Trade Archive

U.S. President Donald Trump, in words and action, favors bilateral relations as the cornerstone of his foreign policy. Special ties to some key countries and leaders will always be important, but his approach is downplaying the value of regional systems and multilateralism, and of their institutions. As a result, it will fall short in protecting American interests in an age of redistributed power and transnational threats. In his first month in office, Trump has held bilateral meetings with the leaders of the U.K., Canada, Japan and Israel, while having one with Mexico’s president canceled. Watching his strangely aggressive handshakes and […]

On May 19, Iranians will go to the polls to choose their president for the 12th time since the Islamic Republic was established in 1979. The incumbent, President Hassan Rouhani, will almost certainly be one of the contenders, once Iran’s powerful Guardian Council confirms his candidacy. The upcoming elections will inevitably be a referendum, in part, on Rouhani’s track record, especially his promise to open up Iran’s economy after the nuclear agreement that lifted international sanctions. Unlike the American system, with its excruciatingly long election seasons, the official Iranian election calendar is deliberately short. The week-long official registration of candidates […]

When then-President Bill Clinton signed the North American Free Trade Agreement in a White House ceremony in December 1993, he called it “a defining moment” for the United States and praised Mexico and Canada as “our partners in the future that we are trying to make together.” All three countries had made what then seemed like an irreversible decision to marry their economic futures. Yet today, less than a quarter-century later, those bonds are badly fraying. The new U.S. president, Donald Trump, wants to renegotiate NAFTA, which he has called “the worst trade deal in history.” Mexican President Enrique Pena […]

Earlier this month, Japanese Foreign Minister Fumio Kishida and visiting Israeli Finance Minister Moshe Kahlon signed an agreement that makes it easier for Japanese businesses to invest in Israeli cyber-technology firms. In an email interview, Emanuel Shahaf, CEO of Technology Asia Consulting, discusses Israel’s ties with Japan. WPR: What are the main areas of cooperation between Japan and Israel, and how extensive are bilateral ties? Emanuel Shahaf: Relations between Israel and Japan are developing in the wake of Israel’s pivot to Asia and, in particular, in response to the considerable development of relations between Israel and China. Israel’s relations with […]

Last month, the Indian government approved plans to move forward with talks for a free trade agreement with Peru, which would be India’s first free trade agreement in Latin America. In an email interview, Hari Seshasayee, a Latin America analyst at the Confederation of Indian Industry, discusses India’s ties across Latin America. WPR: Who are India’s main partners in Latin America, and what are the main areas of cooperation? Hari Seshasayee: India and Latin America cooperate in six main areas: energy, mining, automobiles, pharmaceuticals, information technology and agriculture. Three of these sectors-energy, mining and agriculture-are focused primarily on commodities. Venezuela, […]

The Trump administration has signaled that it is likely to scale back traditional U.S. development assistance programs in sub-Saharan Africa and favor more commercial engagement with the continent. That shift was evident in a four-page list of questions distributed to the State Department last month before Donald Trump’s inauguration. The questions relayed skepticism from the Trump transition team about some U.S. aid programs and security policies in Africa, while asking, for example, “How does U.S. business compete with other nations in Africa? Are we losing out to the Chinese?” Paradoxically, such a shift could be healthy for America’s relationship with […]

Last week, when tensions between U.S. President Donald Trump and his Mexican counterpart, Enrique Pena Nieto, boiled over, Latin American leaders followed the news with great interest. As they strategized about the way forward under the new U.S. administration, the signals from Washington confirmed their fears that the Trump administration will unleash new headwinds for a region where many countries are facing mounting difficulties. The spectacle of watching a fellow Latin American nation berated and, in many people’s opinion, insulted by the man in the White House produced a wave of diplomatic reactions. But more than anything, it spurred a […]