See Credit Details Below
Overview
The U.S. government implements a range of measures in response to geopolitical and national security threats, including economic sanctions, export controls, screening of inbound foreign investment and (potentially, as currently proposed) certain outbound investment, import and supply chain restrictions, industrial policy, and reorientation of preferential trade arrangements towards allies.
This constellation of policies falls under the rubric of “economic statecraft,” whereby a country’s government uses economic tools to achieve foreign policy goals and strategic objectives without resorting to the use of force. Notable examples include the U.S. policy response to Russia’s invasion of Ukraine and the U.S.-China strategic competition.
Understanding the impacts of such economic statecraft tools is of paramount importance for those involved in cross-border trade and investment, and related business planning.
Anthony Rapa is a partner at Blank Rome LLP and leads the firm’s National Security team. During his 15 years of practice, he has advised clients across a range of industries, including aerospace and defense, technology, software, semiconductors, automotive, and telecommunications, on international risk issues such as economic sanctions, export controls, and foreign investment reviews. Please join Mr. Rapa as he discusses:
- Overview of economic statecraft tools and the changing landscape [5 minutes]
- Economic sanctions [7 minutes]
- Export controls [7 minutes]
- Investment screening [7 minutes]
- Import and supply chain restrictions [7 minutes]
- Industrial policy [5 minutes]
- “Friend-shoring” [5 minutes]
- Other countries’ usage of economic statecraft [6 minutes]
- Practical considerations for cross-border trade and investment [6 minutes]
- Where we go from here [5 minutes]
Program Level: Update
Prerequisites: None
Advanced Preparation: None
Faculty:
Anthony Rapa
Blank Rome LLP