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Daily News

November 19, 2003

MIAMI--FTAA ministers meeting here tomorrow and Friday appear increasingly likely to endorse a ministerial declaration that holds open the possibilities of including plurilateral deals as part of an FTAA, and linking favorable market access to participation in such deals, as a revised draft declaration released this morning included no changes to these issues from the previous draft floated over the weekend by FTAA co-chairs Brazil and the U.S.

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November 18, 2003

Additionally, the FTAA should incorporate sufficient flexibility to deal with countries’ different situations, recognize that benefits are related to obligations and deal with the special circumstances of small economies.

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The Commerce Department's Committee for the Implementation of Textile Agreements last night (Nov. 17) voted to support three industry petitions seeking to impose a safeguard against imports of knit fabric, gowns and brassieres.

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November 14, 2003

European Union Trade Commissioner Pascal Lamy will meet in Geneva next week with a group of 90 developing countries known as the G-90 that includes most African countries and all of the World Trade Organization’s least developed countries.

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November 11, 2003

A majority of the European Union’s 15 member states on Monday (Nov. 10) put off a decision on approving a genetically modified sweet corn for import to the EU until at least December, saying it was premature to offer their approval until they had more information on how the labeling and transparency rules approved by the EU last month will be implemented, according to diplomatic and private sector sources.

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November 10, 2003

House Republican leaders today cancelled all votes for the week, casting more doubt on whether the House will act on a bill this year to repeal the Foreign Sales Corporation tax regime, which along with its successor, the Extraterritorial Income Act, has been declared an illegal export subsidy by the World Trade Organization.

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A World Trade Organization Appellate Body ruling issued today (Nov. 10) largely upholds an initial panel ruling that declared the U.S. 201 tariffs on steel imports to be a violation of WTO rules governing safeguard measures. The Appellate Body ruling confirmed the earlier panel’s findings that the U.S. failed to meet WTO rules requiring that a safeguard be imposed in the face of increased imports and that such an increase is the result of unforeseen developments.

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November 03, 2003

European Trade Commissioner Pascal Lamy’s assessment next week of how the U.S. is progressing on repealing the Foreign Sales Corporation and its successor regime could lead him to decide that the European Union should move up its date for retaliation against U.S. exports from its current target date, according to a spokesman for the Commission.

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October 31, 2003

The chief U.S. negotiator for the Free Trade Area of the Americas today (Oct. 31) said next month’s Miami ministerial should provide clear direction for resolving countries’ different visions on the scope of a final deal. The U.S. continues to believe that negotiators should push for an FTAA that is “as ambitious as possible,” but recognizes that some mechanism will need to be found to accommodate the demands of Brazil and Argentina to scale back the scope of the FTAA, according to Chief U.S. FTAA negotiator Ross Wilson.

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October 30, 2003

As countries continue to grapple with the potential scope of the Free Trade Area of the Americas, the U.S. has proposed hosting a mini-ministerial of selected trade ministers in early November to attempt to break the deadlock over the breadth of commitments that should be reflected in the agreement. The mini-ministerial will likely take place on Nov. 8, before the FTAA ministerial in Miami, according to U.S. and foreign officials.

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October 28, 2003

The House Ways & Means Committee today (Oct. 28) approved along party lines a bill to repeal the Foreign Sales Corporation and its successor regime with the support of Rep. Phil Crane (R-IL), who had initially opposed it. The bill, which passed by a vote of 24 to 15, would provide tax rate cuts for specified U.S. manufacturing activities and make some changes to the international provisions of the U.S. tax code to help U.S.-owned multinationals.

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October 17, 2003

European Trade Commissioner Pascal Lamy will meet with Administration officials and members of Congress during his visit to the United States scheduled for Nov. 3 and 4, according to a Commission spokesman. Lamy will have a “considerable program on the Hill,” the spokesman said during an Oct. 17 press briefing in Washington, DC.

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October 14, 2003

President Bush late last week rescinded his 2002 offer to Cuba under which the US would ease its economic sanctions program if Cuba were to take certain steps toward democracy and improve its human rights record.

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The House Ways & Means Committee has put off plans to mark up a bill to repeal the Foreign Sales Corporation this week, as the chairman is continuing to meet with members to discuss his proposals, according to a spokeswoman for the committee. It is possible that a markup would take place next week, the spokeswoman said.

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The chairman of the World Trade Organization's General Council today (Oct. 14) presented to members his ambitious plan for moving forward with multilateral negotiations in the wake of the failed Cancun ministerial to little formal reaction.

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October 10, 2003

The European Union plans to retaliate against U.S. steel tariffs in early December within five days after the World Trade Organization Dispute Settlement Body adopts what is widely expected to be an adverse Appellate Board ruling, unless the U.S. repeals the safeguard measure completely, according to Commission spokesman Anthony Gooch.

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October 09, 2003

The Bush Administration and European Commission are sending out a clear message that they will not show any initiative to restart multilateral negotiations in the World Trade Organization, but that they will not block a proposed initiative by the chairman of the General Council to restart substantive work on four areas.

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October 06, 2003

Language to amend the Section 211 trademark law, which is now under consideration by House and Senate conferees to the Defense authorization bill, is expected to eliminate all references to the term “designated national” in an effort to ensure that the law applies to US as well as foreign companies.

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October 03, 2003

Backed by the House leadership, Ways & Means Committee chairman Bill Thomas (R-CA) may mark up a revised version of a bill to repeal the Foreign Sales Corporation tax provision as early as next week, according to a committee aide.

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A European Commission spokesperson today (Oct. 3) described as “very welcome” developments in the House and Senate indicating that the U.S. is moving towards complying with an adverse World Trade Organization ruling against the foreign sales corporation (FSC) and its successor regime.

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