After 500 days of trade conflict, policy uncertainty is growing worldwide and the negative effects are being felt.
Blog posts on "tariffs"
Amid uncertainty over the evolution of the PRC-US trade dispute, markets in the region are taking a wait-and-see stance.
In the future, many Asian economies may not accumulate huge trade surpluses or foreign financial assets as quickly as now.
Asian policy makers must take proactive steps to turn a nascent upturn into a sustained boom. Missing the opportunity will have enormous costs.
It’s time to lift trade barriers that jack up prices of health products and curb the free flow of drugs, vaccines, and medical equipment.
If history is any guide, protectionism comes and goes, so the current rising tide will recede eventually.
In today’s multipolar world, creating barriers to trade will invariably result in reciprocity, so in the end all countries will be worse off.
More coordination and cooperation at the borders will create greater efficiencies that are passed on to traders so business becomes faster and cheaper – a cross-border win-win situation for all in South Asia.
Even if their agendas seem alike, neither the content of the Trans-Pacific Partnership nor the process of the talks can provide a positive stimulus for the Doha Development Agenda trade negotiations.
South Asia-Southeast Asia integration is no longer a pipe dream and with national and regional policy attention, it can become a reality.