The Global Arms Trade: “Hyundaisation” Threat from New Suppliers?
Synopsis
A recent article in the Wall Street Journal warns of new suppliers of cheap, “good enough” weapons flooding the global arms market. This concern is overblown, and traditional arms exporters in the United States and Europe will continue to dominate the global arms trade for some time to come.
Trade Agreement Showdown at the APEC Meeting in Beijing: What Can We Expect?
The race is on between the United States and China to dominate the rules-setting game for trade by being the first to be able to announce plans for a free trade area in the Pacific Rim. China hopes to use its position as this year’s chair of the Asia-Pacific Economic Cooperation (APEC) forum to propose a feasibility study on a Free Trade Agreement for the Asia-Pacific (FTAAP), first mooted in 2006. In other words, negotiations towards an FTAAP would commence, for all practical purposes.