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Asia Unbound

CFR experts give their take on the cutting-edge issues emerging in Asia today.

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Showing posts for "Trade"

Fresh Upheavals in the South Asian Region

by Alyssa Ayres
Birgunj, Nepal: Madhesi protesters block the highway connecting Nepal to India in a general strike against Nepal’s new constitution on November 4, 2015 (Navesh Chitrakar/Reuters).

From the day he assumed office, Indian Prime Minister Narendra Modi made clear his priority on establishing strong ties across the South Asian region. His open invitation to the leaders of all the South Asian countries to attend his inauguration set the tone for a foreign policy focused on building economic ties and regional connectivity, a pragmatic bid to overcome South Asia’s longstanding problem as one of the least economically integrated regions in the world. Initial Indian diplomacy with Bangladesh and Nepal helped deliver gains toward a more consolidated South Asian region, at peace and focused on development and economics. Political change in Sri Lanka ended the divisive Rajapaksa era, one of increased tensions with India, and Colombo’s new government immediately expanded ties—with a strong trade component—with India. The South Asian Area of Regional Cooperation (SAARC) summit in November 2014 resulted in region-wide agreements on transportation connectivity, an important infrastructure step to enhancing economic ties. Read more »

China’s Role in Myanmar’s Dangerous Jade Trade

by Guest Blogger for Elizabeth C. Economy
Jade-trade-11-2-15 A man checks the quality of a jade stone found in the mine dump piled by major mining companies at a jade mine in Hpakant township in Myanmar's Kachin State, January 10, 2010. (Soe Zeya Tun/Reuters)

Gabriel Walker is a research associate in Asia Studies at the Council on Foreign Relations.

In late October, Global Witness released an important report that systematically explored Myanmar’s jade industry, calling it the “biggest natural resource heist in modern history.” The mining and trade of the gem have been catalogued by journalists, photographers, and authors in the past, but most accounts only mention China’s economic role in driving demand for jade. Read more »

Where’s India on the Trans-Pacific Partnership?

by Alyssa Ayres
U.S. President Barack Obama shakes hands with Indian Prime Minister Narendra Modi during their meeting at the United Nations General Assembly in New York on September 28, 2015 (Kevin Lamarque/Reuters).

The United States and eleven other countries have concluded negotiations on the Trans-Pacific Partnership (TPP), a trade pact that will cover 40 percent of global trade spanning Asia and the Pacific Rim, including some Latin American countries. It represents a subset of the countries in the Asia-Pacific Economic Cooperation (APEC) forum, and one can anticipate that other APEC members may elect to join the TPP in the future. While China, the largest economy in Asia, has not been part of the negotiations, it has “welcomed” the agreement. The Japanese prime minister has indicated that Chinese membership in TPP would aid “Asia-Pacific regional stability.” Back in June, President Barack Obama said that Chinese officials had been “putting out feelers” about joining. Read more »

What’s New in the U.S.-India Strategic and Commercial Dialogue

by Alyssa Ayres
U.S. Secretary of State John Kerry participates with Indian Minister of External Affairs Sushma Swaraj (L) and U.S. Commerce Secretary Penny Pritzker (R) at the U.S-India Strategic and Commercial Dialogue plenary session at the State Department in Washington on September 22, 2015 (Gary Cameron/Reuters).

Yesterday U.S. Secretary of State John Kerry and U.S. Secretary of Commerce Penny Pritzker co-convened, with their Indian counterparts External Affairs Minister Sushma Swaraj and Commerce and Industry Minister of State Nirmala Sitharaman, the new U.S.-India Strategic and Commercial Dialogue (S&CD). India and the United States have been convening a strategic dialogue since 2010, so the change this year elevated discussion of economic and commercial issues to the cabinet level alongside the central matters of security and global diplomatic concerns. Read more »

Guest Post: Micron Takeover by Chinese Company Raises Cybersecurity and Regulatory Concerns

by Guest Blogger for Yanzhong Huang
Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at an industrial fair in Frankfurt, Germany, July 14, 2015. China's state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for Micron in what would be the biggest Chinese takeover of a U.S. company. (Reuters/Kai Pfaffenbach)

by Ariella Rotenberg and Peng Di

Ariella Rotenberg is a research associate in U.S. foreign policy at the Council on Foreign Relations. Peng Di, a former intern for the global health program, also contributed to this post.

Just this week, the Obama administration announced publicly that it would retaliate against China for coordinating a cyber attack that resulted in the theft of over twenty million American’s personal information. While attention in the public sphere is currently focused on the administration’s policy reversal, over the course of the past few weeks many technology fiends, finance experts, and cybersecurity analysts turned their attention to the potential buyout of the Boise, Idaho-based Micron Technology Inc. by Chinese company Tsinghua Unigroup. Read more »

Artemisinin’s Rocky Road to Globalization: Part II

by Yanzhong Huang
A health worker checks a blood sample for malaria in the only hospital in Pailin in western Cambodia January 28, 2010. Bordering with Thailand, this former Khmer Rouge stronghold and dusty gem mining town is now better known for a malarial parasite that is worrying health experts in the region. Studies and research show artemisinin-based therapies - currently the most effective treatment against malaria - are taking longer to cure some of the patients. (Damir Sagolj/ Courtesy: Reuters)

In my previous blog post, I described how artemisinin-based drugs were discovered in China in the 1970s and 1980s. Given their potency for the treatment of malaria, one would expect that Chinese made artemisinin-based drugs quickly became the first choice medicine in the global fight against malaria. Much to the chagrin of Chinese scientists and pharmaceutical companies, the World Health Organization (WHO) did not list a single one of China’s antimalarial drugs on its procurement list until 2007.

Read more »

Deglobalization Remains a Powerful Trend

by Joshua Kurlantzick
U.S. President Barack Obama (C) meets with the leaders of the Trans-Pacific Partnership (TPP) countries in Beijing November 10, 2014. Leaders have gathered in Beijing for the Asia Pacific Economic Cooperation (APEC) summit. Obama will also travel to Myanmar and Australia during his week-long trip to Asia. REUTERS/Kevin Lamarque (CHINA - Tags: POLITICS BUSINESS) U.S. President Barack Obama (C) meets with the leaders of the Trans-Pacific Partnership (TPP) countries in Beijing on November 10, 2014 (Kevin Lamarque/Courtesy Reuters).

During a seemingly successful trip to Asia last November, U.S. President Barack Obama announced several breakthroughs. Among them was a promise that the United States and Asian nations would proceed toward the Trans-Pacific Partnership (TPP) free trade deal. Obama and Chinese President Xi Jinping also announced a new climate deal, the first between the two powers, which will commit both the United States and China to significant emissions cuts over the next two decades. Read more »

Talking Trade With India

by Alyssa Ayres
delhi-shopkeeper A shopkeeper speaks on his mobile phone in front of his shop selling iron pipes in the old quarters of Delhi on November 12, 2014 (Anindito Mukherjee/Courtesy: Reuters).

It’s been a good month for trade talks with India. On November 14, U.S. Trade Representative Michael Froman announced that a four-month impasse with India concerning food security and the World Trade Organization (WTO) Bali trade facilitation agreement had been broken. A U.S.-India “agreement on trade faciliation” should at last allow the WTO Bali package to advance. It’s most welcome news, especially since India’s refusal to ratify the Bali agreement back in July had resulted in an existential crisis for the WTO. As Froman stated in his speech to Indian industry,  “Some have suggested that the India-U.S. breakthroughs—in Bali and again two weeks ago—may well have saved the multilateral trading system.” Read more »

India’s Brinkmanship at WTO Hurts It at APEC

by Alyssa Ayres
India's Prime Minister Narendra Modi walks on the red carpet during China's President Xi Jinping's ceremonial reception at the forecourt of India's Rashtrapati Bhavan presidential palace in New Delhi on September 18, 2014. Prime Minister Modi turned down an invitation from Xi to attend this month's APEC meeting in Beijing. (Courtesy Reuters/Ahmad Masood)

The annual APEC summit is underway in Beijing. Perhaps the most notable absentee is India’s Prime Minister Narendra Modi, who received an unprecedented invitation in July from Chinese President Xi Jinping to attend the gathering. Despite growing to become the world’s third largest economy in PPP terms, India is not a member of APEC, and as a result would not normally attend the summit. But this year President Xi used his platform as the summit host to extend invitations to non-members India, Pakistan, and Mongolia. While Pakistan and Mongolia’s leaders made the trip to Beijing for APEC, Prime Minister Modi decided not to do so. It’s a missed opportunity for India’s economic diplomacy at a time it could use a boost. Read more »

What a Republican-Controlled Senate Means for India

by Alyssa Ayres
The dome of the U.S Capitol is seen behind autumn leaves in Washington on November 5, 2014. Republicans rode a wave of voter discontent to seize control of the Senate, dealing a punishing blow to President Barack Obama that will limit his legislative agenda for his last two years in office (Kevin LaMarque/Courtesy: Reuters).

With the midterm elections in the United States decisively giving the Republican Party control of the Senate, and a stronger showing in the Republican-controlled House of Representatives, speculation in Washington now centers on what a Republican Congress means for policy. In The Water’s Edge, CFR’s James M. Lindsay argues that Republican control will change foreign policy, but less than many might think. In Foreign Policy, Bruce E. Stokes argues that a more aggressive foreign policy might be on the offing. In the Financial Times, Shawn Donnan reports that Republicans have already offered up trade as an area for cooperation with the White House. So what does Republican control of Congress suggest for India and the U.S.-India relationship? I’ll focus on the Senate here since leadership transitions will take place in January for every committee. Read more »