Trade
in sentence
11085 examples of Trade in a sentence
Trump’s
trade
moves notwithstanding, efforts to update global rules governing the digital economy are continuing – within the WTO, and also as part of talks among the US, Canada, and Mexico to renegotiate the North American Free
Trade
Agreement.
That may change, however, if the world’s three major economies – the US, the EU, and China – were ever to harmonize their approach to regulating digital
trade
and global data flows.
But new rules could also revive the inequities wrought by the “Uruguay Round” of
trade
negotiations, which created the WTO and drove North-South free
trade
agreements.
A new framework for digital
trade
and e-commerce must be crafted with these concerns in mind.
This commentary draws on research with Christopher Foster and Jaime Echavarri of the University of Sheffield exploring the digital
trade
agenda and its impact on development.
The Real Problem with Free TradeNEW DELHI – For most critics of globalization,
trade
is the villain, responsible for deepening inequality and rising economic insecurity among workers.
Free
trade
is hardly the only – or even primary – source of inequality and insecurity worldwide.
Some argue that free
trade
is being demonized simply because people do not understand what is in their own best interest.
Even if free
trade
is ultimately broadly beneficial, the fact remains that as
trade
has become freer, inequality has worsened.
One major reason for this is that current global rules have enabled a few large firms to capture an ever-larger share of the value-added from
trade.
The forthcoming
Trade
and Development Report 2018 by the United Nations Conference on
Trade
and Development (UNCTAD) captures how top firms have steadily increased their share of total exports, and now dominate global
trade.
Ironically, it is these measures, which have helped offset some of the negative effects of free trade, that Trump has condemned in his pursuit of policies that will do little to protect workers.
Those who claim that redistribution can adequately address this problem must address the fact that the “losers” of free
trade
have so far received little, if any, compensation.
Globalization’s detractors are right that free
trade
has created serious imbalances.
But a
trade
war completely misses the point.
The problem is not that free
trade
has led to too much global competition, but rather that it has enabled a few companies to secure monopolies or near-monopolies.
Only by addressing these trends can the benefits of
trade
be increased and equitably shared.
It is also about turning an area that accounts for 40% of the world economy and one-third of global
trade
into a region of lasting peace and prosperity for our children and theirs.
Let’s be clear: If the US were to insist that “strong and enforceable currency disciplines” be part of
trade
agreements, no deals would be concluded.
Linking efforts to prevent currency manipulation to
trade
agreements has always been a bad idea, and it still is.
But even when currency misalignment is relatively clear,
trade
agreements are not the right way to address it.
The euro, too, has depreciated significantly against the dollar over the last year, and some US
trade
critics want provisions to prevent currency manipulation added to the TTIP.
This would not be a case of misusing a tool (a frequent occurrence in
trade
policy when interest groups lobby for protection against foreign competition); rather, it would be a case of using the tool in precisely the intended way.
Whether one considers the accusations of currency manipulation against the US in 2010, its trading partners in 2015, or a future defendant, designating some
trade
agency to rule on them would merely cause trouble.
Why “America First” Means “Europe United”BRUSSELS – One of the main arguments made in support of the United Kingdom’s withdrawal from the European Union is that the UK will be able to negotiate better
trade
deals with other countries – and even with Europe – if it is on its own.
He regards international relations as a zero-sum game of winners and losers, and, to the extent that his foreign and
trade
policies make any sense at all, they are transactional.
Rather than preventing monopolization and restraint of trade, as the theory goes, antitrust regulation in the “new economy” is a new face of the old “industrial policy,” allowing bureaucrats to manipulate economic outcomes and favor companies dearer to them than the consumers’ choice.
At the end of last year, Japan was Vietnam’s largest source of official development assistance (ODA), its second-largest foreign investor, and its fourth-largest
trade
partner.
That is directly at odds with Trump’s stated goal of reducing the US
trade
deficit.
Trump’s obsession with the
trade
deficit has led him to impose import tariffs on steel, aluminum, and a wide range of products from China.
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