Silk Road Headlines
7 March 2018
Source: Louis Vest/flickr
Among this week’s news items, the article by East Asia Forum [Moving from defence to offence on trade strategy] paints the big global picture of trade and alternative strategies and agreements proposed in the context of the American isolationism. America under Trump has retreated from the region’s trade architecture, pulled out of TPP, is in the process of possibly beginning a trade war, undermining WTO, and thus leaving the trade landscape open for new actors to take charge in strategies that could potentially be labelled as offensive. “No single country can alone lead a response to the vacuum that the US is daily creating in global governance”. Japan is taking lead in a TPP deal without the US. Australia is involved in the revival of TPP and also pushing for CPTPP. Another concept/agreement is RCEP (involving China), that is meant to address the post-American vacuum and is the deal with ‘the best chance’. However, according to the article ‘there is no clear leader in RCEP’ and its future remains uncertain. The question remains whether Asian powers (such as China, India, Japan) are ready for the type of leadership that is required to address this vacuum and what role the Chinese New Silk Road will play in this dynamic landscape.
This week's Silk Road Headlines
Moving from defence to offence on trade strategy [East Asia Forum]
Will China's Belt and Road Initiative Push Vulnerable Countries into a Debt Crisis?[Center for Global Development]
Tails will wag on the Belt and Road [Corrs Chambers Westgarth]Quad 2.0: Facing China’s Belt And Road? – Analysis [Eurasia Review]
China’s ‘Two sessions’ kick off [Global Capital News]
China Needs A Win In Afghanistan To Keep Its Edge In Asian Trade [Forbes]
To increase awareness of and facilitate the debate on China's Belt and Road Initiative, the Clingendael Institute publishes Silk Road Headlines, a weekly update on relevant news articles from open sources.