On November 12, 2011, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, and the United States agreed to a trade and investment framework to "promote innovation, economic growth and development, and support the creation and retention of jobs." In later trade rounds, Canada, Mexico, and Japan joined the partnership.
A multilateral free trade deal, the Trans-Pacific Partnership, dominated President Obama's agenda at the APEC summit in Hawaii. This is part of a U.S. effort to increase economic cooperation with Asia to boost exports and create jobs, says expert Simon Tay.
The Asia Society Task Force reviews the phenomenon of East Asian regionalism and offers policy-relevant suggestions for the Obama administration to renew and deepen engagement between the United States and Asia.
The U.S. ratification of the stalled Free Trade Agreements with South Korea, Colombia, and Panama indicates that "there is a possibility, despite the very great partisan divisions in Congress, of bipartisan cooperation on economic issues," says CFR's Edward Alden. However, Alden emphasizes that "it is important not to overstate the potential job creation benefits" of the agreements.
As Presidents Lee and Obama reaffirm the relationship and celebrate congressional approval of a long-pending free trade deal, they must also focus on difficult challenges ahead with North Korea and China's rise, say experts.
The longstanding U.S.-South Korea alliance, created as a bulwark against a communist North Korea, has expanded to include tighter trade ties and cooperation on global issues from climate change to international development.
South Korean President Lee Myung-bak's visit to Washington is likely to see passage of the Free Trade Agreement and coordination on strategies for pushing North Korea toward denuclearization, says CFR's Scott Snyder.
Thomas A. Daschle interviewed by Christopher Alessi
The U.S. needs to revitalize trade policy and spur foreign investment in this country--timely ingredients for a job-creating economic resurgence, says former senator Thomas Daschle, co-chair of a new CFR independent task force on trade and investment.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
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.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
Learn more about CFR’s mission and its work over the past year in the 2014 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 »