Friday, February 25, 2022

Sometimes a trade deal is just a trade deal

[Originally posted in 2014; reposting in light of Russian invasion of Ukraine]
Barack Obama, 10 November 2011 --

Russia’s World Trade Organization (WTO) accession would be yet another important step forward in our reset of relations with Russia, which has been based upon the belief that the United States and Russia share many common interests, even as we disagree on some issues. Whether cooperating to supply our forces in Afghanistan, securing nuclear materials, or achieving the New START Treaty, the United States and Russia have demonstrated the ability to produce “win-win” outcomes on security issues. Russia’s dramatic step today towards joining the WTO underscores our ability to cooperate also on economic issues of mutual interest.

[previous item in this series]

Peace through trade

[originally posted September 2016; reviving given the Russian invasion of Ukraine]

That was once the Obama Administration theory about how to get Russia onside. From Foreign Policy, May 2011; the context is that Russia was seeking to join the World Trade Organisation (WTO), but since admission of new members is by consensus, Georgia, which has territory occupied by Russia, could have blocked it --

... Obama and Russian President Dmitry Medvedev met on the sidelines of the G-8 summit in France. A senior White House official told ABC News after the meeting that Obama has "personally been engaged in" the issue for months, and actually set up the Swiss negotiations and convinced both the Russian and Georgian leaders to attend. The senior official also compared the Georgians to the Palestinians, saying that, with regard to Georgia’s desire to end the Russian occupation, "[T]he WTO is not the forum in which to resolve this… like the Palestinians pursuing the vote at the U.N." "We think that Russian accession to the WTO will be good for the Russian economy, will be good for the U.S. economy, it will be good for the world economy," Obama said today. "And we are confident that we can get this done." There are also signs that senior administration officials have placed pressure on Georgia to make a deal ...

Bonus points for the Administration's then analogy between the Georgians and the Palestinians regarding how to resolve occupied territory!