The recent G20 summit in Osaka in June failed to deliver a breakthrough in the growing US-China rivalry over trade and technological supremacy. Like the rest of the world, Europe is feeling the heat of the trade war US President Donald Trump unleashed against China. As a resolution of this tug-of-war is not in sight, the EU’s new leadership should start preparing a comprehensive response.
This week’s featured graphic provides an overview of Algeria and Egypt’s top trading partners. Russia’s absence from the top five trading partners list of either country highlights that despite Moscow’s revival of its ties with Cairo and Algiers, it remains overshadowed by other actors in the economic sphere. To find out more about Russia’s strategy in the Middle East and North Africa, read Lisa Watanabe’s chapter for Strategic Trends 2019 here.
This graphic shows how the the overall level of internal trade among the member states of the Eurasian Economic Union (EAEU) remains relatively low at 14.6 percent, especially when compared to the European Union (EU), where around 64 percent of trade was between members in 2017. The graphic also shows the percentage of external trade for both unions. For an insight into Russia’s policy towards the EAEU and how this fits into Moscow’s Eurasian strategy, see Jeronim Perović’s chapter in Strategic Trends 2019 here.
This week’s featured graphic charts the ten countries most affected by Chinese non-tariff trade measures as of 2018, with the US topping the list. For an analysis of how this has influenced the trade policy of the Trump administration, read Jack Thompson’s chapter for Strategic Trends 2019 here.
This graphic maps the volume of trade between members of the Eurasian Economic Union (EAEU), including Russia, Kazakhstan, Kyrgyzstan, Armenia and Belarus. For an analysis of the role the EAEU plays in Russia’s Eurasian strategy, see Jeronim Perović’s chapter in Strategic Trends 2019 here. For more CSS charts and graphics, click here.