It is now called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership : it seems that, without intellectual property provisions, it is even better. The shape of the things to come ? Advertisements
China likes Germany and let it be known : Germany buys turbine blades for jet engines from China. It’s like a consecration for the quality of “Made in China”. It could also have longer term strategic consequences.
There’s a lot of buzz about the book on Trump’s White House. But the most interesting and potentially far-reaching piece of information of last is the supposed halt (or at least slowing) of Chinese placements in US Treasury Bonds. Of course, no direct link can be established with the Huawei / ATT and Ant Financial /…… Continue reading Chinese Payback
US blocked again Huawei’s entry into its market through the association with ATT. And after Moneygram’s failed acquisition by Ant Financial (Alibaba Group), it begins to look like a recurrent pattern. The US is more or less reciprocating the Chinese treatment of foreign firms in the internal market, and so long to the free trade phantom.
China is investing heavily (some 800 M as of this hour) in the poor southern Pakistani Indian-Ocean port. Inevitably, US and Indian are looking attentively; they are also indirectly confirmed in the new Indo-Pacific approach.
The WTO has been agonising for some ten years now, and another Ministerial Conference ended with no result in Buenos Aires. Some are blaming China for its dereliction, others are more recently pointing the finger toward US & Donald Trump. My hypothesis is that the global value chains have supplanted the multilateral organisation.
At the WTO’s Buenos Aires Ministerial, US, Japan and EU teamed up against the Chinese mercantilist practices : intellectual property theft, state-owned enterprises, overcapacity, etc. Moreover, USTR Lightizer attacked the World Trade Organization as an institution and “said the WTO was focused too much on refereeing legal complaints, which distracted from its core mission of…… Continue reading “A litigation-focused organization”