economic diplomacy

The outcome of the U.S. election has created considerable uncertainty at the country’s future policy directions towards the Asia Pacific. While it is difficult to predict how U.S. economic diplomacy in the region will change [...]. As a general rule, the United States has had more care for the development of the international system of global trade and investment than many other countries. 

Now there are serious decisions that need to be made in the coming months and years by Japanese foreign policy makers. Both an independent and new foreign policy for Japan in different parts of the world and a new approach to the alliance system with the U.S. may be necessary. Globetrotting may make Japan more visible up to a certain point. 

Chinese Premier Li Keqiang's just-concluded eight-day Eurasia trip, encompassing Kyrgyzstan, Kazakhstan, Latvia, and Russia, from November 2 to 9 is highly significant in enhancing Chinese economic diplomacy on the international stage. Li's trip gives a strong signal to the rest of the world that China is ready to play a leading role in regional and international affairs. 

Kenya has recently enhanced its "soft power hegemony" through its economic diplomacy, defined as the strategic use of wide-ranging economic tools and opportunities available to the state to achieve its national interest. Since 2013, Kenya has projected its soft power through economic diplomacy, in turn, transforming the country into 'a global soft power'.

August 25, 2016

During 2016, Korea has shown renewed efforts on the economic diplomacy front, particularly so towards Latin America. In that region, free trade agreements (FTAs) are in place with Chile, Peru, and Colombia ― the latter of which came into force July 15. Currently, multilateral negotiations are underway with countries from the Central American Integration System (SICA) since June and bilaterally with Ecuador since August 2015. 

Headlines explore the public diplomacy potential of economic cooperation in Africa, Asia and the United States.  

Asia is looking to complete a major economic agreement by early 2017 that offers the chance to lift its growth closer to potential by locking in domestic reform and liberalisation through regional cooperation. The Regional Comprehensive Economic Partnership (RCEP) agreement is Asia’s response to the Trans-Pacific Partnership (TPP) and heralds the next phase in Asian economic cooperation. 

China has quickly changed before the world’s very eyes, becoming a global superpower and ironically, an impressive leader in capitalistic growth and economic supremacy. [...] These changes in China’s branding and it’s increasingly “Western” appeal have led to an influx of eager businessmen arriving in China with the hopes of enjoying a piece of the “prosperity pie”.

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