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World Trade Online

The chances of the U.S. and Canada reaching a new softwood lumber agreement in time for the expiration of a litigation standstill are decreasing even as U.S. Trade Representative Michael Froman is set to meet with Canadian lumber CEOs and the Canadian trade minister next week.

IN TRADE

“Canada’s new restrictive dairy trade and pricing polices fly directly in the face of fair trade agreements.”

Fri, 6:22 PM

“Underutilisation is due to stringent standards and rules of origin which make it difficult for African products to meet the U.S. market.”

Fri, 1:56 PM

The top stories from this week's issue.

Fri, 1:08 PM

CSI says it is “working with the Administration to ensure that the proposal translates into a binding and enforceable commitment.”

Fri, 11:32 AM

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

Fri, 7:56 AM

The Chinese aluminum industry defended its production practices during a 10-hour U.S. International Trade Commission hearing on Sept. 29, with Chinese business officials testifying that most of the country's existing production meets current domestic demand, and that China needs to add another 10 million pounds of capacity in the next decade to meet future demand.

Russia defended its policies during the final day of its first-ever trade policy review at the World Trade Organization, claiming it was the European Union's fault that Russia adopted import substitution policies as well as a ban on certain agricultural products from the U.S., EU and others.

Members of the World Trade Organization including the United States and European Union sharply criticized Russia for instituting import substitution policies aimed at strengthening domestic production in its first ever Trade Policy Review, claiming that Russian policy is counter to the purpose of the WTO.

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.

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.

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