User login

NON-SUBSCRIBER OPTIONS
FREE TRIAL | NEWSSTAND

World Trade Online

The outcome of a legal challenge over whether Facebook USA and Facebook Ireland's standard contractual clause with the European Commission ensures adequate data protection for European Union citizens could affect an all-but-promised legal challenge of the U.S.-EU Privacy Shield framework for personal data flows, as both legal proceedings are likely to focus on the scope of U.S. surveillance and data collection, according to former U.S. government officials.

IN TRADE

The law establishes a national mandatory labeling standard for GMO products, effectively preempting existing state laws like one in Vermont.

Fri, 5:32 PM

“The president is acutely aware of the politics around this, but that's not going to stop him from getting this done.”

Fri, 4:46 PM

The top stories this week.

Fri, 3:46 PM

“The deal is gonna come up for a vote and I can't vote for it with these secret courts that are open to companies only.”

Fri, 12:43 PM

“We believe it's important that the Brexit process create as little disruption between the EU and UK markets as possible.”

Fri, 12:17 PM

The European Union commissioner for transportation is warning that the outcome of a dispute between the United States and EU in the context of their Air Transport Agreement could negatively impact Transatlantic Trade and Investment Partnership negotiations.

The U.S. International Trade Commission has until Aug. 5 to rule on the temporary suspension of U.S. Steel Corp.'s 337 petition that seeks to block all Chinese carbon and alloy steel from entering the U.S. market.

The trans-Atlantic business community is becoming increasingly skeptical of the benefits it could reap under the Transatlantic Trade and Investment Partnership deal as U.S. and EU negotiators last week in Brussels failed to make tangible progress on services market access.

German Chancellor Angela Merkel on July 28 said the Transatlantic Trade and Investment Partnership is “absolutely necessary and in Europe's interest,” while acknowledging that the agreement cannot be fully assessed until talks between the United States and the European Union are concluded or at least reach the endgame.

The U.S. and European Union met this week to discuss an agreement that would ensure the U.S. insurance and reinsurance industries are deemed equivalent to the EU's under new prudential provisions, a move needed to ensure unfettered access to EU markets.

Former Peruvian President Ollanta Humala's administration was unable to reach a compromise on a supreme decree addressing labor reforms meant to ensure compliance with the U.S.-Peru free trade agreement before his term ended this week, but the effort will continue under Humala's successor, labor sources told Inside U.S. Trade.

Around the World
  • In the latest of a barrage of letters sent to U.S. Trade Representative Michael Froman on the issue, 10 members of the House Ways & Means Committee and four other representatives requested in bipartisan fashion on July 27 that the Obama administration extend duty-free benefits to travel goods from all Generalized System of Preferences beneficiaries.

  • Data protection officials from European Union member states do not believe the European Commission's adequacy determination issued in adopting the Privacy Shield framework for transatlantic personal data transfers resolves their original critiques, despite the U.S. Commerce Department and commission updating the agreement prior to its endorsement.

World Trade Organization
  • By ruling against the European Union in a dispute over antidumping duties on Argentine biodiesel exports, an upcoming decision by the World Trade Organization's Appellate Body could foreclose an approach explored by the European Commission to apply AD duties on Chinese companies by using third-country data in the event that China is no longer treated as a non-market economy.

  • 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.

FTA Central
  • The European Union in the Transatlantic Trade and Investment Partnership is seeking broad language that would allow it to impose restrictions on the movement of capital in times of economic crisis that go beyond the flexibilities the United States has previously allowed in its trade agreements, according to a leaked draft EU proposal.

  • It's unclear where incoming Peruvian President Pedro Pablo Kuczynski stands on the need for labor law reforms in his country, an issue the U.S. Labor Department has given Peru until the end of the year to address to ensure compliance with an existing bilateral trade deal and subsequently, the Trans-Pacific Partnership.