Future of World Trade While U.S. Trade Representative Katherine Tai characterized the WTO as being on ‘thin ice” for a dispute settlement case declaring US. claims of national security an invalid basis for trade barriers, WTO Deputy Director General Anabel Gonzalez said the organization is needed now more than ever. Most respondents to WPI’s recent poll said that plurilaterals and non-market access initiatives like IPEF and APEP are the future of trade policy. Please respond to the latest survey asking what share of global GDP will be trade-based in 2030. Note that the World Bank says it was 60 percent in 2012, dropping to 56.5 percent in 2021. But now there is a geopolitical fracture between the U.S. and Europe in one ca...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.