Philippines balances security and trade in US-China contest

Political allies have hailed Ferdinand Marcos Jr’s first visit to the US as Philippine president as a “home run”: he secured one of the few bilateral meetings with Joe Biden on the sidelines of the UN General Assembly in New York. The US welcome reflected the decisive steps Marcos is taking to revitalise Manila’s alliance with Washington following a pivot towards China under his predecessor, Rodrigo Duterte. But Manila is attempting to carefully balance ties with its security ally and its powerful neighbour amid concern that it would be on…

Proposed Vietnam-Laos Railway Project to Boost Trade, Connectivity

The Laos-Vietnam railway is a proposed railway project aimed to further boost Vietnam-Laos trade ties. The rail route will connect the port city of Vung Ang in Vietnam to the Lao’s capital Vientiane. The port will give Laos crucial access to the South China Sea and the large markets of South Korea and Japan while boosting logistic supply routes between Laos and Vietnam. The Laos-Vietnam railway is a proposed railway route that would connect the port city of Vung Ang in Vietnam with Laos’ capital Vientiane. The 555km track, estimated…

Farmers fear wider agricultural trade deficit as peso further weakens – Manila Bulletin

News / National / Farmers fear wider agricultural trade deficit as peso further weakens Farmers fear wider agricultural trade deficit as peso further weakens Farmers expressed their fear of wider agricultural trade deficit amid the further declining rate of peso. (Manila Bulletin File Photo) Peso, on Tuesday, Sept. 6, reached a new all-time low record and sank to P57 against the US dollar. The further declining rate of peso, according to peasant group Kilusang Magbubukid ng Pilipinas (KMP), will likely result in wider agricultural trade deficit as imported commodities are…

The New American System: Trade for Workers in the 21st Century

The following is adapted from remarks that former Ambassador Robert E. Lighthizer delivered at the Intercollegiate Studies Institute’s “American Economic Forum” at the Omni Shoreham Hotel in Washington, D.C., on July 29, 2022. Lighthizer served as the 18th United States Trade Representative (USTR) in the Donald Trump administration. It is a great pleasure to be here. The loss of our institutions to extreme liberalism is one of the great crises of our day. The work of the Intercollegiate Student Institute to counter this decline is noteworthy and admirable. For almost 70…

Can crucial trade ties save the world from war? Putin’s invasion has created doubters

The Correlates of War sounds like it could be the title of a thriller from an airport bookstore. But known by its somewhat undignified acronym, the COW project is actually a large collection of research on the history of wars and their causes. And one of the much-debated issues the COW project is still struggling to resolve is over Trade-Peace Theory, the idea that close economic interdependence helps to discourage countries from going to war. As Russian troops marched into Ukraine in February and China sent warplanes soaring over the Taiwan Strait earlier this month, resolving…

China’s durian boom sparks ASEAN alarm over mega trade deal

BEIJING — Durian, Southeast Asia’s “King of Fruits,” is booming in China, where it has already become the country’s top fruit import item in terms of volume and value. The upsurge is being accelerated by the new Regional Comprehensive Economic Partnership (RCEP), which has made it easier for China to import fresh fruits from Southeast Asian nations. It is also becoming a test case on how to include the country in a mega free-trade framework. Source link

Israel, Palestinian militants trade fire in major Gaza escalation – Manila Bulletin

GAZA CITY, Palestinian Territories — Israel hit Gaza with deadly air strikes on Saturday and a Palestinian militant group retaliated with a barrage of rocket fire, in the territory’s worst escalation of violence since a war last year. Smoke billows from an Israeli air strike in Gaza City on August 6, 2022. Israel hit Gaza with air strikes and the Palestinian Islamic Jihad militant group retaliated with a barrage of rocket fire, in the territory’s worst escalation of violence since a war last year. Israel has said it was forced…

VP Sara, Makabayan bloc trade barbs over SONA garb – Manila Bulletin

An irked Vice President Sara Duterte did not mince words when she slammed former Bayan Muna Rep. Eufamia Cullamat over her remarks about her traditional Bagobo Tagabawa dress attire during the State of the Nation Address (SONA), alleging the Makabayan bloc of Congress, of which she is a member, to have ties with communist rebels. Vice President Sara Duterte (left) and Makabayan lawmakers Raoul Manuel, France Castro, and Arlene Brosas (right) (Photos from Albay Rep. Joey Salceda and the Makabayan bloc) The Makabayan bloc, for its part, called out Duterte’s…