Monthly Archives: September 2004

WTO report on US cotton subsidies

*Hit with a brick* could sum­ma­rize this sto­ry. The WTO Dis­pute Pan­el report con­demn­ing US Cot­ton Sub­si­dies is 3cm thick and weighs more than a kilo. Key points: some mar­ket­ing sup­ports built into the 2002 Farm Bill are ille­gal export sub­si­dies that must be elim­i­nat­ed. Some income sup­ports in the Farm Bill that the USA […]

Using trade barriers to safeguard ‘values’

This speech is impor­tant, if you’re inter­est­ed in the prob­lems of glob­al gov­er­nance. It’s an inter­est­ing, typ­i­cal­ly intel­lec­tu­al, part­ing shot from one of Europe’s bright­est and most expe­ri­enced pub­lic ser­vants. Lamy’s argu­ment doesn’t suc­ceed, in my view, because he jumps too eas­i­ly from a descrip­tion of the suc­cess with which WTO has han­dled this chal­lenge […]

Would Kerry cut foreign investment?

Robert Got­tlieb­sen, _The Australian’s_ busi­ness colum­nist, is *ring­ing alarm bells* over Sen­a­tor Kerry’s threat to attack US tax incen­tives for for­eign direct invest­ment and ‘off­shoring’. But the incen­tives are only a *small frac­tion* of the US income from for­eign direct invest­ment; their with­draw­al would be unlike­ly to impact Chi­na and India at all. Got­tlieb­sen quotes […]

WTO World Trade Report 2004

Some bomb­shells in this round up of world trade data and recent think­ing on glob­al eco­nom­ic pol­i­cy. Don’t be fooled by the bland exte­ri­or: there are chap­ters on the role of eff­fec­tive gov­ern­ment in trade suc­cess (enforce­abil­i­ty of con­tracts is a good proxy), the role of inter­na­tion­al car­tels in theim­port prices paid by devel­op­ing coun­tries […]

Lion Nathan quits China

Australia’s sec­ond-biggest brew­er was chased out of the Chi­nese mar­ket by com­pe­ti­tion for mar­ket share and the dif­fi­cul­ty of man­ag­ing a dis­­tri­b­u­­tion-based busi­ness in Chi­na Accord­ing to “The Age”: Lion Nathan’s three brew­eries in the Yangtze Riv­er delta increased sales vol­umes by an *astound­ing 63 per cent* in the six months to March 31 but […]

How to improve trade with China

Four ‘to do’ items list­ed by a top offi­cial of China’s trade and invest­ment pro­mo­tion agency for a vis­it­ing US del­e­ga­tion. Com­peti­tors take note. The Chi­na Coun­cil for the Pro­mo­tion of Inter­na­tion­al Trade (CCPIT) pro­motes trade and invest­ment in both direc­tions. It’s “website”: is an *essen­tial port of call* for any­one look­ing for the offi­cial […]

Global integration builds

Not even a com­bi­na­tion of dis­as­ters have stopped the trend to glob­al inte­gra­tion. Fas­ci­nat­ing data just released from the A T Kearny sur­vey of glob­al inte­gra­tion in 2002 shows that the world net­works of com­mu­ni­ca­tion, per­son­al con­tact and polit­i­cal engage­ment grew stronger despite a con­tin­ued fall in for­eign invest­ment and for­eign trav­el in that year. […]