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President Trump’s pick for under secretary of Commerce for international trade on Thursday endorsed a multipronged and aggressive approach to trade concerns like steel overcapacity, “reciprocal” market access in China and stronger intellectual property rights enforcement -- possibly through the use of a Section 301 investigation that could come as soon as this week.
Various members of the World Trade Organization have put forward a series of proposals aimed at cutting domestic support, but these proposals do not appear to address the overarching problems plaguing the negotiations, namely that the United States and China cannot agree on what cuts the other should make to its domestic support programs.
The United States and European Union last week said they favor taking a plurilateral approach to negotiations on industrial goods at the World Trade Organization that would entail seeking plurilateral deals to eliminate tariffs on specific sectors such as chemicals, according to informed sources.
At the World Trade Organization, this week’s words describing the outlook for Doha Round progress are clearly tempered, the latest examples coming both from a high-level perspective and when drilled down to the specific issue of non-agricultural market access (NAMA).
NAIROBI, Kenya -- U.S. Trade Representative Michael Froman on Monday (Dec. 14) warned that the World Trade Organization may slip into irrelevance as a negotiating forum unless members use the conference in Kenya this week to free themselves from the "strictures" of the Doha round and embrace a more "pragmatic" approach to both new and old trade policy issues.
NAIROBI, Kenya -- U.S. Trade Representative Michael Froman on Monday (Dec. 14) warned that the World Trade Organization may slip into irrelevance as a negotiating forum unless members use the conference in Kenya this week to free themselves from the "strictures" of the Doha round and embrace a more "pragmatic" approach to both new and old trade policy issues.