Trade Archive

Earlier this month, Ashton Carter concluded his first visit to the Asia-Pacific region since becoming U.S. secretary of defense. In Japan and South Korea, Carter delivered several speeches underscoring the region’s importance and explaining the logic of U.S. President Barack Obama’s “pivot” to Asia. Carter will return to visit Singapore and India in a few weeks, a sign of how pivotal a player he has quickly become in the administration’s policy of “rebalancing” America’s strategic priorities toward the region. Carter’s recent trip, which began April 7 and ended April 12, aimed to reassure the two countries he visited, Japan and […]

South Korean President Park Geun-hye left Thursday for Colombia, the first stop on her weeklong tour of Latin America, which includes stops in Peru, Chile and Brazil. In an email interview, Juan Felipe Lopez Aymes, a researcher at the Regional Center for Multidisciplinary Research at the National Autonomous University of Mexico, discussed South Korea’s ties with Latin America. WPR: Who are South Korea’s main partners in Latin America, and what are the main areas of cooperation and investment? Juan Felipe Lopez Aymes: Trade and investment between South Korea and Latin America has increased in the past decade. Mexico is the […]

Last month, European Union foreign policy chief Federica Mogherini announced that the EU and Cuba had agreed to accelerate talks on establishing a cooperation agreement to normalize ties, which would hopefully be signed by the end of the year. Mogherini was in Havana for the third round of talks between the EU and Cuba since negotiations started up again in April 2014. The EU has tried several times in the past to negotiate a cooperation agreement with Cuba, first in 1995 and again in 2000, but talks have always failed. On the Cuban side, one of the biggest factors preventing […]

The golden age of American economic primacy has ended. Two years ago, China surpassed the United States as the world’s top trading nation, and late last year it also surpassed the U.S. to become the world’s largest economy in purchasing-power terms. China is an economic titan, but until recently, its impressive rise had not been accompanied by a vision to reshape the global economic order. However, this is beginning to change. Rather than accepting the status quo as given, Beijing is slowly working to revise foundational elements of the U.S.-led economic order. First, it has called into question the desirability […]

Like the United States, Russia has been pursuing its own more limited version of a Pacific pivot. Most often President Vladimir Putin has led this campaign, with frequent visits to the region, but Prime Minister Dmitry Medvedev took charge of the effort last week with a pair of two-day visits to Thailand and Vietnam. In its approach to Asia, Russia has strived to strengthen relations with China while also pursuing other partnerships to maximize Moscow’s bargaining leverage and hedge against problems in any one relationship. Russia has long-standing ties with India and has sought to improve relations with Japan, although […]

Last month, Japan and Indonesia signed a defense pact that covers capacity building, peacekeeping and equipment development. In an email interview, Zachary Abuza, principal of Southeast Asia Analytics, discussed Japan-Indonesia relations. WPR: What is the nature of the Japan-Indonesia bilateral relationship, and what is the extent of political, economic and defense ties? Zachary Abuza: Indonesia and Japan have close economic ties, with bilateral trade now amounting to over $50 billion a year. Japan is a major investor in Indonesia’s manufacturing sector, and it is the single largest provider of development assistance—more than $40 billion since 1960. Indonesia is also seeking […]

Two years after the death of Hugo Chavez, Venezuela finds itself mired in crisis. A drop in energy prices has devastated an already weak economy, while a crackdown on civil society has stifled the political opposition. This report draws on articles covering Venezuela from the outset of President Nicolas Maduro’s tenure. Subscribers can download a PDF copy using the download button in the toolbar above (you must be logged in to see the button). Non-subscribers can purchase a PDF copy for $5.99. Chavez’s Legacy In Post-Chavez Venezuela, a Dystopian Drama UnfoldsBy Frida GhitisNov. 21, 2013 Strategic Posture Review: VenezuelaBy David […]

In late February, the United States signed a trade deal with the East African Community (EAC), the bloc of five countries around Africa’s Great Lakes. In an email interview, Nora Carina Dihel, a senior trade economist at the World Bank, discussed U.S. trade with the EAC and the rest of Africa. WPR: What is covered by the recent U.S. trade deal with the EAC, and what impact is it likely to have on the economies of the EAC? Nora Carina Dihel: The new cooperation agreement signed by trade ministers from the five EAC countries—Burundi, Kenya, Rwanda, Tanzania and Uganda—and the […]