While there are some benefits to the free trade agreement, the UK would be better off striking a deal with its neighbours.
A pipeline in Tunisia supplies natural gas from Algeria to Italy.
Fethi Belaid/AFP via Getty Images
Natural gas projects in Africa might help reduce supply shortages temporarily, but they could soon become stranded assets.
In 2020, desert locus plague of biblical proportions darkened skies over the Horn of Africa. In part it was caused by high rainfall and flooding in areas usually spared by the insect.
Trade regulation by rich countries against pests and disease is gradually making its way into the less developed nations. On top of safer foods, new research shows this could also bring sustainable growth.
The sea port of Matadi at the Congo River. Matadi is the chief sea port of the Democratic Republic of the Congo.
Now is the time for African countries to start looking for African value chains or alternatives to global value chains.
Companies are moving their production back to developed countries. This is jeopardising the decades-long progress in global poverty reduction.
China is committed to becoming carbon neutral before 2060 – and producing green hydrogen is key to the plan.
Russian-made goods will likely cost more in Western liquor stores if most-favored-nation status is removed.
AP Photo/Gene J. Puskar
The US, Japan and other wealthy G-7 nations plan to remove Russia’s status as a most-favored nation. A trade expert explains what that term means and what might happen next.
Supply chains were already in disarray thanks to overcongested ports, as in Los Angeles.
AP Photo/Damian Dovarganes
In the short term, the war is causing energy prices to soar and prompting fears of famine in some countries. In the long term, it could remake the modern global supply chain.
Tesla vehicles are parked outside of a building during a meeting between Tesla CEO Elon Musk and Chinese Premier Li Keqiang in Beijing in 2019. Tesla is a company with both high reliance on North American technology and Chinese supply chains.
(AP Photo/Mark Schiefelbein)
Research suggests that two factors are most important when making decisions on how businesses should respond to the U.S.-China trade war: location and supply chain dependence, and technology.
The proposal is likely to mean economic and diplomatic costs for Australia, and should ring alarm bells in Canberra.
U.S. President Joe Biden shakes hands with Prime Minister Justin Trudeau as they meet in the Oval Office of the White House on Nov. 18, 2021, in Washington.
(AP Photo/Evan Vucci)
Amid another flurry of U.S. protectionist measures, Canada should reconsider the value of global trade deals over bilateral agreements. But it should also support its own industries.
Ships with everything.
A group of powerful countries have agreed ‘green corridors’ for emissions-free shipping by 2025, but that’s not even half the battle.
Beachgoers near Cairo watch a massive container ship sail to the Red Sea.
AP Photo/Amr Nabil
Before the container was standardized, loading and unloading goods was very labor-intensive, inefficient and costly.
Suez Canal Authority
A bottleneck in the global shipping network will accelerate the move to more local production and shorter supply chains.
The container ship ran aground in the Suez Canal on March 23, blocking the passage of other ships and causing a traffic jam for cargo vessels.
EPA-EFE/Media Suez Canal Head Office
The Suez Canal is the ideal target for causing maximum disruption to global trade.
Blue Planet Studios
Whether you like it or not, the globalised world will survive Donald Trump and the pandemic.
‘The Meeting of Two Worlds,’ a sculpture at L'Anse aux Meadows, commemorates the meeting of Vikings and Native Americans around the year 1000.
D. Gordon E. Robertson/Wikimedia Commons
The allure of novel goods was so strong that it triggered 1,000 years of trade and interactions among people from different places, but there were limits on globalization then that no longer exist,
A woman wearing a mask walks with empty cart in Guangzhou, China.
In time of crisis like today, instead of blaming one another, countries should foster international cooperation.
While tariffs have a direct impact on exporters in the US and China, third-party countries like New Zealand are more affected by non-tariff barriers.
So far, New Zealand exporters have not been affected by the trade war between the US and China, but the Hong Kong crisis could easily embroil any foreign company.
Australia’s future prosperity will require bold action on a number of fronts and a deliberate commitment to careful and considered long-term thinking.
Hendra Pontomudis / unsplash
If the right changes are made today, Australia’s living standards could be up to 36% higher in 2060. This translates into a 90% increase in average wages (in adjusted, real terms) from today.