China’s expansion in Latin America of its Belt and Road initiative to build ports and other trade-related facilities is stirring alarm in Washington over Beijing’s ambitions in a region that American leaders since the 19th century have seen as off-limits to other powers.
Now that the Trump administration has revamped the North American Free Trade Agreement, it is taking a look at kicking key countries out of its sister pact, the Central American Free Trade Agreement.
The US-Africa Strategy seeks to re-position the US and bring it to par with China and Russia.
Indonesia could delay signing a planned free trade deal with Australia if Prime Minister Scott Morrison formally recognises Jerusalem as Israel’s capital, political analysts suggest, as the move would provoke deep anger in the lead up to the Muslim nation’s presidential election.
Mauritius is the first African country that launched the FTA negotiations with China; MoU over the Belt and Road Initiatives is under negotiation.
Trade negotiations have been increasingly used as a political tool.
India is hopeful that a bilateral trade agreement with the country could open the doors wider to the entire continent.
In an accentuated anti-immigrant context of clear criminalization of Central Americans and Mexicans without migratory documents in their attempt to enter the US, measures on the separation of thousands of families (most of them from Central America) are the new face of the racist nationalism of the American government and its current president.
China’s preferred model of free trade has already won a favoured position in developing countries vis-a-vis the US model.
Worried about the future of global trade, the European Union is seeking to negotiate as many free trade agreements as it can.
The revived TPP 11 operates as a significant alternative to China’s approach, embodied in the Belt and Road Initiative.
An EU-Azerbaijan trade and political agreement will be ready for ratification in 2019, says Javanshir Feyziyev, co-chair of the EU-Azerbaijan Parliamentary Cooperation Committee.
The rise of China in the Indo-Pacific has also challenged the long-standing dominance of US in Asia. Therefore, political uncertainty in the US, rapid economic growth, China’s Belt and Road Initiative and its growing assertiveness, and erosion of ASEAN unity – among others – has compelled India to step up its contribution to a region that is also of vital economic interest to India.
With Singapore as chair of the regional bloc this year, China has an advantage as the focus shifts from geopolitics to trade and investment.
Forced migrants, refugees and deportees are an irrefutable and undeniable example of the world as a chronically unequal and structurally inequitable scenario. In the era of globalization, human rights are not met or respected.
EU’s lead trade negotiator said the agreement would serve a “strategic” purpose by creating a “circle” of allies to remove barriers
Argentina’s ambassador to Beijing defends China’s global ambitions as he signals Latin American common market is keen to strengthen economic ties.
Tokyo has some work to do to convince the region its strategy is not designed to contain China.
India has joined hands with Japan and United States to build infrastructure for promoting connectivity in Indo-Pacific region, ostensibly to counter the Belt and Road initiative of China.
The US Trade Representative (USTR) has looked that having a free trade agreement with the Philippines is a reasonable first step in their strategy in the Asia Pacific region.