Trade Archive

Recent developments have led some commentators to worry that China and the United States may stumble into a shooting match. Two events in particular have heightened tensions between Beijing and Washington: Last month, China proclaimed an air defense identification zone covering disputed territories in the East China Sea; then, on Dec. 5, a collision was narrowly avoided between the USS Cowpens and a Chinese naval vessel that was accompanying the Liaoning, China’s first aircraft carrier, on its maiden excursion into the South China Sea. Aware of the possibility of a clash that neither country wants, Chinese and American spokesmen have […]

Never again. That was the sentiment I remember hearing over and over from developing country officials following the tumultuous completion of the Uruguay Round negotiations in 1993 that led to the creation of the World Trade Organization (WTO) two years later. Once again, most of them believed, the United States and the European Union had dictated the final terms of a global trade agreement and forced it down the throats of the rest of the world. These countries were determined to have far more say in the shape of any future deals. For the past two decades, until this month’s […]

Last week, South Korea and Australia struck a tentative free trade agreement after resuming trade talks that had been frozen for more than three years. In an email interview, Jeffrey Robertson, a visiting professor at the Korea Development Institute School of Public Policy and Management, explained the state South Korea-Australia bilateral ties. WPR: What has been the recent trajectory of South Korea-Australia ties? Jeffrey Robertson: Until recently, there were four features common to every Australia-South Korea diplomatic function. First, the Australian side would reiterate that the relationship has a historical basis, beginning with visits of Australian missionaries to Busan during […]

Since Ukraine regained independence in 1991, analysts have often described the country as divided between a pro-European west and a pro-Russian east. Over the past two decades, elections and opinion polls have reflected that divide, though with some gradual blurring of the line. An interesting feature of the current political crisis, however, is that while pro-European sentiment grips the western and central parts of Ukraine, no alternate pro-Russian narrative has appeared with any force or passion. Like many things, the east-west divide in Ukraine oversimplifies. It is not strictly a divide between ethnic Ukrainians and ethnic Russians. The latter make […]

It is understandable that Japan views China’s “rise” with concern. On the list of Japan’s concerns are China’s rapidly growing military expenditure, its increased economic competitiveness, its geographic proximity to Japan and its historical track record of aggressive territorial assertiveness. The most recent manifestation of the tension between the two great powers was the Chinese declaration of an air defense identification zone in the East China Sea, above the Senkaku Islands claimed by Japan as well as China, which calls them the Diaoyu Islands. From the Japanese perspective, China’s behavior is illegal. But this is not the only area of […]

Much American analysis of the past week’s events in Ukraine has tended to focus on the advisability of removing President Viktor Yanukovych and getting Ukraine to sign an Association Agreement, including a free trade pact, with the European Union. But little attention has been paid to what might happen the day after. This thinking echoes the prevailing line a decade ago during the Orange Revolution, which assumed that everything would be fine once the protesters’ demands were met. Instead, the absence of a coherent, sustained Western approach in the aftermath of the Orange Revolution led to its unraveling. Ukrainian Deputy […]

As the United States moves toward the final negotiation of the Trans-Pacific Partnership (TPP) with 11 other Pacific Rim countries, some in Congress are seeking greater input into the planned trade deal. If successfully concluded, the TPP would reduce trade barriers and harmonize regulations among partner nations, and would be the Obama administration’s biggest step yet in the direction of trade liberalization. Secretary of State John Kerry has been actively promoting the TPP, which is not yet finalized, in recent public statements. “We still need to unlock the full potential for growth in the Asia Pacific,” he said last month, […]