Mastering Trade Diplomacy : let’s talk about Tariffs

International cooperation gradually developed towards an economic order based on the opening up of markets (notably through tariff reductions) and the predictability of mutually agreed rules. The multilateral trading system flourished in the second half of the 20th century, culminating in the creation of the World Trade Organisation (WTO) in 1995, an institution with a universal vocation.

International trade sustained growth in many developed and developing countries. Poverty and global North-South inequality have declined. Lower prices for imported goods have benefited the less affluent, including in advanced economies.

But while progress is real, the economic well-being of households within the same country can vary widely. In the absence of adequate support measures, some sections of society may be at a loss when it comes to adapting to the opportunities offered by globalisation and technological change. Political exploitation of the discontent did not take long.

The clouds began to gather at the beginning of the 21st century. Despite some tangible progress, the WTO negotiations have slowed down and the Doha Round launched in 2001 has fallen into lethargy. The dispute settlement system has been disrupted since December 2019.

The aspiration for strategic autonomy has also grown stronger after the COVID pandemic exposed significant dependencies in the supply of products deemed essential. Concerns about China’s economic dirigisme are also mounting.

Furthermore, US trade policy has undergone drastic changes with the sweeping imposition of additional customs tariffs, notably with a view to reducing the trade deficit and revitalising American industry.

Discover the path to success in your negotiations with the International Institute for Diplomacy – Switzerland (IID), where exceptional speakers, including diplomats and experts in the field, will share their expertise with you. In partnership with the CCIG – Geneva Chamber of Commerce, Industry, and Services, we offer you the opportunity to transform your skills into a guaranteed victory with our highly qualified team!

In partnership with