THE TTALK QUOTES


On Global Trade & Investment
Published Three Times a Week (with occasional bonus quotes) by
The Global Business Dialogue, Inc.
Washington, DC  Tel: 202-559-9316
No.36 of 2020
TUESDAY, MAY 19, 2020

Click HERE for last Thursday's WTO quote from Roberto Azevêdo .
CALL FOR AN INQUIRY ...ANSWERED

"To strengthen our defences against future epidemics, we need a thorough, independent scientific inquiry into the origins of the crisis."

Josep Borrell
May 15, 2020
CONTEXT
Josep Borrell is the High Representative of the European Union, in essence the EU’s foreign minister. His call for “a thorough, independent scientific inquiry” in the novel coronavirus crisis – today’s featured quote – came in the form of an op-ed article by Mr. Borrell that was published last Friday by Le Monde in France and El Mundo in Spain. Earlier today in Geneva, that call was answered when the World Health Organization, wrapping up this year’s World Health Assembly, unanimously adopted a resolution calling for such an inquiry. 

Press reports describe the resolution as being led by Australia and the EU, though by the time it came up for a vote, it had a number of cosponsors, including China.

COMMENT
There is a lot more to say about these developments: about the past, the present (i.e. just what happened in Geneva over these last couple of days) and the future course of the called-for inquiry. We expect to say more about all three in later entries. Today, we shall start with a few first impressions. 

The Present and The Past.  The press reports we have seen about these developments are mixed. Some seem to support the view that President Xi Jinping and China are the good guys in this drama and President Trump and America the skulking villains. This year’s World Health Assembly was, after all, a virtual event, and so, presumably, any head of state could have shown up. And President Xi did. He not only gave a speech. He promised some $2 billion to help countries, especially developing countries, cope with the COVID-19 crisis. President Trump , on the other hand, did not participate. Instead he sent a letter, one in which he threatened to make America’s suspension of payments to the UN organization permanent. 

That said, it is not at all clear that China’s formal embrace of the WHO resolution represents a change of heart. It is hard to square the smiling faces in Geneva with China’s dismissal of Australia’s proposal for an inquiry, which China’s ambassador in Canberra called a “joke.” It is even harder to read Chinese acquiescence in the new tariffs – over 80 percent—that China has announced it will impose on Australian barley. That announcement followed China’s decision earlier this month to ban meat imports from four Australian abattoirs. And there could be more to come:

Australian wine, seafood, oats, fruit and dairy exports are reportedly on a list of commodities drawn up by Chinese officials that could face stricter quality checks, delayed Customs clearances, anti-dumping probes or state media-encouraged consumer boycotts. [The Australian]

The Future . As to what is coming next, we have nothing to report and are not inclined to engage in a great deal of speculation. We find it hard to believe, however, that China, the EU, Australia, the United States and others will all be of one mind when it comes deciding on the composition of the team that will carry out the agreed upon inquiry and the scope of their activities, to say nothing of their final report. 

SOURCES & LINKS
Borrell Calls for an Inquiry is a link to the Post Online Media story reporting on Mr. Borrell’s op-ed from last Friday.  Le Monde takes you to the full, French language version as published in that newspaper.

Josep Borrell is the Wikipedia entry for this EU official.

Targeting Australian Exports is a link to an article in the May 20 edition of The Australian that highlights the price Australian exporters are paying for the COVID-19 inquiry that China clearly did not want.

Trump to the WHO i s a link to the text of the letter President Trump sent to the Director-General of the World Health Organization, Dr. Tedros, on May 18.

President Xi’s Speech takes you to the English language text of this address by China’s leader at the 73rd World Health Assembly as published by Global Times. 


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