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AIG Global Trade Series

Beyond the pandemic, how will the global trade system change? Trade can, and should, play a role in the global recovery. After the pandemic there are opportunities to make the trade system better, more sustainable, more inclusive, with stronger multilateral rules, including on digital trade. Understanding the dynamics of the post-COVID-19 trade system requires a better understanding of the political and economic dynamics in key regions and the challenges they pose for the future of global trade. The AIG Global Trade Series will explore these issues bringing together global experts on trade.

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Climate and Trade: on the road to COP26

What would an increase in carbon pricing mean for global emissions and macroeconomics? Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: Christian Bluth, Senior Expert, Bertelsmann Stiftung Emily Lydgate, Senior Lecturer in Environmental Law, University of Sussex This podcast episode was recorded on July 6 2021 The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system. In the year of COP26, the 2021 United Nations Climate Change Conference, ambitious climate policies are needed to address the climate crisis. But what does this mean for trade, when frequently globalization and global trade measures are accused of imperiling the climate agenda. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Christian Bluth, Senior Expert, Bertelsmann Stiftung, and Emily Lydgate, Senior Lecturer in Law, University of Sussex. Listen as they discuss the value of the European Union’s proposed carbon border adjustment mechanism (CBAM), and the role of carbon clubs in combatting the climate crisis. Is a CBAM the correct tool to deal with the climate challenge? Can a CBAM work for both developed and developing countries; or is there a trade-off between being ambitious and inclusive? How can China, the world’s largest climate emitter, be brought into a carbon club? And what role will the World Trade Organization play in allowing carbon clubs to emerge? Disclaimer: The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

40mins

27 Jul 2021

Rank #1

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After the pandemic: trade, health and protectionism

How can new trade barriers in the post-COVID-19 world be avoided? Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Speakers: Mary E. Lovely, Senior Fellow, The Peterson Institute John W.H. Denton AO, Secretary General of the International Chamber of Commerce This podcast episode was recorded on June 14. The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system. During the pandemic, trade nationalism emerged as countries pursued self-interested policies to shield themselves from the impact of the virus – from vaccine rollouts to supply chain reshoring and restricting access to critical medical supplies. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Mary E. Lovely, Senior Fellow, The Peterson Institute, and John W.H. Denton AO, Secretary General of the International Chamber of Commerce.   Listen as they discuss how best to ensure a global post-COVID-19 economic recovery which avoids a return to protectionism and is open, fair, and equitable. How can new trade barriers in the post-COVID-19 world be avoided and can trade even be part of the answer to future pandemic preparedness? Disclaimer: The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

46mins

8 Jul 2021

Rank #2

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Trade and the Indo-Pacific: CPTPP, BRI & RCEP

Will the future of globalization be decided by events in the Indo-Pacific? Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Speakers: Vasuki Shastry, Associate Fellow, Asia Pacific Programme, Chatham House Deborah Elms, Founder and Executive Director of the Asian Trade Centre Tetsuya Watanabe, Vice President, Research Institute of Economy, Trade and Industry,RIETI This podcast episode was recorded on May 20, 2021 The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system. RCEP and CPTPP will redefine trade integration across Asia.   Although the pandemic has exposed the strength of protectionist reflexes around the globe, these two major multilateral free trade agreements act as a powerful counterargument to suggestions of a deglobalized ‘new normal’. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Deborah Elms, Founder and Executive Director of the Asian Trade Centre; Vasuki Shastry, Associate Fellow, Asia Pacific Programme, Chatham House; and Tetsuya Watanabe, Vice President, Research Institute of Economy, Trade and Industry (RIETI). Listen as they discuss whether RCEP and CPTPP compete, complement or overlap. In addition to RCEP and CPTPP, China’s Belt & Road Initiative is transforming trade flows in the region and beyond. With India opting out of RCEP, what does that mean in the regional power struggle between India and China? And as the US figures out how to deal with a rising China in the coming decade, will pulling out of TPP prove to be both a missed economic as well as geostrategic opportunity? Disclaimer: The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

39mins

16 Jun 2021

Rank #3

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Where next for the World Trade Organization and Global Trade Rules?

What are the prospects for reform of the WTO; and how best to ensure that reform is supported by all? Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Speakers: Ignacio Garcia Bercero, Director, Directorate General for Trade of the European Commission Jennifer Hillman, Professor from Practice, Georgetown Law, Institute of International Economic Law; Former Member, WTO Appellate Body Tetsuya Watanabe, Vice President, Research Institute of Economy, Trade and Industry (RIETI) This podcast episode was recorded on 13th April 2021. The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system. All eyes are on the WTO’s new leadership to jump-start trade multilateralism. But can global trade rules be updated? And if so, which rules should be fixed first? In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Ignacio Garcia Bercero, Director, Directorate General for Trade of the European Commission; Jennifer Hillman, Professor from Practice, Georgetown Law, Institute of International Economic Law; Former Member, WTO Appellate Body; and Tetsuya Watanabe, Vice President, Research Institute of Economy, Trade and Industry (RIETI). Listen as they discuss the prospects for reform at the WTO, which is now a top global political priority. The pandemic has unlevelled the global playing field due to widespread use of subsidies and state intervention. Can the WTO play a role to address these imbalances, and make rules fit for purpose to respond to modern challenges? How should the WTO ensure that a reform package will be supported by all members to prevent a collapse of the rules-based trading system? Disclaimer: The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use

57mins

20 May 2021

Rank #4

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Open Strategic Autonomy

Navigating the new direction of EU trade policy Moderator: Rem Korteweg, Senior Research Fellow, the Clingendael Institute Speakers: Elvire Fabry, Senior Research Fellow, Trade Policy and Brexit, Jacques Delors Institute Marianne Schneider Petsinger, Senior Research Fellow, US and the Americas Programme, Chatham House This podcast episode was recorded on 31st March 2021. The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system. The theme of the EU’s new trade policy is ‘open strategic autonomy’. What does this mean in reality? The policy aims to reinforce the EU's position as a global champion of open, rules-based trade that is fair and sustainable, while simultaneously developing new tools to defend its own interests. But how coherent is this approach and how viable? In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Elvire Fabry, Senior Research Fellow, Trade Policy and Brexit, Jacques Delors Institute; and Marianne Schneider Petsinger, Senior Research Fellow, US and the Americas Programme, Chatham House. Listen as they discuss the EU’s evolving trade policy. Can the new approach satisfy domestic concerns about globalization without jeopardising the EU’s trade partnerships? How will ‘open strategic autonomy’ reshape the EU’s trade relations with the US, China and others? Disclaimer: The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

40mins

28 Apr 2021

Rank #5

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How will globalization change?

Navigating the deglobalized “new normal” post COVID-19. Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: James Crabtree, Associate Fellow, Asia-Pacific Programme, Chatham House; Associate Professor in Practice, Lee Kuan Yew School of Public Policy, National University of Singapore Alicia García-Herrero, Senior Fellow, Bruegel This podcast episode was recorded on 13 October 2020 The AIG Global Trade Series 2020 examines the ongoing transformation of the world’s multilateral trading system. Since the financial crisis of 2008 there have been many confident predictions that we are seeing the “End of Globalization”.  A process of growing economic interconnectedness which had raised millions from poverty worldwide seemed to many to be stalling, even going into reverse, as protectionism grew in many countries and the US and China began to de-couple their economies.  The pandemic has only accelerated this shift by triggering a backlash against long, vulnerable supply chains.  It has also exposed the weakness of multilateral institutions and so raised the spectre of a deglobalized world of trading blocs and barriers. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by James Crabtree, Associate Fellow, Asia-Pacific Programme, Chatham House; Associate Professor in Practice, Lee Kuan Yew School of Public Policy, National University of Singapore; and Alicia García-Herrero, Senior Fellow, Bruegel. Listen as they discuss the political forces driving deglobalization, including technological innovation as well as geopolitics, and what a less connected “new normal” might look like. Was the pre-pandemic model of hyper-globalization effective and sustainable? Who will be the economic winners and losers in a deglobalized world? To what extent can multilateral organizations be renewed and countries spared the necessity to choose sides in a zero-sum G-2 decoupling? __________ The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

49mins

9 Apr 2021

Rank #6

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As economies revive, is a surge in protectionism inevitable?

The impact of protectionism on the global trade landscape. Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: Chris Southworth, Secretary General, International Chamber of Commerce UK Emmanuelle Butaud-Stubbs, Secretary General, International Chamber of Commerce France Christian Bluth, Megatrends Project Manager, Bertelsmann Stiftung This podcast episode was recorded on Sept 1 2020 Even before the pandemic struck, a rising tide of protectionism was eroding the global trading system. Responding to the growing scepticism of voters about the benefits of open trade, policy makers in both developed and developing economies were increasingly turning to the protectionist tool-kit – to tit-for-tat tariffs, restrictive measures, and subsidies. The economic devastation caused by Covid-19 has only strengthened the protectionist impulse globally.   In the immediate crisis countries acted swiftly and unilaterally to implement more restrictive and discriminatory trade measures, particularly in the health sector.  Now the focus has shifted to rebuilding national economies, generating jobs, preserving public services, and securing living standards.  As governments worldwide confront these challenges, opinion surveys in multiple countries show support for protectionism and a belief that the solution lies in “taking back control”. In this podcast, moderated by Rem Korteweg of the Clingendael Institute, Christian Bluth of the Bertelsmann Stiftung, Emmanuelle Butaud-Stubbs and Chris Southworth from the International Chamber of Commerce discuss the impact of protectionism on the global trade landscape. Can the protectionist tide be checked?  What more can business do to strengthen the political case for bringing down trade barriers as a route to growth?  And how can trade be made more inclusive and sustainable, so that the benefits of open markets are both recognised and more widely shared? __________ The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

48mins

9 Apr 2021

Rank #7

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Digital Trade: one of the winners?

What can we expect for the digital economy after COVID-19? Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: Marietje Schaake, International Policy Director at the Cyber Policy Center, Stanford University’s Cyber Policy Center  Alan Beattie, Associate Fellow, Global Economy and Finance Programme and Europe Programme, Chatham House; and Senior Trade Writer, Financial Times This podcast episode was recorded on 31 August 2020 The AIG Global Trade Series 2020 examines the ongoing challenges, opportunities and transformations that are reshaping the world’s multilateral trading system. Digital trade and technologies are redefining how and where products are made, shipped and consumed. Digitisation in trade and services was transformative to economies before COVID-19; however, the pandemic has rapidly accelerated this disruption. In this podcast moderator Rem Korteweg of the Clingendael Institute is joined by Marietje Schaake, International Policy Director at the Cyber Policy Center, Stanford University’s Cyber Policy Center; and Alan Beattie, Associate Fellow, Global Economy and Finance Programme and Europe Programme, Chatham House; and Senior Trade Writer, Financial Times. Listen as they discuss the technological changes and regulations reshaping the landscape of global trade. In the digital realm, where does value get created and redistributed? With countries considering measures to tax the digital economy, is the digital arena becoming yet another stage on which geopolitical tensions will play out? Or, is there the potential for an alliance of like-minded democracies to come together on issues relating to the digital economy? __________ The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

44mins

9 Apr 2021

Rank #8

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What is the outlook for regional trade integration in Africa?

The African Continental Free Trade Area (AfCFTA) agreement is a major step for Africa’s role in international trade Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: Katrin Kuhlmann, Visiting Professor of Law, Georgetown Law; President and Founder, New Markets Lab Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat This podcast episode was recorded on 7 October 2020 The AIG Global Trade Series 2020 examines the ongoing transformation of the world’s multilateral trading system. The global trade system is at a critical inflection point, under pressure from economic nationalism and protectionism across much of the world. Yet, in Africa, trade integration is moving forward, and fast. At a time when the system is under increasing pressure, the African Continental Free Trade Area agreement has been hailed as much needed commitment to the international rules-based order. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Katrin Kuhlmann, Visiting Professor of Law, Georgetown Law; President and Founder, New Markets Lab and Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat. Listen as they discuss the outlook for regional trade integration in Africa, and what impact the COVID-19 pandemic is having on African economies. Can the AfCFTA live up to expectations, integrating markets and overcoming fragmentation, to deliver inclusive and sustainable growth across the continent? With Sub-Saharan Africa entering a recession for the first time in 25 years, how can global and regional trade be part of the post-pandemic recovery? And with firm leadership being shown from African leaders in the trade-sphere, should we expect a more active role for the continent at the World Trade Organization and on the global trade stage? __________ The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

49mins

9 Apr 2021

Rank #9

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What Now for Sustainable Trade, the Climate Agenda and the Global Trade System?

Reconciling global trade and sustainability Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute Panellists: Geneviève Pons, Director General of the Brussels office, Jacque Delors Institute Pascal Lamy, President Emeritus, Jacques Delors Institute This podcast episode was recorded on July 16 2020 The AIG Global Trade Series 2020 examines the ongoing challenges, opportunities and transformations that are reshaping the world’s multilateral trading system. As politicians and business leaders focus on restoring the world economy after the sudden disruption caused by COVID-19, it seems that the concerns with climate change have taken a back seat. And yet, in the EU, there is real leadership being seen when it comes to using the green agenda to drive economic recovery. In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Geneviève Pons, director general of the Brussels office of the Jacque Delors Institute and honorary Director of the European Commission; and Pascal Lamy, president emeritus of the Jacque Delors Institute and the former director general of the World Trade Organization and former EU trade commissioner. Listen as they discuss the link between the future of the global trade system, the effort to address climate change, and how COVID-19 has impacted it all. Can job creation, investment, redevelopment, fossil fuel transition and waste management be aligned with green agenda targets?  Can trade liberalization be promoted while also preserving climate conditionalities and carbon border adjustments? Or, are the worlds of global trade and sustainability simply too far apart to ever reconcile? The Delors Institute published a report ‘Greener After’ which focuses on the green recovery stimulus for Europe post COVID-19. Many of the topics covered in this podcast are developed in the report. The Greener After report can be found here - https://institutdelors.eu/publications/greener-after/. __________ The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

38mins

9 Apr 2021

Rank #10