The United States is interested in integrating into bilateral trade agreements some standards negotiated in the Trans-Pacific Partnership, according to Chile’s ambassador to the United States.
Key members of the Senate Finance Committee this week said the process for consulting with the administration on negotiating objectives for NAFTA – and for notifying Congress by triggering a 90-day clock before official talks start – likely will not move forward without a confirmed U.S. Trade Representative in office.
“We are waiting for a signal from the new administration. But we should be realistic that it might not be 'defrosted' for quite some time.”
Commerce Secretary Wilbur Ross, acting U.S. Trade Representative Stephen Vaughn and other USTR officials met with a key House trade advisory group Tuesday to discuss negotiating objectives for NAFTA talks, but most members left the meeting still unsure when the administration intends to kick off negotiations with Canada and Mexico, and whether the future deal will be trilateral.
Cites “confusion on a lot of issues that now emanate from the administration. I think that it's hard to figure out what is conclusive and what isn't.”
The former USTR, in Japan, says the deal “will make its way into effect, in one form or another.”
President Trump's U.S. Trade Representative nominee, Robert Lighthizer, believes a renegotiation of the North American Free Trade Agreement would build on commitments made by Canada and Mexico in the Trans-Pacific Partnership, and could go beyond them in some key areas, he told the Senate Finance Committee in questions for the record following his confirmation hearing last week.
U.S. Trade Representative nominee Robert Lighthizer, in written responses to questions posed by senators, did not rule out the possibility of resuming negotiations for the Transatlantic Trade and Investment Partnership, but noted that the European Union would not be in a position to do so until the end of the year because of federal elections in France and Germany.
President Trump said Friday he hopes the U.S. and Germany can make their trade relationship more “even,” telling reporters alongside German Chancellor Angela Merkel that “Germany's done very well in its trade deals with the United States, and I give them credit for it.”
“We need to take this message to policy makers or we will find ourselves in a precarious situation.”
German industry and embassy representatives, in previewing German Chancellor Angela Merkel's visit to the White House this week, warned that the House GOP proposal for a border adjustment tax is a “significant concern” to Germany and said that despite claims made by some U.S. lawmakers the plan is not equivalent to a value-added tax system.
The U.S. Grains Council and major dairy groups like the U.S. Dairy Export Council were in Mexico this week.
As a candidate, President Trump called it a “job-killing deal.”
The group “is comprised of over a dozen companies” that will seek to build on private-sector cooperation between the countries.
The National Economic Council told food and agricultural groups on March 15 that reworking the North American Free Trade Agreement and forging a bilateral deal with Japan are its top two trade negotiating objectives, according to a participant in the White House meeting.
VINA DEL MAR, CHILE -- The U.S. ambassador to Chile and a bipartisan group of congressional aides who attended the High-Level Dialogue on Integration Initiatives in the Asia-Pacific Region sought to reassure the 14 other participating countries that it is open to expanding trade, but most countries showed an inclination to move forward with multilateral arrangements despite the U.S. preference for bilateral deals, officials and sources said here.
VINA DEL MAR, CHILE -- New Zealand’s trade minister Todd McClay says he is not concerned about Auckland’s trade relationship with the U.S. under President Trump, but believes it is too early to speculate about the potential for a bilateral deal.
“It’s just as much in their interests as it is in our interests to increase the rules of origin.”
VINA DEL MAR, CHILE -- The United States did not attend a working breakfast meeting for Trans-Pacific Partnership countries on Wednesday, despite being invited, according to officials here.
VINA DEL MAR, CHILE -- The United States did not attend a working breakfast meeting for Trans-Pacific Partnership countries on Wednesday because it was not invited, according to officials here.