Current trade and technological conflicts between the world’s largest economies are reviving trade protectionism. At the same time, non-tariff measures (NTMs) and trade-affecting regulations, have risen in recent years, according to UNCTAD data.
With the prospects that an improvement in global fisheries management can bring additional economic gains estimated at $83 billion, according to the World Bank, the most intense and critical issue on the World Trade Organisation’s (WTO) round of negotiations this month is, fisheries subsidies.
Prospects for a bullish soya bean trade between the US and China are currently not bright because of their trade war. Already, the war has brought greater attention to the soya bean trade with 2019 offering conflicting narratives.