Asia Trade Summit 2020
The Economist’s second annual Asia Trade Summit will bring together heads of companies, regional trade negotiators, policymakers, academics and economists for a day of learning and rigorous debate. The event will be focused on solutions and committed to producing outcomes that matter. Through a series of roundtables, onstage debates and panel conversations, the summit will analyse risks and opportunities, and look for a pragmatic way forward for those working in—or depending on—the trade industry in Asia.
Asia is becoming the centre of the global trading system.
Over the past year, consumers in Japan and the European Union have begun reaping the benefits of their large bilateral trade deal, creating a new marketplace that encompasses a third of global GDP. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect at the end of 2018, is opening new trade pathways for various Asian countries. India’s GDP expanded by 7.1% in 2018, making it the fastest-growing economy in Asia, and third fastest globally. Other countries in the region, such as Vietnam and Malaysia, are gaining from American firms moving their Chinese operations to avoid tariffs.
A rebalancing act is underway—
- but who is poised to capitalise on the opportunities it presents?
- How has the implementation of important deals, such as the CPTPP, affected companies throughout the region?
- How are companies likely to change and rework their manufacturing bases, supply chains and their customer focus over the medium to long term?
- Can Asia lead the process of reforming the World Trade Organization (WTO) and does it even matter in a continent of plurilateral trade deals?
- Can supporters of open markets convince voters of their value before it’s too late? If so, how?
Key questions we will answer
- As the global trade model continues to shift to accommodate changing attitudes (and policy) towards free trade, the rise in automation and digitalisation, and innovation in supply chains, a new world order is emerging. How can Asian governments take advantage of the opportunities this could bring?
- Revolution or evolution? The future of the WTO. What would happen if there were no longer a viable mechanism for settling disputes? How radical do reforms to the WTO need to be? How can Asian countries lead this process?
- What is your organisation doing to shape the future of trade in Asia for the better?
- What would a decoupling of the world’s two largest economies really look like? And how will the United States presidential election in November 2020 affect future relations between the two countries?
- Are global trade and environmental sustainability incompatible?