Protectionism has become a trendy word recently and appears to be on the rise in various parts of the world. Starting with the United States. In reality, complex negotiations have eroded trade leadership at the WTO level and the trade policy dynamics in Washington and Brussels seem significantly compromised. The Asia-Pacific, as a result, might attract more and more interest from a political leadership and business perspective.
Protectionism on the Rise, What impacts for Business in the Asia-Pacific?
Quarterly Research Report 2017-#2
Protectionism is on the rise. With President Trump’s arrival to power and after months of political campaigning in the United States praising ‘America First’ policies, the idea of protecting domestic markets from globalization has gained credit to many. Similar ideals are now being defended in Europe and, overall, the issue of industrial preservation is a major discussion topic which creates tensions between the biggest economies.
Protectionism is far from being a new concept. Policies aimed at preserving domestic markets from external competition and pressure have been put into place and relied upon for years, at various levels.
At the international level, protectionism has been a focus point for decades and, over the past sixteen years, has created many policy and regulatory deadlocks. At the regional and domestic levels, unsurprisingly, the necessity to preserve markets for external pressures has also long been a reality.
The Asia-Pacific Circle’s Report
This report focuses on the potential impacts of protectionist trends on the Asia-Pacific, and we consider the idea that forthcoming developments might perhaps have some unexpected outcomes.
As far as the Asia-Pacific region is concerned, in particular, protectionism, as it is currently developing, might indeed be a chance. While change will in reality require a significant amount of time to materialize from a legal point of view, the region has already started to rise in terms of trade diplomacy and might gain significantly on the global political leadership side of things in the medium run. Economically, the region will sooner or later benefit from this change in trade dynamics. To be continued…
THE ASIA-PACIFIC CIRCLE’S QUARTERLY REPORT 2017 #2 IS AVAILABLE BELOW
Report realized with the support of our thought leadership-committed partner, Braumiller Law Group, PLLC:
With offices in the U.S. and Mexico, Braumiller Law Group, PLLC, is a highly respected law firm focused on international trade compliance and proven strategies to optimize global trade business practices. The attorneys and trade advisors of Braumiller Law Group know exactly how to navigate the intricate maze of global trade regulations, and they have a successful track record for helping clients save millions of dollars in compliance penalties. These clients also leverage the expertise and experience of the Braumiller Law Group team to ensure that their global trade operations are legally structured to maximize efficiency and profitability.
THE ASIA-PACIFIC CIRCLE QUARTERLY REPORT 2017 #2
Protectionism on the Rise: What Impacts for Business in the Asia-Pacific?Protectionism(Quarterly Research Report 2017#2 by The Asia-Pacific Circle -May, 2017)
Perma link: https://www.asiapacificcircle.org/single-post/2017/05/05/Protectionism-on-the-Rise-What-impacts-for-Business-in-the-Asia-Pacific
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