2019 – NEW YORK
6 - 7 November, New York
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World Trade Symposium New YorkOpen trade in an uncertain worldNovember 6th-7th 2019 ∙ New York
Global trade is in a state of upheaval, driven by protectionism, ever-increasing regulations and outdated trading systems.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.
CONFERENCE CHAIRSOUMAYA KEYNES, trade and globalisation editor The Economist
MODERATORSVIJAY VAITHEESWARAN, US business editor, The EconomistCHRISTOPHER CLAGUE, Managing editor, Asia and global editorial lead, trade andglobalisation, The Economist Intelligence Unit
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WEDNESDAY 6TH NOVEMBER
12.00 pm Registration and networking lunch
12.45 pm Welcome from Finastra
SIMON PARIS, chief executive, Finastra
12.55 pm Chair’s opening remarks
SOUMAYA KEYNES, trade and globalisation editor, The Economist
1.05 pm Interview: Reshaping trade patterns
Trade and manufacturing policy of the US in the light of trade war.
INTERVIEWER:SOUMAYA KEYNES, trade and globalisation editor, The Economist
SPEAKER: PETER NAVARRO, director, Office of Trade and Manufacturing Policy, United States of America
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1.25pm 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?
MODERATOR:SOUMAYA KEYNES, trade and globalisation editor, The Economist
SPEAKERS: JENNIFER HILLMAN, professor, Georgetown UniversityALAN WOLFF, deputy director-general, World Trade OrganizationMARTIN MUHLEISEN, director of the strategy, policy, and review department (SPR), IMFSTEPHEN P VAUGHN, partner, international trade team, King & Spalding
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TECTONIC SHIFTS
2.10 pm Panel: 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?
MODERATOR:CHRISTOPHER CLAGUE, Managing editor, Asia and global editorial lead, trade and globalisation, The Economist Intelligence Unit
SPEAKERS: CHAD BOWN, senior fellow, Peterson Institute for International EconomicsCESAR REMIS, head, international negotiations unit, Undersecretariat of Foreign Trade at Secretariat of Economy, MexicoSUSAN ARIEL AARONSON, research professor and director, Digital Trade and Data Governance Hub, GWU
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2.45 pm 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?
INTERVIEWER:SOUMAYA KEYNES, trade and globalisation editor, The Economist
SPEAKER: HUIYAO WANG, president, Center for China and Globalization
3.05 pm Networking break
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3.30 pm In conversation: 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?
MODERATOR:CHRISTOPHER CLAGUE, Managing editor, Asia and global editorial lead, trade and globalisation, The Economist Intelligence Unit
SPEAKERS: PHIL LEVY, chief economist, FlexportMICHAEL J. WHITE, chief executive, Maersk GTDKATI SUOMINEN, chief executive, Nextrade GroupMICHAEL FARLEKAS, president & chief executive, E2open
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4.10 pm 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?
MODERATOR:CHRISTOPHER CLAGUE, Managing editor, Asia and global editorial lead, trade and globalisation, The Economist Intelligence Unit
SPEAKERS: ULRIK VESTERGAARD KNUDSEN, deputy secretary general, OECDMARK SHAYLER, founder, ApeTRISA THOMPSON, advisory board member, Pledgeling, Inc
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5.05 pm 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.
MODERATOR:SOUMAYA KEYNES, trade and globalisation editor, The Economist
SPEAKERS: ANABEL GONZALEZ, former trade minister, Costa RicaPAMELA COKE HAMILTON, director of trade and agriculture, UNCTADDR AMY ZALMAN, chief executive & president, World Future Society 5.10 pm Closing remarks
5.15 pm Close of day one and cocktail reception
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THURSDAY 7TH NOVEMBER
8.00 am Refreshments and morning networking
9.00 am Opening remarks
TRADE DIGITISATION AND DECENTRALISATION
9.35 am 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?
MODERATOR:VIJAY VAITHEESWARAN, US business editor, The Economist
SPEAKERS: ANGIE RUAN, senior vice president of technology, NASDAQ IAIN MACLENNAN, vice president for technology development, FinastraMIKE BHASKARAN, chief technology officer, DP World ZIYANG DAVID FAN, head of digital trade, World Economic Forum
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9.55 am 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
10.35 am Networking break
DIGITAL STANDARDS ENABLING OPEN TRADE
11.05 am 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?
INTERVIEWER:CHRISTOPHER CLAGUE, Managing editor, Asia and global editorial lead, trade and globalisation, The Economist Intelligence Unit
INTERVIEWEE:CAROLINE FREUND, global director of trade, investment and competitiveness, World Bank
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11.25pm 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
MODERATOR:VIJAY VAITHEESWARAN, US business editor, The Economist
SPEAKERS: SHAUL KFIR, chief technology officer, DigitalAssetNANCY GILLIS, chief executive, Green Electronics CouncilGERALD SUN, vice president, Mastercard
12.00 pm Networking lunch
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INCLUSIVE AND SUSTAINABLE TRADE
1.15 pm In conversation: Case studies on trade for good—spotlight on success
Our speakers will discuss the progress the region has had with trade integration between different countries.
SPEAKERS: RANDALL CHAFETZ, managing executive officer, global corporate and investment banking, MUFG Bank, Ltd. MARYAN HASSAN, chief negotiator for WTO accession, Office of the President Federal Republic of Somalia 2.30pm 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?
MODERATOR:CHRISTOPHER CLAGUE, Managing editor, Asia and global editorial lead, trade and globalisation, The Economist Intelligence Unit
SPEAKERS: FABIO SANTUCCI, president, MSC USA
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2.05 pm 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.
2.50 pm Networking break
THE ROAD FORWARD
3.20 pm 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.
MODERATOR:VIJAY VAITHEESWARAN, US business editor, The Economist
SPEAKERS: KEVIN KLOWDEN, executive director, Milken Institute’s Center for Regional Economics and California CenterGREG AUTRY, assistant clinical professor, Marshall School of Business, University of Southern California
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4.05 pm 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?
MODERATOR:SOUMAYA KEYNES, trade and globalisation editor, The Economist
SPEAKERS: ELLIOTT CARLTON HARRIS, assistant secretary-general for economic development and chief economist, United NationsJOHN DENTON, secretary general, International Chamber of CommerceMEKALA KRISHNAN, senior fellow, McKinsey Global Institute
4.45 pm Economist wrap up
4.55 pm Closing remarks from Finastra
SIMON PARIS, chief executive, Finastra
5.00 pm Close of conference
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T R A D E P A R T N E R S
BEXAWWW.BEXA.CO.UK
INTERNATIONAL TRADE COUNCILWWW.TRADECOUNCILPORTAL.ORG
USCIBWWW.USCIB.ORG
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M E D I A P A R T N E R S
TRADE FINANCE GLOBAL (TFG)WWW.TRADEFINANCEGLOBAL.COM
GLOBAL TRADEWWW.GLOBALTRADEMAG.COM
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