For several years, high oil prices enabled the Gulf Cooperation Council countries to add large sums to their state coffers. Falling oil prices imply that some Gulf countries may need to draw on their depleted funds to cover their import bills. In this Center for Geoeconomic Studies Working Paper, Brad W. Setser and Rachel Ziemba examine the impact of the fall in global equities on the Gulf’s large funds and explore how various oil price scenarios could shape those funds’ future growth.
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The United States spends approximately $700 million per year in the Andean region, but this Commission report concludes that current U.S. policy--focused narrowly on "drugs and thugs" in the Andes--cannot achieve U.S. regional goals of democracy, prosperity, and security. Andes 2020 offers bold new recommendations to recalibrate U.S. policy to better meet its objectives.
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Maureen Meyer, associate for Mexico and Central America at the Washington Office on Latin America, discusses the violent run-up to Guatemala's September 8 elections and public security issues in Central America.
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As the international troop presence in Afghanistan shrinks, the United States and India have a shared interest in a stable future for Afghanistan. CFR Senior Fellow for India, Pakistan, and South Asia Alyssa Ayres writes that the United States should encourage Indian support for Afghanistan in areas of Indian expertise: democracy, economics, and civilian security.
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Leaders from ASEAN countries met with U.S. President Obama in Sunnylands, California February 15-16, 2016. In his remarks at the summit, President Obama discussed his administration's "foreign policy rebalance to the Asia Pacific" and how the relationship will continue into future administrations.
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On January 29, 2016, Canadian Foreign Minister Stephane Dion hosted U.S. Secretary of State John Kerry and Mexican Foreign Secretary Claudia Ruiz Massieua. The ministers discussed how the three countries can cooperate in the areas of energy and environment, combatting violent extremism, and reducing organized crime and human and drug trafficking. They also discussed the North American Leaders’ Summit scheduled for spring 2016.
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President Barack Obama attended the ASEAN summit in Kuala Lumpur, Malaysia, November 18-22, 2015.
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Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe, and South Korean President Park Geun-hye met in Seoul on November 1, 2015, for the Sixth Trilateral Summit, the first since 2012. The trilateral talks were proposed by South Korea in 2004 as a meeting outside of ASEAN to build cooperation on economic, humanitarian, security, and diplomatic issues. The first summit was held in Japan in 2008.
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President Obama and President Park spoke at a joint press conference on October 16, 2015. They discussed North Korea's nuclear activities, trade initiatives such as the Korea-United States U.S-ROK Free Trade Agreement (KORUS FTA) and the Trans Pacific Partnership, and U.S.-Korean cooperation in issues such as climate change and global health.
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The seventieth session of the United Nations General Assembly was held September 28 through October 3, 2015. U.S. President Barack Obama, Chinese President Xi Jinping, Russian President Vladimir Putin, Iranian President Hassan Rouhani, and Cuban President Raúl Castro Ruz were among the speakers of the September 28 session and Ukrainian President Petro Poroshenko spoke on September 29. Speeches discussed the conflict in Syria, the terrorism of the self-proclaimed Islamic State, economic development, and territorial disputes.
See more in Global; Regional Security; Economic Development
U.S. Secretary of Defense Ash Carter spoke on May 30, at the 2015 International Institute for Strategic Studies (IISS) Shangri-La Dialogue. He discussed the United States' interest in economic development and security infrastructures in the Asia and Pacific region.
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Chinese Admiral Sun Jianguo spoke on May 30, at the 2015 International Institute for Strategic Studies (IISS) Shangri-La Dialogue. He discussed "China’s policies, concepts, practices and proposals on safeguarding peace and security," including China's construction and navigation projects in the South China Sea and the Asian Infrastructure Investment Bank.
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On May 14, 2015, President Obama met at Camp David with delegations from Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, and Bahrain. They discussed the security relationship between the the United States and the Gulf Cooperation Council (GCC), particularly in addressing terrorist threats from the self-proclaimed Islamic State and al-Qaeda, transferring defense technologies, and negotating with Iran.
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Japanese Prime Minister Shinzo Abe addressed the U.S. Congress on April 29, 2015, in a speech titled "Toward an Alliance of Hope." He discussed U.S.-Japan relations after World War II, the U.S. rebalance to Asia, and trade initiatives like the Trans Pacific Partnership.
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Chinese President Xi Jinping announced this initiative in 2013, which aims to connect countries along the original Silk Road and other maritime nations. The Asian Infrastructure Investment Bank will lend to countries working on these infrastructure and trade projects. On March 28, 2015, the China's Foreign Ministry released the first edition of the initiative's joint vision and actions.
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Israeli Prime Minister Benjamin Netanyahu spoke to the U.S. Congress on March 3, 2015, to address Israel's concerns about U.S. negotiations with Iran on its nuclear program. Prime Minister Netanyahu also gave remarks to the U.S. Congress in 2011.
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Cuban President Raul Castro Ruz spoke at the Third Community of Latin American and Caribbean States (Spanish: Comunidad de Estados Latinoamericanos y Caribeños, or CELAC) Summit on January 28, 2015. He discussed how CELAC countries have supported each other through economic, security, and political agreements. President Castro also laid out the conditions he wants as Cuba and the United States reestablish diplomatic relations.
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On January 11, 2015, the EU released a preview and fact sheet of the European Agenda on Security, "Fighting terrorism at EU level, an overview of Commission's actions, measures and initiatives," which will be adopted in early 2015 and provide the focus for security priorities during 2015-2020. Most of the strategy will concetrate on counterterrorism efforts. Additional EU security strategies were released in 2003 and in 2010.
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Kazakh Foreign Minister Erlan Idrissov spoke on October 6, 2014, at an event on "CICA Day." Minister Idrissov supported the idea the "new Asian Security Concept" (proposed by Chinese President Xi Jinping at the Fourth CICA Summit) and described how CICA will implement its Confidence Building Measures.
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U.S. Secretary of State John Kerry spoke at the thirtieth anniversary fo the U.S.-ASEAN Business Council. He discussed the U.S. rebalance to Asia, the State Department's economic efforts, and the Trans-Pacific Partnership.
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