CFR Presents

Renewing America

Ideas and initiatives for rebuilding American economic strength.

Posts by Category

Showing posts for "International Trade and Investment"

How Obama’s NSA Reforms Could Help TTIP

by Guest Blogger for Edward Alden
A mobile phone simulating a call to German Chancellor Angela Merkel next to a tablet computer showing the logo of the United Staes' National Security Agency (NSA) is seen in this multiple exposure picture illustration (Kai Pfaffenbach/Courtesy Reuters). A mobile phone simulating a call to German Chancellor Angela Merkel next to a tablet computer showing the logo of the United Staes' National Security Agency (NSA) is seen in this multiple exposure picture illustration (Kai Pfaffenbach/Courtesy Reuters).

This is a guest post by Robert Maxim, research associate, competitiveness and foreign policy, for the Council on Foreign Relations Studies program.

On Friday President Obama will unveil his plan to curb the surveillance practices of the National Security Agency (NSA). When he does, he could inadvertently give a boost to the ambitious U.S.-European Union free trade negotiations. Read more »

With TPP and TTIP, U.S. and EU Reassert Control Over Rules of Global Trade

by Edward Alden
U.S. President Barack Obama listens as European Commission President Jose Manuel Barroso speaks after an economic summit at the White House in Washington (Kevin Lamarque/Courtesy Reuters). U.S. President Barack Obama listens as European Commission President Jose Manuel Barroso speaks after an economic summit at the White House in Washington (Kevin Lamarque/Courtesy Reuters).

Never again. That was the sentiment I remember hearing over and over from developing country officials following the tumultuous completion of the Uruguay Round negotiations in 1993 that led to the creation of the World Trade Organization (WTO) two years later. Once again, most of them believed, the United States and the European Union had dictated the final terms of a global trade agreement and forced it down the throats of the rest of the world. These countries were determined to have far more say in the shape of any future deals. Read more »

Renewing America Progress Report: U.S. Trade and Investment Policy

by Edward Alden
The CFR Renewing America Trade and Investment Scorecard The CFR Renewing America Trade and Investment Scorecard

The Renewing America initiative is releasing today a new Progress Report and Infographic Scorecard, “Trading Up: U.S. Trade and Investment Policy,” which looks at the challenges and accomplishments of the Obama administration in international trade policy. As I wrote in an op-ed for Reuters today, “The Obama administration has quietly embraced the most ambitious agenda on trade and investment liberalization in the past two decades.” Read more »

The High Stakes in Regional Trade Talks

by Renewing America Staff
European Union chief negotiator Ignacio Garcia Bercero (left) and U.S. chief negotiator Dan Mullaney (right) address a joint news conference during the second round of EU-US trade negotiations for Transatlantic Trade and Investment Partnership in Brussels November 15, 2013 (Francois Lenoir/Courtesy Reuters). European Union chief negotiator Ignacio Garcia Bercero (left) and U.S. chief negotiator Dan Mullaney (right) address a joint news conference during the second round of EU-US trade negotiations for Transatlantic Trade and Investment Partnership in Brussels November 15, 2013 (Francois Lenoir/Courtesy Reuters).

International trade negotiations are at a crucial stage. The multilateral front, with the World Trade Organization (WTO) at its center, is facing a foundational crisis. In a new expert brief, The High Stakes in Regional Trade Talks, Jaime Zabludovsky Kuper and Sergio Gómez Lora explain that the future of international trade, at least in the short and medium term, depends heavily on the outcome of regional agreements such as the Transpacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP).

What’s Behind Obama’s Push to Attract Foreign Businesses?

by Rebecca Strauss
U.S. President Barack Obama at the SelectUSA 2013 Investment Summit (Courtesy Reuters). U.S. President Barack Obama at the SelectUSA 2013 Investment Summit (Courtesy Reuters).

Last week the Obama administration hosted the first-ever national summit showcasing the United States as an attractive place to do business, part of a newish initiative called SelectUSA. The event was sold out. In attendance were hundreds of representatives from foreign companies along with U.S. local and state government officials looking to attract their business. The speaker lineup was stacked to impress. President Obama and the secretaries of Commerce, Treasury, and State all separately graced the podium. Panels were filled with big-time CEOs from companies like Dow, Caterpillar, and Walmart. The event’s message: the United States is “open for business” and the Obama administration is serious about it. Read more »

The Renewing America Interview: Jon Huntsman on the Wisdom of Boosting U.S.-China Economic Ties

by Jonathan Masters
Former Utah governor Jon Huntsman (Courtesy Reuters). Former Utah governor Jon Huntsman (Courtesy Reuters).

Later this week the U.S. Department of Commerce will host its inaugural SelectUSA Summit, an annual convention intended to promote overseas investment in the United States. The sold-out, two-day forum will connect international businesses with U.S. economic development leaders at the federal, state, and local levels. With lingering high unemployment in the wake of the financial crisis, the White House has made attracting foreign investment and insourcing jobs a top economic priority. Read more »

Washington’s Gridlock and Foreign Investment

by Guest Blogger for Edward Alden
A 100 yuan banknote is placed next to $100 banknotes (Petar Kujundzic/Courtesy Reuters). A 100 yuan banknote is placed next to $100 banknotes (Petar Kujundzic/Courtesy Reuters).

Thilo Hanemann is Research Director at the Rhodium Group, an economic research firm based in New York. Jacob Kirkegaard is leader of Rhodium Group’s advanced economies practice and a senior fellow at the Peterson Institute for International Economics. Read more »

Foreign Investment and U.S. National Security

by Jonathan Masters
A cleaner wipes the glass door of a Huawei office in Wuhan, Hubei province (Courtesy Reuters). A cleaner wipes the glass door of a Huawei office in Wuhan, Hubei province (Courtesy Reuters).

The United States is both the world’s largest foreign direct investor and the largest beneficiary of foreign direct investment (FDI). But like every sovereign country, it has sought to temper its embrace of open markets with the protection of national security interests. Achieving this balance, which has shifted over time, has meant placing certain limitations on overseas investment in strategically sensitive sectors of the U.S. economy. Read more »

The Tobacco Problem in U.S. Trade

by Renewing America Staff

In the context of the Trans-Pacific Partnership, a pending trade deal between the U.S. and eleven other countries, the White House has a tremendous opportunity to forge a new approach on tobacco that balances U.S. mandates on trade with its obligations to promote public health at home and abroad, writes CFR Fellow Thomas Bollyky in this CFR Expert Brief.

Getting to Yes on Transatlantic Trade

by Renewing America Staff

The United States and the European Union should create a new global regulatory blueprint through the just-launched Transatlantic Trade and Investment Partnership (TTIP) negotiations, CFR Senior Fellow for Global Health, Economics, and Development Thomas J. Bollyky and Columbia Law School’s Anu Bradford write in their new Foreign Affairs article, “Getting to Yes on Transatlantic Trade.” In an era of global supply chains, disparate and overlapping regulatory policies are the central hindrance to greater trade between the U.S. and the EU. If TTIP negotiators focus on sectors in which the two share similar trade and regulation goals, the agreement could serve as a necessary foundation for future transatlantic and global trade cooperation.