Quarterly Newsletter - March 2022

We are pleased to share our latest newsletter, which includes our most recent articles, CEO Insights and news on our latest projects implemented. We are delighted to announce that to date we have been awarded over 130 projects in 120 different countries. We also have a COVID-19 sub site on our website to inform investors and businesses on the trade-related issues that they are confronted with in today’s uncertain environment. We share updated dashboards and analytics, and lessons learned from other countries and provide business insights to better estimate the risks and impacts arising from supply chain disruptions and changes in demand across global markets. Please get in touch with us for more information and details on our work.

Russian Invasion creates Collateral damage in Africa  

As the Russian invasion of Ukraine exceeds the one-month mark, repercussions of the war are being felt not only within Ukraine but across the world; and the African continent is no exception. After having been hit hard by the COVID-19 pandemic, Africa risks another tough spell as a result of the ongoing crisis. Read more

Economic Recovery 

The beginning of 2022 witnessed rising energy prices, continued supply disruptions and sluggish rates of economic recovery. Added to this, Central Bankers are increasingly concerned by rising global inflation. Inflation has risen largely in the wake of higher global commodity prices, global supply chain bottlenecks, rising food and energy prices, currency depreciations at the start of the pandemic and adverse climate shocks. Read more

The World of Trade 2022: Lessons Learnt from 2021

Inflation, supply chains and debt will be great concerns in 2022. Despite challenges in supply chain disruptions, growth is expected to range between 4.3 per cent and 5.4 per cent, pushed on one side by a cooling down of consumer spending on durable goods, combined with a shift towards more sustainable patterns, and on another side buoyed by less acute input shortages, and reduced shipping congestions. All of this will fuel inflation tendencies and force many businesses to rethink global production networks.  Read more

 

Post-Brexit: UK's slowdown will affect the Mauritian economy

The UK is facing a mix of challenges linked to Brexit and the coronavirus pandemic, having implications for all trading partners. There has been a notable decline in bilateral trade with Mauritius. International Economics Consulting Ltd’s CEO, Paul Baker, was interviewed for Business Magazine on the UK’s economic slowdown and the effects on Mauritius. Read more

Geopolitical Rivalries play out in Africa's Digital Transformation

Africa’s potential for digital trade has been overlooked for years. Instead, its 1.2 billion people are perceived as a source of commodities and an export market for finished goods. This is now rapidly changing with geopolitics becoming more prominent in industry development.This paper, authored by Michael Mudd, provides an insight into how Africa’s potential for digital trade has been overlooked and how geopolitical rivalries play out in Africa’s digital transformation. Read more

 

Post-Brexit Trade Shifts with the EU and Post Brexit Trade Agreements

Since exiting the EU, the UK rolled over existing FTAs with 66 markets, lost preferences in 11 markets, gained preferential access to 2 new markets and lowered preferential access to 27 markets. International Economic Consulting Ltd's Trade Insights Infographics published by International Chamber of Commerce (ICC). Read more

Trade Performance

Trade Performance Dashboard provides in-depth analysis of trade performance and cross-border processes allowing users to discover trading patterns and opportunities through data on more than 200 countries, re-modelled and assembled in a powerful tool. Read more

Investment Performance

Investment Performance Dashboard allow users to analyse business indicators, investment performance, and conditions, coupled with development and performance data. The dashboards show country-wise data, with critical indices, such as FDI restrictiveness by sector, economic growth, total investment as a percentage of GDP, market capitalisation, inflation.   Read More

Trade After Brexit

Trade Insight Dashboards (TID) on the UK's trading arrangements after Brexit allows users to analyse the number of agreements, trade flows, and tariff preferences under each agreement. TID offers interactive summary analytics on the trade captured by trade agreements, with a deep-dive analysis on sector and product-level market access.  Read more

Current Projects

Global Projects

  • Capacity Building in FTAs and Digital Economy Agreements 
  • Technical Assistance to the ACP Group on WTO Negotiations Read more

Projects in Asia and Pacific

  • Strengthening Regional Value Chains in Indonesia Read more
  • Capacity Building in Trade in Services and Non-Tariff Measures
  • Training in GVCs Analysis in Indonesia Read more
  • Improving Trade Remedies Policy Framework in Indonesia Read more
  • Labour and Environment Provisions of Trade Agreements for Vietnam Read more
  • Impact Assessment of International Export Diversification Programme CEDEP Read more
  • Cyber Security Manual - Southeast Asia Read more
  • WTO Accession support to Uzbekistan Read more
  • FTA Impact Assessment Studies for Cambodia Read more
  • FTA foresight Study 2030 and Trade Analysis Handbook for Cambodia Read more
  • Technical Cooperation and Economic Integration with Cambodia and ASEAN Read more 

Projects in Africa

  • Market Development and Export to EU Markets in Ghana
  • Impact Evaluation Methodology in Madagascar Read more
  • Strategy for Pharmaceutical and Biotechnology sectors in Mauritius Read more
  • Capacity Building of API 
  • E-commerce Initiative - Boosting African Digital Trade in Africa Read more
  • Study on how the private sector in Ethiopia can benefit from the AfCFTA Read more
  • Study on informal sector in Mauritius to facilitate post-COVID recovery Read more
  • Assessment of Namibia's E-commerce readiness Read more
  • Investigation of Developing a 3D Printing Industry in Mauritius Read more
  • Africa Rise ESA Facility Read more
  • Support to implement the Economic Partnership Agreement in Ghana  Read more
  • Improving the Business and Investment Climate in Mauritius Read more
  • AfCFTA Trade Implementation Strategies for Small Islands States Read more
  • COVID-19 Recovery Platform for Mauritius Read more
  • Technical Assistance to AfCFTA Member States in future E-commerce Policies Read more
  • Study on the expected effect of Angola's Accession to SADC-EU Economic Partnership Agreement Read more

Projects in Americas

  • Support to EU Market Access Team and Trade Policy Analysis in Colombia Read more
  • Support to the CARIFORUM - EU Economic Partnership Agreement (EPA) 

Latest News

 

We continue to update our COVID-19 platform, dashboards, research and business impact sections:

 

COVID-19 Cases Dashboards: gathers up-to-date information on the number of active cases, recovered cases and deaths of COVID-19 by country worldwide. The dashboard shows the progression over the previous seven days. Read more 

 

Africa COVID-19 Market Exposure Dashboard: gathers latest market exposures to the COVID-19 pandemic of Africa’s top export markets. The dashboard assesses how vulnerable export destinations might be to an economic shock from the pandemic. Read more

 

Asia COVID-19 Market Exposure Dashboard: gathers latest market exposure to the COVID-19 pandemic of Asia's top export markets.  The dashboard assesses how vulnerable export destinations might be to an economic shock from the pandemic.  Read more

 

Timeline of Announcements of Government Measures: Analyses the outcome of measures taken by Governments across the globe to mitigate the COVID-19 pandemic. Compares timing of measures between countries and along the epidemic path. Read more

 

 

Workshops - Webinars

 

IEC UK responded to the call from the UK Parliament’s International Trade Committee's inquiry on the UK trade approach towards developing countries. The published evidence can be found here. Read more

 

Virtual Workshop - Economic Impact of Angola's Accession to the SADC-EU Economic Partnership Agreement (EPA). Paul Baker and David Vanzetti spoke on the economic impacts of accession to the EPA, and policy implications, followed by questions and answers session.  

 

CNBC Africa Interview - The start of 2022 saw rising energy prices, continued supply disruptions and slower rates of economic recovery, making the perfect setting for inflation to rise.  Paul Baker discussed the trend of rising inflation and what is driving this. The key discussion points were on the impact to African countries and what this means for economic recovery in Africa considering the unequal access to economic and other tools supporting recovery. Watch here

 

Online Seminar -  Mohammad Razzaque was one of the panellists  at the seminar on how Trade and Poverty has absorbed huge amounts of research over the last two decades but it has failed to provide a definitive general answer to the question “Does increased Trade reduce Poverty?” 

 

Trade Analysis Handbook - International Economics Consulting Ltd in conjunction with ARISE + Cambodia is developing a Handbook which will be used by the Government of the Kingdom of Cambodia to form the basis for evidence-based trade policy planning. A three-day online training was held in March for government analysts and other interested economic/trade researchers. 

 

Online Workshop - Making Technology work for MSMEs - Paul Baker was a panelist at the workshop which focussed on how the application of technology can help small businesses and have a positive impact on trade, jobs, investments and access to markets. 

 

GVC Analysis Training - Neetish Hurry and Paul Baker with Akshay Bolee, Emmanuel Ubachi and David Jolicoeur provided training for Government of Indonesia officials, using MRIO tables and trade flow analysis.Participants were acquainted with the methodology, data collection, data modelling, and analysis through visual tools such as Microsoft Power BI and R.

 

Other news

 

We welcomed our new Junior Data Scientist David Jolicoeur to the team.

 

 

 

Lunch with some of the team!

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