On March 23 in Hanoi, South Korean President Moon Jae-in and his Vietnamese counterpart, Tran Dai Quang, announced plans to rapidly increase trade between their two countries from more than $60 billion today to $100 billion by 2020. Bilateral trade has been growing quickly since South Korea and Vietnam signed a free trade deal in 2015, building on economic ties formed after diplomatic relations were established in 1992. In an email interview, Lee Jaehyon, a research fellow and director of the Center for ASEAN and Oceania Studies at the Asan Institute for Policy Studies, discusses South Korea and Vietnam’s deepening [...]
Earlier this month, Australia hosted its first special summit with the Association of Southeast Asian Nations, the 10-member regional bloc known as ASEAN. While it is not a member, Australia has developed a close working relationship with the group. Amid discussions in Sydney focused on regional security and trade issues, Australian Prime Minister Malcolm Turnbull hailed ASEAN as a “strategic convener.” The two sides also unveiled a joint infrastructure initiative that looks to provide a potential alternative to China’s huge Belt and Road Initiative. In an email interview, Evan Laksmana, a senior researcher at the Centre for Strategic and International [...]
TOKYO, Japan—Just when Japanese Prime Minister Shinzo Abe believed he had put the relationship with his unpredictable American counterpart on a solid footing, U.S. President Donald Trump threw two curveballs into the mix. The first was Trump’s snap decision to meet with North Korean dictator Kim Jong Un, after months of holding to a hard-line approach backed by Japan. The second was the administration’s announcement that it would impose steep tariffs on metal imports, a measure that was notionally targeted at China but could also harm several allies, including Japan, unless they are able to win exemptions. So far, Japan [...]
