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A Canadian proposal for a new softwood lumber agreement with the U.S. was rejected last week by U.S. negotiators and blasted by lawmakers who charge the export tax approach laid out in the proposal is inconsistent with a key objective laid out by President Obama and Canadian Prime Minister Justin Trudeau.


Highlights from this week's issue.

Fri, 12:36 PM

“It is now evident to Canada that the EU is incapable of reaching an agreement even with a country as nice and as patient as Canada.”

Fri, 11:22 AM

Wallonia's government rejects EU attempts to assuage its concerns, says it will negotiate directly with Canada.

Fri, 8:21 AM

“Facing significant challenges and disruptions from digital technologies and in navigating the post-recessionary financial landscape.”

Fri, 7:56 AM

“We're not trying to jump from criticism of trade deals into new bilateral trade deals.”

Thu, 4:47 PM

The European Council's inability thus far to approve the Comprehensive Economic and Trade Agreement between the EU and Canada is expected to prevent the European Commission from tabling a proposal on data flows in the Trade in Services Agreement by the November round, according to informed sources.

With less than a month to go before lawmakers return to Capitol Hill for a lame-duck session that could involve a vote on the Trans-Pacific Partnership, members of the services industry are waiting for the Obama administration to present them with an enforceable solution to address a ban on data localization for the financial services sector in TPP countries that are not part of the Trade in Services Agreement.

A diverse cross-section of think tanks has analyzed the potential trade policies of the two presidential candidates, and in recent reports and blogs offered detailed assessments -- and some skepticism -- about where the next administration is likely to go on trade matters.

The tenth U.S.-India Trade Policy Forum concluded on Oct. 20 without a major breakthrough, leaving some parts of the U.S. industry asking yet again for commercial bilateral dialogues between the two countries to produce more tangible outcomes.

The Asia-Pacific Economic Cooperation forum's roadmap -- focused on eliminating all restrictions on trade in services by 2025 -- is meeting resistance from some APEC countries, according to Deputy Assistant U.S. Trade Representative for APEC Affairs Ken Schagrin.

The U.S. insurance industry is calling for the Trade in Services Agreement to eliminate barriers to cross-border reinsurance, protect data flows and eliminate equity caps, according to a list of priorities developed by two insurance trade associations.

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FTA Central
  • A member of President Obama's Council of Economic Advisers on Tuesday reiterated the administration's stance that the Trans-Pacific Partnership has a chance in a lame-duck session and downplayed comments by Republican congressional leaders who say the deal will not come up for a vote this year -- noting that they are “fundamentally in favor” of the agreement and getting it passed.

  • A bipartisan group of 14 senators, including eight from the Finance Committee, has fired a fresh salvo of criticism at U.S. Trade Representative Michael Froman for the Obama administration's decision to extend Generalized System of Preference benefits for travel goods only to least-developed member countries and participants in the African Growth and Opportunity Act.