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Inside U.S. Trade - September 12, 2014

After Slow Progress In Hanoi, Next Steps Emerge, Including Oct. CN Meeting

HANOI -- At the end of 10 days of plodding Trans-Pacific Partnership (TPP) talks here, a rough plan for the next steps toward crafting some sort of TPP outcome by early November appears to be emerging, though many critical questions remain unanswered, according to private-sector and official sources.

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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.

Korean Studies Predict Modest GDP Boost With TPP Entry, Varied Sectoral Impact

SEOUL -- A series of studies carried out by a South Korean research institute over the past year predicts that joining the Trans-Pacific Partnership (TPP) would boost Korea's economy by between 1.7 and 1.8 percent over 10 years, aiding the country's manufacturing sector but leading to a decrease in agricultural production.

Korea To Decide On WTO Challenge Of OCTG Case By End Of The Year

SEOUL -- The South Korean government will decide by the end of this year whether to request consultations with the United States at the World Trade Organization over the U.S. decision to impose antidumping (AD) duties on Korean oil country tubular goods (OCTGs), according to South Korean Deputy Minister for Trade Choi Kyonglim.

Following JCCT Commitment, 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.

Daily News
World Trade Organization
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  • 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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