Professor of Law : Georgetown University, and Director,
Institute of International Economic Law
CHRIS BRUMMER Professor of Law : Georgetown University, and Director, Institute of International Economic Law EU, Japan, Close to Inking Bilateral Trade Agreement 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 …
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CHRIS BRUMMER Professor of Law : Georgetown University, and Director, Institute of International Economic Law UK to Maintain Free Trade with Poorest Countries after Brexit The UK’s policy is a break from the trade policy likely to be pursued by the United States. Of course, whether the tariffs talked about in the U.S. actually get …
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China is a global powerhouse and the second largest economy. They saw tremendous growth in GDP again in June. Their premier and official position is they’re confident in continued economic growth. They’re also confident they can handle and manage any financial risks to the renminbi.
Will the work that went into negotiating the Trans-Pacific Partnership (TPP) go to waste?
The agreement cannot come into force unless ratified within two years by economies that constitute 85 per cent of the total GDP of the 12 members.
Most of the agreements involve trade and regulatory coordination. But the big idea, as I’ve noted elsewhere, is that even as bilateralism appears to be on the rise in systemically important countries, it is far from easy to operationalize.
At last month’s meeting of Asia-Pacific states, US officials reiterated one of the less noticed positions of the 2016 Presidential campaign: we’re willing to talk trade with pretty much anyone, but only bilaterally. Regional deals aren’t really in the cards.