The Rushford Report
The Politics of International Trade and Finance
The Pivot to Asia and International Trade Policy
posted by
Greg Rushford
on November 13, 2012
Now that President Barack Obama has defeated the hapless Mitt
Romney to win a second term in the Oval Office, its time to look at
where the president’s international trade agenda currently stands —
especially viewed in light of how Obama’s trade policies fit into
broader U.S. national security policies towards the fastest-growing
region in the world: Asia. That brings us to the first problem. There’s a
disconnect. Obama’s foreign policy — the so-called Asian “pivot, or
“rebalancing” — promotes closer security ties across the region, with a
particular emphasis on traditional Asia-Pacific treaty allies like Japan
and the Philippines (which are embroiled in threatening maritime
disputes with China). But the president’s trade agenda excludes the
Japanese, the Filipinos, and other important Asian trading partners from
participation anytime soon in the ongoing Trans-Pacific Partnership
trade talks.
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