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WTO: Services trade to take major hit amidst COVID-19 pandemic

The WTO’s regular global trade forecast released today deserves special attention as it tries to grapple with the as yet hard-to-quantify impact of the COVID-19 pandemic on global economic growth and on trade. Trade is always disproportionately negatively affected by economic shocks compared to global output. And this time is …

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Week in Brussels: Singapore services, Indonesia, trade opinion and the European urban middle class

All good things happen on a Friday afternoon when everyone wants to head off into the week-end: the EU just released its offer to the United States towards the conformity assessment agreement they are currently negotiating. If you were wondering what to read over the week-end, here it is! High …

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Services domestic regulation: WTO subgroup makes headway below radar

Is small beautiful? And is not having the United States on board a trade negotiation even more so? That could well be, as shown by the state of very below-the-radar discussions on ‘services domestic regulation’ unfolding in the World Trade Organization. A group of about 30 WTO members have been …

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EU Japan EPA text analysis – Easy on the ambition?

The European Commission published the bulk of the text of the EU Japan Economic Partnership Agreement in early December last year.   Below some highlights of the pact and some comments – result of your truly’s Christmas break reading. The deal favours significantly EU exporters and is relatively unambitious in services.