Political advantage through aid or trade: India’s knee jerk on Malaysia and Turkey

For years, China, Brunei, Taiwan, Malaysia, Philippines, and Vietnam have contested overlapping claims to hundreds of coral reefs, features, and islets in the South China Sea. China’s man-made islands fortified with airstrips, anti cruise missiles, control towers, naval bases has allowed it to assert its sovereignty vigorously and poised it to seize greater control of the sea. As it’s economic and military position bolstered, it resorted to bullying its small neighbors by illicitly entering their territorial waters or by hindering their oil and gas explorations in the disputed waters. China…

Australia, Indonesia move to implement trade deal as Jokowi visits, Australia/NZ News & Top Stories

SYDNEY (AFP) – Australia and Indonesia announced a 100-day plan on Monday (Feb 10) to implement a long-awaited trade deal, as the two countries hailed a “new beginning” for their sometimes troubled relationship. The two G-20 economies hope to deepen trade currently worth a modest US$12 billion (S$17 billion) a year, in a region increasingly dominated by China’s economic and military might. Addressing Australia’s Parliament on a landmark state visit, President Joko Widodo cast the two nations as would-be “Avengers” – “forces of good” uniting to defeat a “common enemy”…

The U.S.-China Trade War Has Vietnam in the Crosshairs | 2020-02-04

Quach Ngoc Thien should be basking in good times. His fabric-dyeing company is woven tightly into the global garment supply chain. Located in bustling Ho Chi Minh City, Hong Le Trading Co. is emblematic of the promise of a rising Vietnam, which enjoys one of the world’s fastest-growing economies. And now it’s expanding, creating a unit to produce fabric to be turned into T-shirts and dresses for Walmart, Nordstrom, and other U.S. retailers. Yet Thien sleeps fitfully. Every morning he reaches for his iPhone to scan news from faraway capitals…

The U.S.-China Trade War Has Vietnam in the Crosshairs

(Bloomberg Markets) — Quach Ngoc Thien should be basking in good times. His fabric-dyeing company is woven tightly into the global garment supply chain. Located in bustling Ho Chi Minh City, Hong Le Trading Co. is emblematic of the promise of a rising Vietnam, which enjoys one of the world’s fastest-growing economies. And now it’s expanding, creating a unit to produce fabric to be turned into T-shirts and dresses for Walmart, Nordstrom, and other U.S. retailers. Yet Thien sleeps fitfully. Every morning he reaches for his iPhone to scan news…

Future U.S.-UK trade deal needs labor, climate protections, enforcement -U.S. lawmaker

WASHINGTON, Jan 31 (Reuters) – A future U.S.-UK trade agreement must incorporate strong provisions on worker rights, environmental protection, and enforcement to ensure bipartisan support, U.S. House Ways and Means Committee Chairman Richard Neal said on Friday. Neal, a Massachusetts Democrat, said many important questions need to be resolved, and he expected to work closely with U.S. Trade Representative Robert Lighthizer in forging a new U.S.-UK trade deal after Britain’s exit from the European Union later on Friday. He said the new trade deal also needed to preserve the freedom…

US-China trade deal: A win-win for the US and President Trump, not for China; Here’s why

. China’s subsidies earmarked for state-owned enterprises (SOEs), domestic companies and stringent requirements on intellectual property are likely to be covered under ‘phase two’ of the deal. The last 18 months of trade stasis between US-China concluded with an 86-page agreement— ‘phase one’ trade deal covering agreements on intellectual property, currency and China’s commitment to buy $200bn US goods for the next two years. In lieu of the US rolling back 15% duties on $160bn Chinese goods and halving duties on $120bn. The US Treasury Department has also struck China…

Opinion: U.S., China are going rogue on trade deal

U.S. President Donald Trump, seen here with China’s President Xi Jinping on Nov. 9, 2017, has cheered the U.S.-China Phase 1 trade deal on twitter. Thomas Peter/The Canadian Press Lawrence Herman, a former Canadian diplomat, is counsel at Herman & Associates and senior fellow of the C.D. Howe Institute in Toronto International business breathed a sigh of relief with the signing on Jan. 15 of the U.S.-China Phase 1 trade deal. Markets reacted with typical exuberance, overlooking the fact this is an armistice, not a peace treaty. But even a…

U.S. and China Sign “Phase One” Trade Deal but Leave Key Issues Unresolved

U.S. and China Sign “Phase One” Trade Deal but Leave Key Issues Unresolved  On Jan. 15, the United States and China signed a “phase one” trade deal that the Trump administration says will provide safeguards for intellectual property, boost sales of U.S. goods and services in China, and provide greater access to the Chinese market for U.S. companies. While the president praised the deal as a “momentous” step, critics have noted that the deal leaves largely untouched key issues concerning the structure of the Chinese economy. In a 2018 report, the Office of the United States…