Downbeat views prevail in G20 countries as summit begins
As this year’s G20 summit begins in Russia, just 37% of people in participating nations think their country’s economic situation will improve in next year.
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Prime Minister Shinzo Abe’s announcement that Japan will join negotiations to create a Trans-Pacific Partnership with the U.S. and other Pacific Basin nations won early support from the Japanese people, according to snap surveys following his statement. The decision was also welcomed in official circles in Washington, D.C., where the Obama administration has long supported Japan becoming party to the talks.
Japan’s decision to join negotiations to create a Trans-Pacific Partnership with the United States and other Pacific nations reflects, in part, the sea change in public opinion that has transformed U.S.-Japan relations. The upcoming TPP negotiations will be contentious. But the political context in which these talks will take place is far more supportive than ever before.
The ultimate public verdict on a U.S.-EU trade and investment agreement has yet to be rendered, but on the eve of such negotiations, both Americans and Europeans seem disposed to try.
The year ahead promises both challenges and opportunities for transatlantic relations. The next 12 months could prove to be consequential for both security and economic ties between Europe and the United States.
What does Obama’s return to the White House portend for U.S.-China economic relations? The U.S. public wants Washington to ratchet up the pressure on Beijing, but history suggests that there are geo-political constraints to doing so.
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