BRI and the new World Order II: Globalization vs Trade Conflict, High-Tech vs. No-Tech

Experts in the Greater Caspian Region share their ideas about recent changes in WTO, insecure dispute
resolution process, BRI and expectations from it, and the possibilities of big and small companies to
participate in global trade.
The moderator: Dr. Ying Zhang. Speakers: Dr. Rer. Pol. Christian Etter, Dr. Xiang Bing, Dr. Urs Lustenberger, Tuck Seng Low, Igor Almazov.
Dr. Ying Zhang, Associate Dean of Rotterdam School of Management Erasmus University, Chairwoman of New Silk Road Institute, Rotterdam, South Holland puts the idea that something goes wrong between the relationships of our mental and behavior perspective when we aim at one thing, but behave another way. Technologies that bring us together actually destroy globalization.

Dr. Rer. Pol. Christian Etter, Former Delegate for Trade Agreements of the Swiss Federal Government and Ambassador at SECO, Independent Consultant International Trade, Switzerland believes that the current world order is the result of political, economic, technological influences. US- China agreement is quite encouraging for it will be productive for the whole world. The worrying aspect is the development of WTO where US refused to join the consensus to nominate new members of Supreme Court in WTO dispute resolution and now they cannot take decisions anymore. It means that trade legislation will be less secured, and rules will become more fragmented with either bilateral or unitilateral resolutions of disputes by the parties.

Dr. Xiang Bing, Professor and Founding Dean, CKGSB states that there are unbalanced development models where domestically China-US has serious problem income inequality. China and US had different views on WTO system reconfiguration earlier, but now new era starts for China. In 2018 China had some social innovations bringing together business, government and international organizations focusing on sustainability, income inequality and social mobility. Dr. Xiang Bing strongly believes that not technologies and finance, but value connection is essential for humanity.

Dr. Urs Lustenberger, Partner of Lustenberger Law Firm Zurich, Chairman of Swiss-Asian Chamber of Commerce, Zurich, Switzerland also confirms the fact that there is a serious problem in WTO system impeding correct functioning and abusing the Law. He thinks the world is hijacked by fast moving technological news while it is necessary to define thoughts and develop visions clearly. Doing this way could lead us to the conclusion that global trade is good and it would help people buy things cheaper and would help to spread ideas and truth clearly.

There is a thought that people are more in touch with employers and big companies than with the state. We need to rebalance the Constitution to have some interaction with the government. Now people are ready for these remakes and changes.

Tuck Seng Low, Senior Advisor EUTEC, Zurich, Switzerland speaks about China with its own propositions who started implementing 2025 "Made in China" program. China has basis of a few channels now, making the corridors regarding finance, technology, human resources issues. Moreover, China has integrated and cooperated space as a part of BRI, launching a satellite. That shows that China is engaging to the rest of the world in quite unconventional way where technologies might go ahead of us.

Igor Almazov, Power Grid, ABB Power Grids Schweiz AG, Baden, Switzerland. Globalization being a good process for the companies cannot be observed in the regions where ABB works. In Caspian region small countries without capacity to produce equipment invite big market players and decrease price level by creating competition. Big countries do not open borders actively, they develop their own local high-tech products, not accepting prices from foreign companies. Thus, global companies must adapt their policies to the regions. Igor thinks if we have money, we are for globalization, it we do not we are against of it.

The moderator: Dr. Ying Zhang. Speakers: Dr. Rer. Pol. Christian Etter, Dr. Xiang Bing, Dr. Urs Lustenberger, Tuck Seng Low, Igor Almazov.