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
Reuters reports that the difficulties stem from a U.S. proposal to raise the minimum threshold for autos to 85 percent North American content from 62.5 percent, and to require half of vehicle content to be from the United States.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
The TPP is poised to move along, without the United States. CNN’s analysis is here.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Randal Quarles is seen by European central bankers as somebody who could help break the deadlock on global capital rules. Regulators were close to a deal in Santiago, Chile over a year ago. But Trump has leaned against global agreements since his campaign. Why are central bankers optimistic?
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
The United States, Mexico and Canada are gearing up to re-negotiate NAFTA. President Trump is calling for a smaller trade deficit (the trade deficit from the U.S. to Mexico is $64 Billion).
Mexico relies heavily on the U.S. because 80% of its exports are sold to the United States. Mexico’s economy minister argues if NAFTA is abandoned, the U.S. trade deficit could rise even higher.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Top trade negotiator Robert Lighthizer softens stance with initial threats to pull the United States out of its trade pact with South Korea, reportedly in the wake of loud opposition from Congress, farmers and business people. Frictions, however, persist.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Chris Brummer interviews David Cohen – Former Under Secretary for Terrorism & Financial Intelligence, Obama Administration, and Former CIA Deputy Director 2015 – 2017.
In a wide ranging conversation on Russia, North Korean and Venezuelan sanctions, David Cohen speaks with IIEL Faculty Director and Georgetown Law professor about US sanctions strategy in both Obama and Trump administrations for CSPAN. In the discussions Mr. Cohen discusses bilateral sanctions, and how sanctions approaches can be multilateralized.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
In regards to the TPP, Trump fulfilled one of his campaign promises right out of the gate by withdrawing the U.S. from the Trans-Pacific Partnership. Trump has long maintained his stance against multilateral trading agreements.
He’s been in favor of bilateral trade agreements. And maybe even minilateralism.
However, multiple Latin American countries are potentially in favor of the TPP, even without the United States, though not all.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
A number of experts on both sides of the aisle agree something needs to be done about NAFTA. Even Canadian and Mexican representatives believe NAFTA deserves to be updated.
Trump railed against NAFTA during his campaign. He sees it as the United States being taken advantage of but doesn’t commit that he’s made up his mind to disband it yet.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
One expert, Kevin Rudd, the former Prime Minister of Australia, believes this North Korean missile test represents a major provocation to the Trump administration.
Yet he also predicts that sanctions on China, one of North Korea’s few allies, could impact, Australia’s economy perhaps severely.
Read the full story here.
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Professor of Law : Georgetown University, and Director, Institute of International Economic Law
Minilateralism deals with a limited number of participants and with specific issues. Bilateral agreements are usually more sweeping… of course between two countries instead of multiple countries/parties.
See what Chris Brummer has to say about the EU, Japan bilateral agreement.
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