Wednesday, April 30

Global Trade

China, France Strengthen Trade, Economic Ties
12Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Diplomacy, Foreign Aid, International Development, Global Trade, Globalization, Global Disintegration, Types of News: Brief

China, France Strengthen Trade, Economic Ties

French President Emmanuel Macron wrapped up a three-day state visit to China this week, strengthening the European Union's economic ties to Asia. Macron and Chinese President Xi Jinping vowed to open their economies to trade and investment and strengthen the global economic governance system. It was Macron's first state visit to China since becoming president, and he pledged to return each year to foster face-to-face diplomacy. As a symbol of friendship, Macron gifted Chinese President Xi Jinping with a prized horse named Vésuve de Brekka, who had served the French Republican Guard. It was in the fashion of China's "panda diplomacy" of gifting its pandas to countries around the world, including France. Trade and Investment China is France's seventh largest export market. China acc...
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U.S. Congress Gives President Authority to Negotiate Trade Deals
24Jun By Patti MohrNo Comments
Global Trade, United States

U.S. Congress Gives President Authority to Negotiate Trade Deals

Not since 2007 has a U.S. president had authority to negotiate trade deals with other nations on behalf of the country. The authority, known as "fast-track" because it will allow the executive branch to hammer out the details of a trade deal and send the bill to Congress for an up-or-down vote, expired in 2007. Today President Obama achieved a major breakthrough in restoring that authority to the Executive branch. The Senate voted 60-38 on a bill to grant the president Trade Promotion Authority. The House voted 218-208 a week earlier. The bill faced major political and procedural hurdles in both branches of Congress. H.R. 2146 spells out trade priorities for the United States and establishes rules for Congress to consider trade agreements. Once President Obama signs the bill, he'll set ...
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ONE VIEW: Global Collaboration to Grow as Transport Decreases
1May By Patti MohrNo Comments
Global Economics, Global Trade

ONE VIEW: Global Collaboration to Grow as Transport Decreases

In a Wall Street Journal article "The Future of Global Trade," Atlantic Council Chairman Jon Huntsman predicts radical changes ahead for the way the world does business. They include more complex global governance, automation of high-tech work and greater cross-border collaboration on ideas. A few of his points: Long-distance trade in manufacturing and agriculture will decline due to the rise of 3D and 4D printing and urban farming, which localize production. Meanwhile, international cooperation in the free flow of ideas will increase, making regulation, ownership of ideas and governing more difficult. The New Development Bank and the Asian Infrastructure Investment Bank may gain more influence over global trade, lessening the role of the World Trade Organization as arbiter and ...
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Foreign Policy: Disagreements on Dealing with Iran
6Mar By Patti MohrNo Comments
Energy Policy, Oil & Gas, Global Trade, Sanctions, Types of News: Analysis

Foreign Policy: Disagreements on Dealing with Iran

In a bold and unprecedented act, the Republican-led Congress hosted an address by Israeli Prime Minister Benjamin Netanyahu in which he urged Washington to back away from talks with Iran on nuclear proliferation and keep sanctions in place. The speech by the Israeli Prime Minister was unprecedented because it used the institution of the U.S. Congress to undermine diplomatic negotiations of the White House. The United States is one of six countries—the other five countries are China, France, Germany, Russia, and the United Kingdom—negotiating with Iran to freeze its nuclear program in exchange for relief from sanctions. The talks face a checkpoint deadline at the end of this month. Although some diplomats have expressed progress in the effort to halt Iran's nuclear weapons program, Netany...
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