As supporters of the Trans-Pacific Partnership try to round up backers, they increasingly emphasise the geopolitical case for concluding a deal. But too often they overstate the case—and, in doing so, generate real geopolitical risks of their own, while also jeopardising the agreement they seek.
The United States is currently pursuing two of the largest trade deals in history, one with Asia and the other with the European Union, but concerns persist over the effects of trade on employment, inequality, national sovereignty, and safety standards.
"The Trans-Pacific Partnership would help most Americans economically and serve the country's strategic aims, and deserves the support of Congress," write CFR President Richard N. Haass and former deputy Treasury secretary Roger C. Altman.
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.
On January 26, 2015 at the U.S.-India Business Council Summit, President Obama lays out new U.S. initiatives to increase investment and trade in India, related to removing barriers to investment, technology transfer, and inclusive growth.
The U.S.-Mexico High Level Economic Dialogue was created by U.S. President Barack Obama and Mexican President Enrique Peña Nieto in May 2013 and the first cabinet-level meeting was convened September 2013 in Mexico City. Vice President Biden hosted the January 6, 2015 meeting in Washington. Participating U.S. agencies include Departments of State and Commerce, and the Office of the U.S. Trade Representative. In 2015, strategic goals are focused on energy; modern borders; work force development; regulatory cooperation; partnering in regional and global leadership; and stakeholder engagement.
On November 10, 2014, trade ministers updated the leaders of countries participating in Trans-Pacific Partnership (TPP) negotiations. Major issues include building trade in a digital economy, encouraging technological advances and providing access to medicine, and ensuring environmental protection and labor rights.
Shannon K. O'Neil, CFR's senior fellow for Latin America studies, discusses the North American Free Trade Agreement at twenty and policy recommendations for the region, as part of CFR's Academic Conference Call series.
United States Trade Representative Michael Froman and EU trade ministers met in Rome on October 14, 2014 to discuss the Transatlantic Trade and Investment Partnership (T-TIP). Ambassar Froman addressed criticisms about the agreement regarding regulations and transparency.
Dr. Jendayi Frazer explores four areas prominently featured during the U.S.-Africa Leaders Summit, which took place in Washington, DC in August 2014. She discusses how the Obama administration can help solidify the initial steps taken at the Summit for long-term U.S. involvement with the African continent.
This CFR-sponsored Independent Task Force report, North America: Time for a New Focus, asserts that elevating and prioritizing the U.S.-Canada-Mexico relationship offers the best opportunity for strengthening the United States and its place in the world.
U.S. Trade Representative Ambassador Michael Froman spoke on September 18, 2014, at the U.S. Chamber of Commerce and Center for Strategic and International Studies Symposium. He discussed the Trans-Pacific Partnership (TPP) as a major component of the Obama administration's trade platform and of the rebalance to Asia.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »