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Treasury Official: Currency Provisions Best Handled Outside Of TPP

A senior Treasury Department official late last week cited progress in combating currency manipulation made with China through the Strategic & Economic Dialogue (S&ED), as well as overall progress in international fora such as the G7 and G20, as proof that the issue is best handled outside of trade deals like the Trans-Pacific Partnership (TPP).

Yellen Warns TPP Currency Rules Could 'Hobble' U.S. Monetary Policy

Federal Reserve Board Chairwoman Janet Yellen has publicly objected to the idea of inserting measures to combat currency manipulation in the Trans-Pacific Partnership (TPP) or other trade deals, warning that doing so could "hobble" monetary policy by the reserve.

WTO OKs Panel In New Boeing Case; U.S. Pledges To Comply With CVD Ruling

The World Trade Organization's Dispute Settlement Body (DSB) this week established a panel to rule on the European Union's claims that a new round of tax breaks provided by Washington state to Boeing amount to prohibited local content subsidies under the Agreement on Subsidies and Countervailing Measures (ASCM).

Japanese Official Signals Eased Interest In LNG Exports Through TPP

A Japanese official indicated this week that gaining expedited approvals for liquefied natural gas (LNG) exports to Japan from the United States is not a top priority for Tokyo through the Trans-Pacific Partnership (TPP) talks, while noting that TPP would allow Japan to maintain its energy security in the future.

Jeb Bush Revives FTAA, Sees As Way To Counter China In Latin America

Former Florida governor and likely Republican presidential contender Jeb Bush last week revived the idea of negotiating a Free Trade Area of the Americas (FTAA) as a way to counter the rising economic influence of China in Latin America, and appeared to fault the current administration for a lack of engagement in the region.

EPP President, TISA Rapporteur Visit Washington To Discuss Trade Issues

The president of the European Parliament's largest political group and the parliament's rapporteur on the Trade in Services Agreement (TISA) are visiting Washington this week in separate trips to have meetings with members of Congress and the administration on trade issues.

World Trade Organization

Top Stories

  • The World Trade Organization's Dispute Settlement Body (DSB) has established a panel to rule on the European Union's claims that a new round of tax breaks provided by Washington state to Boeing amount to prohibited local content subsidies under the Agreement on Subsidies and Countervailing Measures (ASCM) -- the latest salvo by Brussels in the longstanding fight over subsidies both sides provided to their respective makers of large civil aircraft.

  • The European Union has opened a new chapter in the long-standing fight with the United States over subsidies each side provides to its respective manufacturers for the development of large civil aircraft by seeking a dispute settlement panel in the World Trade Organization over a new round of tax breaks provided to Boeing by Washington state.

Around the World

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  • Sens. Mark Kirk (R-IL) and Joe Manchin (D-WV) have announced they plan to soon introduce a bill with other senators to reauthorize the Export-Import Bank that they believe would pass the Senate and also meet demands by House Republicans to reform the agency.

  • A group of House Democrats led by Financial Services Ranking Member Maxine Waters (D-CA) on Wednesday (Feb. 25) introduced legislation to reauthorize the Export-Import Bank that lays out their opening position for potential negotiations with Republicans to craft a bipartisan bill before the bank's charter expires on June 30.

FTA Central

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  • The Trans-Pacific Partnership (TPP) negotiating group on intellectual property (IP) is holding an intersessional meeting this week in Mexico and will discuss IP protections for pharmaceuticals, among other issues, according to a spokesman for the Office of the U.S. Trade Representative.

  • Acting Deputy U.S. Trade Representative Wendy Cutler on Thursday (Feb. 26) signaled that a Trans-Pacific Partnership (TPP) ministerial meeting sources say is planned for mid-April has not been finalized, and that its timing will depend on how much progress negotiators make at an informal round taking place March 9-15 in Hawaii.