SOTU to Faltering: Earlier this week, it was speculated that President Obama might mention the launch of a trans-Atlantic trade agreement in his upcoming State of the Union address. Indonesia's candidate to lead the World Trade Organization, Mari Pangestu, publicly speculated that a U.S.-EU trade pact would serve as a catalyst for moving the long-stalled Doha negotiations to a conclusion. Today, there is no agreement whether, let alone when, such a trade negotiation would be initiated. The U.S. is demanding commitment to a comprehensive and significant set of objectives. Otherwise, countries participating in the already launched Trans-Pacific Partnership (TPP) negotiations might interpret that Washington is willing to settle for a watered...