Minilateralism by Chris Brummer – a book on finance, trade and monetary diplomacy
Chris Brummer shares How Trade Alliances, Soft Law and Financial Engineering are Redefining Economic Statecraft
Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Although the US is opening the door to TPP, joining the accord now will take time. Analysis of some of the challenges is here.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
With consultations progressing slowly, some commentators are noting the possibility that NAFTA negotiations could drift into 2019. Under such a scenario, a statement of principles would only be available after Mexico’s presidential elections. One surprising possibility is, as Chris Brummer noted on hedged positions and twitter, that the United States may not need to explain its rationale for dumping NAFTA if Mexico does it first.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
The 11 members of the Trans-Pacific Partnership will sign a new pact without the United States on March 8 in Chile after overcoming differences on outstanding issues, including a request by Canada on cultural protection, Japan’s TTP minister announced.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Canada’s minister of international trade has noted that the government intends to be “constructive” and “innovative” as the North American Free Trade Agreement renegotiations resume in Montreal. The Financial Post reports that Canada’s major issues include the dispute settlement mechanism and supply management.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Christopher Bedoor argues in the New York Times that China’s stockpiles of U.S. Treasuries makes a trade war with the United States improbable.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
An important development in North American trade matters not involving NAFTA happened this week. According to Reuters, Canada launched a complaint against the US last week, challenging Washington’s use of anti-dumping and anti-subsidy duties. Nearly 200 examples of alleged U.S. wrongdoing were reportedly alleged, though interestingly, the examples did not concern China, but other trading partners including China, India, Brazil and the European Union.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
US News and World Report has noted that the US trade deficit has grown to six year highs. As Chris Brummer notes on his blog, hedged positions, the deficit comes despite a weaker dollar and a turn away from regional and multilateral dealmaking.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
According to Zoellick, the former head of the WTO, even bilateral dealmaking is at risk because partners are not interested in negotiating with the United States. The story is here.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
After months of speculation, reports are emerging that the UK is in talks to join the Trans-Pacific Partnership to stimulate exports after leaving the European Union. A link to the story, along with analysis here.
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