Last week, U.S. President Joe Biden met with his counterparts from the five states of Central Asia in the first-ever leaders’ summit of the so-called C5+1 format. The meeting is a step in the right direction when it comes to U.S. policy toward an increasingly strategic region, but one that Washington has historically neglected.
Asia-Pacific
For Washington and Brussels, the IMEC trade corridor linking India, the Gulf and Europe is an effort to mold the resulting partnerships in line with Western interests. However, for India, the UAE and Saudi Arabia, their participation in the project does not reflect a desire to choose sides amid an era of great power competition.
Earlier this year, the global economy experienced an important milestone that, though it went largely unnoticed, scholars may look back on as a marker of the beginning of a new era, with economic but also geopolitical significance: For the first four months of 2023, Mexico surpassed China as the top trade partner of the United States.