Global Economy: New Challenges and Shifting Horizons
Panel Session
Pavilion 5, Conference Hall 5.2

In recent years, global trade has experienced sluggish growth of around 3% to 4% annually, markedly slower than previous long-term trends. Is global trade entering a period of secular low growth? Is regional trade integration a viable alternative to international multilateral regulation, or is it the only way to promote and deepen cooperation on a global basis? How might other initiatives, such as targeted investment in trade capacity and the expansion of free trade zones, trigger growth in trade?

Simon Evenett , Professor of International Trade and Economic Development, Department of Economics, University of St. Gallen; Co-Director of the Programme in International Trade and Regional Economics, Center for Economic Policy Research (CEPR)

Christian Friis Bach , Executive Secretary of the Economic Commission for Europe (ECE), the United Nations (UN)
Sultan Ahmed bin Sulayem , Group Chairman, Chief Executive Officer, DP World
Francis Liang , Chairman, Taiwan External Trade Development Council (TAITRA)
Lord Mandelson , Chairman, Global Counsel LLP
Alexey Mordashov , Chairman of the Board of Directors, Severstal
Mark Otty , Managing Partner for Europe, Middle East, India and Africa (EMEIA), EY
Vladimir Salamatov , Director General, World Trade Center Moscow
Andy Xie , Independent Economist
Andrey Slepnev , Deputy Chief of Government Staff; Director, Project Management Department, Government of the Russian Federation


Key moments

A big driver for growth this century ... is infrastructure growth and investments in infrastructure.
Lord Mandelson
We need trade to increase productivity.
Andy Xie
What makes trade grow is innovation.
Sultan Ahmed bin Sulayem
The most important trade effects are the political effects.
Christian Friis Bach
Above all, I would steer the efforts of the global community towards revitalising the WTO agenda.
Alexey Mordashov
Trade is not only an important and beneficial factor, but an instrument for accelerating growth [in the economy].
Alexey Mordashov
We must make regionalism not a stumbling block towards global integration, but a building block towards further integration.
Christian Friis Bach
Small business, small business financing, small business investment: these represent fundamental pillars of global economic activity.
Lord Mandelson
We are undergoing a structural change in the trade map.
Andrey Slepnev