Friday, October 31, 2014
Inside U.S. Trade - October 31, 2014

TPP Ministers Announce Progress; Set To Reconvene Nov. 8 At APEC

SYDNEY -- Trans-Pacific Partnership (TPP) ministers on Oct. 27 announced they had made progress on outstanding market access and rules issues during three days of talks here, and charged their negotiators with making further advances before the TPP ministers reconvene early next month in China.

Froman Says U.S.-China Still In 'Stalemate' Over ITA After Beijing Meetings

Mexican Sugar Settlement Adds Layers Of Complexity To Regulated Market

U.S., China Reform JCCT Approach With 'Early Harvest,' Business Session

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TTIP Without ISDS Would Fall Short Of 'Model' Deal For World, Froman Says

U.S. Trade Representative Michael Froman said the Transatlantic Trade and Investment Partnership (TTIP) would fall short of a standard-setting trade deal for the rest of the globe if the United States and European Union cannot agree to include investor-state dispute settlement (ISDS) as part of the package.

Australia Seeks Uniform Tariff Deals In TPP, Sees U.S. Flexibility On Sugar

A senior Australian trade official has stressed publicly that Canberra is seeking a market access deal in the Trans-Pacific Partnership (TPP) that ensures each TPP trading partner reaps the benefits of the lower tariffs parties commit to, even in bilateral negotiations like those between Japan and the United States.

Froman All But Rules Out Possibility Of Final TPP Agreement At APEC

U.S. Trade Representative Michael Froman has all but ruled out the possibility of Trans-Pacific Partnership (TPP) leaders reaching a final TPP deal at next month's Asia-Pacific Economic Cooperation (APEC) summit in China, instead saying the meeting will serve as a chance for leaders to give the "political impetus" to complete a deal soon.

Chamber Says TPP Must Advance In Near Term To Conclude Next Year

A top-ranking official with the U.S. Chamber of Commerce expressed disappointment over the lack of significant progress in the Trans-Pacific Partnership (TTP) negotiations held in Australia, and warned that the agreement must be advanced in the next few months in order to have a "realistic chance" of conclusion next year.

Outgoing European Commission Punts On Nine Pending GMO Applications

The outgoing European Commission on Wednesday (Oct. 29) failed to act on nine pending applications to authorize the import of genetically modified commodities, placing the onus on the incoming commission of President-elect Jean-Claude Juncker to take up the politically sensitive issue and likely delaying their approval for many more months.

Trade In Focus
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  • WTO Compliance Panel Finds New COOL Measure Worse Than Original

    The World Trade Organization this week dealt a blow to the United States country-of-origin labeling (COOL) program for meat with a finding that U.S. efforts to remedy problems identified in an earlier WTO decision fell far short of achieving that goal and actually worsened COOL's impact on Mexican and Canadian livestock producers.

  • WTO Report Says Updated Trade Rules Could Help Development Goals

    The 2014 World Trade Report released this week says trade and World Trade Organization rules have contributed to the economic development of poor countries over the past two decades, but emphasizes that there is a need to update and create new trade rules to ensure that trade works effectively for development now.

Around the World
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  • Brazilian Election Could Lead To Sharp Change Of Tack On Trade Policy

    This weekend's neck-and-neck Brazilian presidential election appears set to determine whether trade policy remains a back-burner issue in Brasilia for the next four years or jumps to the foreground under a new administration that would view trade liberalization as a critical tool to lift Brazil out of the middle-income trap, according to Brazil observers.

  • Trade Committees Likely To Remain Largely Unchanged After Elections

    The upcoming Nov. 4 midterm elections are unlikely to bring drastic changes to the membership of the two congressional trade committees -- the House Ways & Means Committee and the Senate Finance Committee -- due to the small number of members retiring, as well as the fact that many incumbents are slated to win their contests.

FTA Central
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  • Australian Parliament Critics Of TPP Step Up Action As Round Kicks Off

    CANBERRA -- As a new round of Trans-Pacific Partnership (TPP) negotiations kicked off here, Australian opposition lawmakers critical of the deal announced plans to ramp up their efforts to build resistance to TPP and press the government to change its course on key issues like investor-state dispute settlement (ISDS) and transparency.

  • EU Proposes Greater Chemicals Cooperation Without Binding Commitments

    A European Union proposal for the Transatlantic Trade and Investment Partnership (TTIP) leaked earlier this month lays out in new detail how the EU envisions its chemicals regulators working more closely with their counterparts in the United States without interrupting either side's procedures or forcing changes in their regulatory decisions.

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Short Takes


GAO, AFL-CIO Target CAFTA Effects On Honduras In Separate Reports

Both the Government Accountability Office (GAO) and U.S. labor unions are set to release separate reports later this year examining the impact the Central American . . .


Italy Could Be Biggest TTIP Winner, Goal To Complete Deal Is 2015

The Italian ambassador to the United States said this week he hopes the Transatlantic Trade and Investment Partnership (TTIP) can be concluded before the end . . .


Froman, Pritzker, Vilsack To Host China At December JCCT In Chicago

The Office of the U.S. Trade Representative has announced the United States will host this year's U.S.-China Joint Commission on Commerce and Trade (JCCT) in . . .

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TPP Ministers, Negotiators Steer Clear Of Tobacco Issue During Australia Meetings

Trans-Pacific Partnership (TPP) ministers and negotiators did not discuss how a potential agreement would handle tobacco regulations during two weeks of meetings in Australia, although U.S. Trade Representative Michael Froman this week acknowledged that it remains a divisive issue.


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