HOME > Events > Conferences
Restructuring of International Trade and Investment System:What Role for China?
Introduction
Global trade and investment system is experiencing a new round of restructuring. Globally, WTO reached a partial but hard-won agreement in Bali at the end of 2013, while more uncertainties remain about its future direction. Should it pragmatically go a plurilateral way, and, if so, how to proceed? While WTO is showing its fatique, the so-called mega-regionalization has being unfolding, exemplified by cross-Pacific TPP and the cross-Atlantic TTIP driven by the traditional trade powers, the US and EU. Meanwhile the Regional Comprehensive Economic Partnership (RCEP) is the Asian-Pacific version driven by ASEAN. These regional initiatives are aimed at not only promoting regional economic integration, but also leading the updating of international trade and investment rules. China has become the largest trading power in 2013 and the 3rd outward FDI provider in 2012. However, it is still more a follower rather than a leader in the global trade and investment rule making process. This is set to change. How can China play a constructive role in this rule making process on the global, regional and bilateral level? China‘s position in the new round of restructuring of global trade and investment system will have significant impacts on both the world and China itself. This annual workshop co-hosted by Shanghai Institutes for International Studies (SIIS) and the Friedrich-Ebert-Stiftung (FES) will focus on China’s evolving position and role in the evolving international trade and investment system. Broadly, it will organize the discussions from WTO to mega-regionalization process, and then to China’s unilateral initiative, Shanghai Free Trade Pilot Zone, in consequence. Considering the rapidly rising of China as a FDI provider, China’s trade diplomacy is shifting from trade to investment. This workshop will arrange two specific sessions on investment issues during the discussions, including the case studies on the ongoing BIT negotiations between China and the EU and US respectively.
Agenda

Wednesday, 7. May 2014 – Arrival Day

All day Arrival of participants

Thursday, 8. May 2014 – Day One

8:15 Departure to conference venue

9:00 – 9:30 Opening Session

 Moderator: Chen Dongxiao, SIIS

 Opening Remarks: Gao Zhenting,

The Department of International Economic Affairs, MFA, China

 Opening Remarks: Catrina Schläger, FES

9:30 – 10:45 Session 1: Assessment of the 2013 WTO Bali Agreement and its relevance to China

 Moderator: Chen Dongxiao, SIIS

Issues to be discussed:

- How significant is the newly reached WTO Bali agreement for the developing countries and the world?

- Who are the major drivers of the agreement?

- How to assess the role that China has played?

Hans-Peter Werner, Counsellor, Development Division, World Trade Organization, Geneva

Zhao Zhongxiu, Vice President, University of International Business and Economics

Wang Haifeng, Academy of Macroeconomic Research, National Development and Reform Commission, Beijing

10:45 – 11:00 Coffee Break and Group Photo

11:00 – 12:30 Session 2: Strategic direction of the WTO and China’s role

 Moderator: foreign (tbc)

Issues to be discussed:

- What direction should the WTO go based on the Global Value Chain (GVC) theory and practice?

- Should China respond positively to the emerging plurilateral initiatives (e.g. TISA) under the WTO?

- How can China play a more constructive role in reviving the WTO?

 Heribert Dieter, German Institute for International and Security Affairs, Berlin

Cheng Shuaihua, International Center for Trade and Sustainable Development, Geneva

Suparna Karmakar, Marie Curie Fellow Bruegel, Brussels

 General Discussion

 14:00 – 15:30 Session 3: New trends of mega-regionalization and China’s position

 Moderator: Zhou Qiangwu, Deputy Director General, Asia-Pacific Finance and Development Center, Ministry of Finance, China

Issues to be discussed:

- In Asia-pacific, how to value the relations of RCEP and TPP?

- How can China play a more constructive role in promoting harmonization of mega-regions and WTO? What should be China’s priorities in terms of its FTA strategy?

- What is unique in China’s approach toward FTA and regional integration? Whether and how should China expand the scope of its FTA initiatives, e.g., integrating the social dimensions into them?

 Sheng Bin, Director, China APEC Academy, Nankai University, China

Yoshifumi Fukunaga, Economic Research Institute for ASEAN and East Asia, Jakarta

Jin Kyo Suh, Korea Institute for International Economic Policy, Seoul

15:30 – 16:00 Coffee Break 

16:00 – 17:30 Session 4: China’s rise as a global FDI exporter and its investment policy implications

 Moderator: foreign? (tbc)

Issues to be discussed:

- How should China update its investment strategy and policies, such as in market access, dispute settlement and overseas investment insurance mechanisms?

- Will China’s rise as a FDI exporter make a new multilateral investment treaty more feasible?

- Which international frameworks and guiding principles regarding the behavior of multinational enterprises and foreign investors are becoming increasingly relevant for Chinese companies abroad? What is the role and responsibility of China in promoting their compliance with these international standards?

Ye Yu, SIIS, China

Lars Anke, Chief Representative, Hamburg Liaison Office, Shanghai (tbc)

Kirstine Drew, Senior Policy Adviser, Trade Union Advisory Committee to the OECD, Paris

General Discussion

Venue: Xing Yuan Fang Restaurant, 1st Floor, Building B, Ramada Plaza Caohejing, 509 Caobao Road

Friday, 9.May 2014 – Day 2

8:15 Departure to conference venue

9:00 – 10:45 Session 5: Case studies - China-EU BIT negotiations and China-US BIT negotiations

 Moderator: Ju Lixin, Shanghai Party Institute

Issues to be discussed:

- What kinds of impacts of TPP/TTIP are expected on China and China-EU and China-US BIT negations?

- What are expected to be the major issues for China-EU BIT negotiations and policy recommendations?

- What are expected to be the major issues for China-US BIT negotiations and policy recommendations?

 Radek Wegrzyn, First Secretary at the Trade Section, Delegation of the European Union to China, Beijing

Ye Bin, Sub-chief, Department of EU Legal Studies, Institute of European Studies, Chinese Academy of Social Science

Song Guoyou, Deputy Director, Center for American Studies, Fudan University

Derek Scissors, Resident Scholar, American Enterprise Institute for Public Policy Research, Washington DC

11:00 – 12:15 Session 6: Shanghai Free Trade Pilot Zone (FTZ) and the roadmap of China’s opening strategy

 Moderator: Catrina Schläger, FES Shanghai

Issues to be discussed:

- How to assess the progress of Shanghai Free Trade Pilot Zone (FTZ) initiative?

- What should be the roadmap for China to further opening-up in terms of key areas, sectors and issues?

- How can China coordinate its FTZ policy and international negotiations?

 Xu Mingqi, Secretary-general of Shanghai Coordination Center for FTZ Studies

Margot Schüller, German Institute of Global and Area Studies, Hamburg

Melanie Hart, Center for American Progress, Washington DC

General Discussion

12:15 – 12:30 Closing Session

 Moderator: Catrina Schläger, FES Shanghai

Closing remarks by Catrina Schläger, FES Shanghai

Closing remarks by Zhang Haibing, SIIS

14:00  End of conference