February 12, 2021: Both new US President Joe Biden and UK Prime Minister Boris Johnson are headlining their determination to reduce net carbon emissions to zero by 2050. But Australia’s Morrison government is declaring that it will fight any proposal to impose border carbon levies, including in the current UK-Australia and EU-Australia Free Trade Agreement negotiations.
February 10, 2021: Former US President Trump made life at the top of the World Trade Organisation hard for its former head, Roberto Azevado, who left early to take a job with PepsiCo. Then Trump blocked the appointment of his replacement, who had clear majority support. Now US President Biden has cleared the way for her appointment,
Dr Ngozi Okonjo-Iweala from Nigeria, is likely be the first woman and first African to head the WTO when the post is filled later this year.
February 8, 2021: A Senate Inquiry heard last week that Google’s Singapore subsidiary could allow it to use a controversial Investor-State Dispute Settlement (ISDS) provision in the Singapore-Australia Free Trade Agreement to demand millions in compensation over proposed Australian regulation for payment of news content.
February 2, 2021: The next round of World Trade Organisation TRIPS Council negotiations on improving access to vaccines for low income countries by waiving certain intellectual property (IP) rules during the COVID-19 pandemic will take place this Thursday, February 4.
The proposal initiated by India and South Africa is now being officially co-sponsored by Eswatini, Kenya, Mozambique, Pakistan, Mongolia, Venezuela, Bolivia and Egypt.
February 1, 2021: World Health Organisation Director-General, Tedros Adhanom Ghebreyesus, told a briefing on January 29, “If we hoard vaccines and we are not sharing, there will be three major problems. One, I have said it, it will be a catastrophic moral failure and two it keeps the pandemic burning and three very slow global economy recovery”.
January 27, 2021: Incoming US President Joe Biden has cancelled a vital permit for the environmentally contentious Keystone XL pipeline proposed to take Canadian tar sands to refineries in Texas. This decision to protect the environment could trigger a compensation claim under Investor-State Dispute Settlement or ISDS.
January 25, 2021: The Paris-based International Chamber of Commerce has commissioned a team of economists affiliated with Harvard University, the University of Maryland and Istanbul’s Koc University, to examine trade data across 35 industries in 65 countries, which explores the economic impacts of unequal COVID-19 vaccine distribution.
January 21, 2021: Incoming US President Joe Biden has immediately issued Executive Orders which reverse major Trump policies over the last four years, beginning with re-joining the World Health Organisation and plans to address deadly COVID-19 pandemic, reversing his environmental agenda including re-joining the Paris Climate Agreement, cancelling his anti-immigration policies, bolstering the economy and restoring federal efforts to promote diversity.
International trade agreements didn’t feature.
January 19, 2021: The World Trade Organisation TRIPS Council is today debating again the proposal by India and South Africa, supported by 100 countries, to waive various intellectual property provisions on COVID technology. Big Pharma has defended its 20-year monopoly on new medicines and the MSF medicine access movement has rebutted their claims.