SESSION 1) US-China Competition and the World Economic Order
The US-China rivalry is reshaping the world economy and even the daily lives of ordinary people. It is disrupting the global supply chains for COVID-19 vaccines, semiconductors, batteries and even consumer goods. Against this backdrop, this session is designed to invite global leaders, thinkers and/or policymakers to address the following questions, among others.
SUB) Korea World Trade Cooperation Strategy Round Table
In recent years, we are witnessing several notable trends in international trade. First, amplified negative voices on free trade and globalization from the general public. Second, the distortion of fair competition in the global market due to overproduction and redundant production capacity powered by the Chinese government's industrial subsidies. In response to this phenomenon, the US regulates the export of high-tech products to China. Third, efforts to establish domestic supply chains regarding the production of high-tech products such as semiconductors and electric vehicle batteries. Fourth, strengthened response to climate change and the expansion of digital trade. The problem with these international concerns is that there is no transparent and fair multilateral policy that can govern and oversee these issues. The Twelfth WTO Ministerial Conference (MC12) will be held in Geneva soon. However, trade experts are skeptical on whether this meeting will result in significant changes. For the time being, it is believed that there is little room for improvement in the world trade environment through the multilateral trading system centered on the WTO.
