“Friend” Shoring WTO Director General Ngozi Okonjo-Iweala warned countries against the fallacy of friend shoring. She posed the questions: who is a friend? and will they be a friend tomorrow? These questions are appropriate to ask when it comes to India. Although a democracy, India has refused to condemn Russia’s invasion of Ukraine. Highly mercantilist, India is the country to opt out of the very modest trade section of the Biden Administration’s Indo-Pacific Economic Framework. The country continues to maintain substantial import barriers even as its trade surplus with the U.S. grows larger each year. Yet companies like Apple and others are rushing to move their production facilities from China to India, which may...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.