The eNotus Vision
What People Have Said About eNotus Projects
John Dryden, Deputy Director, Directorate for Science, Technology and Industry Organization for Economic Co-operation and Development
The US president Donald Trump addresses the World Economies
TPP Redux: Why the United States Is the Biggest Loser
On the first anniversary of President Trump’s announcement that the United States would withdraw from the Trans-Pacific Partnership (TPP), the remaining 11 signatories in that pact have agreed in Tokyo to enter into a revised pact without US participation. The biggest loser from their agreement, not surprisingly, is the United States.
US real income under the original TPP would have increased by $131 billion annually, or 0.5 percent of GDP. Under the new deal without US participation, the United States not only forgoes these gains but also loses an additional $2 billion in income because US firms will be disadvantaged in the TPP markets.
The new trade pact, awkwardly retitled the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP, keeps the original deal substantially intact. The CPTPP will be signed in Chile on March 8. The agreement is for all intents and purposes the TPP without the United States. The market access commitments remain essentially the same as in the TPP.
There are three main differences between the new and old agreements:
First, the entry into force provisions were changed because they originally were cast to require US participation before the pact could take effect. Now the deal can enter into force 60 days after 6 of the signatories ratify the pact.
Second, the 11 countries—Australia, Japan, New Zealand, Canada, Mexico, Singapore, Malaysia, Vietnam, Brunei, Chile, and Peru—agreed to suspend about 20 TPP provisions, most of which were included at US insistence despite opposition by most of the other countries. Specific obligations regarding patents on certain pharmaceutical products, procedures involving investor-state disputes, prohibitions on the illegal taking and trade in wildlife, and reforms facilitating express delivery services were not deleted from the CPTPP, but the obligations will not be in force until members agree to activate them.
Third, a few revisions were made to obligations to reform state-owned enterprises (SOEs) and labor commitments by Malaysia and Vietnam. The CPTPP countries also agreed to include a side letter to the deal that addresses Canadian concerns about public support for cultural industries.
According to modeling estimates by Petri et al. (2017), the prospective real income gains for the 11 countries once the pact is substantially implemented will be around 1 percent of GDP above a baseline of $158 billion, or a little less than half of the expected gains from the original deal for the 11 countries.
One irony is that with this agreement, CPTPP countries remain committed to the comprehensive trade rules that the United States drafted and delivered in the original TPP, largely based on US standards and practice, even though the Trump administration has walked away from the US-designed agreement. In that sense, the 11 countries today reaffirmed their commitment to free and open markets, in contrast to the interventionist policies now advocated and implemented by their big neighbors, China and the United States!
Author – Jeffrey J. Schott (PIIE)
The B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel in Berlin
The B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel in Berlin – May 3rd, 2017
The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies. Developed under the theme “Building Resilience – Improving Sustainability – Assuming Responsibility”, the B20 Policy Recommendations span the entire scope of the G20 process: from the need to maintain an open, rule-based trading system, to facilitating sustainable finance and increased efforts to widen the inclusiveness and resilience of the labor market in the face of technological change.
Germany assumed the G20 Presidency at a time of growing uncertainty around the world. The business community stands ready to take responsibility and do its part. We would like to thank all our members and partners for their continuous engagement, without which this process would not have been possible.
You can download the English version of the B20 Summary document containing the Policy Recommendations here.
The German version is available for download here.
Events eNotus has participated in 2018
WEF Davos, Switzerland
January 18, Trade Delegation Breakfast, Hotel Grischa
January 19, Artificial Intelligence – Driving Transformation and Growth, Belvedere Hotel, Davos
January 20, Fourth Industrial
January 23, Digitalisation Taskforce Conference Call
February 2, Employment & Education Taskforce Conference Call
February 20, Digitalisation Taskforce Conference Call on 3rd policy paper draft
March 14, Employment & Education Taskforce Conference Call on
March 21, Special B20 -Germany – BIAC OECD Session, Paris, France
April 10~12 Commonwealth ICT Forum, Dubai, UAE
April 22, IMF Spring Meetings Washington DC, B20 Panel on Africa
April 22, B20 Panel Compact with Africa. Part of the IMF World Bank Spring Meetings Washington DC.
May 2 ~3 B20 Summit Berlin, Tempodrom, Germany.
May 3~5 World Economic Forum on Africa, Durban, South Africa.
May 15~ 17 International Small & Medium Enterprise INSME annual meeting Puerto Vallarta, Mexico.
May 16~18 Critical Communications World Hong Kong.
May 17, IOE Global Employers Summit Making the G20 a success Bad Neuenhr, Germany
May 30, T 20 dialogue forum with think tanks,
June 1~3 B20 panel on Trade and Investment, St. Petersburg, Russia
June 7, Youth 20 Summit, Berlin, Germany
July 7~8 G20 Leaders Summit, Hamburg, Germany
JAN 24 B20 at DAVOS. Davos, Switzerland.
FEB 6-7 G20: Global Partnership for Financial Inclusion (GPFI) Meeting. Buenos Aires, Argentina.
FEB 8-9 G20: 1st Meeting of the Digital Economy Task Force. Buenos Aires, Argentina.
FEB 12-13 Global Business Coalition event (GBC). Washington DC, USA.
FEB 20-22 G20: 1st Meeting of the Employment Working Group. Buenos AIres, Argentina.
MAR 12 B20: Digital Economy & Industry 4.0 Meeting. Bilbao, Spain.
MAR 14 B20: Employment and Education TF Meeting. Geneva, Switzerland.
MAR 19-20 G20: 1st Meeting of Finance Ministers and Central Bank Governors. Buenos Aires, Argentina.
APR 5 B20: SMEs Development TF Meeting. Córdoba, Argentina.
APR 9-10 G20: 1st Meeting of the Development Working Group. Buenos Aires, Argentina.
APR 12 G20: Subgroup on Inequalities of the Employment Working Group. Buenos Aires, Argentina.
APR 12-13 G20: 1st Meeting of the Education Working Group. Buenos Aires, Argentina.
APR 19-20 G20: 2nd Meeting of Finance Ministers and Central Bank Governors. Washington DC, USA.
APR 20 B20: Trade & Investment TF Meeting. Washington DC. USA.
MAY 7-8 G20: 1st Meeting of the Trade and Investment Working Group – Buenos Aires, Argentina.
MAY 15-16 Africa SME Finance Forum – Nairobi, Kenya.
MAY 20-21 G20: Meeting of Foreign Affairs Ministers. Buenos Aires, Argentina.
MAY 21 G20: Meeting of Foreign Affairs Ministers – Buenos Aires, Argentina.
MAY 22 USCC: 6th Annual Global Supply Chain Summit – Washington DC, USA.
MAY 23-24 “European Business Summit”. Brussels, Belgium.
MAY 26 St. Petersburg International Economic Forum, SPIEF’ 18 – St. Petersburg, Russia.
MAY 28-9 B20 Joint Task Forces Meeting – Paris, France.
MAY 29-30 / OECD Forum 2018 – Paris, France.
MAY 29-30/ “1st Forum on Artificial Intelligence and the Internet of Things in Smart Sustainable Cities in Latin America”. ITU. UNIDO. Buenos Aires, Argentina.
JUNE 6-8 “The Chicago Forum on Global Cities“. Chicago, USA.
JUNE 08 G7 Canada Summit – Charlevoix, Canada.
JUN 8-11 “US Conference of Mayors”. Boston, USA.
JUNE 11-12 G20: 2nd Meeting of the Education Working Group. Geneva, Switzerland.
JUNE 11-12 G20: 2nd Meeting of the Employment Working Group. Geneva, Switzerland
JUNE 13 G20: Joint Meeting of the Employment and Education Working Groups. Geneva, Switzerland.
JUNE 21 B20: Digital Economy & Industry 4.0 TF Meeting. Buenos Aires, Argentina.
JUNE 22 G20+B20 Future of Work. Buenos Aires Argentina.
JUN 27-28 “Smart City Event 2018”. The Hague, Netherlands.
JUL 2-4 G20: 2nd Meeting of the Global Partnership for Financial Inclusion (GPFI). Riyadh, Saudi Arabia.
JUL 11-12 G20: 2nd Meeting of the Development Working Group. San Miguel de Tucumán, Argentina.
JUL 21-22 G20: 3rd Meeting of Finance Ministers and Central Bank Governors. Buenos Aires.
JUL 25 B20: Trade & Investment (Back to back with G20) Meeting. Buenos Aires, Argentina.
JUL 26 B20: Employment & Education TF Meeting. Buenos Aires, Argentina.
AUG 13-19 / “Youth 20 Summit”. Córdoba, Argentina.
AUG 23-24 G20: Digital Economy Ministerial Meeting. Salta, Argentina.
AUG 21-22 G20: 2nd Meeting of the Digital Economy Task Force. Salta, Argentina.
SEP 3-4 G20: 3rd Meeting of the Education Working Group. Mendoza, Argentina.
SEP 4 G20: Joint Meeting of the Education and Employment Working Groups. Mendoza, Argentina.
SEP 3-5 G20: 3rd Meeting of the Employment Working Group. Mendoza, Argentina.
SEP 5 G20: Education Ministerial Meeting. Mendoza, Argentina.
SEP 04-05 / “Labour 20 Summit”. Buenos Aires, Argentina.
SEP 6 G20: Joint Education and Employment Ministerial Meeting. Mendoza, Argentina.
SEP 6-7 G20: Employment Ministerial Meeting. Mendoza, Argentina.
SEP 12-13 G20: 2nd Meeting of the Trade and Investment Working Group. Mar del Plata, Argentina.
SEP 12-13 “Social Innovation and Global Ethics Forum”. SIGEF 2018. Singapore.
SEP 14-15 G20: Trade and Investment Ministerial Meeting. Mar del Plata, Argentina.
SEP 16-18 / “Think 20 Summit”. Buenos Aires, Argentina.
SEP 25-26 “Connected World Summit”. London, UK.
SEP 27-28 G20: 3rd Meeting of the Development Working Group. Argentina.
OCT 04-05 / “Business 20 Summit”. Buenos Aires, Argentina.
OCT 21-23 / Global Parliament of Mayors Summit, Bristol, UK
OCT 23-25 “Smart Cities Connect”. TAMPA Florida, USA.
OCT 22-26 “World Investment Forum 2018”. Geneva, Switzerland.
OCT 29-30 “Smart Cities Summit”. Atlanta, USA.
NOV 27-29 “Meeting of the Minds”. Sacramento, USA.
NOV 30-DEC 01 / “G20 Leaders´ Summit”. Buenos Aires, Argentina.