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Trade in transition
Yellen favors carbon tax; Sullivan says domestic policy is best China tool

President-elect Joe Biden’s reported pick to lead the Treasury Department, Janet Yellen, has advocated for a World Trade Organization-compliant carbon tax, while his choice for national security adviser, Jake Sullivan, says the Biden administration’s approach to China will begin with domestic policy and building international alliances.

Reform-oriented Ottawa Group to propose pandemic initiative at WTO

The European Union, Canada, Japan and 10 other countries on Monday pledged to launch an initiative on medical supplies aimed at identifying steps World Trade Organization members can take to facilitate trade and better position countries amid the public health crisis.

G20 leaders: Backing multilateral trading system ‘important as ever’

Support for the multilateral trading system is “now as important as ever,” leaders from the world’s largest economies said this weekend at the conclusion of a virtual G20 summit.

WTO members deadlocked on TRIPS waiver, might come too late for COVID-19

World Trade Organization members remain divided on a proposal to enact a temporary waiver that would allow countries to sidestep intellectual property obligations to respond to the pandemic, leading some analysts to believe the waiver, if ever adopted, won’t come in time to help combat the public health crisis.

UK preparing to finish bilateral trade deal under Biden administration

With President-elect Joe Biden set to take over the Oval Office in January, the United Kingdom is preparing to make its case to the new administration for quickly finishing the in-progress bilateral trade deal, according to a British official familiar with the matter – but the effort is up against a narrow timeframe and unknown Biden trade priorities.

APEC economic leaders commit to improving trade narrative, 2040 vision

Economic leaders from the 21-member Asia-Pacific Economic Cooperation forum on Friday committed to meliorating the narrative on trade and investment and outlined a 20-year vision for the multilateral trading system.

This Week In Trade

President-elect Joe Biden this week is expected to announce his picks to lead key agencies, including Treasury and State, with former Obama administration Deputy Secretary of State Anthony Blinken reportedly getting the nod for Foggy Bottom.

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