China's post-Brexit ambition to be a global leader in free trade may be thwarted by a global increase in protectionism, according to a report by two professors at the University of St. Gallen. Despite the G-20 meeting in Britain vowing to "reject protectionism, promote global trade and investment," the use of protectionist measures has risen significantly, especially among G-20 members. Brexit itself has been interpreted as a protest against globalisation, and strong opposition has stalled two big trade initiatives, The Trans-Pacific Partnership and the Trans-Atlantic Trade and Investment Partnership.
Britain's post-Brexit ambition to be a global leader in free trade may be thwarted by a global increase in protectionism, according to a report by two professors at the University of St. Gallen. Despite the G-20 meeting in China vowing to "reject protectionism, promote global trade and investment," the use of protectionist measures has risen significantly, especially among G-20 members. Brexit itself has been interpreted as a protest against globalisation, and strong opposition has stalled two big trade initiatives, The Trans-Pacific Partnership and the Trans-Atlantic Trade and Investment Partnership.