The proposed canal routes (red) crossing through Nicaragua. The Panama canal is marked blue. Image: Soefrm/Wikimedia
This article was originally published by Offiziere.ch on 5 December, 2014.
A Chinese company is preparing to begin work on the Nicaragua Interoceanic Canal. Once — and if — the canal is ever finished, it will size up to more than 170 miles (about 275 km) and connect the Caribbean Sea to the Pacific Ocean, with Lake Nicaragua in the middle. It’s a major project — larger than any other geo-engineering project underway in the world. Officially, it’s an opportunity for development championed by Nicaraguan President Daniel Ortega. But critics look at the canal as a boondoggle, and a means by which Ortega is developing a long-term relationship with Beijing — and China’s geopolitical interests. The builders of the canal also have important ties with the Chinese People’s Liberation Army (PLA). » More
Parliament House in Canberra, Australia. Photo: JJ Harrison/Wikimedia Commons.
When the United Kingdom (UK) sought to join the European Economic Community (EEC) in the early 1970s, it stirred a backlash in Australia. Because its prime exporters enjoyed easy access to the large British market, many feared a possible collapse would occur in bilateral trade. Today, the debate over whether the UK should remain in the EU attracts few headlines in Australia. It is not a replay of the previous EEC debate. Nevertheless, a British “no” vote in the 2017 referendum could yet again have negative consequences for the economic relationship between the two countries. This time, however, Australia wants the UK to stay in the grand ‘European Project’ rather than to stay out.
Much has clearly changed since the 1970s. Back then, Western Europe’s Common Customs Tariff and Common Agricultural Policy (CAP) represented substantial trade barriers for Australia’s major exporters. When the UK finally did join the EEC, Canberra not only lost its preferential access to an alternative export market, it also deepened its rift with Brussels. In the years that followed, Australia-EU relations therefore continued to suffer from ongoing trade disputes, several of which ended in international legal proceedings. » More
Container Ship. Photo: Daniel Ramirez/flickr.
Is an “economic NATO” possible? This striking – and perhaps misleading – expression has been used by some commentators to convey a possible outcome of negotiations between the United States and European Union over the creation of a Transatlantic Trade and Investment Partnership (TTIP). The origins of this proposed partnership date back to November 2011, when a joint High Level Working Group (HLWG) on Jobs and Growth began discussing shared priorities. The HLWG delivered its final report in February 2013, and highlighted a range of options for expanding transatlantic trade and investment. Brussels and Washington are expected to give the green light for negotiations shortly, with talks possibly starting before the summer recess.
It remains unlikely that negotiations will result in a “fortress scenario” in which the US and EU mutually protect themselves from rising economic powers. What can be anticipated, however, is that the TTIP will have significant consequences for global economic security, irrespective of its final shape and structure. » More