International Trade: Measuring and Managing Risk and Uncertainty
The multilateral trading system is under stress. Recent shocks, such as the COVID-19 pandemic and the U.S.-China trade war, have resulted in new risks to the agricultural supply chain and other sectors. A new U.S. approach to trade negotiations, which seeks to secure deals in phases, may or may not be here to stay. Longstanding sources of uncertainty are now more pronounced: tensions over the role of the Chinese state in the country’s economy remain difficult to resolve while the World Trade Organization’s 164 members no longer agree on how to achieve binding resolution to trade disputes and have lost their mechanism of last resort for doing so.
Join us as we examine how to interpret these risks and explore ways to manage them in order to move the system toward a better, more secure future.