The Obama administration has embraced the most ambitious agenda on trade and investment liberalization in the past two decades, but more must be done to remove trade barriers in services, which is where the United States is most competitive, according to Ted Alden.
"Arctic shipping will remain of limited importance to China, as it will for the rest of the world. Future shipping in the Polar region will mostly consist of seasonal destinational transport, delivering supplies into the Arctic for its increasing economic activity and transporting the region's natural resources to markets in East Asia."
"In the last three to four decades, government and business have been part of a far-reaching economic transformation, made possible by remarkable advances in information, communication and transport technologies. The proliferation of internationally joined-up production arrangements – that is, global supply chains – has changed our economic and political landscape in fundamental ways."
The Obama administration has a tremendous opportunity to forge a new approach on tobacco that balances U.S. mandates on trade with its obligations to promote public health at home and abroad, writes CFR Fellow Thomas Bollyky.
The U.S. Bureau of Economic Analysis released this report on August 6, 2013, which showed that between June 2012 and June 2013, "exports were up $6.0 billion, or 3.2 percent, and imports were down $2.3 billion, or 1.0 percent." The International Trade Administration's corresponding fact sheet highlights data on trade relationships with Trans-Pacific Partnership countries for the same time period.
Thomas Bollyky and Anu Bradford discuss the newly launched Transatlantic Trade and Investment Partnership negotiations and its potential for overcoming the real barrier to global trade and commerce – divergent or duplicative regulatory policies.
On July 1, 2013, President Barack Obama announced Trade Africa, an initiative to promote trade partnerships between African countries and between the United States, African countries, and other global markets.
Tensions between China and Japan are rising, but an economic version of mutual deterrence is preserving the uneasy status quo. Put simply, China needs to buy Japanese products as much as Japan needs to sell them.
No matter what one thinks should be done about global warming, the fact is, it's happening. And its effects are not all bad. In the Arctic, it is turning an impassible region into an emerging epicenter of industry and trade.
President Obama's weeklong visit to three African countries should reinforce trade and political ties and address some sentiments that the continent has been overlooked by the White House, writes CFR's John Campbell.
The G8 leaders met in the U.K. during June 17–18, 2013, for their thirty-nineth summit. They released a joint communique, an Open Data Charter, and the Lough Erne Declaration, a ten-point agreement addressing issues in tax evasion and trade protectionism.
Authors: Charles A. Kupchan and Marta Dassù New York Times
Yes, the United States is pivoting to Asia, one of the reasons for the tête-à-tête last week between Barack Obama and Xi Jinping. But behind the scenes, President Obama has actually been reorienting U.S. diplomacy toward Europe.
On the heels of the Pacific Alliance's May 2013 summit meeting in California, Julia Sweig reflects on the significance of this new regional trade bloc and on the implications of Brazil's foreign trade and investment agenda.