Category: Asia-Pacific Trade Insights
The Asia-Pacific Circle publishes timely Asia-Pacific Insights and Thought Leadership, in good business intelligence. This page regroups the thinking of the Circle’s contributors related to global and Asia-Pacific Trade. From local pro-business or interventionist policies to free trade negotiations and leadership – not to forget our China-United States insights – our experts’ Asia-Pacific Trade Insights aim at connecting the dots.
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Asia-Pacific Insights: Japan - EU relations | The EU-Japan Economic Partnership Agreement (JEEPA) represents an important opportunity from a business and trade leadership perspective. On the business side of things, Japan and the European Union are historical trading partners. Hence, the Economic Partnership Agreement represents a significant opportunity for both countries to keep progressing... together. On the trade diplomacy perspective, the JEEPA also sends an important leadership signal. Global free trade dynamics have been altered and sided away since late 2016 and the arrival to power of President Trump. The withdrawal of the United States from the TPP agreement, indeed, had slowed the trade dynamics globally. With the JEEPA, however
Japan - Europe free trade insights: The Japan EU free trade agreement (JEEPA) is a fairly comprehensive agreement which answers the most pressing issues in international trade and investment regulation. From a facilitation perspective, the agreement contains the typical provisions on the market. Note, for instance, that the scope of application is very broad and tends to prohibit "any duty or charge of any kind". Otherwise, the agreement facilitates trade in services, trade in financial services, investment and e-commerce whilst ensuring fair competition and intellectual property rights preservation. At the same time, the agreement does not only open free trade, it also preserves some regulatory room to Japan and the …
Asia-Pacific Trade Insights: Expert Soo-Hyun Lee (Asan Institute, Seoul) comments on the impact of the expiration of the South Korean Corporate Restructuring Promotion Act. While the act has helped major companies restructure in times of economic duress for the past twenty years, it has expired in late June 2018, thus leaving South Korea's giants without a much-needed support. Asking what ought to be the Korean Government’s economic role (i.e. letting things happen or supporting businesses in difficult times), Soo-Hyun Lee writes that Seoul cannot let go of the Act. Keep reading for more.
Asia-Pacific Insight: Soo-Hyun Lee (Asan Institute, Seoul) discusses the recent interventionist policies of the governments of South Korea and Japan. From banks to shipyards and technology industries, Japan and Korea have stepped into the business realm at multiple occasions in the name of the public interest. Yet, questions remain as to what are the consequences of these policies on the two countries' domestic investment climates. From an international legal point of view, Lee concludes, the legitimacy of a government intervention ultimately depends on procedural fairness. South Korea and Japan need to proceed with care: without procedural fairness, public interventions can easily shift matters of public interest into bad business and investment climates.
US - China Trade Insights: Antoine Martin and Professor Bryan Mercurio (The Chinese University of Hong Kong) discuss China - United States relations in light of recent trade developments. With the announcement of new tariffs against Chinese steel and Aluminum, President Trump has forced President Xi to react. This analysis of the'trade war' developments leads to the conclusion that the political game is changing. On the one hand, the U.S. is turning nationalistic and protectionist, even if it harms itself in the process. On the other, China is reversing the usual rhetoric and positioning itself as the god international citizen who plays by the rules. Keep reading for more.
Trade Research: 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
Asia-Pacific Insights; Protectionism, elections, territorial stakes, foreign policy has become an increasingly relevant theme lately. In 2017, in fact, the global political economy as we know it will change. Foreign policies will be altered
China - US Relations: Antoine Martin analyzes Mr Trump's TPP and Trade policy, arguing that the 'America Great Again' idea will sooner than later give China a significant leadership role
We are living in troubled times. The British are paving their way out of the EU (trying, anyway), the major agreements which were once expected to foster growth between the United States, Europe, the Asia Pacific or Canada are seriously compromised. Trade has shifted from policy goal to political incorrectness. Let's face it
Globalization has become a major topic over the last decades and years. The issue is broad, ranging from policymaking to legal and financial, not to forget politics and politicisation.
US - China Relations: Antoine Martin comments on the Agreement reached by the United States and China on China's steel overcapacity, and says that little change is to be expected
Asia-Pacific Trade Insights: Antoine Martin comments on recent regional developments pertaining to trade negotiations in a tense APEC, TPP and FTAAP context
There are many comments at the moment on whether China has a 'market economy status' or a 'non-market economy status'. Discussing whether China is a market economy may seem odd when taking a public debate perspective because, obviously, the country and its powerful economic policies leave no real doubt as to how
Two years after Bali, the 10th WTO Ministerial Conference is taking place in Nairobi from December 15th to December 18th. Yet, the Conference’s Goals are not seen as ambitious and, despite the long known failure of the Doha Round negotiations, some of its remains seem to persist. For better or worse
Part of the political economy challenges ahead is the evolution of trade liberalization negotiations in the Asia-Pacific region. In a comment dated June 2014, Jayant Menon (Lead Economist at the Asian Development Bank’s Office of Regional Economic Integration) actually presented a rather interesting snapshot of Asia-Pacific trade negotiations