World Trade Organization Director-General Roberto Azevêdo will announce on Thursday that he will step down as of Sept. 1, a year earlier than his second term is set to conclude, a WTO official told Inside U.S. Trade.
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Daily News
May 14, 2020
May 13, 2020
European Union trade officials on Friday will discuss EU-U.S. trade relations as the bloc’s trade commissioner, Phil Hogan, looks to refresh the trans-Atlantic relationship and address some irritants between the two on the path to economic recovery.
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European Union trade officials on Friday will discuss EU-U.S. trade relations as the bloc’s trade commissioner, Phil Hogan, looks to refresh the trans-Atlantic relationship and address some irritants between the two on the path to economic recovery.
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U.S. Trade Representative Robert Lighthizer and Japanese Foreign Affairs Minister Toshimitsu Motegi this week affirmed a joint hope to reform the World Trade Organization’s dispute settlement system and forge new e-commerce rules, according to USTR.
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Not all importers hurt by the economic impacts of the COVID-19 pandemic were able to take advantage of the Trump administration’s move in April to temporarily delay some duty payments, a senior U.S. Customs and Border Protection official said on Tuesday.
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May 12, 2020
U.S. and Chinese officials on Tuesday endorsed the status quo for the phase-one trade agreement the two sides signed in January, refuting talk of renegotiation or termination.
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Technical trade teams from the U.S. and Brazil have been in frequent contact this month, sources tell Inside U.S. Trade, hoping to conclude an initial deal this year that covers digital trade and anticorruption in addition to trade facilitation and good regulatory practices.
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China’s ambassador to the World Trade Organization, Zhang Xiangchen, said on Tuesday he was disappointed members had not united more amid the novel coronavirus pandemic, blaming a lack of leadership and trust among the membership.
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Mexico’s decision to shut down some industrial sectors by deeming them non-essential amid the coronavirus outbreak is a “serious problem,” Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday, citing impacts on North American supply chains.
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May 11, 2020
A handful of complaints likely will be filed under the U.S.-Mexico-Canada Agreement’s rapid-response labor enforcement mechanism soon after the pact enters into force in July, according to several analysts and trade lawyers.
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A group of 25 House Ways & Means Committee Democrats on Monday lambasted the Trump administration for missing a deadline to establish a task force on forced labor required under by the U.S. bill implementing the U.S.-Mexico-Canada Agreement.
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A group of 25 House Ways & Means Committee Democrats on Monday lambasted the Trump administration for missing a deadline to establish a task force on forced labor required under by the U.S. bill implementing the U.S.-Mexico-Canada Agreement.
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May 08, 2020
As the pandemic pushes the world online in an effort to slow the virus’ spread, countries -- and companies -- are reinforcing their commitment to digital trade, and that’s spurred those in Geneva and those watching from the outside to weigh the chances of post-pandemic momentum in the plurilateral talks on electronic commerce at the World Trade Organization.
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China is expected to fully meet its obligations under the U.S.-China phase-one trade agreement “in a timely manner” despite the novel coronavirus outbreak that has wreaked havoc on the global economy, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin said in a joint statement late Thursday after a phone call with their Chinese counterpart.
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Renewable energy companies want the Export-Import Bank to broaden the agency’s U.S. content requirements so more of their contracts can qualify for financing and companies can better compete with China, industry representatives said during a bank teleconference this week.
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Sen. Josh Hawley (R-MO) on Thursday introduced a joint resolution to withdraw the U.S. from the World Trade Organization, a move that comes a few days after the senator penned an op-ed in the New York Times calling for the organization to be abolished -- and one the chairman of the Senate Finance Committee said would only help China.
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May 07, 2020
Data released Thursday by China’s Customs Administration shows China is importing less from the U.S. than it was a year ago through April, despite Beijing’s promise to increase its purchases of American goods by about 60 percent from last year’s totals.
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The chair of the World Trade Organization negotiations to rein in harmful fisheries subsidies has concluded that members are not prepared to commit to virtual negotiations, telling members on Thursday that further work must be put on hold as they wait for pandemic-relation restrictions to lift.
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The European Commission on Thursday pushed back against U.S. claims that it has fully complied with a World Trade Organization ruling and terminated illegal subsidies to Boeing, while criticizing the U.S. for not allowing the bloc to appeal a compliance determination in a case involving illegal subsidies EU member states have provided to Airbus.
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May 06, 2020
The Commerce Department will conduct a Section 232 investigation into mobile crane imports -- the seventh time the tool has been used by the Trump administration to weigh national security-based trade restrictions.
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