ISDS Case Map
geopolitics
Japan and New Zealand to work toward expanding the existing 11-member trans-Pacific partnership free trade pact as they seek further economic and regional integration in the Indo-Pacific.
While there are clearly roadblocks to an agreement, there are also tailwinds -- tailwinds that might never be stronger than they are right now.
High growth has granted the country global relevance but others may not support us if they don’t see an economic upside.
A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade.
It’s a good guess that the new global economic system will give overt political considerations greater weight than its predecessor. Countries will link trade benefits and penalties to their political agendas.
If the U.S.-China trade war continues or worsens ASEAN countries will also experience a bumpy ride.
Japan imposed export restrictions on three key chemical materials upon which South Korea is highly dependent for the production of semiconductors. With other actions, that were viewed by South Korea as a “declaration of economic war”.
Tensions between Japan and South Korea have been escalating since July 1. Japan has since placed restrictions on three chemicals critical to South Korea's tech industry. Uncertainty exists within ongoing negotiations for the Regional Comprehensive Economic Partnership (RCEP).
As the US and Japan intensify trade negotiations, the push for a quick “mini-deal” on agriculture and autos will have far-reaching impact.
While India has tactfully used the platform to diplomatically isolate Pakistan, it must also tap into BIMSTEC's immense potential for development, connectivity and trade in the region.
