(Reuters) – China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. [Reposted from Reuters | Tom Miles | July 31, 2015] The ruling noted, however, that China had stopped applying…
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Administration officials are desperately trying to wrap-up Trans-Pacific Partnership (TPP) negotiations in the next few days or so. If they can get it done right now, it enables a timeline for pushing it through Congress by the end of the year — before the public can rally opposition, and before the Presidential campaign season could bring…
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U.S. Trade Representative Michael Froman. Photographer: Nicholas Kamm/AFP via Getty Images High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over dairy and vehicle policies trumped progress in other areas. The dialogue may resume within weeks. [Reposted from Bloomberg Business | Carter Dougherty | …
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Hillary Clinton appeared to take another step away from the Trans-Pacific Partnership on Thursday, telling reporters that she didn’t work on the controversial trade deal while serving as President Barack Obama’s secretary of state. [Reposted from Bloomberg Politics | Josh Eidelson | July 30, 2015] The Democratic presidential front-runner, who advocated for a multi-lateral Asia trade agreement as…
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The U.S. on Thursday abandoned its longstanding position on the confidentiality of some patent data as officials immersed themselves in the minutiae of Asia-Pacific dairy markets in a bid to clinch a landmark trade deal. [Reposted from Bloomberg Business | Carter Dougherty | July 31, 2015] A day marked by widespread frustration with the slow…
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Supporters of the Export-Import Bank are worried about its future after losing a battle with conservatives this month to renew its charter. [Reposted from The Hill | Kevin Cirilli | July 30, 2015] The bank’s proponents say Ex-Im has the money to get by over the next two months, and they note that appropriators have…
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A small crop-duster manufacturer and a Texas company that exports oil equipment fret about losing 25 percent to 40 percent of their sales. The president of a trade-financing firm says many of his 1,000 clients could see their Christmas season business plummet. And Boeing said Wednesday that it is considering moving portions of its sprawling…
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Pope Francis says when the economy controls politics both lose … When economics takes over we tolerate anything for the sake of the dollar.”– Sister Simone Campbell [Reposted from the Campaign for America’s Future blog | Dave Johnson | July 28, 2015] Cheap labor is the whole point of our NAFTA-style trade agreements. Companies get…
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Top officials from 12 Asia-Pacific nations formally kicked off a four-day bid to hammer out a massive but so far elusive free-trade agreement that has been in the works for 6 years. [Reposted from Bloomberg Business | Carter Dougherty | July 29, 2015] Speaking at the opening plenary of the Trans-Pacific Partnership talks in Hawaii,…
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The TPP (Trans Pacific Partnership), TTIP (Transatlantic Trade and Investment Partnership), and TISA (Trade in Services Agreement) are currently being negotiated behind closed doors all over the world. They all include ISDS a clause that allows a secret global court to arbitrate disputes between multinationals and the countries they operate in. This court meets none…
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