Reimagining trade and investment frameworks in a fragmented global economy
Conflict, sanctions and the future of world trade
The Russian invasion of Ukraine met with unprecedented trade and other economic sanctions. Some members of the World Trade Organization (WTO) revoked Russia’s most-favoured-nation (MFN) status, allowing them to raise barriers to trade with Russia. There are consequences of heightened geopolitical tensions on the global trading system.
Trade and values
Countries are increasingly using trade policy to pursue non-trade objectives (NTOs) like climate change and human rights, complicating global trade. Geopolitical tensions, such as the US-China dispute over forced labor, highlight the challenges of aligning trade with values. For businesses, this trend creates tension between economic efficiency and social responsibility. Balancing values with open trade is crucial to maintaining global prosperity, especially for developing countries