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World Trade Online

As Congress heads into a recess that will last until after the Nov. 8 elections, the Trans-Pacific Partnership’s ultimate fate in a lame-duck session remains unclear with Republican leadership this week saying it will not be considered in either chamber while some sources suggest the Obama administration has created the conditions for a vote to occur later this year.

IN TRADE

Sen. Sherrod Brown and four others call ISDS a “corporate handout [that] does not belong in our trade agreements.”

Fri, 7:56 AM

The report assesses the impact on the U.S. economy of 14 deals with 18 countries.

Thu, 4:07 PM

In Trade's weekly look at who's saying what.

Thu, 2:37 PM

“This map is the most exhaustive presentation of this data ever available,” the group claims.

Thu, 12:50 PM

Deputy Secretary Bruce Andrews reiterates commitment to “concluding a comprehensive, ambitious" TTIP deal before Obama leaves office.

Thu, 11:53 AM

The United States, after the 20th negotiating round for the Trade in Services Agreement, hopes the negotiations can wrap up at a Dec. 5-6 ministerial -- despite seemingly little progress on key issues such as the U.S. proposal to ban data localization for financial services and an EU proposal to exclude so-called “new services” from coverage.

China endured a daylong barrage of accusations from the U.S. aluminum industry at a Sept. 29 International Trade Commission hearing, with the U.S. side accusing China of flooding the global market with unfairly priced aluminum despite facing inherent disadvantages that would make its smelters uncompetitive under free-market conditions.

House Ways & Means Democrat Rep. Ron Kind (WI) this week said the national security argument for the Trans-Pacific Partnership -- which was recently laid out to lawmakers in a classified briefing -- is “very powerful” for House Democrats considering whether to support the deal in a lame-duck session.

The top Democrat on trade issues in the House believes growing public hostility to free trade will not fade away after the election of a new president and a new Congress, but instead stems from the reliance on old trade and economic frameworks.

State-based insurance regulators are considering whether to revoke preferential access for the German reinsurance industry operating in the United States as a result of the European Union not deeming U.S. insurance regulations equivalent to the EU under its new prudential laws.

Business sources say they are hopeful that last week's public acknowledgment by European Union trade ministers that a Transatlantic Trade and Investment Partnership deal is not possible this year will also head off any attempt to reach agreement on a so-called “TTIP lite” or an “early harvest” of outcomes that would not live up to the ambition of U.S. and EU industries.

Around the World
  • Negotiations will continue after the United States and European Union fell short of an agreement last week that would ensure U.S. insurance and reinsurance companies can continue to operate under the EU's new prudential regulations, according to sources familiar with the discussions.

  • The U.S. steel industry is calling on the Obama administration to take a more aggressive stance against what it views as China's unfair and illegal trade practices by initiating more World Trade Organization actions, tackling evasion of existing antidumping and countervailing duties, and by continuing to apply domestic trade laws on Chinese products.

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