HomeMy WebLinkAbout092823 CFR State and Local Officials Newsletter on Global Trade and Economic PolicyALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
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State and Local Officials Newsletter
September 2023
Global Trade and Economic Policy
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/RTXJNVBW.JPG>
Reuters/Brendan McDermid
Trade and economic policies, while shaped by federal decisions and international agreements, have far-reaching effects on states and cities across the United States. Local supply chains,
labor markets, and economic stability are all affected by geopolitical trends and events. The Council on Foreign Relations (CFR) strives to help subnational leaders navigate the forces
conditioning the ability of their states, districts, and municipalities to stay competitive in the global marketplace. Our experts are well-versed in the intricacies of trade agreements,
tariffs, foreign investment and land ownership, and the regulatory frameworks that enable economic growth and prosperity. Visit CFR.org <https://link.quorum.us/f/a/Uo77ORZaozfJ8tDfxHmG2Q~~/AACYXwA~/
RgRm-BQLP0QTaHR0cHM6Ly93d3cuY2ZyLm9yZ1cDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~> and <https://link.quorum.us/f/a/Uo77ORZaozfJ8tDfxHmG2Q~~/AACYXwA~/RgRm-BQLP0QTaHR0cHM
6Ly93d3cuY2ZyLm9yZ1cDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~> ForeignAffairs.com <https://link.quorum.us/f/a/H04ZzFpxqnmRDtsOfwJtPQ~~/AACYXwA~/RgRm-BQLP0QeaHR0cHM6Ly
93d3cuRm9yZWlnbkFmZmFpcnMuY29tVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA> <https://link.quorum.us/f/a/H04ZzFpxqnmRDtsOfwJtPQ~~/AACYXwA~/RgRm-BQLP0QeaHR0cHM6Ly93d3cuRm9y
ZWlnbkFmZmFpcnMuY29tVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA> for up-to-date information and analysis on the geopolitics of trade and their economic implications.
We look forward to your continued participation in the CFR State and Local Officials initiative and welcome your feedback on how we can better support the work you are doing. Please
email us at stateandlocal@cfr.org <mailto:stateandlocal@cfr.org> .
Best regards,
Irina A. Faskianos
Vice President, National Program and Outreach
Why the World Still Needs Trade
A period of rising prosperity, thanks to closer economic integration, has been threatened by a series of shocks over the last 15 years. The World Trade Organization’s Ngozi Okonjo-Iweala
suggests that a new trade strategy is needed to maintain peace, prosperity, and economic interdependence.
Read more on ForeignAffairs.com » <https://link.quorum.us/f/a/FKo0I7Wto7TEb-B7u2UaMg~~/AACYXwA~/RgRm-BQLP0Q8aHR0cHM6Ly93d3cuZm9yZWlnbmFmZmFpcnMuY29tL2d1ZXN0LXBhc3MvcmVkZWVtL0NZOXNOc3h6ZXJVVwNzcGNCCmU
UD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA>
Venezuela: U.S. Policy, U.S. Sanctions, and Humiliation by Maduro Regime
CFR’s Elliott Abrams <https://link.quorum.us/f/a/Ow2ze4GCc_tqReSVh6vMWw~~/AACYXwA~/RgRm-BQLP0QpaHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvZWxsaW90dC1hYnJhbXNXA3NwY0IKZRQPjxVlZBlugFIdaGVpc2VuaG91ckBjby5qZWZm
ZXJzb24ud2EudXNYBAAAAAA~> writes that while the Biden administration states it will maintain sanctions against Venezuela until the Maduro regime permits free and fair elections, there
is movement toward offering concessions on the country’s oil sector. Read more on CFR.org » <https://link.quorum.us/f/a/sS5i_3OrRrB0S99y5lJBRw~~/AACYXwA~/RgRm-BQLP0RXaHR0cHM6Ly93d3cuY2ZyLm9yZy9ibG9n
L3ZlbmV6dWVsYS11cy1wb2xpY3ktdXMtc2FuY3Rpb25zLWFuZC1odW1pbGlhdGlvbi1tYWR1cm8tcmVnaW1lVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA>
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/borders-country-flag-latin-map-1296994.jpg>
Congress Asserts Its Trade Authority With Taiwan Trade Deal
Controversy over a recent U.S.-Taiwan trade agreement has catalyzed a debate over the authority of the executive and legislative branches in creating trade policy. CFR’s Inu Manak <https://link.quoru
m.us/f/a/C7-pkINBON_WQYB0NePAsg~~/AACYXwA~/RgRm-BQLP0QkaHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvaW51LW1hbmFrVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA> discusses
the recent growth of trade-related executive agreements, including the new agreement with Taiwan and larger implications for U.S. trade policy.
Read more on CFR.org » <https://link.quorum.us/f/a/8xRKUjzul8NbFQ6iKNBADA~~/AACYXwA~/RgRm-BQLP0RPaHR0cHM6Ly93d3cuY2ZyLm9yZy9ibG9nL2NvbmdyZXNzLWFzc2VydHMtaXRzLXRyYWRlLWF1dGhvcml0eS10YWl3YW4tdHJhZGUtZG
VhbFcDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~>
U.S. Should Look South, Not Far East, on Trade Pacts
CFR’s Shannon O’Neil <https://link.quorum.us/f/a/hvNd3WHFzoKllBnPqRGkvg~~/AACYXwA~/RgRm-BQLP0QqaHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvc2hhbm5vbi1rLW9uZWlsVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVm
ZmVyc29uLndhLnVzWAQAAAAA> makes a case for zeroing in on economies closer to home, arguing that free trade agreements with countries in the Americas lead to deeper integration and adherence
to stronger labor, environmental, and financial protections than trade deals with Asia.
Read more on CFR.org » <https://link.quorum.us/f/a/e-li13-gHOhw8Is6ABrYeg~~/AACYXwA~/RgRm-BQLP0RJaHR0cHM6Ly93d3cuY2ZyLm9yZy9hcnRpY2xlL3VzLXNob3VsZC1sb29rLXNvdXRoLW5vdC1mYXItZWFzdC10cmFkZS1wYWN0c1cDc3
BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~>
Reforming International Trade Rules on Subsidies <https://link.quorum.us/f/a/Wz_KgP2b2BgT7pIfsyiodg~~/AACYXwA~/RgRm-BQLP0RDaHR0cHM6Ly93d3cuY2ZyLm9yZy9yZXBvcnQvcmV0aGlua2luZy1pbnRlcm5hdGlvbmFsLXJ1bGVz
LXN1YnNpZGllc1cDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~>
With the growth of industrial policies across the globe, the World Trade Organization needs an updated toolbox, argue CFR trade experts Jennifer Hillman <https://link.quorum.us/f/a/1xNMJFcQmnm0EeZwcB
XQ0A~~/AACYXwA~/RgRm-BQLP0QraHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvamVubmlmZXItaGlsbG1hblcDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~> and Inu Manak <https://link.quorum.u
s/f/a/C7-pkINBON_WQYB0NePAsg~~/AACYXwA~/RgRm-BQLP0QkaHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvaW51LW1hbmFrVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA> in a new
Council Special Report.
Read the report <https://link.quorum.us/f/a/Wz_KgP2b2BgT7pIfsyiodg~~/AACYXwA~/RgRm-BQLP0RDaHR0cHM6Ly93d3cuY2ZyLm9yZy9yZXBvcnQvcmV0aGlua2luZy1pbnRlcm5hdGlvbmFsLXJ1bGVzLXN1YnNpZGllc1cDc3BjQgplFA-PFWVkG
W6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~>
<https://media.sailthru.com/composer/images/sailthru-prod-66n/editor_images/b02eabd3-a493-4206-b7cd-b23753aeace1.jpg>
The Future of Dollar Hegemony
The United States has benefited from the dollar’s dominance of global markets for decades. Washington should refrain from squandering those benefits as a result of political infighting
and quell doubts about the dollar’s strength internationally. Read more on CFR.org » <https://link.quorum.us/f/a/LFPkxly5QiM92rrGIXbMkA~~/AACYXwA~/RgRm-BQLP0QvaHR0cHM6Ly93d3cuY2ZyLm9yZy9ibG9nL2Z1dHV
yZS1kb2xsYXItaGVnZW1vbnlXA3NwY0IKZRQPjxVlZBlugFIdaGVpc2VuaG91ckBjby5qZWZmZXJzb24ud2EudXNYBAAAAAA~>
China’s Current Economy: Implications for Investors and Supply Chains
CFR’s Zongyuan Zoe Liu <https://link.quorum.us/f/a/wmVgXbTk0V43kDAg0TQ8TA~~/AACYXwA~/RgRm-BQLP0QraHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvem9uZ3l1YW4tem9lLWxpdVcDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLm
plZmZlcnNvbi53YS51c1gEAAAAAA~~> testifies to the U.S.-China Economic and Security Review Commission about the distinctive features of China’s sovereign funds and their evolution in
order to finance the country's global ambitions since President Xi came to power.
Read her testimony on CFR.org » <https://link.quorum.us/f/a/waxDGcQvIlsMZHGhA-05FQ~~/AACYXwA~/RgRm-BQLP0RaaHR0cHM6Ly93d3cuY2ZyLm9yZy9yZXBvcnQvY2hpbmFzLWN1cnJlbnQtZWNvbm9teS1pbXBsaWNhdGlvbnMtaW52ZXN0b
3JzLWFuZC1zdXBwbHktY2hhaW5zVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQAAAAA>
U.S.-Taiwan Relations in a New Era: Responding to a More Assertive China
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/editor_images/d7189fe3-73fb-48e6-8a24-6bb02eb47886.jpg>
This CFR-sponsored Independent Task Force Report, co-chaired by GordonVentures’ Susan M. Gordon and MGM Consulting’s Michael G. Mullen, makes recommendations for how U.S. policy toward
Taiwan should evolve given a more capable and assertive China.
Read more on CFR.org » <https://link.quorum.us/f/a/VZFW1o5CDfJWbd4VkyvlnA~~/AACYXwA~/RgRm-BQLP0RGaHR0cHM6Ly93d3cuY2ZyLm9yZy90YXNrLWZvcmNlLXJlcG9ydC91cy10YWl3YW4tcmVsYXRpb25zLWluLWEtbmV3LWVyYVcDc3BjQg
plFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~>
Are you part of a delegation traveling abroad?
CFR can provide briefings for groups of state and local officials in advance of international trips. Email stateandlocal@cfr.org <mailto:stateandlocal@cfr.org> to request a dedicated
session with a CFR expert in the region or country to which your group is traveling or on a topic of regional interest.
Taiwan, China, and the Threat of War
On this episode of Why It Matters, Host Gabrielle Sierra <https://link.quorum.us/f/a/Xpi-1EiKdCsZFCkO_HIh3g~~/AACYXwA~/RgRm-BQLP0QoaHR0cHM6Ly93d3cuY2ZyLm9yZy9iaW8vZ2FicmllbGxlLXNpZXJyYVcDc3BjQgplFA-P
FWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~> explores what a Chinese invasion of Taiwan could mean for the world, including a halt to the global economy.
Listen on CFR.org <https://link.quorum.us/f/a/IB8DeVMVxzJ-eRGW7nGH0Q~~/AACYXwA~/RgRm-BQLP0Q4aHR0cHM6Ly93d3cuY2ZyLm9yZy9wb2RjYXN0cy90YWl3YW4tY2hpbmEtYW5kLXRocmVhdC13YXJXA3NwY0IKZRQPjxVlZBlugFIdaGVpc2V
uaG91ckBjby5qZWZmZXJzb24ud2EudXNYBAAAAAA~>
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/CFR_WIM_Cover_3000x3000.png>
CFR Expert Spotlight
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/Hillman%20Headshot_0_1.jpg>
Jennifer Hillman <https://link.quorum.us/f/a/1xNMJFcQmnm0EeZwcBXQ0A~~/AACYXwA~/RgRm-BQLP0QraHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvamVubmlmZXItaGlsbG1hblcDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZl
cnNvbi53YS51c1gEAAAAAA~~> , CFR senior fellow for trade and international political economy, specializes in U.S. trade policy, the law and politics of the World Trade Organization (WTO),
international organizations, and Brexit. She is also a professor of practice at the Georgetown University Law Center, teaching courses in international business and international trade.
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/Inu%202017%20Cato.jpg>
Inu Manak <https://link.quorum.us/f/a/C7-pkINBON_WQYB0NePAsg~~/AACYXwA~/RgRm-BQLP0QkaHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvaW51LW1hbmFrVwNzcGNCCmUUD48VZWQZboBSHWhlaXNlbmhvdXJAY28uamVmZmVyc29uLndhLnVzWAQ
AAAAA> , CFR fellow for trade policy and an expert in international political economy, researches issues relevant to U.S. trade policy, including trade politics and law, institutions
such as the World Trade Organization, trade negotiations, and dispute settlements. She is coauthor of The Development Dimension: Special and Differential Treatment in Trade.
<https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/13c8ab77-773e-424e-80a6-65b998921ce1/org-1370-03441919/Zoe%20photo.jpg>
Zongyuan Zoe Liu <https://link.quorum.us/f/a/wmVgXbTk0V43kDAg0TQ8TA~~/AACYXwA~/RgRm-BQLP0QraHR0cHM6Ly93d3cuY2ZyLm9yZy9leHBlcnQvem9uZ3l1YW4tem9lLWxpdVcDc3BjQgplFA-PFWVkGW6AUh1oZWlzZW5ob3VyQGNvLmplZmZl
cnNvbi53YS51c1gEAAAAAA~~> , is CFR’s Maurice R. Greenberg fellow for China studies. Her work focuses on international political economy, global financial markets, sovereign wealth funds,
supply chains of critical minerals, development finance, emerging markets, energy and climate change policy, and East Asia-Middle East relations.
The CFR State and Local Officials Newsletter is a monthly roundup of CFR resources and information tailored to support the work of U.S. officials, their staffs, and other policy professionals.
About CFR’s State and Local Officials Initiative
The CFR State and Local Officials Initiative is a nonpartisan, independent resource on pressing international issues that affect the priorities and agendas of state and local governments,
including the economy, trade and competitiveness, homeland security, public health, energy supply, and climate policy. For more information, email CFR’s State and Local Officials Initiative
at stateandlocal@cfr.org <mailto:stateandlocal@cfr.org> .
About CFR
The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, publisher, and educational institution dedicated to being a resource for its
members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand
the world and the foreign policy choices facing the United States and other countries. Founded in 1921, CFR takes no institutional positions on matters of policy.
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Uh1oZWlzZW5ob3VyQGNvLmplZmZlcnNvbi53YS51c1gEAAAAAA~~> <https://link.quorum.us/f/a/dbIvI_PtB9JE7DiXsyxmBA~~/AACYXwA~/RgRm-BQLP0QnaHR0cHM6Ly93d3cueW91dHViZS5jb20vdXNlci9jZnIvdmlkZW9zVwNzcGNCCmUUD48V
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