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max-mp.bsky.social
Max Mendez-Parra
@max-mp.bsky.social
30 followers 30 following 59 posts
Trade and investment analysis aficionado, generally applied to Africa, UK and Argentina. Keen cyclist. Frustrated rock star, footballer and many other things. Views are only mine.
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max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Jul 4
Digital trade is boosting trade in services and reshaping economic blocs. Globalisation is increasingly dominated by trade in services.
An evolving global trade landscape: from goods to services
In the latest "This Week in Macroeconomics", Principal Research Fellow, Max Mendez-Parra, uncovers a transformation in globalisation itself: a shift away from goods trade and towards a surging, digita...
odi.org
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Jul 4
ODI: Think change:The impact of Chinese preferences on Africa odi.org/en/insights/...
The impact of Chinese preferences on Africa
China has announced an expansion of its preferential access for African nations, extending its current duty-free policy to encompass all African countries (with the exception of Eswatini). This blog a...
odi.org
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Jun 19
Available data for this year, same source used by #WIR, suggest that greenfield investment to the US is almost as high as the total received in 2024.
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Jun 19
From the #WIR The #US, for the first time since 1990, in 2024 was a net investment receiver (on greenfield investment). @unctad.bsky.social Chips and Science Act? IRA?
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Max Mendez-Parra @max-mp.bsky.social · May 20
The average value of low-value consignment in the EU is Euros 10.50 (Copehagen Economics, 2023); so this fee is equivalent to a duty of around 20% (average); well above the average tariff not applied under de minimis provisions.

www.ft.com/content/102e...
EU to impose €2 tax on low-cost items in blow to Temu and Shein
Brussels plans handling fee on billions of small packages imported mainly from China
www.ft.com
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · May 20
It is based on the impact assessments made opportunetily by DIT & DBT. For UK-Australia is £2.1bn, CPTPP is £2bn and UK-India is £4.8bn. The one for the EU is £9bn.
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Max Mendez-Parra @max-mp.bsky.social · May 19
By own accounts of HMG, the addition of the impacts in the #UK GDP by 2040 of the UK-Australia, accession to the CPTPP and UK-India will still be lower than the impact of the new agreement with the #EU.
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max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · May 8
I doubt Trump will extend a concession on a MFN basis without further negotiation.
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Apr 4
Retaliate is a terrible option. Better to increase integration and trade across the world without the US that will be detached fromthe rest of the world for a while.
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Apr 4
#Asian economies such as #srilanka #Bangladesh #Cambodia must work in increase further the regional integration particularly with #India and other partners.
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Max Mendez-Parra @max-mp.bsky.social · Apr 4
#Kenya, #Ethiopia and other African countries could benefit if they accelerate the implementation of the #AfCFTA and finalise the rules of origin on textiles and garments, facilitating backward linkages across the continent.
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Max Mendez-Parra @max-mp.bsky.social · Apr 4
The impact is not even across the world. So, some #African countries that currently export to the US might benefit as the differential tariffs with respect to the #Asian countries will increase.
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Max Mendez-Parra @max-mp.bsky.social · Apr 4
The US has large deficits with these countries because it has specialised on other products. Therefore, there is a mutually beneficial exchange to make. Unfortunately, neither Trump nor his advisors understand it. Higher prices and likely trade diversion for the US consumers.
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Max Mendez-Parra @max-mp.bsky.social · Apr 4
Unsurprinsingly for everyone that has read Ricardo, the impact of the #Trump tariffs falls primarily on those countries with abundant manual labour (Asian countries) that has specialised in the production of garments, footwear and other light manufactures.
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max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Apr 4
ODI: Think change:US implements sweeping reciprocal tariffs, igniting global economic challenges @odi.global @odi-trade.bsky.social odi.org/en/insights/...
US implements sweeping reciprocal tariffs, igniting global economic challenges
Beyond the immediate concerns about the economic effects of these tariffs, the reciprocal measures are indicative of a broader trend towards a more isolationist US policy and a gradual detachment from...
odi.org
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Max Mendez-Parra @max-mp.bsky.social · Apr 3
Is this Trump's Liz Truss moment?

Live Updates: Tariffs Send Wall Street Tumbling Toward Worst Day Since 2022 www.nytimes.com/live/2025/04...
Trump Tariffs Live Updates: Tariffs Send Wall Street Tumbling Toward Worst Day Since 2022
Stocks fell sharply in the U.S., Asia and Europe. Allies and adversaries alike criticized President Trump’s action and weighed their responses.
www.nytimes.com
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Mar 20
Yes, that’s right. I just pointed that it is an instance of EU support to strategic technology. In reality, I only support my beloved Racing Club in Argentina; but as an adopted Brightonian, I had to defend the honour of the BHA
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Mar 20
You have another example with the EU development of Galileo to compete with the GPS.
As I Brightonian, I can say that at this very precise moment, there are other substantially less glamourous teams.
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Max Mendez-Parra @max-mp.bsky.social · Mar 14
Services trade data is somewhat imprecise if available.
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Max Mendez-Parra @max-mp.bsky.social · Mar 14
It is part of the package. Less exports, more available at home to drink and forget. Cunning plan.
UK food and drink exports to the EU down 34% since Brexit
Food and Drink Federation say businesses are struggling to deal with added ‘complexity and bureaucracy’
www.theguardian.com
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Mar 14
The US could tight rules of origin in the USMCA, and US-Vietnam FTA and its GSP. It could, on these grounds, let AGOA expire at the end of this year. These appear as easier and more likely options with probably similar impact on China.
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Mar 14
And it will create in most local industries including textiles, garments, light manufactures, etc. A very complex political picture in each country.
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Max Mendez-Parra @max-mp.bsky.social · Mar 14
Assuming countries want to continue playing by the rules, rising their MFN tariffs to restrict imports from China may put them at risk of being hit by the US reciprocal tariffs (although, we need to see what they mean)
Why China Is Worried About Trump’s Tariffs on Mexico
China’s exports to developing markets have soared, opening indirect routes to the U.S. market that officials in Beijing worry may be closed under pressure from President Trump.
www.nytimes.com
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Max Mendez-Parra @max-mp.bsky.social · Mar 13
I heard that thanks to climate change, the South of England has now a better climate than Chapagne, France to produce sparkling wines.
max-mp.bsky.social
Max Mendez-Parra @max-mp.bsky.social · Mar 13
Most likely is that Trump aims to just bring back industries. The other objectives are through into the argument just to reinforce it, they could happen in isolation but not altogether.