World Trade

Edgar Su/Reuters But even as they worry about the disappointing numbers, countries remain very divided on what to do next
Roberto Azevedo said he hasn't spoken with the president-elect but is ready to do so.
Independent efforts by individual countries to facilitate trade should keep a close eye on standards being shaped in order to minimize adjustments when it (finally) comes the moment of cross-border harmonization.
The Obama administration surely negotiated the TPP in good faith, and the accord would likely add to global and U.S. economic growth. This is not a pernicious accord, the fruits of a secret cabal as some have feared. Nor is globalization an evil to be fought tooth and nail. The sad truth, however, is that while the administration promised a 21st-century agreement, we have yet another late 20th-century agreement.
BRUSSELS -- A discrepancy exists between the benefits of globalization on the one side and the legitimate values shared by diverse communities on the other. The benefits of globalization go with magnitude, with size. The larger, the better because of the economies of scale. Big is beautiful. Identity, legitimacy and politics go with proximity, the small and diseconomies of scale. Small is beautiful.
For sure, these talks won't be easy, as past spats over airplanes, hormone beef or chlorine chicken illustrated. But they will be a hell of a lot easier than any serious free trade talks with China or other Pacific nations.
The idea of trade facilitation is simple: help developing countries implement measures to reduce the cost of trading across borders by improving infrastructure, institutions, services, policies, procedures, and market-oriented regulatory systems.
America can hold China -- or any other BRIC nation -- accountable for trade violations while also recognizing the vast opportunities emerging markets hold for our economy and workers.
"I think it's a reasonable forecast for 2011. But, look, we just finished one quarter, and it was a pretty hectic quarter
Letters of credit and other similar instruments have been used since the Middle Ages, and are among the simplest and safest
Sept. 21 (Bloomberg) -- The global economic downturn has probably hit bottom though the recovery will be "slow and painful
Developing countries may face a financing gap of $270bn to $700bn this year as trade income dwindles and rich nations vie