WTO and Inclusion There is much frustration in Geneva over the policy gridlock at the WTO. The EU has proposed a set of three objectives for the institution:
trade policy and state intervention in support of industrial sectors (looking at you China and Biden’s IRA); trade and global environmental challenges; and trade and inclusiveness.
If trade is economic opportunism, then profit-seeking is inherently inclusive. With 164 nations represented, the WTO is diverse by design. This week’s announcement of new committee chairs results in six (46 percent) of the 13 leads being female ambassadors. The director general is an African female, and half of the deputy director generals are female. At the staff level...
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...
