In this episode of Trade Knowledge Matters, Amar discusses with Kimberley Botwright, Head of Sustainable Trade, World Economic Forum, and Sunayana Sasmal, Research Fellow in International Trade Law, UK Trade Policy Observatory at the University of Sussex. They delve into the significance of critical minerals in modern trade policy, exploring its role in economic development, environmental sustainability, and international cooperation. They cover:
The challenges faced by resource-rich countries in accessing markets and moving up the value chain
The importance of investment in processing
The potential role of the WTO in facilitating trade rules
And more
Key Takeaways
Critical minerals are essential for modern industrial applications.
The definition of critical minerals varies by country and context.
Access to critical minerals is crucial for both economic and military applications.
Developing countries face challenges in managing resource wealth.
Investment in processing capacity is vital for resource-rich countries.
Export restrictions can hinder market access and investment.
The WTO plays a significant role in trade negotiations and dispute resolution
Chapters
00:00 - Introduction to Critical Minerals and Trade Policy
02:58 - The Importance of Critical Minerals in Modern Economy
05:00 - Balancing Access and Value Chain Development
11:06 - Investment Challenges and Development Finance
16:24 - The Role of WTO in Trade Rules and Critical Minerals
21:49 - Bilateral Agreements and International Cooperation
31:29 - Circularity and ESG Standards in Trade Policy
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