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In RealTime posts, PIIE senior staff and colleagues discuss the fast-moving economic news, financial developments, and public policy choices confronting the United States and the world.
Note: This is an excerpt of the forthcoming PIIE Policy Brief Understanding the Trans-Pacific Partnership by Jeffrey J. Schott, Barbara Kotschwar, and Julia Muir. The text of this post was also the basis for the author’s remarks at The Trans-Pacific Partnership and the Future of International Trade event (the webcast of which can be found [...]
The mid-November meeting of the Asia Pacific Economic Cooperation (APEC) forum produced some welcome news for the Trans-Pacific Partnership (TPP), a potential agreement that could clear the way for more trade and investment across the Pacific. Most important, three countries—Canada, Japan, and Mexico—announced that they would explore the possibility of joining the negotiations, which already [...]
On July 24, 2011, Jagdish Bhagwati wrote an op ed essay in the New York Times (“The Wrong Way to Free Trade“) that urged President Obama to press for the completion of the Doha Round of multilateral trade negotiations in the World Trade Organization (WTO) “on the basis of what has been negotiated” in the [...]
Whoever emerges on top of the unfolding political crisis in Egypt, there is little doubt that the country is in need of fresh economic policies as well as fresh leadership. One year ago, we argued in Reengaging Egypt: Options for US-Egypt Economic Relations that the United States should pursue programs that help Egypt "create a better [...]
The North American Leaders’ Summit (NALS) in Guadalajara earlier this week (August 9–10, 2009) dealt with both political and economic challenges facing the three members of the North American Free Trade Agreement (NAFTA)—United States, Canada, and Mexico. The headlines focused on what to do about Honduras, how to prepare for the next wave of the [...]
The leaders of the world’s major economic powers (the so-called G-20 nations), convening in Washington on November 15, plan to discuss the global financial crisis and the need for reform of the international financial system. That seems like a lot to do on a weekend retreat. But in addition, the notables will also be asked to deal with the collateral damage to world trade caused by the financial and economic turmoil.