The Republican candidate, Donald Trump, has secured the electoral votes needed to become

the 47th President of the United States (US). Trump will officially take office on 20 January

2025.

The implications of the US presidential election for global trade are now at the forefront of

discussions around the world. The US plays a pivotal role in shaping international trade

dynamics and the outcome of this election is set to have a significant impact on trade policies,

global partnerships, the overall economic landscape and WTO reform.

FMG is most glad to organize a session to discuss the potential impact of the 2024 Election

on global trade and WTO reform.

In October 2024, the report “Working together for better climate action” was published, which outlined pathways for coordinated approaches on climate action, carbon pricing and the cross-border effects of climate change mitigation policies, with a view to achieving global climate goals.

FMG is pleased to host this session based on this report to further the international discussions on the key role that trade can play in the transition to a global low-carbon economy and a greener, more sustainable society.

Given the continuous challenges confronted by the multilateral trading system, including geopolitical tensions, and renewed dynamism among members on WTO reform across the board of its functions, FMG is committed to further its efforts to promote mutual understanding through meaningful dialogue among members, especially the major ones.

For that purpose, FMG has launched the brainstorming initiative titled “Trade Policy Preview” (TP-P) to host a candid and forward-looking dialogue on trade policy trends of key players of the WTO and their implications on the WTO reform discussions. Previous TP-P sessions organized by FMG, shortly before the normal Trade Policy Review (TPR) of some WTO Members, could be found:

https://fmg-geneva.org/activities-trade-policy-preview-t-pp/

FMG is most glad to organize a TP-P session on Nigeria in November 2024.

Debates over exchange rates and financial policies often spill over into the trade policy

sphere.

At this session of FMG, we invited Mark Sobel, US Chairman at OMFIF; Petros C. Mavroidis, Professor of Law at Columbia Law School, and Hector Torres, former Executive Director at the IMF. Brad McDonald, former Deputy of Trade Policy at the external sector Division of IMF moderated this session.

The panel and participants discussed on the current exchange rate juncture and the factors behind it, and how governments have tried to deal with the trade implications of exchange rate movements, "under valuation," and "manipulation."

For more information about Friends of Multilateralism Group, please visit our website,https://fmg-geneva.org/ and our YouTube Channel@friendsofmultilateralismgr4571.