World Trade Symposium 2019
Open Trade In An Uncertain World
Open Trade In An Uncertain World
- Geopolitics, Multilateralism and Trade
- Digital Transformation of Global Trade
Can policy, technology and innovation boost trade and prosperity?
Global trade is in a state of upheaval, driven by protectionism, ever-increasing regulations and outdated trading systems. Technology is disrupting trade like never before, making processes more efficient and inclusive, breaking down barriers and opening new markets. These present new challenges—and new opportunities.
The World Trade Symposium will convene business leaders, technology innovators, policymakers, thought leaders and economists to analyse these issues and suggest solutions and outcomes. What is needed to drive open trade for the benefit of all involved?
Sessions will take a deep dive into the new technologies and platforms that are opening up trade and identify the opportunities presented by changing trends, as well as exploring how shifting consumer priorities are affecting the sustainability agenda. Attendees won’t just be debating key issues and swapping their stories, but will explore new ideas and solutions.
Soumaya Keynes, trade and globalisation editor, The Economist
Vijay Vaitheeswaran, US business editor, The Economist
Christopher Clague, managing editor, Asia and global editorial lead, trade and globalisation, The Economist Intelligence Unit
Wednesday 6th November
Registration and networking lunch
Welcome from Finastra
Chair’s opening remarks
Opening plenary: Trade on a knife edge
Is “slowbalisation” inevitable? This session will identify the most important opportunities and risks for global trade. How much scope is there for geopolitical tensions to chill trade? And how is industry harnessing technology to drive innovation and collaboration in finance and investment? How will the key trade trends for 2020 and beyond affect lives around the world?
The Trump effect—assessing the impact of the US president’s policies on global trade
To what extent have President Donald Trump’s trade policies affected trade flows? How permanent will their effects be? How are companies and governments adapting to find fresh opportunities in the new landscape?
Interview: China and the world—a changing relationship?
After years of expectations that China’s markets are opening up, relations between the world’s second-biggest economy and the West have taken a new turn, with some countries adopting a tougher stance. Where will Sino-foreign relationships go from here? Are the recent tensions a blip, or do they herald a new, more combative era? How can companies and service-providers navigate this new landscape to deliver for clients, regardless of geopolitical changes? How will China’s latest iteration of its Belt and Road Initiative impact global trade?
Bridging the new networks of trade
Open platforms and digital islands: how and where is technology closing the gap between physical and financial supply chains? How are new technologies along the trade value chain—such as digital trade finance, open APIs, the internet of things, artificial intelligence and distributed ledgers—improving efficiencies and driving change? What problems is technology struggling to solve, where are the barriers to adoption, and what is being done to address them?
Who cares about the consumer?
Changing societal attitudes, growing concerns about climate change, and the rise of socially conscious investing have focused a spotlight on sustainability in trade. What examples are there of genuine progress in trade practices? How can the trade ecosystem drive greater inclusivity and equality, make trade fairer, and even save our planet? Where are the biggest gaps that need to be closed, and are we acting fast enough?
The World If…
This interactive session offers our audience the opportunity to challenge our panellists about global trade. Each member of our panel of provocateurs will give a brief overview of a global trade scenario for 2030, and the audience will be asked to vote on the likelihood of these scenarios and offer their own perspectives.
Thursday 7th November
Refreshments and morning networking
Trade digitisation and decentralisation
Panel discussion: The future of digital platforms for open trade
New technologies are transforming the end-to-end trade lifecycle, from production to finance and logistics. What digital technologies are having the greatest impact, and how will they continue to be adopted? When will we see a universal trade network? How are banking platforms harnessing new trade technologies, and how ready are corporates, logistics-providers and governments to capitalise on the opportunity?
Roundtable discussions: Digital trade standards
Attendees will join roundtables for structured discussions on:
- New models for trade risk distribution: technologies changing risk distribution in trade
- Solving the interoperability issue in new trade distributed-ledger technology networks
- Digitisation in action: providers highlight different digitisation solutions
Digital standards enabling open trade
In conversation: Trade in the era of policy uncertainty and new technologies
Is there still a development path through trade and global values in light of trade policy uncertainty and new technologies? Although trade bounced back after the global financial crisis of 2008, the high growth rates of the 1990s and 2000s have remained elusive. There are many reasons for this shift, but one is that trade reform has languished and in some cases is even being reversed. There is also a potential threat from new technologies, like automation and 3D printing, that could replace trade with domestic production. Going forward, what policies are most important for countries to pursue trade and growth? How can countries cooperate more closely in traditional areas, like tariffs and subsidies? Does cooperation need to move into new areas like e-commerce and data protection?
Strategy sessions on showcasing solutions: Implementing standards for the benefit of trade
The attendees will exchange their perspectives on the biggest hurdles facing companies when implementing effective data policies. How does the global regulatory landscape impact businesses operating across regions? Topics for discussion will include:
- Digital standards – new standards for trade finance
- Universal interoperability – how to prevent new digital islands as new networks emerge
- Implementing the Sustainable Development Goals into corporate trade policy
Inclusive and sustainable trade
In conversation: Case studies on trade for good—spotlight on success
In conversation: Tackling illicit trade—strategies for success
How is technology tackling the challenge of establishing trade provenance in complex supply chains, and how will this reassure consumers about the sustainability of the products? How can public- and private-sector stakeholders collaborate to stamp out illegal trade practices and combat the risk of malicious actors using new technologies for ill? What are some case studies of success in fighting illicit trade?
Roundtables: Open, sustainable and inclusive trade initiatives in action
Global trade faces a number of challenges – in this session attendees will debate the details, share their expertise and have their say on the key topics of the day. The audience will divide into roundtables and develop collaborative ideas and proposals. Work with peers on your current table, or move onto a table which is debating your preferred topic.
The road forward
The Economist debates: This house believes the death of free trade will be good for Americans
Two debaters battle to win over the audience. The rise of protectionism and economic nationalism in recent years has thrown a spanner in the works of the globalist, free-market project. Is the dream of frictionless global trade dead? The audience will be polled before and after the debate to see how opinions change.
In the round: Global business in an unstable world
This dynamic closing session will showcase a range of decision-makers and influential voices as they debate how to navigate an increasingly unpredictable geopolitical environment. What are the key solutions that attendees can take back to their businesses? Is chaos the new normal?
Economist wrap up
Closing remarks from Finastra
Close of conference
At the heart of one of the most thriving cities in the world, the Grand Hyatt is the only hotel to be connected to historical Grand Terminal. Just outside of its doors, the famed 42nd avenue is brimming with theatrical shows, culturally enriched dining and cosmopolitan shopping. Nearby, there are world renowned skyscrapers like the Chrysler and Metlife buildings and the New York Public Library with its neighbouring park, Bryant Park.
Booking a room
109 East 42nd Street at Grand Central Terminal
New York, New York, United States, 10017
From JFK: 44 minutes by car (15.8 miles)
1 hour and 7 minutes by subway (from the E to Lexington-53rd St to the 7 to Grand Central 42nd St)
From Newark: 49 minutes by car (17.1 miles)
1 hour and 3 minutes by Newark Airport Express to Grand Central Station
From LaGuardia: 28 minutes by car (8.1 miles)
53 minutes by subway (from the E to Lexington-53rd St to the 6 to Grand Central 42nd St)
Trains & Buses
Nearest: Grand Central Station
Nearest subway stops: 4, 5, 6, 7, S
Nearby bus stops: M1, M2, M3, M4, M101, M102, M103, M42 with various others
The World Trade Symposium is an opportunity to be part of a unique, 2 – day global forum.
For further information, please contact:
Global Director – Business Development
Tel: +1 (212) 541 0523
E2open brings together customer, distribution channel, supplier, contract manufacturer and global logistics partner data on a unified, collaborative supply chain platform for optimal planning and execution. Proud sponsor of the drinks reception.
International Trade Council
Established in 1956, the International Trade Council is a peak-body chamber of commerce representing 73 government trade agencies, 418 chambers of commerce and specialist industry organizations and approximately 28,800 corporate members spanning 176 countries. The Council works to provide all levels of business – from new entrepreneurs in emerging markets through to establishing corporations – with access to international trade opportunities via free education programs and mentoring, summits, new market introduction services, international trade missions, market research and advice on how to navigate technical barriers to trade.
British Exporters Association (BExA) is an independent national trade association representing the interests of the export community. The Association is a valued contributor to, and is engaged with, many Government departments and committees to drive UK export policy forward. In addition, BExA provides practical advice to members on all export related matters, and great opportunities for networking with like minded companies to drive exports towards the UK’s export targets.
The United States Council for International Business is an independent business advocacy group that was founded in 1945 to promote free trade and help represent U.S. business in the then-new United Nations.
Trade Finance Global (TFG) is the leading trade finance platform. TFG assists companies to access trade and receivables finance facilities through its relationships with 270+ banks, funds and alternative finance houses. TFG’s award winning educational resources serve an audience of 160k+ monthly readers (6.2m+ impressions) in print & digital formats across 187 countries, covering insights, guides, research, magazines, podcasts, tradecasts (webinars) and video.
Global Trade’s unique brand of vibrant, logistics journalism addresses the needs of America’s CEOs and executive management who are responsible for charting their company’s growth. Global Trade delivers a breadth of logistics industry content to further strategic decisions of globally minded businesses.
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