Next week, Americans will go to the polls and a new President will be elected. This podcast looks at the trade policy proposal of one candidate, the Republican Donald Trump, to put flat-rate tariffs of up to 20% on all US imports and a 60% tariff on all Chinese imports.What would the impact be on US businesses and consumers? Which sectors are set t…

The Labour Party promised to re-set the relationship between the UK and the EU. Now that it’s been in government for a few months - what has changed? With the new government seeing opportunities in working more collaboratively with its EU partners – on defence and security, but also on the nuts and bolts of our trade relationship - there’s undoubte…

Trade professionals at the WTO Public Forum provide their thoughts on one of the big issues confronting trade policy – inclusiveness. How can we ensure that the benefits and economic gains of international trade are shared as widely and as fully as possible? Does the WTO function in a way that benefits developing countries as much as richer countri…

‘En direct’ from the World Trade Organisation Public Forum 2024, this podcast focuses on the WTO’s decision-making process. Responsible consensus was a phrase first coined after the Ministerial Meeting in Abu Dhabi earlier this year, due to impasse on a number of issues. The organisations’ rules make it clear that nothing can be agreed unless there…

The WTO’s track record in updating the global trade rules that came into effect in the mid-1990s is not particularly impressive. How can the WTO be made to function better without losing its cherished status as a member-driven organization that works on the basis of consensus? The WTO’s General Council is currently grappling with the issue of how t…

Critical Raw Materials is the topic for this episode and looks at why they have become such an important part of our trade policy discussions. The conversation explores how to ensure that our trade policies enable a flow of these critical raw materials to the industries that need them; and whether we should be concerned that the increasingly fraugh…

In this episode, we look at trade ‘mini deals’. There is a plethora of international agreements out there that focus on a particular area of trade such as mutual recognition agreements. Should governments be doing more of these deals rather than the big comprehensive free trade agreements and what do they contribute to global trade?In discussion wi…

Professor Alan Winters reflects on 50 years as a trade policy expert. Having retired at the end of May, Alan’s long and distinguished career in Economics includes Co-Director of the Centre for Inclusive Trade Policy (CITP), Founding Director of the UK Trade Policy Observatory, stints at the World Bank and as a Chief Economist for a UK Government de…

In this episode, we discuss Carbon Border Adjustment Mechanisms (CBAM): a trade measure that puts a price on the carbon emitted during the production of carbon intensive goods that are entering a country or economic area to encourage cleaner industrial production in those countries and to match the charges domestic producers have to pay for their e…

The concept of ‘economic security’ is now a prominent feature in discussions about trade policy as recent geopolitical developments have indicated that we need to think carefully about our trade partners. In addition, net zero targets mean that we need to access the raw materials to make these products – a high proportion of which are located in no…

Later in 2024, the UK will join the Comprehensive and Progressive Agreement on Trans-Pacific Partnership bringing a whole new meaning to the expression ‘regional trade agreement’. The British government has made no secret of its enthusiasm for what it calls a ‘strategic pivot’ towards the Asia-Pacific region. But, does it make sense for the UK whic…

For three years after Britain left the single market, the UK has effectively operated an 'open door' policy on imports from the EU. Five times the government announced the introduction of border controls on imports from the EU – and five times they were postponed for various operational and logistical reasons. But now it’s finally happening. So how…

The UK has a long history as an agricultural trading nation. For much of our existence, we’ve been a net importer of food, creating a free trade economics 'virtue' out of the necessity of needing to feed ourselves. But calibrating a well-balanced trade policy for agriculture and food is a notoriously difficult thing to do. When we were part of the …

This episode of the Trade Bites podcast scrutinizes the topic of trade agreement scrutiny. In addition to the ratification of the UK's accession to the Asia Pacific Trade Block (CPTPP) earlier this month, there are at least seven new UK Free Trade Agreements currently under negotiation. How do we know that the trade policy decisions that the Govern…

The World Trade Organization's thirteenth ministerial conference (MC13) took place in the last week of February. Trade ministers from around the world met to take key decisions on the regulation of international trade. But they didn’t actually decide on very much.Is the WTO now in a state of crisis? What’s the point of an organisation that can’t se…

Just over three years since we left the EU single market, what has been the trade impact of Brexit? British exporters and importers trading with the EU have faced a whole new regulatory environment. Has Brexit led to shifts in the UK’s trade patterns – a pivot towards other parts of the world? Or does the gravity model beloved of trade economists s…

Over the past 40 years or so, exporters have got used to the idea that the whole world is their marketplace – a notion which has been encouraged through moves by governments around the world to reduce tariffs and other barriers to trade. But with global pandemics, trade wars, fuel crises and over the past few years – could it be that the process of…

In our latest podcast we look at how the United Kingdom is getting on with its most significant trade relationship, that with its biggest trading partner the European Union. Over 18 months since the UK finally left the EU’s Single Market and went ahead with the version of Brexit favoured by Prime Minister Boris Johnson and his team, questions are b…

Global supply chains have barely left the headlines in recent years. It is a fact of modern life that many of the goods we consume have multiple components manufactured in different places at different times which somehow come together to create the finished article. Yet global supply chains have started to come under pressure from a series of shoc…

It has been over a year since the UK signed its single most important post-Brexit trade instrument – the Trade and Cooperation Agreement (TCA) with the EU – establishing a framework for the UK relationship with the EU in a wide range of areas. In this episode, we consider the full year of data now available for EU-UK trade in goods in 2021 and asse…

The UK signed a bilateral Free Trade Agreement with Australia in December 2021. This is the first ‘new’ Free Trade Agreement (FTA) the UK has negotiated with a trade partner. This ‘world-class’ agreement marks a ‘landmark moment in the historic and vital relationship between our two Commonwealth nations’, according to the international trade secret…

This episode looks at the climate crisis, and specifically the trade policy response to the push towards net zero in Europe and around the world. A whole market infrastructure has been created in Europe and elsewhere with carbon emission allowances being bought and sold as a way of taxing high-emission producers and providing a financial incentive …

Who are the ultimate stakeholders in UK trade policy? And how much of a say do they actually have in the policies that ultimately govern us? Things have certainly moved on since the time, not that long ago, when European and American negotiators would disappear into a room to talk about a Transatlantic trade deal – and come out again giving virtual…

Supply chain issues crashed onto the front pages in the UK this year when petrol stations started running out of fuel. But that was just one aspect of a wider problem. A surge in demand for consumer goods has led to soaring shipping costs, with ships queueing up to get into container ports, and mounting concerns as to whether even Santa will be abl…

In this episode, we’re heading stateside as we take a closer look at the trade relationship between the UK and the United States. In one sense, it’s a relationship that only came into existence when Britain finally left the EU customs union at the end of last year. But that belies the fact that the United States is the UK’s biggest single trading p…

As the world’s second most populous country, India is an emerging player in global trade, and of course it has deep historical and cultural ties with Britain. In recent times, India has acquired a bit of a reputation as being part of the awkward squad within the international trade community. The received wisdom was that New Delhi wasn’t interested…

Part of the United Kingdom, but effectively within the EU single market, but still part of the UK’s customs territory – you’d be forgiven for feeling a little confused about just how Northern Ireland fits into things these days.The problem is that if Northern Ireland remains part of the EU single market, then the EU wants to make sure that anything…

Traditional types of trade are regulated by the World Trade Organisation, under rules which mostly date from 1995 – a time when data exchanges were accompanied by the screech of a modem, and were measured in kilobytes. So it’s perhaps not surprising that there are no meaningful global rules in place at the moment to regulate digital trade. But incr…

Up until the end of last year, the UK was part of the EU single market, and British traders had enjoyed frictionless trade with Europe for several decades. But all of that has now changed. Customs formalities are a fact of life, with paperwork to be filled in whether you’re sending a lorry load of precision tools to a factory in Germany, or a few j…

Disagreements over fisheries nearly sunk last year’s trade negotiations between the UK and the EU. A deal was eventually signed, which repatriated some - but not all - of the fish resources in UK waters back to UK control. However, despite leaving the EU’s Common Fisheries policy behind, the deal left many in the fishing community somewhat underwhe…

In the 21st century, international trade has almost universal scope, and the UK, like other developed countries, trades with pretty much every other country on earth, including those with some pretty repressive regimes in charge. So how can we shape international trade in a way which encourages our trading partners to uphold certain basic standards…

The government has promised to create at least 10 freeports up and down the country, as a key strand of its new post-Brexit trade and industrial policy. There has been a bidding process for sea ports and airports to convert to freeport status, with the deadline for bids expiring on February 5th. But what actually is a freeport? What can you do in t…

The UK’s Trade and Cooperation Agreement with the EU came into force on New Year's Day. Since then, the focus has mainly been on the border issues, with supermarket supplies running short in a few areas, and lorry drivers’ ham sandwiches being confiscated by Dutch customs officials. But while the UK’s Michael Gove always said there would be ‘bumps …

This episode examines the question of food standards and how they will affect Britain’s post-Brexit international trade. As the UK leaves the EU, will we be diverging from the European food standards that have applied in Britain for the last few decades? What would be the benefit of diverging? What might be the risks of not diverging? And do the Am…

Since the Brexit referendum, the trade policy focus has been primarily about how UK businesses will trade with their counterparts in the EU and around the world. But what about intra-UK trade? Surely it stands to reason that there won’t be any problem for a business in England to trade with a business in Scotland? However, closer examination shows …

The UK imports around twenty-five billion pounds’ worth of pharmaceutical products each year from a wide range of supplier countries. Even during the worst phases of this year’s COVID-19 crisis, we have not run short of essential drugs. But how confident can we be that such a disaster would never happen? Are too many of our pharmaceutical eggs in o…

Britain left the EU on 31 January 2020. But for the time being, hardly anything has changed in terms of the country’s trade with Europe. We’re in a transition period which will run until the end of the year, and during that period the UK needs to negotiate a whole new trading relationship with the EU. But is that period going to be long enough to g…

COVID-19 has had a profound effect on trade. A global recession is always going to have an impact on trade volumes, but this pandemic has had the effect of completely choking off demand for some goods and services, while pushing demand for others through the roof. And that has posed acute trade policy challenges. Is it ever right to impose controls…

Trade in services is generally reckoned to account for about 80% of the UK economy. The UK financial services sector alone makes a contribution to the economy that is worth the equivalent of the entire GDP or Bulgaria and Croatia combined. So why do we hear so little about services in the context of the trade negotiations that are just getting unde…

For many people, the idea that the National Health Service may be ‘up for sale’ in the UK’s upcoming international trade negotiations is a cause of great anxiety. But what does that phrase even mean? The NHS offers a massive range of services, from brain surgery to cleaning the hospital windows. So if any of these services are subcontracted, who is…

For the past few years, the United States and China have been at each other’s throats, with the Trump administration slapping a series of punitive tariffs on Chinese imports and Beijing responding with its own retaliatory measures. The US accuses China of not playing fair when it comes to global trade. So what is it that China has done to incur the…

Back in early February, the Department for International Trade announced that it was seeking the views of stakeholders on what sort of tariffs the UK should apply on its imports of goods. As an EU member, the UK applied the same tariffs as the rest of the EU, but as from next year it can do what it likes tariff-wise. So is this a chance for ‘Global…

After almost half a century as an EU member state, the UK is about to become an autonomous member of the World Trade Organisation (WTO). For some, this represents an exciting opportunity. But what is the value of WTO membership? And given the multiple challenges that the rules-based trading system is facing at present, can Britain be a force for go…

The question of the Irish border has been one of the most contentious issues in the Brexit negotiations between the UK and the EU. Boris Johnson has claimed that his Brexit deal is the best of all worlds, maintaining frictionless trade between Northern Ireland and the Republic, and Northern Ireland and the rest of the UK. But is this case? What doe…

Now that the UK has left the European Union, the Government has promised to complete a whole string of Free Trade Agreements with the EU, the United States, and various other trading partners around the world. But is there a catch to doing these negotiations? Are there trade-offs involved - and what are they likely to be? And how easy will it be to…

Boris Johnson promised to ‘get Brexit done’ when he won the UK General Election in December 2019 - and on one level he achieved that aim on 31 January. However, there is still much to be decided as the UK begins the process of disengaging from the EU. Can a Free Trade Agreement between the two sides be achieved by the transition deadline of 31 Dece…

As the UK enters the post-Brexit transition period, Boris Johnson has made clear that a trade deal with the US is as big a priority, if not more so, than a deal with the EU. But are Britain and America natural trade partners? What benefits could a transatlantic trade deal deliver? And what about chlorinated chicken? To discuss all this and more, Ch…