Bipartisan legislation worked out by the staff of congressional trade committees and supported by the Obama administration will be introduced in both the House and Senate today (Feb. 29) to overturn a U.S. appeals court ruling that the Commerce Department cannot impose countervailing duties on imports from non-market economies (NMEs) like China.
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Daily News
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02-29-2012 10:19:13
Bipartisan Bill To Overturn GPX Ruling Will Employ 'Senate First' Strategy02-28-2012 19:03:18
Ways And Means Hearing Could Provide Insights On Enforcement, TPP, Russia MFNA House Ways and Means Committee hearing tomorrow (Feb. 29) on the administration's trade policy agenda may provide insights both through members' questions to U.S. Trade Representative Ron Kirk and through his answers on key issues such as the administration's trade enforcement initiative, the Trans Pacific Partnership negotiations and extending permanent most-favored nation status to Russia. 1397 words02-28-2012 18:44:12
Airbus Expects Appellate Body To Uphold Major Panel Findings On Boeing SubsidiesEuropean plane maker Airbus expects the World Trade Organization's Appellate Body will uphold the major aspects of a May 2011 panel ruling that faulted U.S. subsidies to the Boeing Company when the Appellate Body delivers its confidential ruling to the United States and European Union mid-week. 1379 words02-28-2012 16:02:41
U.S. Scrap Steel Industry Presses USTR To Consult With Russia Over Trade RestrictionsWith Russia's accession to the World Trade Organization only months away, U.S. users of scrap metal are calling on the Office of the U.S. Trade Representative to fight Russian government efforts to restrict the export of scrap metal to certain ports because they will distort the world market to the detriment of the U.S. steel industry and constitute a potential violation of its WTO commitments. 751 words02-28-2012 12:49:43
U.S. Industry Group Touts Services Trade As Key For Economic RecoveryThe Coalition of Service Industries (CSI) last week released a report suggesting that services trade liberalization, including through a new services plurilateral deal, and the improvement of services trade rules to ensure the free flow of data over the Internet, would provide a much-needed boost to the U.S. economy and create millions of jobs. 922 words02-28-2012 10:48:38
Obama Formally Establishes Trade Enforcement Unit With Executive OrderPresident Obama today (Feb. 28) issued an executive order formally creating the Interagency Trade Enforcement Center (ITEC), which he first announced in last month's State of the Union address and subsequently bolstered in his fiscal year 2013 budget request earlier this month. 826 words02-27-2012 17:18:19
At Hearing, U.S. Presses For Remedy In British Columbia Lumber CaseThe United States today (Feb. 27) kicked off oral arguments in the third arbitration case under the 2006 U.S.-Softwood Lumber Agreement by urging the tribunal to remedy what it views as Canada's breach of the agreement through timber underpricing in British Columbia since 2007. 649 words02-27-2012 12:48:28
Business Groups To Unveil Investor-State Letter In Advance Of TPP RoundLeading U.S. business associations are mounting a new push to include strong investor-state provisions in a final Trans-Pacific Partnership (TPP) deal. This effort appears particularly targeted at Australia, which has opposed such provisions and is hosting the next TPP round of talks beginning on March 1. 664 words02-24-2012 16:50:33
Consumer Groups Join Lawmakers, Ranchers In Demanding COOL AppealFour major U.S. consumer groups today (Feb. 24) joined a chorus of lawmakers and ranchers in urging the Obama administration to appeal a ruling by the World Trade Organization that found the U.S. country of origin labeling (COOL) system for livestock to be inconsistent with WTO rules. 675 words02-23-2012 18:46:50
Senators Urge Obama To Focus On U.S.-EU Trade To Stimulate GrowthA group of 20 U.S. senators led by Sens. John Kerry (D-MA) and Rob Portman (R-OH) this week urged President Obama to pay particular attention to increasing trade and investment with the European Union among measures to generate economic growth in the face of fiscal challenges, and to quickly develop ambitious proposals for doing so. 1033 words02-23-2012 18:40:48
Vilsack Outlines Major Trade Initiatives As USDA Predicts Bumper ExportsU.S. Agriculture Secretary Tom Vilsack today (Feb. 23) highlighted recently-passed free trade agreements and major trade initiatives being undertaken by the Obama administration as key opportunities to boost U.S. agricultural exports this year, and stressed that his department will continue to address new trade barriers despite budget cuts. 1076 words02-22-2012 15:53:16
U.S. Presses China On Raw Materials, Criticizes South Korea On ZeroingAt a meeting of the World Trade Organizations' Dispute Settlement Body (DSB) today (Feb. 22), the United States and other WTO members pressed China to implement Appellate Body findings faulting China for its export restrictions on raw materials in a manner broad enough to capture products not specifically challenged in the case. 1028 words02-22-2012 15:29:00
New Rule Speeds Up FTZ Approvals, But AD/CVDs Could Still Draw DelayThe U.S. Department of Commerce last week announced it will publish a new regulation that is meant to streamline the application process for manufacturers and distributors who want to operate within foreign trade zones (FTZs) or register a facility as a subzone, a step that an official said would cut in half the processing time for most applicants from a year to 120 days. 1057 words02-21-2012 11:43:31
USTR Announces U.S-Korea FTA Will Enter Into Force March 15The Office of the U.S. Trade Representative early this morning (Feb. 21) announced that the U.S.-Korea free trade agreement will enter into force on March 15, setting a start date for the first phase of tariff cuts on a wide range of products and the introduction of new standards for intellectual property and services trade. 721 words02-21-2012 11:27:12
U.S., China Reach Audiovisual Deal To Boost U.S. Film Exports At End Of Xi VisitThe U.S. and China late last week struck a deal that expands the number of foreign films that can be imported annually into China and aims to bring China into compliance with a 2009 World Trade Organization ruling that had determined that the Chinese distribution system for audiovisual products was unfairly denying market access to imports. 1088 words02-17-2012 18:07:38
WTO Members Brainstorm Services Plurilateral Options, No Decision YetA group of 16 World Trade Organization members met this week to brainstorm ways to further liberalize trade in services beyond the current deadlock of the Doha round, but the discussions have not yet resulted in any substantive decisions on the legal framework of a possible new services agreement, according to Geneva sources. 943 words02-17-2012 13:48:26
Obama Unveils New Measures Designed To Boost Manufacturing, ExportsPresident Obama today (Feb. 17) announced a new push to reauthorize the Export-Import Bank; match unfair export financing offered by other countries such as China; and use administrative powers to streamline and coordinate inter-agency trade efforts as part of a new campaign aimed at promoting manufacturing and boosting U.S. exports. 1171 words02-16-2012 16:39:41
Obama Requests Reorganization Power; Hints Trade Proposal Not Yet ReadyPresident Obama today (Feb. 16) formally submitted his request to Congress for broad authority to reorganize the executive branch, which is the first step in his plan to consolidate six federal agencies dealing with trade. But at the same time the White House indicated it has not yet fully developed its trade reorganization proposal. 503 words02-16-2012 14:17:58
U.S., China Agree To Seek International Pact On Export Finance By 2014President Barack Obama and Chinese President Hu Jintao agreed this week to try to reach a multilateral agreement by 2014 on a set of international guidelines for providing official export financing. 1458 words02-16-2012 13:28:22
Staff Makes Progress In GPX Talks, But Bill Unlikely Until After RecessKey congressional staff met again last night (Feb. 15) to discuss the development of GPX legislation, and while they continued to make good progress in their discussions, it appears unlikely that a bill will be introduced this week. As Congress is on break all next week, this means a bill will likely not be introduced until at least Feb. 27, sources said. 898 words |
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