The Trans-Pacific Partnership and the Western Hemisphere Agenda

By Eric Farnsworth, Vice President COA, Washington Office Trade is never a popular topic in a presidential election year, but 2016 may prove to be an inflection point.  For the first time since the Depression, the presumptive candidates of both major political parties have spoken skeptically about trade, one even suggesting that he would renegotiate existing agreements including NAFTA.  Anti-trade sentiment in both Houses of Congress is growing, as the Bernie Sanders wing of the Democrat party expands, the traditional isolationist strain within the Republican party re-emerges, and the center disintegrates.  Ironically, trade is one topic that seemingly unites both sides of the political spectrum, even as the American public decries the deep divisions in Washington.  If George Carlin were still […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]