In The News

Chris Morris February 1, 2019
The United Kingdom, as an EU member, shares four decades of laws on trade, immigration, finance, health and safety, and more. If the EU and the UK part ways with no deal or extension for the negotiations and if the UK does not prepare replacement laws, that could pose uncertainty and serious disruption in most policy areas, reports Chris Morris for the BBC news. The report outlines progress on...
Shin Ji-hye January 30, 2019
South Korea will offer financial incentives and streamline regulations to attract foreign firms that can upgrade the nation’s traditional manufacturing sectors including petrochemicals, high-end manufacturing, automobiles and health care, announced the chief of investment policy at the Ministry of Trade, Industry and Energy. The range of targets is broad: “The ministry will also focus on luring...
Stephen S. Roach January 29, 2019
Growth in global trade has slowed since the 2008 debt crisis, and the trade cycle confronts many uncertainties in 2019, including Brexit, a US-China trade war and military conflicts that could ignite at any time. The International Monetary Fund has already revised its forecasts for global economic growth, from 3.7 to 3.5 percent. Stephen Roach, an economist and senior fellow at at Yale’s Jackson...
Jack Nicas January 28, 2019
Companies from around the world contribute parts for complex products like the Apple iPhone. China is the center for the supply chains, with teams orchestrating delivery of thousands of parts, some requiring custom work. Such a supply-chain infrastructure prevents fast relocation of assembly operations other nations. Donald Trump, early in his presidency, questioned why Apple and other computer...
January 20, 2019
As of January 1, Qatar is no longer a member of OPEC. Qatar, the first Arab state to join OPEC after its creation in 1960, is now the first Arab state to withdraw from the oil cartel. According to Qatar’s Minister of Energy Saas al-Kaabi, the decision was made to “focus efforts” on natural gas production. Although the Gulf nation is the world’s largest exporter of liquified gas, it is a minor...
January 17, 2019
Cooperation on complex trade, financial and security relationships requires compromise. Brexit’s most vehement supporters did not realize that leaving the European Union would still require compromise. Britain, as one member among 28 nations and representing about 16 percent of the European Union’s total GDP, lacks leverage. Agreement of all EU members is required for any deal. The British...
Andrew Sparrow January 15, 2019
The United Kingdom scrambles on what to do next after Parliament soundly rejected Prime Minister Theresa May’s Brexit plan. After a campaign of misleading information and interference by foreign interests, British voters narrowly approved exit from the European Union in June 2016. Numerous trade, security and immigration agreements formed over the course of decades have long guided British...