The Economist - USA (2019-12-07)

SpeakersonstageattheWorldTradeSymposium 2019

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Last month senior leaders from the world trade community came together at the fourth

annual World Trade Symposium in New York to join a global conversation about the

future of open trade. Set against a backdrop of partisan gridlock, the ongoing US-China

trade dispute was a recurring theme throughout the event. Important discussions

followed, about the practicalities of using real technology to tackle the ine ciencies and

negative externalities associated with global trade.

worldtradesymposium.com | @EconomistEvents | #WorldTrade19

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EXECUTIVE SUMMARY

Peter Navarro, Director of the O ce of

Trade and Manufacturing Policy:

“The mere threat of tari s can serve as a

useful tactical tool to provide negotiating

leverage.”

Caroline Freund, Global Director of

Trade, Investment and Competitiveness,

World Bank:

“It’s very important the goods move

quickly and predictably in a global value

chain. The next stage in production is

going to be waiting for that good and a

delay is money.”

Gerald Sun, vice-president, Mastercard:

“Harmonisation has been di cult

because most of the [standards] bodies

that we fi nd in trade operate vertically

within their industries.”