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CSIS: Reinvigorating U.S. Economic Strategy in the Asia Pacific

Popularity 2Viewed 455 times 2017-1-18 11:11 |Personal category:战略,教授|System category:Others| strategy

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Reinvigorating U.S. Economic Strategy  in the Asia Pacific
Recommendations for the  Incoming Administration


COMMISSION COCHAIRS
Charlene Barshefsky
Evan?G. Greenberg
Jon?M. Huntsman?Jr.

A REPORT OF THE CSIS ASIA ECONOMIC STRATEGY COMMISSION
JANUARY?2017

iv The CSIS Asia Economic Strategy Commission
v Preface
vi Acknowl edgments
vii Executive Summary
1 CHAPTER 1 | Introduction
6 CHAPTER 2 | The Asia- Pacific Landscape
17 CHAPTER 3 | Keys to a Successful?U.S. Strategy
23 CHAPTER 4 | Recommendations
38 About the Commissioners
41 About the Proj ect Directors and Staff


Recommendations

1. Articulate a clear vision of the United States  as a Pacific power
Specific Implementation Steps
a. Include an explicit reference to Amer i ca’s role as a Pacific power in the president’s inaugural address, and follow up with a major domestic policy speech on the importance of the Asia Pacific to Amer i ca’s  future.
b. In the first year of the administration, prepare a Presidential Policy Directive (PPD) on U.S. strategy  toward the region, with economics at the core, that  will orient and align agency activities throughout the administration and best mesh with the way Asian countries view their own economic and security interests.
c. Begin planning early for the president’s first trip to Asia and ensure annual—if not semiannual— presidential trips to the region as well as regular high- level interaction with Asian leaders at other international gatherings.
d. Strengthen the President’s Export Council (PEC) and the Advisory Committee for Trade Policy and Negotiations (ACTPN) as forums for engaging the private sector and state and local officials, including governors and mayors, on U.S. foreign economic policy. Tangible outcomes are critical.

2. Complete TPP, and continue working to open markets  and strengthen rules in the Asia Pacific
Specific Implementation Steps
a. Engage with trading partners to remedy TPP as needed, and then prepare the ground with Congress, industry, and the American public for ratification and vigorous enforcement of TPP.
b. Conclude a strong TiSA agreement and expand it to other key trading partners.
c. Conclude high-standard investment agreements with non-TPP economies, including China, India, and Indonesia.
d. Step up work in APEC to promote high standards for trade and investment and build capacity in the region’s less-developed economies.
e. Revive multilateral rulemaking on government procurement by proposing, as a first step, an agreement on transparency in government procurement separate from market access obligations, with the latter to follow.

3. Take action to ensure that the U.S.- China relationship  is mutually beneficial
Specific Implementation Steps
a. In an early call with the Chinese president, President Trump should make clear that the incoming administration is determined to have a mutually beneficial relationship with China,  will identify areas for potential cooperation as well as priority areas of concern, and? will take forceful action to defend U.S. security and economic interests. The president should stress that talk  will not substitute for the further reform and opening that  will be required if the United States and China are to maintain productive relations.
b. In that first official presidential call, propose the transformation of the S&ED and JCCT through a new framework for high- level dialogue on major issues in the U.S.- China relationship that includes the following ele ments:
i. Annual “Sunnylands- style” (i.e., extended and informal) summits between the two leaders that establish bilateral priorities and goals, and commitment to review progress on these goals on a regular basis.
ii. Small, elevated forums in relevant functional areas between the  actual decisionmakers in the two systems designated by the two leaders. For example, the U.S. trea sury secretary and the director of the Chinese Communist Party’s Finance and Economics Leading Small Group would lead the resolution of macroeconomic, financial, and related issues.
iii. A regular, informal channel between the national security adviser and the director of the National Economic Council (NEC)— the U.S. president’s top foreign policy and economic advisers, respectively— with the closest and most se nior advisers to the Chinese president on priorities in the U.S.- China relationship and the timeline for action. This 2x2 group should meet in person at least twice a year and have virtual exchanges on an ad hoc basis as issues arise.
c. Use existing U.S. laws, such as the Trade Act of 1974 (as amended), to more actively investigate Chinese unfair trade and investment practices and develop action plans to address  those practices. Allocate sufficient resources to ensure robust enforcement of existing trade laws. Work with Congress to consider new  legal tools to support U.S. economic interests.
d. Seek to conclude a high- standard investment agreement with China that provides robust protections from discriminatory policies for U.S. companies operating in the Chinese market and vastly opens China’s market to U.S. investment in both nature and scope, as provided in the United States. Continue to monitor Chinese FDI inflows and seek to maximize the benefits of  these investments while insisting on reciprocal treatment of U.S. investment and investors in China.
e. Convene a pro cess for regular engagement of stakeholders in the private sector and  civil society to assess the state of the U.S.- China relationship, with specific attention to issues inconsistent with mutually beneficial economic relations. Issue an annual public report summarizing the findings of this pro cess and benchmarking against the previous  year.

4. Take action to maintain?U.S. technological leadership
Specific Implementation Steps
a. Develop a pro- innovation strategy at home that includes investment in infrastructure and education, tax and regulatory reform, and increased federal investment in R&D.
b. Actively promote the adoption of standards developed or preferred by the U.S. private sector in regional organ izations and international institutions, and ensure effective repre sen ta tion of the United States in international standards- setting bodies.
c. Strengthen and build on APEC members’ commitment to existing APEC investment and innovation princi ples,5 and work through APEC and other relevant forums to root out localization requirements and restrictions on cross- border data flows.
d. Implement key recommendations of the 2013 IP Commission Report6 (the Huntsman- Blair report), among  others:
i. Require the Securities and Exchange Commission to judge  whether companies’ use of stolen IP is a material condition that  ought to be publicly reported.
ii. Greatly expand the number of green cards available to foreign students who earn science, technology, engineering, and mathe matics degrees in American universities and who have a job offer in their field upon graduation.
iii. Establish a quick- response capability to sequester imported goods that incorporate stolen or pirated materials or  were made with a business pro cess that includes illegally procured intellectual property, strengthening the existing Section?337 pro cess of the Tariff Act of 1930.
e. Use Executive Order 13694 to aggressively deter cyber- enabled theft of American IP. This provision, issued by President Obama in 2015, authorizes the government to sanction individuals and entities that conduct cyber- enabled activities that threaten U.S. national security, foreign policy, economic health, or financial stability.

5. Bring U.S. strengths to the infrastructure push across Asia
Specific Implementation Steps
a. Develop a set of princi ples for governing infrastructure investment that promote transparency, regulatory certainty, and a level playing field for U.S. business. Work with partners to refine and gain ac cep tance for  these princi ples across the Asia Pacific.
b. Win support for MDBs to design a comprehensive regional infrastructure blueprint based on  these princi ples.
c. Within this plan, work with the World Bank, ADB, AIIB, and national governments to designate priority proj ects as a means of coordinating partners and improving proj ect viability, including through creation of PPFs in de pen dent from governments that can work with national officials to prepare and seek funding for specific proj ects.
d. Increase infrastructure- related technical assistance through the U.S. Trea sury Department, USAID, and Trade and Development Agency (USTDA). Enhance collaboration with the private sector to run courses on procurement excellence and other topics necessary to build a more informed customer base.
e. Benchmark current U.S. export- support efforts against regional commercial competitors (including allies) and significantly expand the resources and product offerings of the Ex- Im and OPIC to support the competitiveness of U.S. products and ser vices.
f. Build on the U.S.- ASEAN Connect initiative,7 launched at Sunnylands in February?2016, by expanding the number of one- stop- shop centers across Southeast Asia to better coordinate U.S. economic engagement on infrastructure, information and communications technology (ICT), and energy, and to connect more entrepreneurs, investors, and businesses with each other.

6. Update and uphold the Asia-Pacific economic architecture
Specific Implementation Steps
a. Sustain high- level participation in key regional forums, including regular participation by the president at the EAS, APEC, and U.S.- ASEAN summits.
b. Invite ASEAN leaders to the United States in 2017 for a U.S.-ASEAN summit, building on the gains made at the 2016 Sunnylands summit.
c. Review and adopt key recommendations on institutional reform in the Atlantic Council’s 2015 Shaping the Asia- Pacific  Future report.
d. As part of an overall effort to reinvigorate APEC, work to strengthen the PSU’s efforts to improve regional data quality and monitoring and spread best practices. Promote the PSU as?an incubator for regional standard- setting efforts and a hub for private- sector engagement on standard setting.
e. Building on APEC’s vital role in encouraging voluntary cooperation and best practices, work with allies and partners to improve the level of cybersecurity awareness across the region. Promoting sound understanding of cybersecurity is critical to building support for the multi- stakeholder model of Internet governance and other U.S. priorities, such as ensuring the  free flow of data.
f. Reinforce the under pinnings of regional institutions and strengthen U.S. educational and ideational linkages with Asia by promoting U.S.- style education centers in the region (such as Fulbright University Vietnam) and encouraging greater linkages between U.S. and regional policy institutions (such as think tanks).
g. Continue to promote greater regional financial integration by supporting stronger domestic capital markets in ASEAN countries.

7. Work with Congress to rebuild?U.S. leverage and?fully resource?U.S. priorities in Asia
Specific Implementation Steps
a. Request that Congress establish a high- level, bipartisan advisory group, including elected officials from local governments, members of Congress, and leading technical experts on economics, trade, security, global value chains, and technology, to investigate and make recommendations for improving U.S. economic intelligence and analytical capabilities in the Asia Pacific.
b. Conduct a review of U.S.  legal authorities for responding to IP theft, market access barriers, and related impediments, as well as a review of resources for enforcement, and enhance both as appropriate.
c. Work with Congress to develop fully resourced programs to deter unfair competition and curb market- distorting policies in the region.
d. Direct the Government Accountability Office (GAO) to assess  whether U.S. Customs and Border Patrol (CBP) is effectively enforcing existing legislation, such as on  human rights, the environment, forced  labor, and inspections of products that violate IPR and product safety standards.
e. Expand funding for the hiring of Asia specialists, including  those with language capability, in?the Departments of State, Trea sury, Commerce, and the Office of the U.S. Trade Representative (USTR) and the intelligence community.
f. Increase the number and range of fellowships (such as the Franklin Fellowships) for individuals from the private sector to transition into the public sector (and vice versa), to help with public- private information sharing.
g. Increase funding levels for civil society exchange programs active in Asia, especially the IVLP, and set aside more funding for scholarship programs aimed at training next- generation leaders from less- developed countries in Asia.

8. Build an effective interagency Asia economic team coordinated by the White House
Specific Implementation Steps
a. Designate the national security adviser and the head of the NEC as the primary officials responsible for implementation of the Presidential Policy Directive on U.S. Asia- Pacific strategy (see recommendation 1b), including its economic dimensions.
b. Designate a single se nior official, reporting directly to both the national security adviser and the NEC director, as responsible for overseeing and coordinating U.S. economic strategy  toward Asia.
c. Establish a standing interagency committee chaired by this official that designs and implements Asia economic strategy, pulling in key Asia and economic policy officials from across government, including national security agencies, as well as implementing agencies, such as Ex- Im and OPIC. Outreach to key stakeholders— including Congress, local governments, and the private sector— should be a priority for this group.
d. Reduce reporting and other routine requirements for State and Commerce officers at post, particularly in the Asia- Pacific region, and better channel their energies toward collaboration and value- added contributions to strategic economic policymaking.

 

(Opinions of the writer in this blog don't represent those of China Daily.)


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Comment Comment (2 comments)

Reply Report mauriciomunhoz 2017-3-6 10:54
thank you for recommendation
Reply Report wangbeijing 2017-3-13 20:40
fine

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