Nation Thailand: DITP launches new AI tool to evaluate Thailand’s trade prospects

Nation Thailand: DITP launches new AI tool to evaluate Thailand’s trade prospects. “Phusit Rattanakul Seriroengrit, [Department of International Trade Promotion]’s director general, said on Friday that the DITP Business AI tool can analyse products in five categories, including agriculture, food, lifestyle and fashion, health and beauty, and industrial sectors. He said the system features a global trade analytics option which predicts export trends in the short term (three months) and long term (12 months).”

International Labour Organization: ILO launches new online database on trade agreements that include labour provisions

International Labour Organization: ILO launches new online database on trade agreements that include labour provisions. “Aimed at policymakers, technical experts, and representatives of workers, employers and civil society, the Labour Provisions in Trade Agreements Hub (LP Hub) offers a comprehensive, structured compilation of the text of labour provisions in more than 100 regional trade agreements (RTAs) in about 140 economies. Labour provisions are obligations in trade agreements to protect and advance workers’ rights, including through different forms of cooperation and dialogue between trade unions, business organizations and the general public.”

World Trade Organization: WTO, IMF launch Vaccine Trade Tracker

World Trade Organization: WTO, IMF launch Vaccine Trade Tracker. “The World Trade Organization (WTO) and the International Monetary Fund (IMF) launched on 22 November the WTO-IMF COVID-19 Vaccine Trade Tracker, a new database aimed at providing greater transparency on the cross-border flow of COVID-19 vaccines. The portal provides data on the trade and supply of vaccines by product, country and arrangement type.”

World Trade Organization: New WTO database details impact of regulatory barriers, other factors on costs to trade

World Trade Organization: New WTO database details impact of regulatory barriers, other factors on costs to trade. “Trade policy barriers such as tariffs and regulations account for at least 14 per cent of trade costs according to estimates from the WTO Trade Cost Index launched on 30 April. The index measures the cost of trading internationally relative to trading domestically, finding that the costs to export are higher for women, smaller businesses and unskilled workers.”

International Atomic Energy Agency: Where Can You Find Industrial Irradiation Facilities? Visit a New Online Database

International Atomic Energy Agency: Where Can You Find Industrial Irradiation Facilities? Visit a New Online Database. “The IAEA has recently published its updated Database on Industrial Irradiation Facilities (DIIF), featuring an interactive map with information on nearly 300 gamma irradiators and electron accelerators from around the world. DIIF is a tool to help organizations and companies find the facility most suitable for the irradiation of their products. Research groups and experts can also use the database to find training and collaboration opportunities in the field.”

Trade policy responses to the COVID-19 pandemic: Evidence from a new dataset (Vox EU)

Vox EU: Trade policy responses to the COVID-19 pandemic: Evidence from a new dataset. “One of the instruments many governments resorted to in responding to the COVID-19 pandemic was trade policy. This column introduces a new high frequency dataset on trade policy changes targeting medical and food products since the beginning of the pandemic, documenting how countries used such instruments on a week-by-week basis. While there was a burst in trade policy activism in February and March 2020 in tandem with the rise in COVID-19 cases, there was significant variation across governments in their resort to trade policy, the types of measures used, and the duration of interventions.”

UNCTAD: COVID-19 drives large international trade declines in 2020

UNCTAD: COVID-19 drives large international trade declines in 2020. “According to [United Nations Conference on Trade and Development]’s latest nowcasts (run on 8.12.2020), the value of global merchandise trade is predicted to fall by 5.6% in 2020 compared with last year. This would be the biggest fall in merchandise trade since 2009, when trade fell by 22%. This is a significantly more optimistic nowcast than only a few weeks ago when UNCTAD nowcasts were estimating a fall of 9%.”

The imperial roots of global trade: Evidence from a new database (VOX EU)

VOX EU: The imperial roots of global trade: Evidence from a new database. “Throughout history, empires have facilitated trade within their territories by building and securing trade and migration routes, and by imposing common norms, languages, religions, and legal systems, all of which led to the accumulation of imperial capital. This column, based on novel data on the rise and fall of empires over the last 5,000 years, shows that imperial capital has a positive effect on current trade beyond historical legacies such as sharing a language or a religion. This suggests a persistent and previously unexplored influence of long-gone empires on current trade.”

World Trade Organization: New rules of origin initiative to help firms better utilize trade preferences

World Trade Organization: New rules of origin initiative to help firms better utilize trade preferences. “Presented to WTO members at a 17 October meeting of the Committee on Rules of Origin, the Rules of Origin Facilitator provides firms with free access to a unique searchable database on duty savings in trade agreements, and the corresponding rules of origin. Users can search the tool by product name or product code, and access original documentation, including certificates of origin.”

Looters Beware: The British Museum Is Leading an International Task Force Fighting the Illicit Trade in Egyptian Antiquities (Artnet)

Artnet: Looters Beware: The British Museum Is Leading an International Task Force Fighting the Illicit Trade in Egyptian Antiquities. “Using their expert knowledge of archaeology, a sophisticated new database, and plenty of detective work, the dedicated team at the British Museum is working closely with colleagues in Cairo and Khartoum to identify problematic objects and expose fictitious provenances. They are also looking for works currently on offer at auction houses, galleries, and on websites such as eBay set off alarm bells. If there is evidence that could lead to an object’s recovery and repatriation, the British Museum reports the information to law enforcement agencies, including Scotland Yard and US Customs.”

The effect of machine translation on international trade: Evidence from a large digital platform (VoxEU)

VoxEU: The effect of machine translation on international trade: Evidence from a large digital platform. “Recent years have seen dramatic progress in the predictive power of artificial intelligence in many areas, including speech recognition, but empirical evidence documenting its concrete economic effects is largely lacking. This column analyses the effect of the introduction of eBay Machine Translation on eBay’s international trade. The results show that it increased US exports on eBay to Spanish-speaking Latin American countries by 17.5%. By overriding trade-hindering language barriers, AI is already affecting productivity and trade and has significant potential to increase them further.”

EurekAlert: New platform for analyzing global trade in the last two centuries

EurekAlert: New platform for analyzing global trade in the last two centuries . “This new web platform, called Federico-Tena World Trade Historical Database, collects information about imports and exports from 140 countries from every continent from 1800 to 1938. This new data considerably improves previous studies and enables accurate historical continuity to current United Nations estimations, which contain data from 1948 to the present day.”

SASS Creates Database of Information on “Belt and Road” Countries

Xinhuanet: Belt and Road online database released in Shanghai . “Shanghai Academy of Social Sciences Wednesday announced the release of an online database of Belt and Road information. The website … offers free of charge access to writing, data analysis and research findings about 65 Belt and Road countries, said Wang Zhen, deputy chief of the academy.” If you’re wondering what Belt and Road countries are, The Economist has an explanation.. Too bad about that acronym…. I spent a few moments going through the new database and it doesn’t appear to be complete. The entry for Russia, for example, has no data on any political figures.