ISDS Case Map
geopolitics
US National Security Advisor promoted a ‘new Washington consensus’ in a speech, which fits very well in the current debate in Brussels on economic and trade policy.
A trade relationship between India and the European Union holds the potential to significantly reshape the global economic order, but the two entities need to find common ground on various issues first.
The US policies in global trade appear somewhat like “old wine in new bottles,” with some semantic sophistry. It appears that “the more things change the more they remain the same” as regards the new forms of colonialism.
Honduras told Taiwan it is ending their bilateral free trade agreement, effective from the end of 2023.
Without substantial new access to the US market or other trade privileges on offer, there's little incentive for partner countries to make big commitments themselves.
Honduras' President Xiomara Castro is on a six-day official visit to China. She launched diplomatic relations with Beijing after cutting ties with Taiwan. The country is also seeking support from China to mitigate its debt burden.
The still not yet ratified EU-Mercosur trade deal could be among the main keys to the rapprochement of like-minded democratic states as it would “make it clear that democracies when they work together, can solve global challenges,” said German Foreign Minister.
The EU will prioritise concluding a long-delayed trade deal with South America’s Mercosur bloc and closer institutional cooperation as it seeks new allies to reduce economic dependencies on China and counter Russia.
While the Liberals insist a Pacific Rim trade bloc should welcome any country that meets its standards, an internal document suggests Prime Minister Justin Trudeau wants China kept out of the deal.
It is the first agreement under a framework for talks between Washington and Taipei called the US-Taiwan Initiative on 21st Century Trade.
