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Daily News

November 17, 2020

The Biden administration should focus on restoring Washington’s presence in the multilateral trading system after economic issues stemming from COVID-19 are addressed, Joshua Bolten, president and CEO of the Business Roundtable, said this week.

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President-elect Joe Biden’s incoming administration presents an opportunity for labor groups to advance their vision of what a trade agreement should encompass, according to the AFL-CIO’s Cathy Feingold.

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November 16, 2020

After a cluster of nations in the Asia-Pacific region inked a trade deal over the weekend, President-elect Joe Biden on Monday said the U.S. should be focused on setting the “rules of the road” rather than sitting on the sidelines.

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Despite the World Trade Organization’s leaderless limbo, as members remain at an impasse over the next director-general, the candidate most likely to take the job, Nigeria’s Ngozi Okonjo-Iweala, detailed on Monday what she saw as the priorities for WTO’s next leader -- who, she argued, must work “proactively.”

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Asia-Pacific Economic Cooperation leaders on Monday called for the acceleration of negotiations over World Trade Organization reform and identified an “urgent need” for members to enhance digital trade cooperation.

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New Chinese export controls could be incompatible with the U.S. export control regime, forcing businesses to choose which set of rules to follow, trade lawyers warned last week.

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November 13, 2020

With less than two months to go before the United Kingdom formally breaks off from the European Union, several World Trade Organization members this week pressed London and Brussels for more answers on their prospective market-access plans.

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With less than two months to go before the United Kingdom formally breaks off from the European Union, several World Trade Organization members this week pressed London and Brussels for more answers on their prospective market-access plans.

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As the European Union undertakes its transition to more sustainable agriculture – including ambitious targets on reducing pesticide, fertilizer and antimicrobial use – the bloc is trying to ease the increasing consternation of Trump administration officials by insisting its goal is global cooperation, not domination, on sustainability.

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Asia-Pacific Economic Cooperation leaders next week are expected to deliver a framework for the next 20 years that will feature trade and the digital economy as focal points, as well as COVID-19 recovery strategies, a State Department official said on Thursday.

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The U.S. is relying on incomplete information in its analysis of Vietnam’s currency practices, according to the chief economist of the state-owned Bank for Investment and Development of Vietnam.

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November 12, 2020

President-elect Joe Biden may inherit from the Trump administration a nearly finished trade deal with the United Kingdom -- but what he decides to do with it largely will depend on Congress, analysts said on Thursday.

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Citing China’s military-civil fusion strategy, President Trump on Thursday signed an order banning U.S. companies -- including foreign branches -- from investing in companies the Defense Department says support the Chinese military.

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The U.S. this week advocated for World Trade Organization negotiators to prioritize an outcome on transparency in the agriculture negotiations for the next ministerial conference as the talks move forward with a new facilitator-led process.

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November 11, 2020

The World Trade Organization has an opportunity amid the public health crisis to show it can be an organization adept at crisis management, which could help close a deficit of trust among members and give them successes to build on in reforming the system, according to Deputy Director-General Alan Wolff.

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The incoming Biden administration will bring a much different tone to the U.S.-China relationship but will have to reinstate policy-making processes, recommit to allies and establish clear policy goals before engaging with Beijing on trade issues, analysts said this week.

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The coronavirus pandemic has made removing barriers to digital trade all the more urgent, technology groups have told the Office of the U.S. Trade Representative.

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November 10, 2020

President-elect Joe Biden has named an “agency review team” to assess the Office of the U.S. Trade Representative ahead of the inauguration and ensure a “smooth transfer of power,” according to his transition team.

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China’s State Council on Monday issued guidelines on how to boost foreign trade, instructing all state agencies to use an increased focus on domestic innovation to boost exports of high-tech products while stabilizing supply chains in China.

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European Union officials this week began outlining the priorities they will seek to address with the incoming Biden administration, including trade and related issues, as they seek to move past the troubled trans-Atlantic relationship under President Trump.

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