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...
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.