The outbreak of COVID-19 last year had a more serious threat to world trade than ever before. With massive and continuous policy stimulus from governments, the recovery was driven by an 8% increase on a quarter-over-quarter basis in world trade in the fourth quarter of 2020. However, there are concerns on the impact of a proliferation of rregional trade agreements (RTAs) or bilateral negotiations on the world trade system.
In this upcoming RadioFinance session, Robert Koopman, chief economist and director of economic research and statistics division at the World Trade Organization (WTO), and Emmanuel Daniel, founder of The Asian Banker and Wealth & Society, will interpret newly released WTO Trade Forecast 2021-2022 and analyse the complex interplay of factors shaping the global trade system. How do political, economic and technological dynamics shape the future of global trade? Can WTO rebuild all members’ confidence in rules-based multilateral trading system through internal reform? How can one rebuild supply chain resilience that has been permanently changed? What are the opportunities that can resolve the clash over trade matters among the US, China and the EU?
The COVID-19 Series is a collection of radio sessions that will be broadcast live on social media platforms to about 30,000 listeners in the financial services sector to survey the impact of the pandemic across the globe, potential aftershocks businesses may face and possible line of action in the days ahead.