Archives: International Strategy

Subscribe to International Strategy RSS Feed

Global Policy Watch: Tensions Building Up in Cross-Strait and U.S.-China Relations

Cross-Strait Relations In her year-end press conference on December 31, 2016, Taiwan President Tsai Ing-wen focused on her administration’s domestic policy agenda but also noted Beijing’s increasing pressure on Taiwan since she took office on May 20. Beijing has cut off high-level communications between the two sides (while maintaining ties with the former KMT party), … Continue Reading

The President’s Long-Forgotten Power To Raise Tariffs

President-elect Trump’s expressed interest in possibly raising tariffs on imported goods has prompted considerable effort in trying to understand the scope of Presidential authority to raise tariffs. While the Congress has primary authority to set tariffs and the U.S. has made extensive international commitments to not raise tariffs, President-elect Trump will have a degree of … Continue Reading

Global Enforcement of the Nagoya Protocol in Life Sciences Industries

In October 2014, the Nagoya Protocol entered into force. It created a new international regulatory system affecting all life science companies that conduct R&D on biological material such as animals, seeds, flowers, viruses, fragrances, flavonoids, essential oils, enzymes, yeasts, and so on. So far, compliance by companies is progressing slowly due to unawareness of the … Continue Reading

Private-Sector Opportunities – and Challenges – in the new $38.8 billion U.S.-Israel Military Assistance Package

Uncertainty surrounding the policies of the new administration is felt across industries. In particular, U.S. and Israeli defense industries are anxious for details of a ten-year, $38.8 billion military assistance package that was signed in Washington this past September. Whether the terms of the aid package are upended entirely or left mostly unchanged by the … Continue Reading

Saudi Arabia’s Vision 2030 — Ambitions to Modernize and Diversify the Economy

In reaction to the global economic slowdown and commodity price collapse, Saudi Arabia’s leaders have made virtue of necessity in announcing plans for far-reaching economic, educational and related reforms. They aim to innovate and diversify the economy of the Kingdom. The goal is faster growth and job creation, especially in the private sector, in order … Continue Reading

How Big a U.S. Export Market Could Cuba Be?

Since President Obama announced the normalization of U.S. relations with Cuba in December of 2014, U.S. businesses have begun to plan for the eventual lifting of U.S. economic sanctions against Cuba.  While the Obama Administration has taken a number of steps to jumpstart interactions between U.S. businesses and the Cuban private sector, including easing travel … Continue Reading

Can the G20 Pull the Global Economy Out of its Stall?

In recent days, Citi strategist Jonathan Stubbs and his colleagues have warned that the global economy is trapped in a “death spiral.”[1] Economist  Mohamed El-Erian says that the era when policymakers could rely upon growth from easy money provided by Central Banks is over, and went on too long[2].  Nouriel Roubini, also known as Dr. … Continue Reading

What’s Next for TPP: Will Congress Ratify in 2016?

After more than 5 years of negotiations between partner countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States), the Trans-Pacific Partnership (TPP) trade agreement was finalized in October 2015 and will be confirmed through a formal signing ceremony on February 4th in New Zealand. Although the terms … Continue Reading

United States, EU Implement Significant Iran Sanctions Relief

On January 16, 2016, the United States and the European Union (“EU”) significantly eased their sanctions against Iran, following verification by the International Atomic Energy Agency (“IAEA”) that Iran had carried out its commitments under the Joint Comprehensive Plan of Action (“JCPOA”), the multilateral agreement signed in mid-July 2015 in which Iran agreed to accept … Continue Reading

The EU – Turkey summit of 29 November 2015 : A “Re-Energised” Relationship

Since April of this year, the EU agenda has been totally dominated by the migration issue. The sudden influx of several hundred thousand refugees from Syria, Eritrea and other conflict zones, but also economic migrants from the Balkan countries and elsewhere, has generated an earthquake of such a magnitude that any other discussion had to … Continue Reading

What’s New in the TPP’s Intellectual Property Chapter

Note: This post is the third in a series of posts on the final text of the Trans-Pacific Partnership (TPP) by Covington’s International and Public Policy lawyers.  The final TPP text, which was released on November 5, 2015, is available here.  TPP is not expected to enter into force until at least 2016, with the … Continue Reading

High Wire Balancing Act in Paris Climate Talks

The president and his climate negotiating team seem most like the high-wire artist Philippe Petit, who improbably strung a wire between the towers of the World Trade Center and mustered reserves of guts and grace— leavened by intense focus, preparation, and a mild amount of lunacy— to walk between the twin towers. In order for … Continue Reading

Hosting the G20 Leaders is an Opportunity for Turkey on Growth and Stability

President Erdoḡan and his Justice and Development (AKP) party clearly won big on November 1 with over 49 percent of the vote.   On November 16-17, Turkey is hosting G20[i] leaders for discussions of global economic and political issues.  Some see that as confirmation that the Erdoḡan-supported AKP government is ready to welcome private investment, and … Continue Reading

EU’s Highest Court Invalidates Safe Harbor with Immediate Effect

Yesterday, the Court of Justice of the European Union (the “CJEU”) invalidated the European Commission’s Decision on the EU-U.S. Safe Harbor arrangement (Commission Decision 2000/520 – see here). The Court responded to pre-judicial questions put forward by the Irish High Court in the so-called Schrems case. More specifically, the High Court had enquired, in particular, … Continue Reading

Benefits and Barriers to Expanded U.S.-Cuba Trade

Proponents of increased U.S. trade with Cuba rightly point to the potential economic benefits to U.S. exporters, particularly in the food and agriculture sector, from greater trade.  But achieving that potential may take more than the lifting of the U.S. trade embargo with Cuba.  A forthcoming study from the U.S. International Trade Commission promises a … Continue Reading

China, India and Japan Set to Host Major Summits To Further Strengthen Ties with Africa

In the midst of questions about how China’s economic health will impact Africa, the foreign ministers of China and South Africa have announced that the sixth Ministerial Meeting of the Forum on China-Africa Cooperation will be upgraded to a summit. Nearly a decade after the first China-Africa Leaders summit which was held in Beijing, this … Continue Reading

EU – US Umbrella Agreement about to be concluded: towards a transatlantic approach to data protection?

According to the European Commissioner for Justice, Consumers and Gender Equality, Věra Jourová, the EU and the US have finalized the EU-US Umbrella Agreement (for the press release, see here; a reportedly near-final draft of the agreement can be read here). This is a remarkable breakthrough after the first calls for such an agreement back in … Continue Reading

President Buhari Comes to Washington

Next week, Nigeria’s President Muhammadu Buhari travels to Washington for a two-day visit, which culminates in an Oval Office meeting with President Obama on July 20.  Buhari is expected to travel light — not on luggage, but advisors.  Since he has appointed no ministers as of yet, only a handful or two of advisors is … Continue Reading

A Reauthorized U.S. Export-Import Bank is Central to U.S. Commercial Success in Africa

If the U.S. Export-Import Bank (Ex-Im) is not reauthorized, U.S. efforts to deepen commercial ties to Africa will be significantly impeded. Not only would this put U.S. companies at a commercial disadvantage to companies from the European Union, China, Russia, India and elsewhere, it would impact negatively on the contribution that many American companies make … Continue Reading

MAT Tax Controversy Highlights Foreign Investment Challenges Faced by the Modi Administration

When Prime Minister Narendra Modi began his tenure at the helm of one of the world’s fastest growing economies, he made it a priority to attract foreign investors to continue India’s economic growth.  However, just one year after assuming office, Prime Minister Modi and his administration must confront the concerns of foreign investors, following the … Continue Reading

The United States and India Sign a 10-Year Defense Agreement and Set the Stage for Increased Defense Cooperation

On June 3, 2015, U.S. Secretary of Defense Ashton Carter and Indian Defense Minister Manohar Parrikar signed a 10-year defense framework agreement during Secretary Carter’s 10-day trip to the Asia-Pacific region, which included a stop in India.  This framework agreement comes at a time when the United States and its allies are stepping up defense … Continue Reading
LexBlog