Trade Archive

Oil occupies a special place in the world of international trade and in the public lore. No other commodity carries the political, strategic and tactical power of petroleum. Since it became the world’s primary fuel less than two centuries ago, oil has played a major role in shaping world events, triggering trade embargoes and colonial wars, making and breaking political alliances and always offering a justification, real or imagined, for international conflicts. It’s hardly surprising, then, that the recent precipitous drop in global oil prices has generated a flurry of conspiracy theories. Speculation about “the real cause” behind the current […]

Oct. 26 is a big day for South American democracy. Most observers will be focused on the runoff in Brazil between the incumbent, President Dilma Rousseff, the candidate of the left-center Workers Party that has been in office since 2002, and her center-right challenger, Aecio Neves, in an election battle over who offers the better path toward securing and expanding the economic gains of the middle class. But a similar electoral scenario is playing out next door in Uruguay, where former President Tabare Vazquez of the leftish Broad Front is hoping to return to office, succeeding outgoing President Jose “Pepe” […]

For the past decade, Panama’s economy has been roaring. With GDP growth averaging 8.24 percent from 2003 to 2013, Panama’s economy looked more like that of the so-called East Asian Tigers than many of its neighbors, particularly to the north, and the comparison to Asia does not end there. As the government moves to widen the Panama Canal to accommodate wider shiploads and makes massive investments in infrastructure, including ports and the first-ever subway in the capital city, Panamanian authorities have proclaimed that they want to be the Singapore of the Western Hemisphere—the region’s main logistical hub. While in terms […]

Russian President Vladimir Putin is scheduled to meet with Ukrainian President Petro Poroshenko and the leaders of Italy, France, Germany, the United Kingdom and other European countries at tomorrow’s 10th Asia-Europe Meeting (ASEM) in Milan. The meeting, the third between Putin and Poroshenko since the latter took office in May, will include talks on Russia’s supply of gas to European countries via pipelines through Ukraine, which was a fraught issue even long before the ouster of Ukraine’s previous president, Viktor Yanukovych, in February. Russia shut off Ukraine’s gas supply in June, citing Ukraine’s failure to pay its debts, and the […]

Indian Prime Minister Narendra Modi’s five-day visit to the United States last week garnered massive media and think tank attention during the month before it occurred, but little coverage or reflection since then. This is mainly due to the limited concrete results achieved by the visit, compared to the heightened expectations of what some hoped the trip might achieve. Modi did meet with President Barack Obama and other senior U.S. officials. But he did not receive the lavish official attention shown his predecessor, Manmohan Singh, during Singh’s November 2009 state visit to Washington. Modi seemed to brush it off, expressing […]

In August, as U.S. Secretary of State John Kerry was about to embark on a trip to Myanmar for a set of regional meetings, more than 70 lawmakers drafted a letter to him warning that disturbing developments in the country called for a “significant recalibration” in U.S.-Myanmar ties. Coming more than two years after the Obama administration eased sanctions in response to historic reforms, the incident is just the latest episode revealing ongoing frictions among the White House, Congress and other actors over evolving U.S. policy in Myanmar. Since the transition from a military dictatorship to a nominally civilian government […]

Last week, Indian Prime Minister Narendra Modi addressed the United Nations General Assembly, met with business leaders in New York and held talks with U.S. President Barack Obama in Washington. Though no concrete deals were made, there was progress on improving the strained relationship between India and the U.S. The visit was also significant since Modi was denied a visa to the U.S. in 2004, owing to his failure as chief minister of Gujarat to prevent a 2002 outbreak of religious violence that left over 1,000 people dead. Unsurprisingly, strengthening economic ties was high on Modi’s agenda. During a breakfast […]

This summer, Japanese Prime Minister Shinzo Abe went on a five-nation tour of Latin America, visiting Mexico, Trinidad and Tobago, Colombia, Chile and Brazil. In an email interview, Melba Falck Reyes, professor in the Pacific studies department at the University of Guadalajara, discussed Japan’s ties with Latin America. WPR: What are de main outcomes of Japanese Prime Minister Shinzo Abe’s recent Latin America tour? Melba Falck Reyes: With this visit Abe was seeking to consolidate and deepen relations with these countries, emphasizing four main areas: economic relations, cooperation, political dialogue and peace, stability and prosperity of the international community. Regarding […]