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Reshaping Trade: The Rise of Asia and Next Generation Challenges
Over the last seventy years, global trade flows have grown to an unprecedented level, reaching nearly $30 trillion in 2021. The Asia Pacific region has been central to this remarkable growth, with trade volumes nearly quadrupling in the last twenty years. Asian countries view trade as a critical tool to grow their economies, strengthen supply chain resiliency, create jobs, foster development, attract foreign direct investment, and promote innovation. As a result, they have been on the forefront of negotiating trade deals, both in regional groupings and on a bilateral basis.

Over time, forging new trade deals has become more challenging. The future of the rules-based trading system will be determined by its ability to address next generation challenges, including digital trade, climate change, economic inclusion, economic security, and non-market economic practices. Trade agreements are likely to look inherently different going forward, and governments that are nimble in adapting to this new landscape will be the most successful. As a hub for trade activity, Asia is well poised to play a critical role.

A new ASPI report, The Evolution of the Global Trading System: How the Rise of Asia and Next Generation Challenges Will Shape the Future Economy, from ASPI's Shay Wester and Wendy Cutler, examines the past and future trade landscape with a focus on developments in Asia.

The report will be the focus of this ASPI webinar. ASPI Vice President Wendy Cutler will open with an overview of the report's findings, followed by a panel discussion moderated by Candi Wolff, Managing Director, Global Government Affairs at Citi, and featuring Tim Groser, former New Zealand Ambassador to the U.S. and Minister of Trade; Yeo Han-koo, ASPI Distinguished Fellow and former Korean Trade Minister; Elizabeth Chelliah, Principal Trade Specialist, Ministry of Trade and Industry, Singapore; and Kurt Tong, Asia Group Managing Partner.

Nov 29, 2022 08:00 PM in Eastern Time (US and Canada)

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