Business Briefing: Geopolitical risks in global trade and investment

Please join us for this briefing with Emily Blanchard, Former Chief Economist, US State Department.

Partner and major corporate event
13 May 2024 — 12:45PM TO 2:00PM
Chatham House

The 2020s have been a difficult decade for global trade. The supply chain shocks of the Covid-19 pandemic, increased Sino-American competition, unprecedented G7 sanctions following Russia’s full-scale invasion of Ukraine, have all affected global trade flows. Whilst growth in international trade volumes had been slowing since 2011 (according to the OECD), the 2020s have seen a marked acceleration of that trend. In 2023, The World Bank estimated that trade in goods shrank by two percent, the sharpest contraction (outside of a recession) this century.

This critical conversation will cover:

  • What does a greater elision of trade and security policy mean for the future of global free trade?

  • How can multilateral trading organisations be reformed to deal with trade disputes more effectively in an era of greater geopolitical competition?

  • What are the key international flash points which might affect global trade in the near term, including developments in Ukraine and the Middle East?

  • Western economies, led by the US have pioneered new national industrial strategies for reasons of climate and economic inclusion. How will this affect global value chains?