WTO Reform and Free Trade Agreements
Topic of Parallel Session C
WTO Reform and Free Trade Agreements
Options and Prospects
Since the financial crisis in 2008, trade, cross-border investment, bank loans and supply chains have all been shrinking or stagnating relative to world GDP. A cover article of The Economist pointed out that “Slowbalisation” is becoming a new model of world economic development, and bilateral and regional linkages between economies will be closer. At the core of the multilateral trading system, the WTO needs necessary reforms. Large-scale free trade agreements such as CPTPP, USMCA and RCEP have also emerged. In this session, panelists will focus on where the multilateral and regional cooperation mechanisms are heading, what impact will be brought to businesses and consumers, and what role WTO reforms and FTA will play in this process.
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Veronika NIKISHINA
Minister for Trade, Eurasian Economic Commission
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James BACCHUS
Founding Judge and former Chair, WTO Appellate Body
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ZHANG Yuejiao
Former Chair and Judge, WTO Appellate Body
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Bertrand AUSTRUY
General Secretary and Executive President, Danone
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Andreas Serenus HOFFMANN
Member of the founding family Hoffmann La Roche and Vice Chairman of the Board of Directors, Roche Holding Ltd
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WANG Sidong
Executive Director and General Manager, China Taiping Insurance Holdings Company Limited
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Yuanqing YANG
Chairman & Chief Executive Officer, Lenovo
YANG Rui
Anchor, China Global Television Network
Yang Rui graduated from Shanghai International Studies University in 1986 with Bachelors degrees in English & American Literature and International Journalism. He received his MA in Mass Communications from Cardiff University of Wales in 1994. He is currently the host of Dialogue with Yang Rui, a daily current-affairs talk show on China Global Television Network. He was host of the Journey of Civilizations weekly program on CCTV-4, a 45-minute Chinese talk show from 2010.
Yang Rui is one of the most influential hosts of CCTV. He was the winner of the top ten hosts of China Central Television, and the national Golden Microphone Best Anchor Award in 2004, 60 Best Anchors in 60 Years in 2009, and Best Anchor of China Central Television in 2011. He is a member of the CCTV Experts Panel on Host and Anchor Affairs, and Honorary Professor of International Journalism at Tsinghua University. He has been anchor of the opening ceremony of the Boao Forum for Asia for four years. He is the author of Who Misunderstand China, Swordsman vs Anchor and Highlights of Dialogue.
In 28 years, Yang Rui has interviewed heads of state, Nobel Prize laureates, world public figures, and covered and hosted numerous major domestic and world events. He is known for being knowledgeable, discerning, provocative and balanced. He has been honored as one of the best anchors in Asia by Tsinghua University; Germany’s Der Spiegel said he represents hope in Chinese media; and South Africa’s television ratings agency New Global Fortune selected Yang Rui as one of the most fair and balanced anchors around the world.
Veronika NIKISHINA
Minister for Trade, Eurasian Economic Commission
Ms. Nikishina oversees a number of core areas for the Eurasian Economic Union such as tariff and non-tariff regulation, trade negotiations and trade remedies.
Prior to her appointment to the Eurasian Economic Commission she served as Assistant to First Deputy Prime-Minister of the Russian Federation and before held a range of senior positions in the Ministry of Economic Development of the Russian Federation, including the position of Head of the Department of Coordination, Development and Management of Foreign Economic Activity.
Ms. Nikishina has a deep experience in various foreign trade and economic issues related to identification and elimination of trade barriers, application of trade remedies, SPS and TBT measures, as well as in conducting negotiations with foreign partners.
Ph.D in Economics. Ms. Nikishina is awarded with the Order of Honors.
James BACCHUS
Founding Judge and former Chair, WTO Appellate Body
James Bacchus is the Distinguished University Professor of Global Affairs and Director of the Center for Global Economic and Environmental Opportunity at the University of Central Florida. He was a founding judge and was twice the Chairman –the chief judge –of the highest court of world trade, the Appellate Body of the World Trade Organization in Geneva, Switzerland. He has been described by The American Lawyer magazine as “the John Marshall of the World Trade Organization.”Bacchus is a former Member of the Congress of the United States, from Florida, and a former international trade negotiator for the United States. He served on the High-Level Advisory Panel to the Conference of Parties of the United Nations Framework Convention on Climate Change, providing advice and counsel during the negotiation of the Paris climate agreement. He is a member of the advisory board to the United States chapter of the United Nations Sustainable Development Solutions Network. He chairs the global Commission on Trade and Investment Policy of the International Chamber of Commerce, and he has chaired the global sustainability council of the World Economic Forum. He is the Pao Yue-Kong Chair Professor at Zhejiang University in Hangzhou, China, and Honorary Professor at the University of International Business and Economics in Beijing, China. Bacchus is a Global Fellow of the Centre for International Governance Innovation in Canada, an Adjunct Scholar of the Cato Institute in Washington, D.C., and a member of the Global Fellows Faculty Committee of the Asia Global Institute in Hong Kong. He has been a faculty member and session chair of the Salzburg Global Seminar in Austria. For more than fourteen years, he chaired the global practice of the largest law firm in the United States and one of the largest in the world, Greenberg Traurig. He is the author of the books Trade and Freedom, published by Cameron May in London in 2004, and The Willing World: Shaping and Sharing a Sustainable Global Prosperity, published by Cambridge University Press in 2018 and named by the Financial Times as one of the “Best Books of the Year.”He writes for leading publications and speaks on prominent platforms worldwide and is a leading advocate and activist worldwide for the international rule of law and global sustainable development. As founder and director of the UCF Center for Global Economic and Environmental Opportunity –commonly known as GEEO –he works with a growing collaborative network of experts, activists, and other volunteers to foster links to sustainable development at every level and to explore new forms of governance at every level that further the creation of economic and environmental opportunity. GEEO aims to help scale and link innovative sustainability initiatives locally, regionally, and worldwide; help establish and strengthen the enabling frameworks of rules needed to support these initiatives and help them succeed; and help identify and advance international rules and international institutions needed for effective global economic and environmental governance.
ZHANG Yuejiao
Former Chair and Judge, WTO Appellate Body
WTO Appellate Body Former Chair and Judge; Professor of Tsinghua University; and Director of International Arbitration Programs(IADS); International trade expert appointed by the President of China’s Supreme Court; Arbitrator of ICSID, ICC, LCIA, CEITAC, BIAC and HKCIA
Prof. Zhang specializes in International Economic law including Foreign Investment Law; International Trade Law; Company Law; Contract Law; Intellectual Property; Project Financing; Banking Law; WTO law and Dispute Settlement
From November 2007 till 2016 October 26, Prof Zhang has been appointed as the first Chinese of the seven judges of the Appellate Body of WTO. Prof Zhang was elected as the Chair of the Appellate Body and handled 40 appeal cases among WTO member Governments and served as the Presiding member of Division for ten AB cases. Prof Zhang has been reappointed by all members of WTO for the maximum second term as the Appellate Body judge.
She has been a professor of law for many years, teaching at several world leading universities such as: the People’s University, Foreign Trade University of China, Columbia University, Nante University of France, Hong Kong University. Currently she is professor of law at Tsinghua University and Shantou University. She is the vice president of China’s International Economic Law Society and Director of IADS programs of Tsinghua University.
She has joined China’s Bar and received lawyer’s license in 1985. Prof. Zhang has been an arbitrator of ICC, LCIA, CIETEC and the Beijing Arbitration Center. She has handled many international commercial arbitration cases. She has been designated as Arbitrator of ICSID by the President of World Bank and member of an AD Hoc Committee. She has received the Award of Asian best lawyer and Awards of the outstanding woman of international organizations. In 2016, she was rewarded by Georgetown University the Honorary Doctorate degree for her thirty years contribution to law and justice. In 2018, Professor Zhang has been designated by the President of China’s Supreme Court as an expert of the international commercial expert commission. Professor Zhang has published many law articles and several books on international economic law. She is fluently in Chinese, English and French.
Bertrand AUSTRUY
General Secretary and Executive President, Danone
Bertrand Austruy began his career in 1997 as a business attorney in Paris. In 2001, he joined Danone's Fresh Dairy Products France unit as General Counsel, before being appointed General Counsel Asia-Pacific in 2003. In 2007, he returned to France as General Counsel International Business and Partnerships. In 2010, he was named General Counsel of the company. In January 2014, Bertrand Austruy was appointed General Counsel and Vice President Product Compliance and Food Safety. Since January 2015, he has been in Executive Committee of Danone and taken the role of General Secretary. Now he is the General Secretary and Executive President.
Andreas Serenus HOFFMANN
Member of the founding family Hoffmann La Roche and Vice Chairman of the Board of Directors, Roche Holding Ltd
André Hoffmann is the Vice Chairman of Roche Holding, Switzerland, a highly innovative pharmaceutical company established by his great grandfather in 1896. He also serves on the board of the fully owned subsidiary Genentech Inc. in California (USA). Mr. Hoffmann has also contributed to the development and success of a data driven, cloud based, analytics company providing meaningful insights into the US health system: Inovalon Inc., based in Maryland (USA).
Alongside his non-executive roles in the family business, Mr. Hoffmann has a distinguished cursus in nature conservation and sustainability. He served on the board of WWF International for 19 years (the last 10 years as Vice-President), Wetlands International, Global Footprint Network (where he is still honorary chairman) and FIBA a Mauritanian NGO which has now been merged with Fondation MAVA.
Mr Hoffmann is the President of Fondation MAVA, a leading European conservation foundation committed to conserve biodiversity (Total of around 1’000 project grants awarded to 350 implementing partners since 1994) and President of Fondation Tour du Valat in the Camargue, France, a world-renowned research institute primarily active in the conservation of Mediterranean wetlands.
Mr Hoffmann firmly believes in business as a force for good and has joined the board of SystemIQ in order to help positively disrupt critical economic systems. He is also a member of the Board of Trustees of the World Economic Forum, as well as of the Center for the Fourth Industrial Revolution in San Francisco.
Mr Hoffmann has been instrumental in establishing the Hoffmann Global Institute in Business and Society (HGIBS) at INSEAD, in Fontainebleau, France, his Alma mater, and chairs its Advisory Board.
Through his multiple initiatives Mr. Hoffmann is attempting to influence business thinking towards the long term by pushing companies to not only report on financial guidelines but also on their real contribution to society in environmental and social terms.
His philanthropic activity focusses on sustainable impact in many other organizations, mostly in the field of Education.
Mr. Hoffmann studied economics at St. Gallen University and holds an MBA from INSEAD.
WANG Sidong
Executive Director and General Manager, China Taiping Insurance Holdings Company Limited
Mr. WANG Sidong was born in 1961. In December 2017, he was appointed as Vice Chairman, General Manager and Deputy Secretary of the Party Committee of China Taiping Insurance Group Ltd. (China Taiping Insurance Group (HK) Company Limited). In January 2018, he was appointed as Executive Director, Vice Chairman and General Manager of China Taiping Insurance Holdings Company Limited.
Mr. Wang has long been engaged in the field of economics. From 1983 to 1999, He worked for Ministry of Foreign Economic Relations and Trade of China (now known as “Ministry of Commerce”), the Xinhua News Agency Hong Kong Branch, The Hong Kong Chinese Enterprises Association, etc. Since 2000, he has worked for China Life Insurance (Group) Company for over 17 years in the positions of General Manager of the Central Office, Vice General Manager of Office of shareholding System Reform, Vice General Manager of Zhejiang Branch, member of the Party and Vice President of China Life Insurance (Group) Company. During the aforesaid period, Mr. Wang also held concurring positions as Chairman of China Life Investment Holding Company Limited, and Directors of China Life Insurance Company Limited, China Life Pension Company Limited and China Life Ecommerce Company Limited.
Mr. Wang graduated from Shandong University with the bachelor degree in arts, and owns the qualification of senior economist.
Yuanqing YANG
Chairman & Chief Executive Officer, Lenovo
Mr. Yuanqing Yang joined Lenovo Group in 1989.
Mr. Yang has played a key role in Lenovo’s transformation into a global company. Under his leadership, in May 2005, Lenovo completed the acquisition of IBM PC business. In October 2014, Lenovo completed the acquisitions of IBM x86 server business and Motorola Mobility. Now, Lenovo is not only the number one PC company in the world but also one of the major players in global server market and smartphone market. In 2019, Lenovo ranked #212 on the Fortune Global 500 list.
In 2011, Finance Asia voted Mr. Yang the Best CEO in China. In 2004 and 2012, Mr. Yang was named “CCTV China Annual Economic Figure”. He was in Barron's Best CEOs list in 2013, 2014 and 2015. In 2014, Mr. Yang won Edison Achievement Award.
Mr. Yang was born in Anhui Province of China in November, 1964. He graduated from the University of Science and Technology of China (“USTC”) in 1989 with a Master’s degree in Computer Science. Mr. Yang serves as the deputy to the 13th National People’s Congress of China; a member of the International Advisory Council of Brookings Institute; and a board member of Baidu, Inc and TaiKang Insurance Group.