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TPP & TTIP: More Questions Than Answers

Miles McKenna's picture

Incense stick production in Hue, Vietnam. The country could be one of the biggest winners of a potential Trans-Pacific Partnership trade agreement. Source - Austronesian Expeditions.If you follow trade negotiations, then you know there are few more contentious than those for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP).
 
On February 4, the World Bank’s International Trade Unit hosted Phil Levy, a senior fellow on the global economy at the Chicago Council on Global Affairs, who has been following both negotiations closely. Levy spoke with World Bank staff about the potential implications for developing countries as negotiations move forward in what he calls “bargaining among behemoths.”
 
At this point in the negotiations, one thing is clear: there are still more questions than answers.

The Power of Imagery: The White House Celebrates International Trade This Holiday Season

Chad P Bown's picture


The White House’s 2013 National Christmas Tree Railroad Exhibit. Photo by Chad P. Bown.

Economists are often considered to be an aesthetically challenged bunch. Yet, as any trade economist will tell you, there is a single visual aid that someone has decided symbolizes all things international trade. To trade economists, this image is inescapable – it seemingly graces every textbook cover, accompanies every policy brief, website, blog post, or article, article, article, or article. There is even award-winning scholarship about it.

The image, of course, is of stacked cargo shipping containers.

Trade Regionalism in the Asia-Pacific: New Game, Old Rules?

Swarnim Wagle's picture

What's the next move in the major economies' Great Game? Source - wonderkris.Editor's Note: This blog draws on the forthcoming article “New Trade Regionalism in Asia: Looking Past the Sino-American Great Game," written by Swarnim Wagle, to be published in the Global Emerging Voices 2013 Working Papers. 
 
Negotiations over one of history’s most ambitious trade deals have taken another step towards defining the future of Trans-Pacific trade.
 
The latest round of discussions on the Trans-Pacific Partnership (TPP) wrapped up this past weekend in Salt Lake City, Utah. Negotiators are believed to have made headway on a number of thorny issues, clearing the way for ministerial talks to be held in Singapore, Dec. 7-10.   
 
The TPP will draw together 12 countries dotting the perimeter of the Pacific—Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. But it’s the United States’ efforts to spearhead the talks that have attracted the most attention. Concerns over a lack of transparency and the intrusive scope of the agreements’ provisions into national policymaking have led many to question its objective.
 

Quinoa: The Little Cereal That Could

Jose Daniel Reyes's picture

In February, the United Nations named 2013 the Year of Quinoa and made the president of Bolivia and the first lady of Peru special ambassadors to the UN’s Food and Agriculture Organization (FAO). The World Bank joined in with a kick-off event and celebration of Bank-funded work that is helping Bolivian quinoa farmers bring their product to market. The focus on this nutritious “super-food,” which is grown mainly in the Andean highlands, is an effort to decrease hunger and malnutrition around the world.

Quinoa (pronounced KEEN-wa) has long had good-for-you credentials. In 1993, a NASA technical report named it a great food to take into space. (“While no single food can supply all the essential life sustaining nutrients, quinoa comes as close as any other in the plant or animal kingdom.”) The pseudo-grain –which is more closely related to beets and spinach than to wheat or corn – has been promoted in recipes distributed by the National Institutes of Health, the Mayo Clinic and the American Institute for Cancer Research. In fact, quinoa already has done quite well on the world stage. Global import demand has increased 18-fold in the last decade, mainly due to consumption in Europe, Canada, and the U.S.