Asia Global Institute Says Narrative Is Negative on Trade

The video discusses the current state of global trade, highlighting concerns about the weakening of large trade agreements like NAFTA due to political shifts, particularly in the US and Europe. Despite a negative narrative, trade is expected to grow faster than it has in a decade. The trend is moving towards bilateral agreements and smaller groups, which can simplify negotiations but may disrupt global trade if they become too diverse. The WTO's role may become crucial again to maintain historical trade benefits.

What is a major concern regarding global trade agreements as discussed in the video?

• The rise of new trade agreements

• The lack of technological advancements

• The increase in trade tariffs

• The negative narrative surrounding trade

What trend is emerging in global trade according to the video?

• A move towards larger trade groups

• An increase in trade tariffs

• A focus on technological trade

• A shift towards bilateral agreements

What is a potential downside of smaller trade groups?

• They are too diverse in their approaches

• They are too large to manage

• They are too slow to form agreements

• They lack any diversity

What organization is expected to play a crucial role in the future of global trade?

• EU

• NAFTA

• WTO

• TPP

Why might the WTO need to reassert its role in global trade?

• To focus on technological advancements

• To eliminate all trade agreements

• To ensure cohesive trade approaches

• To increase trade tariffs