Philippines-UK defence and trade ties will grow

Significance The country's vote to leave the EU has added momentum to a realignment of UK economic and foreign policy towards the Asia-Pacific region underway for some years. Parliamentarian Richard Graham, a prime ministerial trade envoy, visited Manila in late August to explore the prospects for closer ties, including a Philippines-UK free trade agreement (FTA). Impacts China will tolerate greater Philippine-UK engagement if London stays out of South China Sea disputes. If controversy over Duterte's crime crackdown grows, May might face domestic political pressures to keep Manila at arm's length for now. Duterte's abrasive political style may deter fresh investment pledges. Closer defence ties with Manila would aid improvements in the United Kingdom's ties with ASEAN and its other members.

Significance The agreement offers zero quotas and tariffs on most goods, but there is little coverage on services while trade flows face disruption from significant non-tariff barriers. Impacts The deal will make it slightly easier to reach a UK-US free trade agreement, though strong divisions remain. The strict conditionality associated with the FTA suggests Euroscepticism will remain an important feature of UK politics. The process and costs associated with Brexit makes it less likely that Eurosceptic member states will attempt to leave the EU.


Author(s):  
I. Denisov

The article discusses modern state of Chinese-American relations under the conditions of simultaneous existence of rivalry and cooperation between two countries in the Asia-Pacific region. Up to the author’s view relations between China and USA depend increasingly on poor-predictable and fast-changing situation in the region. Facing difficulties in direct military containment, USA reveal certain flexibility in building relations with China. While establishing mechanisms of global control, China is not ready to change the mode of conduct immediately. For forecast of the future Sino-American relations the analysis of situation in the South China sea is of crucial importance.


Significance The two sides have long been dialogue partners. They are widely expected to step up negotiations over an inter-regional free trade agreement (FTA). Impacts ASEAN and the EU will collaborate more over COVID-19 recovery efforts, including development and supply of vaccines. The two sides will expedite talks on an air transport agreement to boost connectivity. Non-traditional security issues such as climate change will be key areas of focus in bilateral consultations.


Author(s):  
Pasha L. Hsieh

Abstract The article examines the theoretical concept of interregionalism in the context of the evolving framework between the European Union (EU) and the Association of Southeast Asian Nations (ASEAN). As the EU’s first free trade agreement (FTA) with an ASEAN country, the EU-Singapore FTA is a pathfinder agreement that signifies a new phase of interregionalism and the EU’s new Asia strategy after the Treaty of Lisbon. The article argues that the innovative designs of the EU-Singapore FTA will shape the normative development of EU-ASEAN relations in the post-pandemic era. It also cautions that a comparative analysis of EU and US agreements reveals deficiencies in the FTA that require remedies. To buttress the contention, key provisions on ASEAN cumulative rules of origin, banking and legal services and non-tariff barriers are analysed in light of contemporary Asian agreements. The research further provides insight into the effectiveness of new-generation rules on geographical indications, competition, and investor-state arbitration and mediation. Hence, the findings contribute to the understanding of interregionalism and the EU’s Asia-Pacific trade and investment agreements from global and interdisciplinary perspectives.


Author(s):  
Sang Tam Huynh

From the beginning of the 21st century, Australia’s interests in the East Sea (The South China Sea to non-Vietnamese people) have been increasingly more evident. Among those, the benefits relating the status of a “middle power” and the tensions derived mainly from China's ambitions are the most prominent features. Regarding Australia’s interests in the East Sea, the author argues that Australia had better promote more practical contributions to accommodate its role and status in the Asia-Pacific region. In particular, Australia’s contributions should be based on code of conducts, international rules and norms. In this paper, the author focuses on three recommendations, including: (i) promoting cooperation in the East Sea complying with the principles and the respect for the law; (ii) promoting Security and Defense Policy in terms of soft alliances; (iii) coordinating with regional powers in search of solutions to manage conflicts in the East Sea.


2017 ◽  
Vol 44 (4) ◽  
pp. 81-98 ◽  
Author(s):  
Rubrick Biegon

The nascent Trans-Pacific Partnership (TPP) trade agreement puts the United States at the center of an expanding liberalization regime connecting the Americas to the Asia-Pacific region. U.S. power is bound up with the globalization of Latin America’s political economy, and the TPP is indicative of U.S. efforts to renew its hegemony in the region. It reinforces the importance of “free trade” on the post–Washington Consensus agenda, undercutting existing Latin American–led approaches to integration while responding to China’s growing influence in the hemisphere. As the free-trade consensus is reconstructed through the TPP process, U.S. hegemony in the Americas is potentially extended even as it continues to face challenges in the structural, institutional, and ideological dimensions of intrahemispheric affairs. El naciente Acuerdo Transpacífico de Cooperación Económica (TPP) coloca a Estados Unidos al centro de un régimen de liberalización en expansión que conecta a las Américas con la región Asia-Pacífico. El poder estadunidense está vinculado a la globalización de la economía política latinoamericana, y el TPP es indicativo de los esfuerzos de Estados Unidos por renovar su hegemonía en la región. Refuerza la importancia del “libre comercio” en la agenda establecida después del Consenso de Washington, socavando los intentos latinoamericanos de integración regional mientras responde a la creciente influencia de China en el hemisferio. La hegemonía estadunidense crece potencialmente en el continente americano conforme se reconstruye un consenso de libre comercio a través del proceso del TPP. Al mismo tiempo, continúa afrontando retos estructurales, institucionales e ideológicos en las relaciones intrahemisféricas.


Subject India-Europe ties. Significance Negotiations between India and the EU for a free-trade agreement (FTA) are to recommence in January. These talks began in 2007 and have been paused many times -- most recently in August 2015, over the EU's banning of 700 Indian generic drugs. Impacts India's rivalry with Pakistan is the greatest impediment to South Asian economic cooperation. European partners risk alienating voters by appearing soft on immigration. India will not allow its European links to erode other key alliances, especially its defence ties with Russia.


Subject FTA impact on business. Significance London and Brussels will commence negotiations on a free trade agreement (FTA) in February. While an FTA is far preferable to trading without one in place, it will pose significant bureaucratic and financial costs for business. Impacts The first key obstacle is deciding on the sequencing of the talks, with London anxious to not allow the EU to dictate the timetable again. London will hope that this phase of talks exposes EU divisions, which could put pressure on Brussels to compromise on important issues. Brexit uncertainty means businesses will continue delaying significant investment decisions, which will dampen growth in 2020.


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