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Corporate subsidies by China, the EU, and the US: Time for reforms?
Corporate subsidies are a major source of controversy in the world trading system. Despite its harmful effect on mutual trust and reciprocity among trading nations, at present there are no serious attempts to find common ground. Join our panel of experts on November 25 as they explore ways to reinvigorate multilateral cooperation on the issue of subsidies.
Global trade has long withstood the distorting effects of subsidy regimes. Yet documentation of the expansive reach of subsidy schemes has been insufficient – until now, with the 28th report of the Global Trade Alert, Subsidies and Market Access: Towards an Inventory of Corporate Subsidies by China, the European Union, and the United States.
This important report makes clear that subsidies pervade global trade and gather strength with every passing year of inaction – to the detriment of public trust in trade and globalization. The damage inflicted by subsidies is not merely economic. Subsidies perpetuate an unsustainable cycle of mimicry, retaliation, and, ultimately, imbalance.
Join co-author Simon Evenett and a panel of experts to discuss the urgent need for renewed cooperation by trading nations on the issue of subsidies.
Speakers include:
- Simon Evenett, Founder, Global Trade Alert
- Weihuan Zhou, Associate Professor, Faculty of Law & Justice, UNSW Sydney, Australia
- Gary Sampson, Professor of International Trade, Melbourne Business School at the University of Melbourne, Australia
This session will be moderated by Kaewkamol (Karen) Pitakdumrongkit, Deputy Head of the Centre for Multilateralism Studies, S. Rajaratnam School of International Studies (RSIS) of Nanyang Technological University, Singapore.