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UK Vote To Exit Casts Doubt Over TTIP Despite Froman, Malmstrom Reassurances

The United Kingdom's decision to leave the European Union will have a damaging effect on the Transatlantic Trade and Investment Partnership negotiations, experts say, but they disagree on how bad that impact will be and whether it will produce a materially different outcome since the negotiations were already lagging and unlikely to conclude this year.

Privacy Shield Updated; U.S., EU Officials Seeking Adoption Next Week

The Obama administration and European Commission have clarified and updated the text of the Privacy Shield framework for transatlantic data flows and have transmitted it to the Article 31 Committee made up of EU member states for approval either during their June 29 or July 4 meeting, according to administration and commission officials.

New Investment Advisory Panel Faces Hurdles To Deliver In Obama Term

A newly formed Commerce Department advisory council faces hurdles to meet the request by Commerce Secretary Penny Pritzker to come up with short-term recommendations for maintaining and attracting foreign direct investment that can be executed by the end of the president's term.

Mexican Labor Law Reforms Off The Agenda, At Least Until September

Proposed labor law reforms needed to bring Mexico into compliance with its obligations under the Trans-Pacific Partnership will not be addressed until at least September, as the government will use its annual summer break to respond to an ongoing teacher strike and financial fallout from Brexit.

Australian Ambassador Rules Out TPP Side Letters, Renegotiation

Australia's ambassador to the United States has made clear to the U.S. government and business groups that demanding commitments beyond those reflected in the text of the Trans-Pacific Partnership is a nonstarter, regardless of the form they would take.

Froman Seeks To Convey TPP Vote Momentum, But Key Questions Linger

U.S. Trade Representative Michael Froman in public comments on the Trans-Pacific Partnership this week conveyed that the administration is doing everything it can to prepare for a potential vote in a lame-duck session, but some of the deal's supporters said they are finding a more downbeat view on Capitol Hill than USTR is conveying.

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  • European Union leaders are signaling a desire to maintain close ties with the United Kingdom, but the UK vote to leave the EU has triggered political and economic uncertainty across the continent and brings into question Britain's future economic relationship with the other 27 member states, as well as with trading partners including the United States.

  • The German Association of the Automotive Industry (VDA) in a June 24 statement highlighted the importance of the British market to German auto makers and said the free flow of goods and services needs to be ensured even after the United Kingdom has left the European Union.

FTA Central

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  • Australia's ambassador to the United States has made clear to the U.S. government and business groups that demanding commitments beyond those reflected in the text of the Trans-Pacific Partnership is a nonstarter, regardless of the form they would take.

  • U.S. Trade Representative Michael Froman in public comments on the Trans-Pacific Partnership this week conveyed that the administration is doing everything it can to prepare for a potential vote in a lame-duck session, but some of the deal's supporters said they are finding a more downbeat view on Capitol Hill than USTR is conveying.