Trade Archive

Last month, Australia signed a free trade agreement with China, though it has yet to be implemented. Its ninth free trade deal with its neighbors came amid Australia’s active participation in ongoing negotiations over two major trade deals in the Asia-Pacific region, the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP). How does all this trade-related bustle fit together? And how much is politics, as much economics, involved? The current activity reflects a shift in global trade regimes. Australia used to be a strong supporter of multilateral trade, with the World Trade Organization (WTO) at the center of […]

Earlier this month, Italian Prime Minister Matteo Renzi was in Kenya to discuss trade ties and pledge support for counterterrorism operations in East Africa. In an email interview, Mattia Toaldo, a policy fellow at the European Council on Foreign Relations, discussed Italy’s outreach to Africa. WPR: How extensive are Italy’s ties with Africa, and what are the main areas of cooperation? Mattia Toaldo: After the end of the Cold War, and with development aid money drying up, the Italian presence in sub-Saharan Africa quickly waned. But following a policy review conducted two years ago under then-Foreign Minister Emma Bonino, Italy […]

On his current visit to Kenya and Ethiopia, U.S. President Barack Obama has been wise to promote stronger business ties between Africa and the United States. The U.S. has lagged behind rivals, notably China, when it comes to commercial engagement with the continent. The Obama administration is well aware of the problem, and the president’s trip is not the first attempt to fix it. But meaningful progress will require Washington to go beyond rhetoric and actively help to enhance governance frameworks that currently prevent U.S. companies from competing effectively in many African countries. For several years now, the Obama administration […]

Ever since the end of the colonial period, in 1956 for Morocco and in 1962 for Algeria, France has had a complex and often ambivalent relationship with the two former colonies that formed the core of its North African empire. Social and economic ties have drawn all three countries closer together, but diplomatic tensions, usually involving Algeria, remain. In a recent reversal, however, Morocco has aired resentments over its colonial past after a series of recent spats with Paris, while Algeria has a newfound preference for closer French trade and security ties. French relations with Algiers were strained for many […]

Last week, prosecutors in Brazil formally opened an investigation into alleged influence-peddling by former President Luiz Inacio “Lula” da Silva. The popular Brazilian leader is accused of using his position to benefit the Brazilian construction giant Odebrecht, Latin America’s largest engineering firm, between 2011, when he left office, and 2014. The corruption probe is only the latest headache for Lula’s successor, Dilma Rousseff, and a Brazilian political class shaken to the core by the ongoing Petrobras scandal, in which dozens of politicians and businessmen are under investigation for taking over $2.1 billion in kickbacks from the state-owned oil giant. Odebrecht’s […]

Indian Prime Minister Narendra Modi’s whirlwind tour this month of the five Central Asian republics of Uzbekistan, Kazakhstan, Turkeminstan, Kyrgyzstan and Tajikistan, with a stop in the middle in Russia, was a move to breathe life into the “Connect Central Asia” strategy launched under Modi’s predecessor, Manmohan Singh, in 2012. Modi’s renewed seriousness about an Indian foreign policy that looks north is underscored by India’s investment in the Iranian port of Chahbahar. The port forms the southern end of the International North-South Corridor (INSTC), a multination rail, road and shipping network connecting India with Russia via Central Asia. But this […]

Cambodia’s July 2013 national elections were a watershed moment in the country’s recent political history. Amid charges of electoral fraud, long-ruling Prime Minister Hun Sen’s Cambodian People’s Party (CPP) was declared the winner of the polls by the National Election Committee. Despite the irregularities, the opposition Cambodian National Rescue Party (CNRP) still saw its support surge, winning 55 out of the 123 seats in parliament. The result represented an unprecedented loss of 22 seats for the CPP and prevented it from wielding the two-thirds majority necessary to amend Cambodia’s constitution. Following the announcement of the results, anti-government demonstrations in the […]

Both the Brazilian and U.S. governments billed President Dilma Rousseff’s late June meeting with President Barack Obama and Vice President Joe Biden in Washington as a reset of relations between the Western Hemisphere’s two largest democracies. Revelations in 2013 by NSA contractor Edward Snowden of U.S. eavesdropping on Brazilian officials, including Rousseff herself, caused her to cancel her state visit scheduled for that October, putting bilateral relations on ice for almost two years. Arguably, Brazil and the United States had already been on separate tracks for some time prior to that, given Brasilia’s more assertively independent foreign policy under the […]