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.
The APEC meeting turned out to be frosty and cold between the world’s two largest economies, as it did not produce a joint communique at the end. The G20 meeting was more fruitful as China and the US agreed to a temporary trade truce.
The geo-political rivalry between the US and China has expanded into the geo-technological realm. The race for AI dominance and digital economic sovereignty has the potential to dramatically reshape the global balance of power.
Nepal’s ruling Left Unity won 174 seats in the 275-member parliament in December 2017. However, ever since assuming the office of the Prime Minister, KP Sharma Oli has been under public scrutiny and criticism for failing on several grounds.
Following the astonishing display of violence in Paris on the third weekend of the hitherto peaceful gilets jaunes (yellow vest) protests in France, the movement has suddenly been transformed into a major crisis for the presidency of Emmanuel Macron.