In: Economics
taying open for trade
Global trade and technological change have made economies more interconnected. Policy needs are more complex, as are negotiations on trade rules.
The key questions are no longer conventional border measures such as tariffs, but “behind-the-border” measures such as regulation, state aid, and intellectual property.
We advise on:
Our advice is supported by our expertise in infrastructure reform, technology and innovation, competition policy, public policy and regulation.
Find out more: Policy, Competition, Regulation
Trade policy modelling
Trade policy looms large in the news. The UK’s impending departure from the EU means that it will need to devise its own trade policy for the first time in recent memory. The EU itself has much unfinished business on trade, both internally and with the rest of the world.
Designing trade policy is complex, spanning tariffs to beef, to regulating financial services, to state aid. If done correctly, policy reforms can benefit the reforming country and its trade partners.
Our strengths are based not only on our advisory capabilities, but also on our experience of implementing reforms.
Our experience includes:
Trade Policy Reform
Evaluating the impact of trade reforms and negotiations usually requires quantitative modelling. We use econometric approaches, supplemented as needed by macro-economic modelling frameworks. But we don’t just rely on the numbers – we’re careful to describe the underlying narrative and policy implications.
Our experience includes modelling:
Trade litigation and negotiation
Trade litigation spans issues including trade remedies, such as anti-dumping action, and disputes before international tribunals. And trade negotiations take place at bilateral, regional and multilateral levels.
In trade litigation, our work focuses on providing:
Our experience around trade negotiations includes:
Trade promotion and diplomacy
Trade negotiations are not the only way through which government diplomacy can enhance a country’s export capacity. Governments can also increase opportunities for businesses overseas through supporting interventions such as providing market intelligence, fostering networking opportunities and arranging exhibitions and fairs.
Though these activities have a long history, in more recent times there has been a greater interest in identifying how these activities can deliver better value for money.
Our experience includes: