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Ranking the Trade Policies of the G20

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The following content is sponsored by The Hinrich Foundation

Ranking the Trade Policies of the G20

In October 2021, the leaders of the G20 nations met for their annual summit in Rome. On the agenda were important items such as climate change, corporate taxation, and of course, the issue of global trade.

Altogether, the G20 represents 85% of global GDP and 66% of the worldโ€™s population. It is therefore important to track their trade policy regimes, as they have a significant impact on growth and development.

With this in mind, The Hinrich Foundation has analyzed the policy interventions of every G20 member following the Rome summit to see how global protectionism has advanced.

Liberalizing vs. Harmful Interventions

The first chart in this infographic measures the percentage of each nationโ€™s total value of goods trade that has been affected by harmful or liberalizing interventions.

We define liberalizing interventions as those that liberalize on a non-discriminatory or most favored nation basis. On the other hand, harmful interventions are those that discriminate against the commercial interests of a foreign country.

From this data we can see that Brazil is the only G20 member to have liberalized more trade than it discriminated against.

Note that our data only includes 17 economies. This is because the G20 includes France, Germany, and Italy, while our dataset aggregates them under EU.

G20 Member% Liberalizing% Harmful
๐Ÿ‡ง๐Ÿ‡ท Brazil76%24%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia48%52%
๐Ÿ‡จ๐Ÿ‡ณ China48%52%
๐Ÿ‡น๐Ÿ‡ท Tรผrkiye44%56%
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico37%63%
๐Ÿ‡ฎ๐Ÿ‡ณ India37%63%
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa32%68%
๐Ÿ‡ช๐Ÿ‡บ EU32%68%
๐Ÿ‡ฆ๐Ÿ‡บ Australia31%69%
๐Ÿ‡ฆ๐Ÿ‡ท Argentina22%78%
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia20%80%
๐Ÿ‡ฏ๐Ÿ‡ต Japan18%82%
๐Ÿ‡ฐ๐Ÿ‡ท South Korea17%83%
๐Ÿ‡ฌ๐Ÿ‡ง UK7%93%
๐Ÿ‡ท๐Ÿ‡บ Russia5%95%
๐Ÿ‡บ๐Ÿ‡ธ US4%96%
๐Ÿ‡จ๐Ÿ‡ฆ Canada1%99%

Based on the trade policies enacted between the Rome Summit (Oct 2021) and the Bali Summit (Nov 2022). Source: Global Trade Alert (2022)

Across the rest of the G20, the majority of goods trade was subject to harmful trade policies. This could include import tariffs, state subsidies for domestic industries, and even outright bans.

Who’s Targeting Whom?

Turning focus to the number of harmful trade measures introduced, we can identify the U.S., EU, and India as the top three implementers. The full list is included below. 

CountryNumber of harmful interventions
๐Ÿ‡บ๐Ÿ‡ธ United States of America3,905
๐Ÿ‡ช๐Ÿ‡บ EU1,716
๐Ÿ‡ฎ๐Ÿ‡ณ India768
๐Ÿ‡ง๐Ÿ‡ท Brazil697
๐Ÿ‡ท๐Ÿ‡บ Russia644
๐Ÿ‡ฆ๐Ÿ‡บ Australia304
๐Ÿ‡ฆ๐Ÿ‡ท Argentina264
๐Ÿ‡น๐Ÿ‡ท Tรผrkiye223
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia217
๐Ÿ‡ฏ๐Ÿ‡ต Japan171
๐Ÿ‡จ๐Ÿ‡ฆ Canada141
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom137
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia101
๐Ÿ‡ฐ๐Ÿ‡ท South Korea79
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa60
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico54
๐Ÿ‡จ๐Ÿ‡ณ China38

The top three target economies of the U.S. were China (293 measures), the EU (291), and Russia (290). Over $100 billion in Chinese exports such as steel products, motor vehicles, and computing equipment are subject to harmful interventions.

The EUโ€™s top three targets were the UK (219), China (186), and the U.S. (181).

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This graphic is the first in a three-part series by The Hinrich Foundation that covers the geopolitics of trade.

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