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Bridging the Pacific: Toward Free Trade and Investment between China and the United States
Book Data
Forthcoming
ISBN paper 978-0-88132-691-8
278 pp.

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Bridging the Pacific: Toward Free Trade and Investment between China and the United States


by C. Fred Bergsten ,
Gary Clyde Hufbauer and
Sean Miner
assisted by Tyler Moran

Description

The terrain of the world trading system is shifting as countries in Asia, Europe, and North America negotiate new trade agreements. However, none of these talks include both China and the United States, the two biggest economies in the world. In this pathbreaking study, C. Fred Bergsten, Gary Clyde Hufbauer, and Sean Miner argue that China and the United States would benefit substantially from a bilateral free trade and investment accord. In the process, they contend, each country would also achieve progress in addressing its internal economic challenges, such as the low saving rate in the United States.

Achieving greater trade and investment integration could be accomplished with one comprehensive effort or through step-by-step negotiations over key issues. The authors call on the United States to seek liberalization of China's services sector as vital to securing an agreement, and they explain that such contentious matters as cyber espionage and currency manipulation be handled through parallel negotiations rather than in the agreement itself. This is an important study of the benefits and difficulties of a complex matter that could yield dividends to the two economies and help stabilize the security and well-being of the rest of the world.


Other books of interest:
Understanding the Trans-Pacific Partnership
Understanding the Trans-Pacific Partnership
by Jeffrey J. Schott and
Barbara Kotschwar and
Julia Muir
Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment
Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment
by Peter A. Petri and
Michael G. Plummer and
Fan Zhai
Free Trade Agreements: US Strategies and Priorities
Free Trade Agreements: US Strategies and Priorities
edited by Jeffrey J. Schott
American Trade Politics, 4th Edition
American Trade Politics, 4th Edition
by I. M. Destler
US-China Trade Disputes: Rising Tide, Rising Stakes
US-China Trade Disputes: Rising Tide, Rising Stakes
by Gary Clyde Hufbauer and
Yee Wong and
Ketki Sheth