Baltic Rim Economies 4/2022
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| Anne
Krueger: U.S. trade policies
post-Trump |
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“The world
had its highest rate of economic growth from the
end of the Second World War until the middle of
the last decade. Almost all economies shared in
growth well above the historical average and the
number of people in poverty fell
drastically.”
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Mikael Anzén: The WTO delivers a
bountiful results - but what's
next?
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“Early in
the Geneva morning of 17th June, the WTO’s
twelfth Ministerial meeting – MC12 – came to a
close. The agreed package, hammered out over
four days and two nights of intense
negotiations, actually concluded four and a half
years of negotiations since the last ministerial
gathering held in Buenos Aires in
2017.”
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Anna Karhu: Fragile international
relations, trade, and policy
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“The past
few years have witnessed that nothing is as
permanent as change. It seems that our global
economies have faced new crises increasingly
frequently. Just as we have been able to take a
breath and have gained a flicker of the new
normal, yet another disruption shakes our
renewed balance. The global financial crisis in
2008, followed by the US–China trade war, global
Covid-19 pandemic and the Russia’s invasion to
Ukraine, have all shaken the global structures
that govern the increasingly interconnected
trade. As the growth of global trade has brought
us welfare and increased living standards, it
has also brought us increasingly interconnected
and diverse international
relations.”
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Maxim Medvedkov: Some new
realities in international
trade
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| “Trade and
economic sanctions imposed on Russia are
unprecedented not only in their scope, but also
in their non-compliance with the basic rules of
the WTO. These rules are based on the principle
of non-discrimination, they also prohibit to
introduce trade bans and other restrictions of
trade. If the Russian government decides to
challenge these sanctions in the WTO
arbitration, Western trade lawyers will
obviously have to work hard trying to justify
these bans by the WTO security exceptions. These
exceptions allow WTO members to violate basic
rules in limited number of cases. It would be
necessary for lawyers to demonstrate that all
these bans and restrictions in trade with Russia
were taken for the protection of’ “essential
security interests” of the countries which
introduced sanctions.” |
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Baltic Rim
Economies
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| The
Pan-European Institute publishes a discussion
forum, Baltic Rim Economies (BRE), which deals
with the development of the Baltic Sea region. In
the BRE review, high level public and corporate
decision makers, representatives of Academia, as
well as several other experts contribute to the
discussion. BRE is published four to five times a
year and it is free of charge. |
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Sent: Monday, October 31, 2022 3:34 PM
Subject: Baltic Rim Economies 4/2022
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