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 Latin America Willing to Finish TPP without Trump? 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 …
Continue reading “Latin America Goes Around Trump On Trans-Pacific Partnership?”
CHRIS BRUMMER Professor of Law : Georgetown University, and Director, Institute of International Economic Law Trump to end NAFTA? 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. …
CHRIS BRUMMER Professor of Law : Georgetown University, and Director, Institute of International Economic Law Trade War Looms Because of Missile Test? 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 …
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 …
Continue reading “EU, Japan bilateral agreement is near to minilateralism”
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 …
Continue reading “United Kingdom Plans Free Trade Continuation with Poor Countries”
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.