Trade deal could slam Canadians with rising consumer, health care and education costs. The Trans Pacific Partnership (TPP), a proposed trade agreement that encompasses nearly 40 per cent of world GDP, heads to Hawaii later this month for ministerial-level negotiations. According to media reports, this may be the final round of talks, with countries…
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Key Republican members of Congress on Tuesday (July 21) said plans to hold a formal conference to reconcile differences between the House and Senate versions of the pending customs and enforcement bill have been delayed due to a snag in informal negotiations, but reiterated their aim wrap up the conference before the August recess. […
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Trade negotiators are aiming to tackle the most difficult outstanding issues in the Trans-Pacific Partnership (TPP) talks, including intellectual property (IP), market access for goods, and state-owned enterprises, when they meet beginning Friday (July 24) for a negotiating round and subsequent ministerial in Hawaii. [ July 21, 2015 | Inside U.S. Trade ] New Zealand’s…
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China is reverting to credit stimulus after attempts to engineer a stock market boom failed horribly. The day of reckoning is delayed again. [ by Ambrose Evans-Pritchard | July 22, 2015 | The Telegraph ] China is engineering yet another mini-boom. Credit is picking up again. The Communist Party has helpfully outlawed falling equity…
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Textile and apparel producers from countries included in both the African Growth and Opportunity Act and Central American Free Trade Agreement are pushing the Office of the U.S. Trade Representative to ensure that a Trans-Pacific Partnership (TPP) deal does not wipe out their benefits by giving Vietnam an upper hand in the U.S. market.…
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BUFFALO — Along a bend in the Buffalo River here, an enormous steel and concrete structure is rising, soon to house one of the country’s largest solar panel factories. Just to the south, in the rotting guts of the old Bethlehem Steel plant in Lackawanna, where a dozen wind turbines already harness the energy…
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Press Releases July 16, 2015Portman, Brown Continue Push for Stronger Currency Manipulation Enforcement in ongoing Trade Negotiations [Reposted from the site of Sen. Rob Portman | July 16, 2015] Washington, D.C. – Today, U.S. Senators Rob Portman (R-Ohio) and Sherrod Brown (D-Ohio) continued their push to crack down on currency manipulation by foreign competitors, urging…
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(Editorial note: China continues to restrict its currency to a “trading band” rather than an inflexible peg.) On July 21, 2005 Chinese monetary policy makers surprised the country’s trade partners by revaluing the yuan 2.1% higher against the dollar, ending a fixed exchange-rate regime that angered officials in the U.S., Europe and Japan and…
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Twelve Democratic senators are calling on the conference committee for a pending customs and trade enforcement bill to delete proposed language that would prevent the United States from negotiating provisions on climate change in trade agreements, amid doubts that the conference will happen at all. [Reposted from Inside US Trade | July 20, 2015] In…
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IBM is advancing rapidly into new fields like data analytics, cloud computing and mobile applications. And while the technology company’s second-quarter results showed encouraging progress in those businesses, it was not enough to translate into growth for the company as a whole. [ by Steve Lohr | July 20, 2015 | NY Times ]…
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