Please join ITIF for a discussion assessing China’s first 20 years in the WTO and exploring what policy measures like-minded nations can pursue in response to this pattern of deceit and dysfunction between China and the global trading system.
Allies and partners like the United States, the EU, the United Kingdom, and Canada should avoid destabilizing trade frictions that threaten to derail much-needed climate progress and instead work toward a collaborative climate innovation club.
To meet growing global demand for energy services while averting the worst consequences of climate change, the world must accelerate clean energy innovation. Western Europe contributes most to this global process. The United States has faltered. And China has a long way to go.
If the United States is to effectively advance its interests, which now hinge on spurring faster and deeper digital innovation and transformation, then U.S. policymakers need to recognize how the geopolitical economy has fractured in the digital age and embrace a new framework better suited to the times: national developmentalism.
If the globalists want Americans to trust them again, they would be better off stopping the insults and fixing the very real trade and globalization problems facing America today.
Countries that value a rules-based global digital economy need to come together to enact new global data-management rules.
While there are more advancements to be made, Kenya’s long-term innovation policies for improved digital access prove that digitalization is a force for sustainable economic growth among developing nations.
ITIF hosted a panel discussion on a new report on global data localization and what policymakers need to develop new rules, norms, frameworks, and agreements to support data flows.
Data-localization policies are spreading rapidly around the world. This measurably reduces trade, slows productivity, and increases prices for affected industries. Like-minded nations must work together to stem the tide and build an open, rules-based, and innovative digital economy.
The United States needs to shift from an approach to power trade that is based on advancing U.S. foreign policy interests to an approach that focuses on advancing U.S. competitive advantage against China, especially in critical advanced technology sectors.
ITIF hosted an expert panel discussion discussing EU-US digital trade relations and what both governments should do to foster closer relations without sacrificing U.S. digital innovation.
Those who really want to solve the problem should abandon ill-advised proposals like patent waivers and focus instead on cooperative solutions to overcoming supply-chain constraints. The sooner that happens, the sooner we can all breathe freely again.
The Biden administration needs to renew America’s role as a power trader, but with a new focus of maintaining its relative lead, economically and technologically, over China. It will require changes in the strategy and organization of U.S. trade policy.
The United States and other developed, democratic societies have a moral obligation to ensure the world’s citizens receive COVID-19 vaccines and therapeutics. But there is absolutely no need to abrogate IP rights to fulfill that objective.
Intellectual property has proved to be indispensable in developing effective vaccines and therapeutics. Nevertheless, advocates have seized the moment to petition the WTO’s TRIPS Council not just to suspend patents, but also to reform national copyright laws governing digital access to knowledge, and data and text mining.
Amidst an unprecedented pace of innovation, some 90 developing nations, led by India and South Africa, have petitioned the WTO’s TRIPS Council calling for a waiver to suspend all IP rights associated with COVID-19 innovations—again asserting the false narrative that IP rights inhibit access to medicines.
The growing role of AI in trade and the long-term implications of divergent regulatory frameworks will likely affect economic productivity and innovation.
ITIF hosted a transatlantic discussion of EV battery policy and how cooperation and competition might best be balanced for this “industry of the future” that’s already here.
The 2020 GTIPA Virtual Summit brought together Alliance members with world-leading experts to explore creative solutions to difficult economic, trade, and innovation challenges facing the international community.
There is both excitement and trepidation about the so-called “Fourth Industrial Revolution” and its ability to power growth around the world—and one critical question is how its impacts may differ in developed and developing economies.
The core argument that users create value is wrong. The distribution of taxable profits between countries normally reflects where value is created. The export of a product or service, whether digital or analog, usually does not create additional value and profits from imports into a country are normally not subject to corporate income tax.
Writing for the World Economic Forum (WEF), Nigel Cory and WEF Digital Trade Fellow Mike Gallaher, summarize a recent report they authored for WEF that enumerates key steps policymakers should take to support cross-border payments and digital trade growth.
Just because DSTs may be attractive to individual countries doesn’t make them good policy. In fact, they are bad policy. A central goal of good tax policy should be to treat similar transactions the same way. DSTs violate this principle in a number of ways.
A World Economic Forum report—produced with extensive research contributions from ITIF—analyzes key barriers and challenges to cross-border payments and recommends how to overcome them to support global trade.
Recognizing the central catalytic role that intellectual property rights play in fostering knowledge-driven innovation, select members of the Global Trade and Innovation Policy Alliance (GTIPA), a global network of 36 independent think tanks supporting global trade liberalization and integration, released a statement affirming the crucial importance that IP has in our global economy.