Time and Compromise in UNCITRAL’s Working Group III
During the week of 22 September 2025, States once again met in Vienna under Working Group III (WGIII)...
This Perspective suggests that, to assess the competitiveness of a country’s firms, one needs not only to look at exports, but also the sales of their foreign affiliates (“establishment trade”). It exemplifies this for the China-US trade relationship. Taking such a holistic approach leads to a different picture, with a clear policy implication.
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