Trade negotiators rarely get to celebrate a victory. The United States, for example, has been negotiating over 15 bilateral free trade agreements, with none concluded since the Korea-US agreement was finalized at the end of 2010. This makes the recently finalized Trans-Pacific Partnership (TPP) agreement between the United States and 11 other countries all the more remarkable. But the TPP still faces major hurdles, not least a divisive ratification debate in the U.S. Congress, which has already become entangled in presidential electioneering. Meanwhile, as WTO delegates prepare for their biannual ministerial meeting in Nairobi in December, they are unable to agree even on whether they should switch off the respirator on the the Doha Development Agenda, a multilateral trade round that was initiated back in December 2001, which has been floundering over at least the last seven years.
International trade has doubled as a share of world GDP over the last 50 years. Without it, the global economy would grind to a halt. The highways of trade are much freer today than they were decades ago, but there are still plenty of barriers. If the world is to move beyond the slow growth that has followed the 2007–8 crisis (what the IMF calls the “mediocre new normal”) it will have to continue to chip away at these impediments, or at least prevent the creation of new ones.
One place to start is to address some dangerous misconceptions about international trade. Some of these bad ideas are new, others have been around for a long time and have routinely been disproved. These ideas can impede progress, and if they get into enough of the wrong heads, they are bound to lead to big policy mistakes.
Global Preventive Diplomacy Initiative Launched in New York Ahead of UNGA 80
New York, NY — The Global Preventive Diplomacy Initiative (GPDI) was launched at an exclusive event organized by the Center for International Relations and Sustainable Development (CIRSD) on the top floor of New York’s iconic MetLife Building, bringing together diplomats, philanthropists, business leaders, academics, and thought leaders for a conversation on the future of conflict prevention and international cooperation. The launch came just days before the opening of the 80th Session of the United Nations General Assembly, which annually brings together heads of state and government for the High-Level General Debate — making New York the world’s diplomatic capital.
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Eighty years after its founding, the UN finds itself at a critical juncture. Its purpose is on trial, and its mission urgently requires recalibration. The world it inherited from the scorches of the Second World War no longer exists, yet many of the organisation’s practices remain rooted in a bygone era – out of sync with today’s realities and detached from those it was created to serve.
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CIRSD President Vuk Jeremić to SINA Finance: Multilateralism Will Evolve, Not Disappear
Below is the full text of the interview:
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