Uncategorised

Is the world experiencing de-globalisation or just a geographical reorganisation of trade?

14 October 2022 Maria Savona is Professor of Economics of Innovation at the Science Policy Research Unit (SPRU) at the University of Sussex Business School and Full Professor at the Department of Finance and Economics at LUISS Business School in Rome. Filippo Bontadini is Assistant Professor in Applied Economics at LUISS and Associate Fellow at SPRU, University of Sussex. Valentina Meliciani is Professor of Applied Economics and Dean of the School of European Political Economy at LUISS. Ariel L. Wirkierman is Lecturer in Economics at Goldsmiths, University of London. After the great recession of 2008-2009, the world economy seemed to enter a phase of de-globalisation or deceleration in globalisation. But, is this really the case? Are we actually just experiencing a reorganisation and regionalization of production and value chains? Are these trends similarly affecting Europe, Asia-Pacific and the Americas, or are there regionally distinctive trends? […]

By Nick Phipps|2022-10-14T16:14:29+01:0014 October 2022|Uncategorised|0 Comments

Should trade policy be used to tackle forced labour?

16 September 2022 Erika Szyszczak is a Fellow of the UK Trade Policy Observatory and Professor Emerita of Law at the University of Sussex. On 23 February 2022, in a Communication on decent work worldwide, the EU announced a new legislative initiative tackling issues of sustainability and working conditions in global trade. [1] On the same day, the European Commission published a proposal for a Directive on corporate sustainability due diligence. […]

By Nick Phipps|2022-09-16T17:57:43+01:0016 September 2022|Uncategorised|1 Comment

New Government, new trade policy?

12 September 2022 Michael Gasiorek is Director of the UK Trade Policy Observatory and Co-Director of the Centre for Inclusive Trade Policy. He is Professor of Economics at the University of Sussex Business School. Once again, the UK has a new Prime Minister, a new cabinet, and thus a new Secretary of State for International Trade. This is the 4th Secretary of State for trade in five years! […]

By Nick Phipps|2022-09-12T12:45:34+01:0012 September 2022|UK - Non EU, UK- EU, Uncategorised|0 Comments

Freeports: why the sudden excitement?

22 August 2022 Peter Holmes is a Fellow of the UK Trade Policy Observatory and Emeritus Reader in Economics at the University of Sussex Business School. Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO. After time in the shade, Freeports are back in the news. The policy has been embraced and a subject of discourse by both PM candidates, Rishi Sunak and Liz Truss, as part of their “benefits from Brexit” claims and “levelling up” strategies. There has also recently been concern by some commentators that Freeports risk becoming ‘Charter Cities’. […]

By Nick Phipps|2022-08-22T12:43:46+01:0022 August 2022|UK - Non EU, UK- EU, Uncategorised|3 Comments

What has happened to UK-Japan trade one year after signing the CEPA FTA?

8 August 2022 Minako Morita-Jaeger is Policy Research Fellow at the UK Trade Policy Observatory andSenior Research Fellow in International Trade in the Department of Economics, University of Sussex. Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO. The UK-Japan Comprehensive Economic Partnership Agreement (CEPA) came into force in January 2021, as part of the UK’s post-Brexit trading arrangements. CEPA was designed to largely replicate the EU-Japan Economic Partnership Agreement (EPA), to which the UK had been a party. On the face of it, there was little additional economic value to the UK, since CEPA provisions follow EPA provisions so closely, except for a chapter on digital trade. […]

By Nick Phipps|2022-08-08T13:13:29+01:008 August 2022|UK - Non EU, Uncategorised|54 Comments

Northern Ireland Protocol Bill: is it all just a ploy?

14 June 2022 Mattia Di Ubaldo is a Fellow of the UK Trade Policy Observatory and a Research Fellow in Economics at the University of Sussex Business School. Michael Gasiorek is Director of the UK Trade Policy Observatory and Professor of Economics at the University of Sussex Business School. The UK Government has published its bill on the Northern Ireland Protocol (NIP), making a clear move to try to force changes in the arrangements disciplining the economic regime applying to the portion of the UK that has remained in the EU Single Market post-Brexit. The points of strongest contention between the UK Government and the EU concern the custom and regulatory checks applying to trade flowing from Great Britain to Northern Ireland together with a list of additional issues resulting from Northern Ireland remaining part of the EU Single Market territory: the regulatory regime applying to firms in Northern Ireland, rules on VAT, the use of state subsidies, and the role of the European Court of Justice in overseeing the NIP. […]

By Nick Phipps|2022-06-14T14:38:23+01:0014 June 2022|UK- EU, Uncategorised|0 Comments

Six Practical Steps to Strengthen Parliamentary Scrutiny of UK Trade Agreements

Trade and Public Policy (TaPP) Network [1] 13 June 2022 [2] Free trade agreements (FTAs) cover the liberalisation of goods, services, and investment and can have substantial and long-term implications for many areas of public policy, from the environment to public health, from industrial strategy to farming practices. In the UK, parliamentary scrutiny plays an important role in holding the Government to account and ensuring that UK FTAs reflect the public interest, from negotiations to signature, and later, implementation. This blog highlights six ways to further strengthen the process. […]

By Nick Phipps|2022-06-13T15:14:33+01:0013 June 2022|Uncategorised|2 Comments

The Ukraine-Russia crisis and possible trade sanctions

27 January 2022 Michael Gasiorek is Professor of Economics and Director of the UK Trade Policy Observatory at the University of Sussex and Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO. The crisis between Ukraine and Russia is deeply concerning – for the people of Ukraine, but also in terms of broader ramifications for world order and stability. NATO’s strategy to avoid direct military action against Russia points at diplomacy and economic sanctions. It is therefore useful to consider the possible role of these in the realm of international trade. As we show below, Russian trade is highly dependent on the EU and NATO member states. Hence, the scope for the use of such policy is there. This is not an argument, however, for so doing – as that involves complex political trade-offs (which are beyond the scope of this blog). The importance of Russia as a supplier in particular sectors, notably energy, and hence the dependence of the EU and NATO member states on Russia is also a factor in those trade-offs. […]

By Nick Phipps|2022-01-27T09:19:16+00:0027 January 2022|Uncategorised|2 Comments

The UK-Ukraine Political, Free Trade and Strategic Partnership Agreement

12 November 2020 Professor Erika Szyszczak is a Fellow of UKTPO In its avowed Global Britain Project the UK promised that Ukraine would be given preferential status in the post-Brexit trade landscape. Finally, on October 8, 2020 the UK and Ukraine signed a Political, Free Trade and Strategic Partnership Agreement (the Agreement). This is the first comprehensive strategic and trade agreement signed by the UK since the creation of the Foreign, Commonwealth and Development Office, but one of several continuity agreements. The political symbolism of the Agreement is of greater significance than the economic impact of the Agreement, with Ukraine and the UK keen to show that they are independent, sovereign trading nations. […]

By Nick Phipps|2020-11-18T17:29:10+00:0018 November 2020|Uncategorised|2 Comments

New UKTPO report outlines impact of Brexit Withdrawal Agreement on Welsh economy

20 January 2020 The Welsh Government has published an independent report completed by the UK Trade Policy Observatory analysing the potential implications for Wales’ external trade as a result of the protocol on Ireland/Northern Ireland, as set out in the Withdrawal Agreement. The UKTPO analysis identifies issues that may impinge directly or indirectly on the Welsh economy as a result of the adoption of the Protocol on Ireland/Northern Ireland as part of the Withdrawal Agreement and subsequent Bill. […]

By Nick Phipps|2020-01-20T16:03:37+00:0020 January 2020|Uncategorised|0 Comments