Trade Archive

In late June, the Canadian government announced the lifting of visa requirements for Mexican visitors starting Dec. 1, one of several measures that Prime Minister Justin Trudeau hopes will improve ties with Mexico. In an email interview, Laura Macdonald, a professor of political science at Carleton University, discussed Canada’s ties with Latin America. WPR: How extensive are Canada’s diplomatic and economic ties across Latin America, and who are its main partners in the region? Laura Macdonald: The United States is by far Canada’s most important economic, political and military partner in the world. However, the stagnation of the U.S. and […]

Argentine President Mauricio Macri was in Brussels earlier this month to push the European Union on finalizing a free trade agreement with the South American trade bloc Mercosur. In an email interview, Inmaculada Martinez-Zarzoso, a professor of economics at the University of Goettingen, discusses the state of the free trade negotiations between the EU and Mercosur. WPR: How extensive are trade and political ties between the EU and Mercosur, and what is standing the way of a free trade agreement between them? Inmaculada Martinez-Zarzoso: Mercosur—and especially Brazil, Mercosur’s largest economy—is an important market for EU goods and services. The main […]

Last month, the head of the Thai junta, Prayut Chan-o-cha, visited India for the first time since he seized power in a military coup in May 2014. Though India and Thailand have long been diplomatic partners, the visit saw an uptick in their cooperation as they prepare to commemorate the 70th anniversary of their relationship next year. India and Thailand have long made a commitment to enhancing their bilateral ties, recognizing the value of the relationship both for its own sake as well as part of their regional strategies, whether India’s current “Look East” policy or its corollary, Thailand’s “Look […]

The Italian word for “stormy” is burrascoso. It is a word that foreigners who live in Italy soon learn, if they have any linguistic skill at all, since the outlook for the economy, politics, society, or relations with Europe is invariably one where dark clouds loom on all fronts. For 40 years now, since the mid-1970s, Italy has indeed been weathering a continuing series of political storms. On at least two occasions, in 1992-1993 and 2011-2012, the country teetered on the brink of a systemic crisis of Greek or Argentine dimensions. In the meantime, the absence of coherent political leadership […]

Myanmar’s de facto leader, Aung San Suu Kyi, was in Thailand in late June for talks with Thai Prime Minister Prayut Chan-o-cha on developing economic ties and cooperation with the Association of Southeast Asian Nations (ASEAN). In an email interview, Mely Caballero-Anthony, an associate professor the S. Rajaratnam School of International Studies in Singapore, discusses Myanmar’s relations with its ASEAN neighbors. WPR: What efforts has Myanmar taken since its political opening to build ties with its ASEAN neighbors, and how effective has its outreach been? Mely Caballero-Anthony: One of Myanmar’s most significant achievements since the start of its political reforms […]

In late 2013, in a highly publicized address to the Chinese Communist Party’s plenum, Chinese President Xi Jinping announced that his newly elected government would unleash the private sector after decades of gradual economic reforms that left many of China’s biggest industries in the hands of state-owned giants. Market forces, rather than the state, would now play a “decisive role” in the Chinese economy, Xi declared, a line touted by Chinese and foreign media. The declaration represented a major shift: State-owned enterprises consumed the majority of lending from China’s four big banks, and dominate the list of the largest corporations […]

In late June, Israel and Turkey struck a long-awaited deal to normalize diplomatic ties, ending the six-year chill sparked by Israel’s raid on a Gaza-bound flotilla that killed eight Turks and an American citizen of Turkish origin. Under the deal, Israel will allocate $20 million for compensation of the victims’ families. As ties are restored, each country will return its ambassador, and the two sides could even enter talks on a natural gas pipeline. Turkey, for its part, will halt all criminal or civil claims against Israeli military personnel involved in the raid. Shortly after the deal was signed, a […]

The result of the United Kingdom’s referendum on its membership in the European Union was a shock, even to leaders of the “leave” campaign, exposing a lack of planning for the new British relationship with Europe. Amid the turbulence of Brexit, less attention has been paid to its geopolitical effects. But on the key issues of Russia, Syria, China and trade, Brexit will have direct and significant impacts. Russian President Vladimir Putin’s purported desire for Britain to leave the EU was a debating point during the referendum campaign. While Putin’s public statements on the outcome suggest mild approval, private sources […]

Last month, officials from Indonesia and Australia met in Sydney, where they agreed to increase counterterrorism cooperation and information-sharing in response to the growing threat from the so-called Islamic State. In an email interview, Greta Nabbs-Keller, the manager of Indonesia programs at the University of Queensland’s international development unit, discusses the current state of Australia-Indonesia relations. WPR: How have ties with Indonesia evolved under the administration of Australian Prime Minister Malcolm Turnbull, and to what extent have the two sides been able to move past recent tensions over Australia’s asylum policy and Indonesia’s execution of Australian drug smugglers? Greta Nabbs-Keller: […]

If one had to choose the biggest loser in the 2016 U.S. presidential campaign, globalized free trade would be as good a place as any to start. Among Republican and Democratic candidates, free trade deals have become the red-headed stepchildren of the 2016 campaign. For the presidential bids of presumptive Republican nominee Donald Trump and Democratic candidate Bernie Sanders, they are the biggest proverbial punching bags. Even Hillary Clinton, a long-time free trader and the presumptive Democratic nominee, has been forced to back away from her support for the Trans-Pacific Partnership (TPP) deal. But much of the criticism of liberalized […]

German Chancellor Angela Merkel was in China earlier this month, her ninth trip there since taking office, to discuss trade relations, rule of law concerns and the South China Sea disputes. In an email interview, Klaus Larres, a professor at the University of North Carolina, discussed Germany’s ties with China. WPR: How have Germany’s economic and political ties with China evolved since Merkel came to office, and in what areas are both sides looking to expand ties? Klaus Larres: Since the 1980s, under Chancellors Helmut Kohl and Gerhard Schroeder, ties between China and Germany have become increasingly close. Schroeder traveled […]

At the foundations of the major crises that have rocked Europe over the past three years can be found questions of geo-economics. Whether in the Russian intervention in Ukraine in 2014, the migration crisis that began in earnest in 2015, or last week’s decision of British voters to approve an exit from the European Union, governments and peoples are making choices as to what sources of human capital, raw material and manufacturing potential, as well as which larger economic groupings, they wish to be associated with. The neat division of the world into largely self-sufficient Westphalian states defined by clear […]