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Tensions Rise in Global Trade

Columbia Energy Exchange

CHAPTER

The State of the Global Trading System: Challenges and Changes

This chapter explores the evolution of the global trading system and the need for revisiting assumptions about trade rules. It emphasizes the importance of creating agile rules, defensive measures, and increased market access to address predatory partners. The speakers also discuss the trade-offs between a rules-based trading system and the urgency to address climate change, including the use of subsidies and protectionist provisions for clean energy deployment.

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