Barley seeds are held up for a photograph at a farm in Balliang, Victoria, Australia, on May 18. China placed anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Photo: Bloomberg Barley seeds are held up for a photograph at a farm in Balliang, Victoria, Australia, on May 18. China placed anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Photo: Bloomberg
Barley seeds are held up for a photograph at a farm in Balliang, Victoria, Australia, on May 18. China placed anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Photo: Bloomberg
Heng Wang
Opinion

Opinion

Heng Wang

China-led RCEP provides starting point for reducing tensions and building new global trade rules

  • World commerce badly needs a confidence boost amid increasing protectionism and deteriorating relations between trade partners
  • Bilateral approaches are insufficient with high trade tensions while multilateral institutions like the WTO struggle to adapt to new challenges

Heng Wang
Heng Wang

Updated: 4:16am, 28 May, 2020

Why you can trust SCMP
Barley seeds are held up for a photograph at a farm in Balliang, Victoria, Australia, on May 18. China placed anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Photo: Bloomberg Barley seeds are held up for a photograph at a farm in Balliang, Victoria, Australia, on May 18. China placed anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Photo: Bloomberg
Barley seeds are held up for a photograph at a farm in Balliang, Victoria, Australia, on May 18. China placed anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Photo: Bloomberg
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Heng Wang

Heng Wang

Heng Wang is professor and co-director of the Herbert Smith Freehills China International Business and Economic Law (CIBEL) Centre at the University of New South Wales, Sydney, Australia.