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    WTO

    This Month

    Electric vehicles from China’s Geely car maker bound for shipment from the Port of Taicang.

    America’s race to tear up trade rules hurts everyone

    The US is growing tired of upholding the economic rules it laid out for the world after 1945. But tariffs only punish consumers and undermine competitiveness.

    • Edward Luce
    Assistant Trade Minister Tim Ayres.

    ‘Made in Australia’ won’t trigger subsidy arms race, minister says

    Industry subsidies used to be taboo in the trade world. But Tim Ayres, spruiking the government’s new industrial policy in Europe, says things have changed.

    • Hans van Leeuwen

    March

    Chinese leaders’ anger may be a sign that Joe Biden’s approach is working.

    Bidenomics is making China angry. That’s OK

    Biden’s China policy is so tough that it makes me, someone who generally favours a rules-based system, nervous.

    • Paul Krugman
    Chinese President Xi Jinping extended formal invitations to meet with American CEOs last week.

    Xi Jinping meets with American CEOs as trade tensions rise

    China is seeking to shore up confidence amid a slowdown in foreign investment, which slumped to a 30-year low last year by one measure.

    • James Mayger
    The beef industry believes it has been overlooked in the Albanese government’s claim to have successfully negotiated an end to the tariffs Beijing imposed on $20 billion of exports in 2020.

    Aussie beef exports left out in the cold in China sanctions fix

    With China set to remove tariffs on Australian wine, the beef industry says it is too early to celebrate as restrictions remain on more than $500 million of exports

    • Michael Smith and Andrew Tillett
    Advertisement
    Ageing and shrinking workforces mean the supply side will create more volatility than before.

    Welcome to a new world driven by supply not demand

    It will be harder for central banks to manage a global economy now shaped by supply side constraints. But it won’t all be negative either.

    • Wei Li
    Qinzhou Port in southern China. While China has benefited greatly from WTO rules, it still adheres firmly to its state-controlled economic model.

    WTO in the deep freeze as world walks away from growth

    Last week’s failed meeting marks a formal sidelining of multilateral trade rules, at least until the world sits down and decides they were a good idea after all.

    • Prudence Gordon
    Within a month, the lobster trade might be the last remaining irritant.

    Australia can launch a new trade boom with China, Farrell says

    The trade minister says that with feuds on wine and lobster exports potentially soon sorted, Australia could aim to stack on another $100 billion in trade.

    • Hans van Leeuwen

    February

    WTO Director-General Dr Ngozi Okonjo-Iweala.

    In the shadow of Trump: how the WTO has reached the last-chance saloon

    A summit of up to 164 ministers in Abu Dhabi aims to rebuild confidence and capability at the global trade umpire before a new Trump administration starts another trade war.

    • Hans van Leeuwen
    Defence Minister Prabowo Subianto is the frontrunner in the Indonesian election.

    Energy protectionism complicates our ties with Indonesia

    Rather than the lack of complementarity between the nations’ economies, it is the clash with Indonesia’s resource nationalism that is now a key focus of Australian interest in the election contest.

    • The AFR View

    January

    Prime Minister Narendra Modi needs a model that spreads rural growth.

    India’s economic growth is displaying Chinese characteristics

    The Modi model relies too much on top-down investment. As China has already discovered, India needs to fire up its consumers too.

    • Andy Mukherjee
    China’s ambassador to Australia Xiao Qian on Wednesday. Anthony Albanese said he was “not swayed” by his comments.

    China needs to choose its words more carefully

    Australia would have no motive to confect a story about a sonar incident after so much hard work to restore the relationship.

    • The AFR View
    Anthony Albanese became the first sitting prime minister to meet Xi Jinping since 2016.

    Only the hawks are unhappy as China relations stabilise

    If Anthony Albanese’s pursuit of more stable relations with China is misguided, it’s odd that Joe Biden is doing the same.

    • James Laurenceson

    November 2023

    Globally, neoliberalism fell to its knees in 2007, struck down by the Global Financial Crisis.

    Who killed neoliberalism?

    Neoliberalist theory and practice went so horribly wrong because governments that put their faith in markets forgot one word – competition.

    • Craig Emerson
    Trade Minister Don Farrell.

    Chinese deserve to enjoy ‘surf and turf’: Farrell

    With tariffs on wine to be lifted in about four months, Don Farrell has pushed Beijing to lift the sanctions on Australian lobster and beef.

    • Phillip Coorey
    Advertisement
    Amaani Cassim, 16, joins several thousand other demonstrators marching against the APEC  Summit.

    Protesters converge ahead of Xi-Biden meeting

    Representatives of more than 100 grassroots groups have gathered in San Francisco to demonstrate against a meeting of 21 heads of state.

    • Janie Har and Haven Daley
    Making trade flow faster would have disproportionate gains.

    Simplifying APEC trade is even better than cutting tariffs

    Streamlining clunky customs and quarantine procedures would have an outsize impact on the regional economy.

    • Robert Waschik and Craig Emerson
    Xi Jinping and Joe Biden last met at the G20 summit in Bali a year ago.

    Three ways the Biden-Xi summit can help the world

    This week’s meeting must produce tangible, practical and symbolic improvements in relations between China and the US.

    • Stephen Roach
    Bottles of Australian wine on sale in China in 2020 before Beijing implemented tariffs.

    Australia ‘negotiating’ wine tariffs that shouldn’t have been imposed

    Anti-dumping tariffs should be scrapped. But they become cover for China’s political retaliation against Australian trade.

    • Gary Sampson
    China’s Premier Zhou En-lai and Prime Minister Gough Whitlam after the official arrival in Beijing in 1973.

    PM’s China trip cements new era for ties

    Five decades after Whitlam’s historic visit, Albanese is marking another crucial moment for the relationship.

    • Xiao Qian