on Inclusive Trade and Development, Georgetown Law
    Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute
    This podcast episode was recorded on 7 March 2024.___
    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); IIEL - the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).
    The views and opinions expressed in this podcast series are those of the speakers and do not reflect the views, policy or position of American International Group Inc, or its subsidiaries or affiliates (AIG). Any content provided by the speakers in this podcase series is their opinion, and is not intended to malign any religion, ethnic group, club, organization, company, individual or group of individuals or anyone or anything. AIG makes no warranty or representations as to the accuracy, completeness, correctness or validity of any information provided during this podcast series, and AIG will not be liable for any errors, inaccuracies or omissions in the information provided during this podcast series or any damages, losses, liabilities, injuries resulting from or arising from the Podcast including your use of the Podcast. 

    • 39 min
    Securing access to critical metals – is US and EU collaboration possible?

    Securing access to critical metals – is US and EU collaboration possible?

    Supply, demand and contrasting approaches to security in critical metals.
    Panellists:        Kathleen Claussen, Professor of Law, Georgetown Law  
    Simon Evenett, Professor of International Trade and Economic Development, St. Gallen University; Founder of the St. Gallen Endowment for Prosperity Through Trade   
    Moderator:      Rem Korteweg, Senior Research Fellow, Clingendael Institute 
    This podcast episode was recorded on 27 February 2024. 
    The 2024 edition of the AIG Global Trade Series explores the theme of ‘Back to the Future: A New Era of Managed Trade?’  
    Alongside decarbonisation, the digital transition is leading to higher demand for specialty metals and rare earths elements. With the chemical properties of cobalt, lithium and gallium amongst others being crucial to the production of advanced technologies, and the lack of substitutes, these critical metals are imported from abroad from specific locations. 
    This concentration of resources, and the consequently increased risk of disruption, has led to concerns about these supply chains being weaponised or leveraged as tools of economic coercion by a producing or processing country. Given the strategic importance to them both of these critical metals, how can the EU and the US secure their access?  This episode explores the dynamics of trade flows in critical resources from both European and US perspectives.   
    Related content from GTS Contributors:  Report – Authors: Simon Evenett and Johannes Fritz | The Scramble for Critical Raw Materials: Time to Take Stock? 
    Blog – Author: Kathleen Claussen | What is a Free Trade Agreement, Anyway?
    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); IIEL - the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).  
    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.   

    • 47 min
    Where does globalisation go from here?

    Where does globalisation go from here?

    Where does globalisation go from here?
    Changing dynamics of the global trade landscape

    Panellists:       
    Cecilia Malmström, former European Commissioner for Trade; Nonresident Senior Fellow, Peterson Institute for International Economics
     
    Jeongmin Seong, Partner, McKinsey Global Institute (MGI)
     
    Deborah Elms, Founder and Executive Director, Asian Trade Centre
     
     
    Moderator:     
    Rem Korteweg, Senior Research Fellow, Clingendael Institute
     
    This podcast episode was recorded on 2 November 2023.


    The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.
     
    A major theme of the year in global trade has been the reshaping of
    global value chains and the consequent rise in supply chain risk. In response, policy-makers have focused on economic security - reducing unwanted economic dependencies and mitigating the risk of economic coercion.  This has helped fuel industrial policy, given new significance to the use of subsidies, and encouraged diversification and 'friend shoring’.

    Yet for all this, global trade is continuing. So how much change has actually taken place? Is the world de-globalising? And how have these trends manifested in Asia, Europe and the Americas?
     
    In this podcast, the GTS 2023 season finale, experts discuss how global trade flows are evolving and assess the outlook for the continued regionalisation of trade in 2024.

    ___________________________________________

    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the ⁠⁠⁠⁠⁠⁠Aspen Institute Germany⁠⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠⁠Chatham House (UK)⁠⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠⁠CEBRI - the Brazilian Center for International Relations⁠⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠⁠Clingendael Institute⁠⁠⁠⁠⁠⁠ (The Netherlands); ⁠⁠⁠⁠⁠⁠Institute of International Economic Law at Georgetown University Law Center ⁠⁠⁠⁠⁠⁠(US); ⁠⁠⁠⁠⁠⁠ISPI - the Italian Institute for International Political Studies⁠⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠⁠Jacques Delors Institute⁠⁠⁠⁠⁠⁠ (France); ⁠⁠⁠⁠⁠⁠RIETI - the Research Institute of Economy, Trade and Industry⁠⁠⁠⁠⁠⁠ (Japan) and the ⁠⁠⁠⁠⁠⁠St. Gallen Endowment for Prosperity through Trade⁠⁠⁠⁠⁠⁠ (Switzerland). 

    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

    • 48 min
    The Future of Digital Standards Setting

    The Future of Digital Standards Setting

    Regional competition or global harmonisation?

    Panellists:       
    Anu Bradford, Professor of Law and International Organization, Columbia University
    Karen Kornbluh,
    Distinguished Fellow for Technology and Competitiveness, German Marshall Fund
     
    Moderator:     
    Rem Korteweg, Senior Research Fellow, Clingendael Institute
     
    This podcast episode was recorded on 26 October 2023.
     
    The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.
     
    The proliferation of Artificial Intelligence and other data driven services will have a transformative impact on world trade.  At the
    same time, expanding regulation of the digital economy – be it related to AI, concerns around disinformation or cyber security - will also have profound implications for the way trade is conducted. 
    In this context the issue of who sets the standards for the global digital economy - and how it is regulated - becomes critical, especially as standard setters often have a material advantage in the market.
     
    So how can different approaches to digital regulation be reconciled against a backdrop of geopolitical tension and macroeconomic insecurity? What is the risk of the digital trade space becoming more fragmented? And what does this mean for the future of trade overall?


    ___________________________________________

    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the ⁠⁠⁠⁠⁠Aspen Institute Germany⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠Chatham House (UK)⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠CEBRI - the Brazilian Center for International Relations⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠Clingendael Institute⁠⁠⁠⁠⁠ (The Netherlands); ⁠⁠⁠⁠⁠Institute of International Economic Law at Georgetown University Law Center ⁠⁠⁠⁠⁠(US); ⁠⁠⁠⁠⁠ISPI - the Italian Institute for International Political Studies⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠Jacques Delors Institute⁠⁠⁠⁠⁠ (France); ⁠⁠⁠⁠⁠RIETI - the Research Institute of Economy, Trade and Industry⁠⁠⁠⁠⁠ (Japan) and the ⁠⁠⁠⁠⁠St. Gallen Endowment for Prosperity through Trade⁠⁠⁠⁠⁠ (Switzerland). 

    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

    • 52 min

Customer Reviews

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3 Ratings

3 Ratings

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Outstanding podcast on trade

This podcast is essential listening for those interested in trade issues.

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