Dead Cat Bounce? Oil Prices After King Abdullah's Death

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Monday, 1 April 2013

Obama's Anti-China Free Trade Area of Free People [sic]

Posted on 22:31 by Vicky daru
Question: What do you get when you cross the EU-US FTA with the Trans-Pacific Partnership?
Answer: The Free Trade Area of Free People (FTAFP)[sic]

During the Cold War, older readers will remember that the United States began funding pro-democracy propaganda via Radio Free Europe, Radio Free Asia, and so forth. Now that the Cold War is over, we are, er...supposedly returning to that same sort of mentality from the Yanks. Or, at least news sources are telling as alike the Financial Times. Maybe it was a slow day at the world's premier financial newspaper, but it too has succumbed to this temptation of portraying US FTA initiatives as those meant to "bandwagon against" China in the economic realm.

I am honestly wary of this characterization since it, first of all, brings us back to the framing of trade as inherently conflictual when it's supposed to be mutually beneficial as per the theory of comparative advantage. Moreover, hasn't China pursued FTAs of its own especially in Asia that pointedly exclude the US and other Western nations? At any rate, an argument being marshaled is of China's exclusion helping to appease trade-phobic American lawmakers:
But much of the substance of the EU talks and of TPP points to China. The agenda includes state subsidies for business and protecting intellectual property – precisely the sorts of issues that are becoming huge bones of contention with Beijing. If the US can get enough important countries to sign up, it hopes to establish global trading standards that China would feel obliged to respect. On Capitol Hill, where free trade is not an easy sell in an era of unemployment of more than 7.5 per cent, the China angle is being used to rally support. “This is very much part of our China strategy,” an aide to a leading Republican senator puts it, talking of the discussions with the EU. 
And speaking of my admittedly, ah, tortured title, there is supposedly an emergent coalition of the WTO-plus trade willing to paraphrase a former American leader:
TPP and the US-EU trade talks represent an alternative strategy, an attempt to forge fresh rules by appealing to smaller groups of like-minded nations, in this case working around China rather than with Beijing. Supporters say this is not an abandonment of global institutions such as the World Trade Organisation but simply a realistic assessment of how to get things done.
You're either with us or against us in trade. Where have we heard something similar before? That said, I am doubtful whether joining up the TPP and US-EU FTA really is an American goal to isolate China in trade. After all, both American-led initiatives are hardly done deals and both face formidable obstacles to completion, so we cannot even begin to speculate about their merger.

That said, you must admit that Free Trade Area of Free People [sic] has a nice ring to it.
Email ThisBlogThis!Share to XShare to Facebook
Posted in Trade | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Detours to Linking HK, Shanghai Stock Exchanges
    The Hong Kong Stock Exchange has yet to be, ah, Shanghaied The recent turmoil over student protesters jamming the normal course of traffic (...
  • National Debt That's 245% of GDP? No Worries, Japan
    Relaaaaax; it's not as bad as it looks for Japan? Economics Professor Masazumi Wakatabe at Waseda University was prompted to write comme...
  • Professional Stand-In-Liners, a Venezuelan Profession
    "Everyday I dream dipeys don't run out once I finally get into the store." To be sure, professional waiters-in-line are not u...
  • Russia Fun: Ruling on $100B Yukos Expropriation Claim
    Those were the days--and some hope to bring them back. Five years later, we are about to hear the decision on Russia's liabilities from ...
  • East / Southeast Asia's Demographic Bifurcation
    There's are always interesting demographic discussions about the "West and the Rest," but there are also interesting demograph...
  • Dive Contest: Russian Ruble v Ukrainian Hryvnia
    Only the bravest would take a position on the RUB/UAH exchange rate. In the Summer Olympics, they have a popular and quite watchable event c...
  • China Has Exhausted Its Goodwill in SE Asia
    Call it "Escape From the Killing Fields 2": China sending ships to repatriate its workers from Vietnam as anti-PRC riots there re...
  • A Bad Idea: Flying Passenger Jets Over Ukraine
    I am greatly saddened by the loss of Malaysia Airlines MH17 over the airspace of Ukraine. I have been following the disaster since it was re...
  • Sands' Sheldon Anderson 1, Online Gambling Stateside 0
    The US nanny state and a casino mogul combine to frustrate online gambling Stateside. For a long time, I have covered attempts to regulate I...
  • Egypt's World Beggary Tour 2013 Goes On
    The rise and millennia-long fall of the Egyptian Empire continues apace. From the giddy heights of empire catalogued in the Bible to its pre...

Categories

  • Aerospace
  • Africa
  • Agriculture
  • Americana
  • Anti-Globalization
  • APEC
  • Caribbean
  • Cars
  • Casino Capitalism
  • Cheneynomics
  • China
  • Commodities
  • Corruption
  • Credit Crisis
  • CSR
  • Culture
  • Currencies
  • Demography
  • Development
  • Economic Diplomacy
  • Economic History
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Europe
  • FDI
  • Gambling
  • Gender Equality
  • Governance
  • Health
  • Hegemony
  • IMF
  • India
  • Innovation
  • Intellectual Property
  • Internet Governance
  • Japan
  • Labor
  • Latin America
  • Litigation
  • Marketing
  • Media
  • Microfinance
  • Middle East
  • Migration
  • Mining
  • MNCs
  • Multiculturalism
  • Neoliberalism
  • Nonsense
  • Outsourcing
  • Paris Club
  • Religion
  • Russia
  • Sanctions
  • Security
  • Service Announcement
  • Socialism
  • Soft Power
  • South Asia
  • South Korea
  • Southeast Asia
  • Sports
  • Supply Chain
  • Technology
  • Trade
  • Travel
  • Underground Economy
  • United Nations
  • World Bank

Blog Archive

  • ►  2015 (16)
    • ►  January (16)
  • ►  2014 (295)
    • ►  December (21)
    • ►  November (27)
    • ►  October (27)
    • ►  September (24)
    • ►  August (24)
    • ►  July (28)
    • ►  June (27)
    • ►  May (27)
    • ►  April (29)
    • ►  March (23)
    • ►  February (18)
    • ►  January (20)
  • ▼  2013 (183)
    • ►  December (15)
    • ►  November (17)
    • ►  October (19)
    • ►  September (21)
    • ►  August (14)
    • ►  July (17)
    • ►  June (16)
    • ►  May (8)
    • ▼  April (9)
      • Egypt's World Beggary Tour 2013 Goes On
      • EU-US FTA & the Lameness of 'Cultural Exception'
      • Of Profits & Reconciliation: Kaesong Industrial Co...
      • Arab Spring F1 (Ep III): 2013 Bahrain Grand Prix
      • LDC Marketing Lessons Selling to Brokebank Yanks
      • The IMF is Unfair (Duh): Japan v Egypt
      • "Overfinance": Iceland, Cyprus...Now Luxembourg?
      • Loser's Lament: Delta Air Sues US Ex-Im Bank
      • Obama's Anti-China Free Trade Area of Free People ...
    • ►  March (13)
    • ►  February (14)
    • ►  January (20)
  • ►  2012 (4)
    • ►  December (4)
Powered by Blogger.

About Me

Vicky daru
View my complete profile