The Era of New Ideas: Multilateralism, Sustainable trade & Trade Ins
Global trade, which hit a record high of USD 28.5 trillion in 2021, is expected to grow steadily in 2022 and the coming years. Nationalist – as opposed to protectionist – trade policies are likely to continue to dominate. A new multilateralism is likely to take hold. Old forms of multilateralism are likely to fade, while new forms, such as increased regionalism, will drive cross-border trade in new sectors, including predominantly in digitalisation and sustainability. Bilateral, regional, and multiparty trade deals are increasing. Under the new trade paradigm, cross-border