Trade pessimism grows: global survey

April 16, 2008

A global survey of trade experts has found a marked increase in pessimism on the outcome of current world trade negotiations.

Attitudes toward both trade negotiations and the domestic environment for trade policies in G8 countries shows increasing gloom, according to Andrew Stoler, Executive Director of the University of Adelaide's Institute for International Trade.

The survey was coordinated by the Institute for International Trade and the University of Barcelona and is published in the Institute's Barometer of International Trade Relations (INTRAREL).

Mr Stoler said he was surprised at the degree to which some attitudes had changed in the relatively short period since the first survey was conducted in mid-2007.

"Only 11% of respondents now expect to see meaningful results from the World Trade Organization's (WTO) negotiations on trade in services - down dramatically from an already low 22% in our first survey," said Mr Stoler. "Overall, the results of the poll leave no doubt as to the negative prevailing mood of the vast majority of respondents."

The survey showed pessimism over WTO negotiations was matched by a gloomy view of the prospects for positive trade policy developments in Europe and North America.

"45% of respondents now doubt European commitment to ongoing reforms of the trade policy environment, compared to 32% that held this view in mid-2007," Mr Stoler said. "In the case of the United States, more than 70% of respondents are convinced that the ascendancy of the Democratic Party will usher in a new protectionist period."

The Barometer compiles and organises the answers of 220 respondents from all regions of the globe. Respondents are trade negotiators based in capitals or in Geneva, policy-makers, business people, and representatives of business associations, academics and consultants, journalists and representatives of international intergovernmental organisations.

Source: University of Adelaide

Explore further: Like the real game, fantasy sports now worth billions

Related Stories

Climate change debate fueled by 'echo chambers,' study finds

May 26, 2015

A new study from researchers at the University of Maryland (UMD) and the National Socio-Environmental Synthesis Center (SESYNC) demonstrates that the highly contentious debate on climate change is fueled in part by how information ...

Climate change attitudes are reflected on social networks

May 11, 2015

People who believe in climate change have more Facebook friends than those who do not consider climate change a problem. Juha Itkonen's dissertation in economics shows that values and social networks are linked to opinions ...

Recommended for you

French teen finds 560,000 year-old tooth (Update)

July 28, 2015

A 16-year-old French volunteer archaeologist has found an adult tooth dating back around 560,000 years in southwestern France, in what researchers hailed as a "major discovery" Tuesday.

The couple who Facebooks together, stays together

July 27, 2015

Becoming "Facebook official" is a milestone in modern romance, and new research suggests that activities on the popular social networking site are connected to whether those relationships last.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.