Agreements

Bringing positive energy to the trading system: EU, Japan and Africa move to sign mega-trade deals

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Photo: Container Trade Ship
Leading to greater trade cooperation

Trade policy headlines are dominated today by the ups and downs of the United States-China relationship, the renegotiation of the North American Free Trade Agreement (NAFTA) and the Brexit process. There is concern on the effects that disintegrating closely linked economic partners could have on growth, jobs, supply chains, and consumers. The perils of a return to unilateralism and power-based mechanisms threaten the relevance of the World Trade Organization (WTO).

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Towards a trickle-up system of global governance

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Image: California Academy of Sciences
Science and Knowledge at the Centre

In the immediate aftermath of President Trump’s decision to leave the Paris agreement, the sixth largest economy of the world, California, signed an agreement with China to fight climate change.
While non-binding, such cooperation represents a “trickle-up” approach to global climate change governance and is part of a wave of initiatives from non-state actors including civil society, the private sector and local authorities.

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