Trade Archive

When Indian Prime Minister Narendra Modi and the BJP decisively won last year’s elections, many were worried about the potential for interreligious tensions. But so far, Modi has allayed those concerns while bringing a new dynamism to India’s foreign policy, as the articles in this report make clear. The Modi Era Takes Shape Marked by Strong Opposition, India’s Election Brings No Guarantee of ChangeBy Prashanth ParameswaranApril 17, 2014 Maoist Insurgency Still Simmers in Modi’s IndiaInterview with P.V. RamanaAug. 20, 2014 Modi’s BJP Seeks Inroads in Kashmir ElectionsInterview with Sten WidmalmDec. 18, 2014 After U.S.-China Climate Deal, India Feels the Heat […]

Earlier this month, Argentina received $400 million from the People’s Bank of China as the fourth installment of an $11 billion currency swap agreement with China. In an email interview, Eduardo Daniel Oviedo, professor of political science and international relations at the National University of Rosario in Argentina, discussed Argentina’s relations with China. WPR: What are the main areas of cooperation between China and Argentina, and what are the areas of contention? Eduardo Daniel Oviedo: Politics, trade, investment and migration are the main areas of cooperation between China and Argentina. Mutual support on the issues of the Falkland Islands—known in […]

In contrast to Indian Prime Minister Narendra Modi’s five-day visit to the United States in September, which appeared to be something of an anticlimax for yielding few concrete results, U.S. President Barack Obama’s quick trip to India this week has seen progress in many important areas. In retrospect, it appears that Modi’s visit helped create a warm bond between the two leaders, evident when Modi broke protocol to personally greet Obama at the airport upon his arrival. The two leaders’ personal rapport has clearly facilitated dialogue to overcome past grievances in the bilateral relationship. From being primarily a short-term transactional […]

Earlier today at the World Economic Forum in Davos, Switzerland, Russian Deputy Prime Minister Igor Shuvalov acknowledged that Russia is bracing for a rough year. “We will survive any hardship in the country—eat less food, use less electricity,” Shuvalov said. Russia, whose economy has been pummeled by falling global energy prices and Western sanctions in response to the ongoing conflict in eastern Ukraine, has seen a steep drop in the value of the ruble since last month. But Russia is not the only country affected by the ruble’s collapse. Russia under President Vladimir Putin has been one of the world’s […]

If the changes to the 53-year-old embargo on Cuba announced by U.S. President Barack Obama last month were contentious, implementing them will not be smooth either. To be sure, U.S. public opinion, even among younger Cuban-Americans, has shifted against the embargo, and private sector groups, especially agribusinesses that have lost market share in Cuba to Brazilian competitors, has become more organized and vocal in urging the president to exercise his authority to change the embargo. But there is still the shrill, organized contingent of hardline, pro-embargo Cuban Americans who continue to denounce the actions, led in Congress by two senators, […]

Pakistani Finance Minister Mohammad Ishaq Dar was in Japan last week for talks with his Japanese counterpart, Taro Aso, on trade and economic cooperation. In an email interview, Ahmad Rashid Malik, a senior research fellow at the Institute of Strategic Studies in Islamabad, discussed Pakistan-Japan relations. WPR: What are the main areas of cooperation between Japan and Pakistan? Ahmad Rashid Malik: Economic and security issues have been the main areas of cooperation between Pakistan and Japan over the years, including promoting trade and attracting investment. Pakistan has long sought Japanese loans, technical cooperation and the transfer of commercial technology. Japan […]

BETHLEHEM, West Bank—Shivering at his desk inside a dilapidated office building housing the Bethlehem branch of the Palestinian Authority (PA)’s Interior Ministry, Ayman al-Azza feels trapped. More than 20 years ago, al-Azza, now 48, returned from the U.S. to the refugee camp he grew up in ready to build the promised Palestinian state. Drawn by the optimism surrounding the signing of the 1993 Declaration of Principles on Interim Self-Government Arrangements, more commonly known as the Oslo Accords, tens of thousands of Palestinians living abroad did the same. Two frustrating decades later, al-Azza is ready to call it quits. He’s not […]

Yesterday, the Belarusian ruble rebounded slightly in international currency markets for the first time since the Russian ruble plummeted in value in December. The gain follows emergency steps taken earlier this month by Belarus’ central bank to devalue the ruble by 7 percent, increase the main refinancing rate and add a new export tax on potash, all in an attempt to manage the fallout from Russia’s sudden economic crisis. This in turn followed a move in late December to replace Belarus’ prime minister and the head of the central bank in order to aggressively respond to the currency drop. The […]

Earlier this month, Israel approved a plan to strengthen trade ties and boost security cooperation with Japan. In an email interview, Ben-Ami Shillony, a professor emeritus in East Asian studies at the Hebrew University of Jerusalem, discussed Israel-Japan relations. WPR: How extensive are Israel-Japan relations, and what are the main areas of cooperation? Ben-Ami Shillony: Israel and Japan are two highly industrialized democracies, complementing each other in many ways. Despite its small territory and population, Israel is today one of the leading high-tech and startup nations in the world. Japan, the third-largest economy in the world but grappling with an […]

Earlier this month Venezuela and Ecuador received major boosts from China, which has redoubled its stake in the two Latin American economies most vulnerable to plunging oil prices. Following recent visits to China by financial chiefs from both countries, Venezuelan President Nicolas Maduro and his Ecuadorian counterpart, Rafael Correa, each traveled to Beijing in early January, where China held its first annual ministerial meeting with the Community of Latin America and Caribbean States (CELAC). Correa returned from the visit with approximately $5.3 billion in new financing from the Export-Import Bank of China; Maduro announced that Venezuela would receive an additional […]

When Oman’s foreign minister made two visits to India last year, once before Indian Prime Minister Narendra Modi’s new government was sworn in and once right after, it became the first Gulf Cooperation Council (GCC) member to commence high-level engagement with the new Indian government. The visits were also a signal that Oman continues to be India’s closest strategic partner in West Asia. As a country that not only hosts some 700,000 Indian expatriates, but also key Indian listening facilities, Oman is assuming ever-greater importance for New Dehli as an outpost to project Indian influence—especially with the rise of the […]

U.S. President Barack Obama has returned from his holiday vacation in Hawaii to start a “barnstorming” tour across the United States to make the case for his domestic policy agenda in the run-up to the State of the Union address on Jan. 20. Faced with a new Republican-controlled Congress that will not be particularly hospitable to his proposals, Obama is likely to emphasize his core domestic priorities. When he does return to foreign policy matters after the address, Obama, like other “fourth quarter” presidents before him, will likely begin to sort the issues facing him in his last two years […]

In a reversal of historical trends, emerging countries are now going to great lengths to buy into portions of Europe’s sluggish industrial system. In the gloomy context of an old continent struggling to overcome the crisis that has been gripping its economies since 2007, businesses from developing nations are queuing to purchase valuable European assets, often in countries that were once their colonial rulers. As a consequence of the growing importance that their own countries have gained on the world stage, private and public managers from China, India and the Persian Gulf countries are now familiar figures in the governing […]

On Jan. 1, 2015, Russian President Vladimir Putin’s flagship geopolitical project, the Eurasian Union, formally came into existence. Building on the existing Customs Union between Russia, Belarus and Kazakhstan, the Eurasian Union’s official goals are to enhance its members’ economic prosperity and political influence by promoting the free flow of capital, goods, labor and services, and by coordinating their agricultural, energy, industrial and transportation sectors. Back in the fall of 2011, when still prime minister, Putin made establishing a Eurasian Union among the former Soviet republics a major theme of his successful presidential campaign. He argued that by coordinating their […]