Trans-Pacific Partnership

Event Recap: Japan's Leadership Role in the International Order

How is Japan navigating changes in global trade and its evolving economic relations with the United States, as well as the domestic expectations for Japan on the international stage? Those were the issues of focus at an event held in collaboration with the Social Science Research Council’s New Voice from Japan initiative, which seeks to introduce young and upcoming scholars in Japan to the world and tries to involve academics in the policy process.

Japan Accelerates Its Hedging Strategy

It is natural for countries to feel anxious when their security depends on the commitments of an ally. This is why a critical part of American foreign policy since the end of the Second World War has been to reassure its allies in Europe and Asia alike that its commitment to their defense was rock-solid. History has also demonstrated that allies, when less certain about Washington’s security guarantee, begin to look elsewhere.

U.S. Trade, North Korea Policies Bring Asia’s Biggest Economies to Table

North Korea continues to dominate the headlines as all eyes are now on Kim Jong-un’s upcoming meeting with President Donald Trump. But while Pyongyang’s overtures to the outside world have repercussions for peace far beyond East Asia, there is also another significant development in the region that has not garnered as much media attention as what is happening in the Korean Peninsula, but is at least as significant for the region in the longer term. 

Southeast Asia’s Balancing Act

It has been said so often that it has become a trope. Broadly speaking, the nations of Southeast Asia do not want to be forced to choose between China and the United States. The logic of this is straightforward–good relations with each great power offers unique benefits, and those in Southeast Asia would prefer to enjoy those benefits without risk or cost. Yet a closer analysis of dynamics in Southeast Asia, especially in the past 12 months, suggests a far more complex–and for the United States, troubling–dynamic is at play.
 

Return of the TPP: Trump Realizing Trade Deal Aligns with Goals on China

Last week, President Trump asked his trade team to look at rejoining the Trans-Pacific Partnership (TPP), now known as the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP). President Trump pulled out of TPP in January 2017, after sharply criticizing it.

By leaving the trade agreement, the U.S. forfeited strategic advantages and economic benefits. It gave up leadership of a group of 11 growing and friendly economies in one of the world’s most dynamic economic regions, where China is asserting its economic prowess.

Death of a Bromance?

As Japanese Prime Minister Shinzo Abe prepares to visit Washington later this month, it’s clear that his upcoming meeting with President Trump won’t be an easy one, to say the least. At his previous meetings with the U.S. president, issues of potential conflict were averted to concentrate instead on the positive relationship. This time around, though, conflict will be inevitable since there will be a number of must-gets by Abe in order for the talks to be deemed as a success.

Pacific Nations Leave the U.S. in the Rear-View Mirror on Trade

The contrast could not be greater: the president of the United States signs an order to impose new tariffs on steel and aluminum, which threatens partners and allies, on the same day that the 11 remaining partners of the Trans-Pacific Partnership (TPP) sign an agreement to expand trade and establish improved rules governing trade.

The Future of Global Trade under CPTPP

On his first day in office, President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership agreement that had been championed by his predecessor.  Just over one year later, the leaders of the eleven countries left behind by this decision gathered in Santiago, Chile to commit to a partnership of their own dubbed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or TPP 11.

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