Tuesday, September 16, 2014
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Punke Says U.S. Willing To Clarify Peace Clause, As WTO Enters Key Month

Deputy U.S. Trade Representative Michael Punke on Monday (Sept. 15) publicly announced for the first time that the United States since July has been willing to offer India a clarification on the length of a food security peace clause agreed to by World Trade Organization ministers last December in Bali, if India agrees to drop its opposition to implementation of the Trade Facilitation Agreement (TFA).

U.S. Refuses To Change National Security Exemption In Safe Harbor Talks

The U.S. ambassador to the European Union has made clear the administration plans to respond to demands from the European Commission for a tight national security exemption from the data privacy rules in the Safe Harbor framework with nothing more than an explanation of its current policy applicable to commercial transactions.

House Dems Blast Ex-Im Extension, But Don't Threaten 'No' Vote On CR

House Democratic leaders are ramping up their criticism of a nine-month extension of the Export-Import Bank's charter proposed by Republicans as part of a continuing resolution (CR) to fund the government through mid-December, but have stopped short of calling on their caucus to vote against the CR, which is slated to come to the House floor this week.

Lew Presses Chinese Vice Premier Wang On Anti-Monopoly Enforcement

Treasury Secretary Jack Lew has pressed Chinese Vice Premier Wang Yang in a formal letter about China's enforcement of its anti-monopoly law (AML), according to informed sources, in a sign that mounting U.S. business complaints regarding the law have reached a high political level.

Choi Says KORUS Implementation Actions Not Tied To Future TPP Bid

SEOUL -- A senior South Korean trade official on Friday (Sept. 12) rejected the notion that Seoul's efforts to resolve problems that have arisen in implementing the bilateral U.S.-Korea free trade agreement (KORUS) are largely being taken with an eye toward eventually joining the Trans-Pacific Partnership (TPP).

South Korea Weighs Potential TPP Entry After Negotiations Are Concluded

SEOUL -- A senior South Korean trade official said his government is weighing the prospect of requesting entry into the Trans-Pacific Partnership (TPP) after the negotiations are completed but before major parties like the United States have ratified the deal, in order to avoid a drawn-out TPP accession process.

Daily News
World Trade Organization
Top Stories
  • De Gucht: U.S., EU To Present ITA Compromise To China In A Matter Of Days

    European Trade Commissioner Karel De Gucht said the United States and European Union are aiming to release in a matter of days a joint compromise proposal for China in the hope of breaking the current deadlock in the negotiations on expanding the Information Technology Agreement (ITA).

  • De Gucht: EU, U.S. Willing To Clarify Peace Clause To Free Up WTO Deadlock

    The United States and European Union are willing to provide India with a clarification of the peace clause protecting food security stockholding programs from legal challenges at the World Trade Organization in order to break a deadlock over implementation of the Trade Facilitation Agreement (TFA), but are not willing to adopt a completely new approach on this issue, according to European Trade Commissioner Karel De Gucht.

Around the World
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  • Italian Agriculture Minister Predicts GMO Cultivation Deal By Year-End

    Italian Agriculture Minister Maurizio Martina last week predicted the European Union will reach a final agreement on a proposal that would allow EU member states to ban the cultivation of genetically modified crops in their territory otherwise approved for reasons other than health and safety.

  • Following JCCT Pledge, China Shifts Reason For Invalidating Drug Patents

    After China showed progress in adhering to a commitment made at last year's Joint Commission on Commerce and Trade (JCCT) to let owners of pharmaceutical patents provide supplemental information to fend of certain legal challenges, U.S. companies are now reporting an increasing number of cases where they are being barred from providing such additional information if their drug patents are challenged for a different reason, according to informed sources.

FTA Central
Top Stories
  • USTR Puts New Emphasis On Linking Vietnam TPP Benefits, Labor Compliance

    In conversations with labor union representatives, U.S. trade officials have been putting a new emphasis on the notion that the U.S. approach in the Trans-Pacific Partnership (TPP) would allow for Vietnam's commercial benefits to be withdrawn if the country did not live up to its labor rights commitments in the agreement, sources said.

  • De Gucht Says TTIP Likely To Enter Into Cross-Sector Trade Offs Next Year

    Outgoing European Union Trade Commissioner Karel De Gucht said at a Sept. 9 press briefing that negotiations for a Transatlantic Trade and Investment Partnership (TTIP) are likely to enter a process of making tradeoffs across all sectors sometime next year in the hope of striking a final deal, which he signaled is an approach favored by the Obama administration.

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