Trans-Pacific Partnership (TPP) countries are intent on beginning a legal review of chapters that have already been closed prior to reaching a final agreement on the overall deal, according to informed sources. They said this move is unusual and aimed at minimizing the delay between the conclusion of the negotiations and the signing of the agreement, thereby allowing a speedier ratification by signatories.
The European Union on Friday (Dec. 19) requested consultations at the World Trade Organization over a new round of tax breaks provided by Washington state to Boeing, charging they amount to illegal subsidies contingent on the use of domestic products over imported ones. The move opens up a new chapter in a decade-long trade dispute with the United States over subsidies both sides provided to their respective aircraft manufacturers.
The new policies announced by President Obama on Dec. 17 as part of a new course with Cuba would expand the type of goods that U.S. companies can ship to Cuba beyond the current exports of agricultural goods and medical equipment -- provided they are sold to private buyers -- and also ease existing restrictions on the payment terms.
Coinciding with the President's announcement of seeking a new course on Cuba, Senate Finance Committee Chairman Ron Wyden (D-OR) asked the International Trade Commission (ITC) to analyze how U.S. restrictions on trade and travel to Cuba affects U.S. exports of goods and services there.
Commerce Secretary Penny Pritzker and U.S. Trade Representative Michael Froman have announced progress in tackling a range of Chinese trade barriers in this week's meeting of the Joint Commission On Commerce and Trade (JCCT), including new pledges for the fair application of China's anti-monopoly law (AML).
A senior White House economic official has publicly signaled that the Obama administration is seeking congressional approval of Trade Promotion Authority (TPA) legislation prior to concluding the Trans-Pacific Partnership (TPP) negotiations, which he said were in their final stages.
- EU Member States Calls For Ambitious, Comprehensive TTIP Deal By End Of 2015
- Froman, Pritzker Highlight Progress On IP, Biotech, AML, Other Issues At Close Of JCCT
- Correspondence In U.S.-Guatemala CAFTA Labor Dispute Reveals Fight Over Submission Deadlines
- Obama Issues New Sanctions Banning Exports, Imports, New Investments Relating To Crimea
- Punke Responds To Farm Bill, Trade Remedy Criticisms At Day 2 Of WTO TPR
- Biden, Abe Agree On Importance Of Concluding TPP Negotiations In Call After Japanese Election
- Eight Senators Press Commerce To Revisit Scope, Data Issues In Review Of AD, CVDs On Chinese Aluminum Extrusions
- Five Ways & Means Democrats Urge Obama To Exclude ISDS From TTIP As Means To Generate Support For Deal
- In Letter To USTR, Senators Call For TPP To Exclude ISDS; Maintain Capital Controls, Financial Protections
- Labor, Health Groups Join With Generic Industry To Press Obama For TPP Changes On IP, Drug Pricing, ISDS
- European Commission Releases Summary Of Final CETA Negotiating Results
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Sens. Dan Coats (R-IN), Dean Heller (R-NV), and Tim Scott (R-SC) will join the Senate Finance Committee next Congress to fill three new GOP slots . . .12/15/2014
Angela Ellard will retain her current post as chief trade counsel for the House Ways & Means Committee and majority staff director for the panel's . . .12/11/2014
Luis Jimenez, who serves as a counselor to U.S. Trade Representative Michael Froman and in that capacity oversees efforts to secure congressional passage of Trade . . .
Countries participating in the negotiations for a plurilateral Environmental Goods Agreement (EGA) are pushing ahead with their efforts to develop a complete product list by April 2015 by holding additional negotiating rounds in January and March, but their ability to meet this goal could be hampered by two factors, sources said.
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