The New Global Trade Order: G7 to E7 Trade
Standard Chartered will introduce its G7 to E7 Trade Performance Index at Asia House on 4 May 2018.
The report examines the trading partnerships of the G7 with E7 (Emerging Seven) economies – Bangladesh, China, India, Indonesia, Nigeria, Pakistan and Vietnam.
G7 growth has not fully recovered from the 2008 global financial crisis. According to IMF figures, between 2010 and today, the G7’s contribution to global economic output has narrowed from 50 per cent to 46 per cent. While the global economy may be forecast to grow at a rate of 3.9 per cent in 2018, the former giants of the G7 are only expected to see an uplift of an average rate of less than 2 per cent. In this context, Western governments and multinationals must look further afield for the dynamic growth currently eluding them.
Receiving about 10 per cent of all G7 private sector exports, the E7 countries represent fast lanes to growth for G7 businesses seeking to drive exports. Every G7 nation has much to gain from accelerating their export performance in these seven emerging economies to achieve — and even exceed — their trade potential. The question is, will G7 countries capture their share of this opportunity, or will we see further rises in emerging markets trading with each other and growing together?
Michael Vrontamitis, Head of Trade for Europe and Americas at Standard Chartered, will share his insights into multi-billion dollar trading opportunities for G7 governments and businesses searching for export diversification and growth.
This briefing is invitation only. Please contact Jana Psarska in the Business & Policy Team at: firstname.lastname@example.org should you have any questions.