The revised KORUS FTA was implemented on January 1, 2019. While South Korea made concessions on automobiles, steel and aluminum, the US only promised to ease Korean textile exports to America. The FTA can be a model for US trade deals with other Asian countries.
In October 2018 during the China-Japan Forum on Third Country Business Cooperation, over 50 Memorandums of Understanding were signed. The most important one was on financial support for Chinese and Japanese companies in their business cooperation in third countries.
Making the Quadrilateral Security Dialogue (Quad) more than a buzzword, on 15 November 2018, leaders of Australia, India, Japan and the United States met on the sidelines of the 13th East Asian Summit in Singapore.
In the local elections in late November 2018, the KMT was surprisingly revived thanks to the DPP’s policy failures. The KMT not only successfully won three special municipalities, it also occupied more seats than the DPP in five special municipalities’ parliaments.
On November 24, 2018, Taiwan held its mid-term election or its “Nine-in-One Election.” By almost every measure, the KMT won big, and the DPP lost big. President Tsai Ing-wen resigned as chair of the DPP, signifying the failures of her administration.
Indian Prime Minister Narendra Modi’s visit to Japan on October 28, 2018 as part of the 13th annual summit between the two countries had brought to the fore the dynamics of the Indo-Japan bilateral relationship amidst the shifting contours of global politics.
It is more than 21 years since Hong Kong became a Special Administrative Region of China. Much has happened that is positive since 1997. At the same time there have been recurring political incidents and stand-offs. Could the HKSAR see a positive future within China?
It’s on everybody’s lips: the smoother relationship between China and Japan, the world’s second and third economies. The conventional explanation for this round of cozying up is that the common challenge of trade wars is uniting the two Northeast Asian rivals.
Japanese Prime Minister Shinzo Abe’s landmark three-day visit to Beijing from October 25-27, 2018, exemplifies the changing undertone in the fragile relations that have been severely affected by territorial disputes and contentions over Japan’s past aggression.
In recent weeks, some top members of Taiwan President Tsai Ing-wen’s party have warned her that US President Donald Trump will likely terminate and may even reverse America’s recent pro-Taiwan actions and policies.