The Future of Global Trade

The transcript covers the complexities of Brexit, focusing on the economic divergence between the UK and EU. It highlights the challenges of taxing digital giants like Amazon and Google, especially post-COVID, and the EU's efforts to work with the OECD for a global solution. The discussion shifts to the WTO, emphasizing the need for new leadership to address global trade issues, particularly with China. The transcript concludes with a focus on China's state-supported economy and the need for fair competition in the global market.

What is the main concern of the EU regarding the UK's economic divergence post-Brexit?

• The UK's decision to increase trade tariffs

• The UK's plan to join another trade bloc

• The UK's focus on digital economy over traditional trade

• The UK's potential to lower its precautionary standards

How has COVID-19 impacted the market share of large digital companies?

• It has decreased significantly

• It has remained the same

• It has increased

• It has fluctuated unpredictably

What is the EU's approach if the OECD fails to establish international tax rules for digital companies?

• The EU will wait indefinitely for a global solution

• The EU will seek bilateral agreements with the US

• The EU will abandon the idea of taxing digital companies

• The EU will impose its own digital sales taxes

What is the EU's strategy if international cooperation on digital taxation fails?

• To abandon digital taxation

• To implement its own taxation rules

• To increase tariffs on non-EU countries

• To focus on traditional trade agreements

What is the primary challenge for the incoming WTO director general according to the transcript?

• Increasing tariffs on digital goods

• Addressing the trade imbalance with China

• Improving trade relations with Africa

• Promoting free trade within the EU

What percentage of the Chinese economy is under state command, posing a challenge for fair competition?

• 70%

• 50%

• 30%

• 10%

What is the EU's concern regarding state-supported enterprises in China?

• They only affect domestic markets

• They are too small to impact global trade

• They are not subsidized by the state

• They lead to unfair competition in global markets