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THE RISE OF PROTECTIONISM: THE NEW CHAPTER FOR GLOBAL TRADE

Organizers:

Chair: Timur Suleimenov, Minister of National Economy, Kazakhstan  

 

Projected Speakers: 

  • Wencai Zhang, Vice President of the Asian Development Bank (ADB) (confirmed) 

  • Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World (confirmed) 

  • Member of the Board (Minister), Eurasian Economic Commission  

  • Pascal LamyHonorary President of the Notre Europe, Director-General of the World Trade Organization (2005-2013) 

  • Bernard HoekmanDirector, Professor and Director, Global Economics  

  • Akinwumi Adesina8th President of the African Development Bank 

  • Ricardo Melendez-Ortiz, Co‐founding Chief Executive of ICTSD 

  • Joo HyunghwanMinister of Trade, South Korea  

  • Alan Winters, Professor, University of Sussex 

  • Jianping Zhang, Professor/Director of International Cooperation Department, Institute of Foreign Economics Research, National Development and Reform Commission 

  • Jiang ZengweiChair of B20 China and Chairman of China Council for the Promotion of International Trade 

  • Paul Polman, Chief Executive Officer, Unilever 

 

Relevance:

With the rise of protectionism in the global economy the international trade which is considered as a key driver of global growth and globalization is continue its significant slowdown together with retrenchment of investments and cross border capital flows, raising fears among business that barriers to cross border trade will emerge and strong resistance, in many countries to trade agreements that promote "deep integration" (TPP, TTIP, NAFTA).

 

Goals:

 

Key issues:

  • How these new political realities will affect the future of global trade policy, investments and capital flows? Is trade will still be a key enabler of sustained high growth. 

  • Contemporary globalization is underpinned by technology and the development of global value chains with cross border production processes that are extremely sensitive to trade and regulatory barriers. Will they be disorganized and destabilized once frictions are introduced in trade and investment flows?    

  • History has shown that the interactions between the three components of globalization (trade, capital and people) can produce positive but also negative feedback loops, with amplified effects on growth and welfare. How can such a negative spiral be avoided today?

 

4:30pm-6:00pm FLAGSHIP SESSION

Venue: Restaurant, ground floor

 

Timeline

There are no publications in this session