Discover and read the best of Twitter Threads about #WTO

Most recents (16)

Francois Villeroy de Galhau “we pay attention to market signals but we must not be market dependent. that includes not being overly sensitive to market based measures of inflation expectations”
Very grim diagnostic of the current state of global cooperation by @arvindsubraman Hard to disagree.
Read 7 tweets
¿Has oído hablar del Tribunal Multilateral de Inversiones? #MultInvCourt

Una especie de corte mundial para ampliar los privilegios de las corporaciones transnacionales. Se negocia en la Comisión de Naciones Unidas para el Derecho Mercantil (#UNCITRAL).

Abro hilo ⤵️ #StopISDS
1⃣ Los acuerdos de comercio e inversión representan una forma para que las empresas multinacionales y millonarios se enriquezcan a costa de la gente de a pie. Eso es lo que la UE ha hecho durante 50 años con el mecanismo de ‘solución de controversias inversor-Estado’, o #ISDS.
2⃣ El arbitraje de inversiones o mecanismo de ‘solución de controversias inversor-Estado’ es un privilegio especial del que han abusado muchas multinacionales. Es un aspecto desconocido de los tratados comerciales para gran parte de la sociedad. #StopISDS cuartopoder.es/economia/2019/…
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Word that @WhiteHouse plans to nominate #DavidMalpass to run the @WorldBank has several implications, which I'll touch on in this thread.
First, Bank staff will reel from the widespread frustration many felt w/Jim Kim's "big ideas" and reform agendas, now likely to be shred.
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Second, Malpass shares many of ideas forwarded by GWBush-appointed @WorldBank leader Wolfowicz, including disdain for globalization, dislike of typically liberal development programs, and little respect for the expertise of Bank economists. He's on record anti-#WTO .
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Third, Malpass is cut more from the cloth of Reagan than #Trump , which in the scheme of things is good news. But he shares @POTUS disdain for Xi's #beltandroad economic scheme and sees China as a threat. This could set the WB in >er competition w/China Development Bank.
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1/ war paint on & we're ready to #EURockNRoll 🇪🇺🇬🇧👊

Protesting outside Parliament today over the #MeaninglessVote

Your deal is dead @theresa_may! Plan B is Plan A - and it's not good enough for #Britain!

It's time for the people to demand a #FinalSay on this mess
#StopBrexit
2/ there appears to be massive @UKIP and @LeaveMnsLeave #WTO rules protest and march occurring.

Not enough Remainers on the ground to counter & the atmosphere is very toxic.

I was immediately called every name under the sun and told I am a disgrace. 🙄
3/ I had to take a photo of this dude.... I'll give it to him - his costume is great! 😂🤣😂 #LeaveMeansLeave
Read 17 tweets
@JamesDelingpole Two issues with your piece.
N°1: you assert, "Britain traded perfectly well for the large chunk of history it has spent outside the EU." This is a spurious argument. The EU didn't exist then. We are going from the best possible trade terms with the EU (SM+CU) to worst (#WTO).
/1.
@JamesDelingpole This will not just impact our trade with EU27 + EEA/EFTA4, but also with those countries with trade with via EU FTAs and those countries we trade with on WTO+++ terms, the '+++' furnished by the EU's 759 facilities that improve on #WTO terms.
/2.
@JamesDelingpole Only 16% of UK's trade is on WTO terms alone.

You're proposing that we dramatically downgrade 100% of our trade to WTO terms alone, at the stroke of a pen. This is insanity. It has taken decades to reach to position we're in today. No wonder Mogg says 50yrs to recover!
/3.
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1/ This #Get2KnowWTO campaign is really a new low for the hard brexiters. This has gone from moronic flag-waving to something approaching outright disinformation. NO WTO experts think that WTO is a good option for the UK. NONE. #Brexit #WTO
2/ Claim - 164 countries in the world trade under WTO rules - this is what is known as a 'lie of omission'.
3/ "Six of the EU's top 10 trading partners trade under wto rules including the USA."
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Read 10 tweets
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
theglobeandmail.com/canada/article…
A gauge of #technology shares on the MSCI #Asia Pacific Index slid as much as 3 percent before paring some losses - Bloomberg
🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
Read 736 tweets
#BrexitChaos - thread: need for definitions:

#NoDeal #nodealbrexit means crashing out: no arrangements with the #EU or other member states, no transition period. Means losing all existing trade deals & years of global negociations
#WTO ≠ trade deal (look it up!) 1/9
@theresa_may #WithdrawalAgreement is the framework for a future #UK #EU future relationship. Allows for an orderly #Brexit with transition period, but leaves many issues to resolve, trade deals and regulations to negotiate, which will take many years and be costly. No "dividend"!
It is possible to #StopBrexit and #Remain. This means staying in the #EU with all current benefits, reciprocal rights and protections, free trade and movement for goods, services and people within the EU. To do this, Govt must #RevokeA50 (Article 50=notice given to #Leave 3/9
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🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
“All the reasons I am now getting involved in campaigning for a vote on the #Brexit deal with the hope to stop Brexit.” @fiocca1983 in @PMPmagToday. @RemainerNow #PeoplesVote @PeoplesVote_UK vip.politicsmeanspolitics.com/2018/08/21/i-v…
“Growing up, my family were always going on about how #immigrants are to blame for many things wrong in this country. I took on those views, I was conditioned to think them” @fiocca1983 says in @PMPmagToday @RemainerNow #Brexit #PeoplesVote @PeoplesVote_UK vip.politicsmeanspolitics.com/2018/08/21/i-v…
In 2016 @fiocca1983 thought “We don’t need #EU to trade, we can do deals with the rest of the world instead. 2 weeks to get #Doctor’s appointment! Less #immigrants would make that faster for sure!” He tells @PMPmagToday @RemainerNow #Brexit @PeoplesVote_UK vip.politicsmeanspolitics.com/2018/08/21/i-v…
Read 11 tweets
1/4 If anyone is still listening, here’s an ABC of WTO-only #Brexit as it applies to my business, driving & #trucking.

Bryce Baschuk (@bbaschuk) writes for Bloomberg on WTO.

Dmitry Grozoubinski (@DmitryOpines) has actually been a #WTO negotiator.
2/4 Dmitry lists (by his own admission, in no particular order) planes not flying, ill prepared customs authorities, removal of competent authorities & loss of financial services & then says this about #trucking..
3/4 Pauline Bastidon (@BastidonPauline Head of European Policy at the Freight Trade Association) then adds the following..
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In Granite City, #Illinois, @POTUS says "we're here today to celebrate a great victory...pouring new American steel into the spine of our country.
"U.S. Steel is back," declares @POTUS.
Now @IvankaTrump on stage: "This president and this administration is fighting for each and every one of you."
Read 27 tweets
We’re underway. @POTUS @JunckerEU
“We had a big day...to launch a new phase...of strong trade relations,” says @POTUS.
We agreed today to work to zero tariffs, announces @POTUS.
Read 10 tweets
While we wait for #HELSINKI2018 to finish, here's a couple of remarks inspired by the #TrumpPutin meeting.
1. Finland is not a neutral country. We chose our side when we joined European Union in 1995. Finland chose to be on the side of #humanrights, #democracy, #ruleoflaw and multilateral world order. Finnish foreign policy is based on promoting and defending these values.
2. Women's rights are human rights. We believe the world would be a better place for everyone if #WomensRights and girls' rights would be recognised and respected all around the world.
Read 7 tweets

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