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AIG Global Trade Series 2024

Back to the Future:

A New Era of Managed Trade? 

Globalisation’s next chapter is being written, driven by concerns about supply chain risks. The global trade in goods is increasingly seen through a security prism in capitals around the world and governments are developing new policies to reduce unwanted dependencies, seek new sources of leverage and guarantee supplies. Trade links are being reordered as policymakers scramble to secure access to strategic materials and positions in global value chains. Meanwhile, geopolitical turbulence and climate ambitions are giving rise to industrial policies, sanctions and a growing use of subsidies.

From investment screening to quotas to export controls, policymakers are proposing an increasing number of tools and policies to steer trade and investment flows. But despite worries about protectionism and fragmentation, trade continues as the private sector manages risk by embracing diversification. Elections in the US, EU, Mexico, UK, Indonesia, India and elsewhere may also lead to a reordering of the global politics of trade. Has the global trade system entered an era of managed trade? What will it mean for regional approaches to trade, and what does it mean for multilateralism and the WTO? Ultimately, the main question could be: who is in the driving seat in this brave new world for trade?

Introduction from Thomas Lillelund

The AIG Global Trade Series 2024 is a series of podcasts analysing the complex interplay of factors shaping the global trade system. The series is brought to you by AIG in partnership with some of the world’s leading centers of expertise on global trade.

To hear leading international experts discussing a wide range of the most important trade related issues, listen to the episodes on this site or wherever you get your podcasts.