Looming US-China trade wars risks leaving us all less prosperous
Monday, 11 June 2018
With the start date looming for American tariffs on Chinese goods, China and the US are on the brink of a £75 billion trade war, with profound implications for global prosperity.
The latest round of talks ended without a breakthrough, and with a resolution seemingly far from sight. Whilst Beijing issued a tough warning to President Trump over impending tariffs on Chinese goods, the President responded to the issue on twitter, claiming “the US has been ripped off by other countries for years on trade, time to get smart!” China has however said it is willing to increase imports from other countries, including the US, presenting itself as the voice of free trade and challenging the US “America first” rhetoric.
New African free trade deal promises to be a transformative pathway from poverty
Monday, 26 March 2018
Last week's creation of the African Continental Free Trade Area (CFTA) brings into being one of the world's largest free trade blocs, which promises to open the continent's economies to unprecedented trade and investment.
Trade between African nations remains comparatively low, accounting for only around ten per cent of commerce on the continent. CFTA, agreed at the AU's recent summit in Kigali, is designed to change that, by allowing the free flow of goods and services between its members. The UN Economic Commission for Africa (UNECA) has estimated its impact could increase intra-African trade by as much as 52 per cent by 2022, compared with trade levels in 2010.
Radomir Tylecote tells City AM that joining the Trans-Pacific Partnership (TPP) would be a true statement of intent by global Britain
Thursday, 4 January 2018
Participating in City AM's debate with Labour MP Alison McGovern, Radomir argued that membership of TPP would demonstrate Britain’s new trading independence.
The TPP is one of the most advanced trade agreements in the world, but doubters have suggested that, not being a Pacific nation, Britain should not or cannot join. Not so. TPP is an open agreement, and signatories have indicated they want us on board.
But we won’t be able to join in just any circumstances. We will need control over not only tariffs, but also regulations currently determined by the EU. Many do not meet TPP standards – for example, in data flows and agriculture – as they favour incumbents, harming consumer welfare. Being ready to join the TPP, and other agreements, will require that we determine regulations ourselves.
Asia-Pacific is the fastest growing region in the world, and the TPP gives Britain a trading opportunity we should not miss.
You can access the full debate here
Shanker Singham tells BBC Radio4 that Crawford Falconer is the best man to negotiate our trade deals
Saturday, 26 August 2017
Crawford Falconer, a trade negotiator from New Zealand and former Commissioner with our Special Trade Commission, has been appointed by the Government as chief trade negotiator for the many trade deals that need to be made once Britain has left the EU.
This is a massive undertaking and BBC Radio4 sought the views of friends, family and colleagues to shed light on Crawford's career and see if he's up to the task ahead.
Shanker Singham, Chairman of our Special Trade Commission, is confident Crawford has what it takes. He said in the interview:
"There's more than just knowledge and experience in having done negotiations. There are of course lots of people who have done that. It's also the character that you bring to this. You're going to have to have someone who is optimistic, who is vision oriented and who can see the big picture...You need somebody there who's got their eye firmly on the prize of success. One of the things about Crawford is he does have that."
Listen to the BBC Radio4 interview here.
Legatum Institute responds to George Osborne’s BCC speech
Tuesday, 28 February 2017
LONDON— Chair of the Legatum Institute’s Special Trade Commission, Shanker Singham, responds to former Chancellor George Osborne’s remarks at the British Chambers of Commerce conference today - 28th February.
Fox Declares Trade Ministry ‘Open For Business’
Thursday, 8 September 2016
Britain’s settlement with the EU will depend in part on how well it appears to have proceeded with the non-EU trade talks, writes Shanker Singham, Director of Economic Policy & Prosperity Studies and Chairman of the Legatum Institute Special Trade Commission (Financial Times)
Brexit Britain Has a Historic Opportunity To Reshape Global Trade
Monday, 22 August 2016
Brexit represents a historic opportunity for Britain to reclaim its leadership role in promoting open trade, competition and the protection of property rights says Shanker Singham, Director of Economic Policy & Prosperity Studies and Chairman of the Legatum Institute Special Trade Commission. (Reaction)
Trading Up: New Ideas for UK Exports
Friday, 17 June 2016
Emily Redding is the author of a new paper that raises some of the major issues faced by UK exporters, and offers policy recommendations for how these issues can be addressed in order to improve the UK’s export market and overall productivity.
UK Risks Missing £1Trillion Exports Target, Warns Think Tank
Thursday, 16 June 2016
LONDON—The UK risks missing its target of increasing exports to £1trillion by 2020 unless it abandons its misplaced focus on boosting the number of SMEs who export their goods and services and instead concentrates on helping existing exporters build permanent footholds in new markets.
Britain's Future in the World: A Time of Choosing
Thursday, 5 May 2016
As the EU referendum approaches, the Legatum Institute hosted a debate on Britain’s role in the world with Steve Baker (MP for Wycombe), Gideon Rachman (Financial Times) and Anne Applebaum (Legatum Institute).
Cottonopolis: Manchester, the Growth and Growing Pains of a Modern City
Tuesday, 19 April 2016
In the third History of Capitalism lecture for 2016, Victoria Bateman, Fellow in Economics at Cambridge University's Gonville and Caius College, charted the rise of Manchester, discussing the growing pains involved in its rapid growth into a truly international city.
Saving Britain’s Steel Industry: From Redcar to Port Talbot
Friday, 1 April 2016
The British government must act now to ensure its trading partners deliver not only open trade, but equally importantly competitive markets inside the border, undistorted by anti-competitive practices and policies, writes Shanker Singham, Director of Economic Policy and Prosperity Studies at the Legatum Institute (CapX)
Trump/Sanders Policies Could Cost Six Million American Jobs
Friday, 11 March 2016
The protectionist policies put forward by US Republican candidates, Donald Trump and Bernie Sanders, will be the biggest job-killer we have seen since the Great Depression, writes Shanker Singham, Director of Economic Policy and Prosperity Studies at the Legatum Institute (CapX)
Lubeck and the Hanseatic League: The Birthplace of the Common Market
Wednesday, 10 February 2016
In the first lecture of the 2016 History of Capitalism series, David Abulafia, Professor of Mediterranean History at Cambridge University and Legatum Fellow, told the story of the Hanseatic League and the city of Lubeck that lay at its heart.