Trade

Primary Sources

Joint Statement of the Fifth BRICS Summit in Durban, March 2013

The fifth summit of the BRICS (Brazil, Russia, India, China, South Africa) countries met in Durban, South Africa March 26 and 27, 2013, to discuss "political and economic coordination." They released their fifth summit declaration, "BRICS and Africa: Partnership for Development, Integration and Industrialisation," which includes plans for a BRICS development bank.

See more in Emerging Markets; Trade; Global

Ask CFR Experts

What are the potential benefits and pitfalls of the proposed U.S.-EU Free Trade Agreement?

Asked by Bill Wanlund
Author: Robert Kahn

A U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) could provide a significant boost to U.S. jobs, growth and trade. Conversely, the primary pitfall to the agreement would be if it caused a retreat from multilateralism, divert trade from emerging markets and weaken institutions such as the World Trade Organization.

Read full answer

See more in Trade; EU

Foreign Affairs Article

Gangster's Paradise

Author: Peter R. Andreas

Despite media hoopla, cross-border crime -- illegal drugs sales, evasion of taxes, intellectual property theft, and money laundering -- is hardly a new phenomenon. For much of history, moreover, the United States was as much perpetrator as victim. Recognizing this awkward truth should help cool down overheated debates about today's transnational problems and how to respond to them.

See more in Trade; Transnational Crime

Primary Sources

Joint Statement on U.S.-EU Negotiations for a Transatlantic Trade and Investment Partnership, February 2013

President Barack Obama, European Council President Herman Van Rompuy, and European Commission President José Manuel Barroso gave this joint statement on February 13, 2013. It announced the launch of negotiations for a Transatlantic Trade and Investment Partnership, at the recommendation of a report from the U.S.-EU High Level Working Group on Jobs and Growth.

See more in Trade; United States

Primary Sources

Russia and Moldova Jackson-Vanik Repeal and Sergei Magnitsky Rule of Law Accountability Act of 2012

This act grants permanent normal trade relations with Russia and was signed into law on December 14, 2012. See also the Jackson-Vanik Amendment. The U.S. Treasury Department releases sanctions under the Magnitsky Act, which bans specific Russian citizens from entering the United States. The Russian Foreign Ministry recently released a list in response, banning specific U.S. citizens from entering Russia.

See more in Russian Federation; Human Rights; Trade