AS U.S. TRADE DEFICIT WIDENS, SENS. BROWN, SESSIONS, SCHUMER, GRAHAM, STABENOW, BURR, COLLINS, AND CASEY INTRODUCE BIPARTISAN BILL TO HOLD CURRENCY MANIPULATORS LIKE CHINA ACCOUNTABLE FOR UNFAIR, ILLEGAL TRADE PRACTICES Bipartisan Jobs Bill – that Passed the Senate in 2011 – Could Create More than Two Million Jobs by Leveling the Playing Field for American…
One of the biggest trade distortions we face overseas is the foreign value added tax (VAT). The U.S., when it was more strategic and less stupid, tried kinda hard, but failed, to neutralize foreign VATs without doing our own VAT. Red countries have a VAT. Blue countries do not. The problem is that other countries…
Washington ~ The Coalition for a Prosperous America (CPA) is pleased to support the “Currency Exchange Rate Oversight Reform Act of 2013″ which was introduced today by Senators Brown, Sessions, Schumer, Burr, Stabenow, Collins, Casey and Graham. (Bill Summary, PDF download). The bill will allow U.S. producers to neutralize foreign currency manipulation by categorizing the practice…
Reposted from the National Farmers Union’s website FOR IMMEDIATE RELEASEMay 2, 2013 Contact: Melisa Augusto, 202-314-3191[email protected]Dan McEvily, 202-314-3104[email protected] WASHINGTON (May 2, 2013) – With the May 23 deadline looming for the U.S. Department of Agriculture (USDA) to issue a final rule on COOL, in order to comply with a WTO ruling, National Farmers Union (NFU) President Roger…
(Click here to tell your Representative to sponsor the currency bill. Its really working). The Currency Reform for Fair Trade Act (HR 1276) is gaining co-sponsors at a rapid clip, from both parties. This is the same bill that passed the House in 2010 by a wide bi-partisan margin. As of last Friday, there were…
Here are some materials on trade law enforcement issues that are crucial to understanding what’s going on in the 113th Congress. The main flyer CPA has been using to educate policy makers is here. It describes the problem of “duty evasion” and the need for the ENFORCE Act (HR 1440, 113th Cong.). CPA members and others…
CPA is a strong supporter of trade law enforcement. There is an entire industry built around duty evasion. “Duty evasion” is any means used by manufacturers, exporters, and importers of goods subject to antidumping and countervailing duty orders to illegally or fraudulently evade the duties that have been imposed by the US government. One of…
The International Trade Commission is conducting an investigation into the economic impact of the Korea Free Trade Agreement on small and mid-sized enterprises (SME) in the U.S. Oddly, or perhaps predictably, they are only looking for anecdotes on export opportunities for SMEs. CPA members met with the ITC as part of this investigation. We let…
Here is a good resource on EU Value Added Taxes issued by the European Commission in 2013 called “VAT Rates Applied in the Member States of the European Union.” It has a comprehensive list of EU member state VAT rates, both general and reduced rates. Update: Here is a 2012 KPMG report on VAT rates across the…
News Release Contact: Sara Haimowitz, [email protected], 202.688.5145 ~ One week after CPA’s annual legislative fly in, in which members visited 105 Congressional offices, a bill to address persistent foreign currency undervaluation is being filed. Representatives Sander Levin (D-MI), Tim Murphy (R-PA), Tim Ryan (D-OH), and Mo Brooks (R-AL) introduced the bipartisan “Currency Reform for Fair Trade…
