The Russian Federation’s Disruption of the Grain Agreement The ongoing grain agreement dispute, primarily involving Russia and Ukraine, is revealing a significant power play in the realm of international trade. According to Ukraine’s Permanent Representative at the UN, Serhiy Kyslytsia, Russia has been manipulating the situation to its advantage, alleging that the grain agreement is … Read more
As the world grapples with overfishing and depleting fish stocks, a global effort is underway to protect our oceans. The Agreement on Fisheries Subsidies is a significant stride towards healthier oceans and sustainable fishing practices, with the United Arab Emirates (UAE) recently becoming the seventh member of the World Trade Organization (WTO) to formally accept … Read more
The European Union (EU) has consistently supported the World Trade Organization (WTO) and the multilateral trading system it embodies. However, the EU’s recent use of trade policy to pursue its climate objectives may inadvertently undermine the very multilateral credentials it has vowed to uphold. To continue on its dual path, the EU must harmoniously integrate … Read more
The Indo-Pacific Economic Framework (IPEF): An Overview The Indo-Pacific Economic Framework (IPEF) was launched in 2022 with the primary objective of fortifying U.S. connections to the region and establishing a more robust, equitable, and resilient economy for families, workers, and businesses. The current participants include Australia, Brunei, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the … Read more
As we move deeper into what some experts have coined the “post-globalization” era, the Group of Seven (G-7), comprised of the world’s leading economic powers, is evolving its approach to international trade and finance. The recent focus on creating a mutually beneficial partnership with developing nations to build resilient supply chains exemplifies this shift. Economic … Read more
The Evolving Global Trade Landscape The global trade landscape has been rapidly evolving, influenced by a multitude of factors such as geopolitical shifts, technological advancements, and recent global events like the COVID-19 pandemic. This has led to a shift in traditional trade relations and the forging of new alliances and partnerships. The United States, for … Read more
Reigniting the Flame: High-Level Economic Talks Resume The diplomatic journey between China and Australia has been nothing short of a rollercoaster ride. Yet, a fresh gust of optimism is blowing across the diplomatic corridors with the recent visit of Australian Trade Minister Don Farrell to Beijing. This visit marked a significant milestone in the recovery … Read more
International E-commerce Tax Landscape The international landscape of e-commerce taxation is evolving rapidly. Governments globally are striving to unearth hidden treasures in the form of taxes from the internet cloud, driven by the United States, European Union, and the Organisation for Economic Co-operation and Development (OECD). The United Nations aims to enhance this effort even … Read more
Elevating Indo-Pacific as the Epicenter of Global Peace and Prosperity The 21st-century geopolitical landscape is experiencing a significant shift towards the Indo-Pacific region, with Japan and India playing a crucial role in shaping this transition. This move seeks to establish a free and open Indo-Pacific (FOIP) as the bedrock of global peace, prosperity, and a … Read more
Beating the Forecasts: An Unexpected Upswing The Malaysian economy has shown resilience and dynamism, with a reported increase in gross domestic product (GDP) of 5.6% in the first quarter of 2023. This impressive figure surpasses the 4.8% annual expansion previously predicted by analysts in a Reuters news agency poll. In comparison, the country had experienced … Read more
