The United Nations has criticized the trend of “friend-shoring” and “reshoring” manufacturing operations, warning that it might endanger a global trading system that is already vulnerable. Roughly 80 percent of the world’s traded goods are transported via the sea. In the past two years, the maritime industry has suffered from disruptions ranging from the COVID-19…
UN Warns of ‘Reshoring’ and ‘Friend-Shoring’ Risks in Fragile Global Trading System
November 29, 2022
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Britain’s Leadership Change Has Profound Implications for the New AUKUS Alliance
Commentary The UK’s decision to change its prime minister on Oct. 24 pushed it toward another crossroads: whether to pursue Britain’s revival of global trade, prestige, and influence or retire once again to the role of middling power. The recent path toward a revival of “global Britain,” matched by the dawn of a new monarchical…
Get Tough on China or Risk Losing Control of Global Trade, UK Tells G7
LONDON—Britain will on Wednesday push G7 allies to get tough on China over “pernicious practices” that undermine the international trading system, calling for an overhaul of outdated and ineffective World Trade Organization rules. Trade minister Liz Truss will host her G7 counterparts and the new head of the WTO, using Britain’s platform as current president…
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