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looking beyond borders

foreign policy and global economy

Archive for the tag “trade barriers”

America’s Allies Should Stand Up To Its Reckless Trade Policy

Mr Trump’s goals go far beyond tariffs on a few metals. He seeks trade terms that will force supply chains to move to America, damn the economic consequences. For example, the administration wants the North American Free-Trade Agreement (NAFTA) to expire automatically after five years, robbing firms of the certainty they need to invest in Mexico. To roll over on tariffs today would invite further, more damaging assaults tomorrow.

Read Here – The Economist

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America Owes China $1 trillion. That’s A Problem For Beijing, And Trump Knows It

Indeed, the US-China relationship is a classic example of the old saw: if you owe the bank a thousand dollars, you have a problem; if you owe the bank a trillion dollars, the bank has a problem. Trump holds the important cards and it is simply a case of whether he wants to play them.

Read Here – The Guardian

A Trump-Modi Relationship Could Change The Trade World

Trump’s decision to reach out to Modi, which preceded contact with the head of any major European nation, is significant. It’s hardly surprising that the two are simpatico. They come at each other on equal terms—as unrepentant patriots and guardians of economic national interest.

Read Here – The National Interest

Could Market Economy Status For China Spell Disaster For Europe?

China gaining market economy status is a cause for concern within the EU. Ultimately, though, it is for Europe and its WTO partners to ensure that this status comes as part of a negotiated deal to protect against unfair dumping practices.

Read Here – EuropeanCEO

Pakistan’s Opportunity

Trade is not a cure-all for grinding poverty, but a free-trade deal between Pakistan and India would help foster economic growth and regional peace. And the political timing has never been better. Pakistan‘s new Prime Minister, Nawaz Sharif, should seize the moment.

Read Here – Christian Science Monitor

After Vote, Pakistan’s Strongest Ally Should Be India

Whichever party takes power in Islamabad will almost certainly have to cobble together a coalition to rule. The new government will inherit a looming foreign-exchange crisis, hours-long blackouts that have provoked street riots, and overlapping insurgencies and sectarian wars that have claimed thousands of lives. Though army chief Ashfaq Parvez Kayani has resisted the temptation to restore military rule, he will retire soon. His successors may not be so restrained.

None of Pakistan’s ills has a quick fix. But one key decision would immediately help jump-start the economy, lower regional tensions and reduce the army’s influence in politics: lifting long-standing barriers to trade with India.

Read Here – Bloomberg

How Have Trade Patterns Changed in Favour of China

China‘s positive economic influence has been surging in surrounding countries over the past five years, as the nation overtook the United States to become the largest trading partner of 124 economies by 2011. The number was only 70 in 2006.

The US may not be as thrilled. The country has seen a sharp decrease in trading partners during the same period, from 127 to 76.

China now boasts the world’s biggest exporter and second-largest importer, with its foreign trade growing 6.2 percent year-on-year to hit $3.867 trillion in 2012. Among that, exports to the EU, China’s biggest trading partner, reached $333.99 billion, down 6.2 percent from a year earlier, while imports from the bloc edged up 0.4 percent to $212.05 billion.

Read Here – China Daily

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