Established in 2018, Bloomberg New Economy seeks to be the defining voice and global hub of ideas during this period of global change. Our annual gathering, the New Economy Forum, convenes a global community composed of leading executives, policymakers, rising stars, innovators, and thought leaders from around the world to have candid exchanges, conversations, and debates.

Together, they define the challenges, identify the opportunities, and chart a way forward toward a thriving economy of the future. In November 2019, our community convened in Beijing, the very heart of the new economy, to continue the dialogue on these challenges and collaborate on a pathway toward prosperity in the new economy.

Through the New Economy Solutions, we engage our community throughout the year to advance pragmatic, creative solutions that make tangible progress in tackling the broader challenges of the New Economy.

These solutions launch or expand existing initiatives that combat inequality and/or climate change. From hiring refugees and reskilling workers to leveraging data and AI for climate change related disaster relief, we seek to convene the right perspectives through workshops and matchmaking, to amplify awareness of effective efforts to our community and beyond, and to use the New Economy Forum as an opportunity to issue calls to action to our CEOs and government officials.

GTPA to lead coalition to unlock inclusive trade at 2020 Bloomberg New Economy Solutions launched in Beijing

The Global Trade Professionals Alliance (GTPA) is delighted to announce our lead role in a coalition to unlock inclusive trade, one of six coalitions launched at the 2020 Bloomberg New Economy Forum in Beijing. The GTPA was selected from 1,400 ideas from across 107 countries as one of the six solutions to address challenges facing the new economy.

Alongside the Unlocking inclusive trade solution, the other 2020 solutions included important areas such as advancing smart cities, addressing physical climate risk, unleashing agricultural productivity, shaping the next generation public infrastructure and expanding access to secure digital forms of identification.

“Adopting a more inclusive global trade architecture will ensure that everyone enjoys the same opportunities to participate in international trade, and that the benefits from trade are distributed in a fair and equal fashion. This ultimately leads to more stable and prosperous societies. The GTPA is delighted to be collaborating on the Bloomberg 2020 New Economy Solutions to address unlocking international trade.” - Ms Lisa McAuley, CEO of the Global Trade Professionals Alliance

Over the next year, we will work alongside global collaborators from the finance and development sector, representatives from multinationals (MNCs) to small to medium enterprises (SMEs) to develop a solution that expands the capability of SMEs in emerging markets to engage in international trade. This includes identifying opportunities for large MNCs to increase purchasing from SMEs in developing countries, especially through digital marketplaces, while supporting to build SME capabilities to integrate into global value chains.

“We are very proud to be leading this Solution and look forward to the tremendous opportunities to advance thoughtful discourse, advocacy and substantive solutions in trade as a result,” says GTPA CEO Lisa McAuley. “We will actively seek ways to engage the GTPA community in this potentially transformative initiative and to work collaboratively to increase the participations of SMEs in developing countries in international trade.” “As change and uncertainty continue to define the world in which we operate, the New Economy Forum presents an excellent platform to collaborate and solve some of the biggest challenges in international trade and in society more broadly,” adds GTPA Head of Global Trade Policy Niels Strazdins. “We are very excited to play a role in this.”

 

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