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Sources: Final KORUS text to be released by the end of May

The U.S. and South Korea have resolved remaining issues with the revised U.S.-Korea Free Trade Agreement and will release the text this month, sources told Inside U.S. Trade . Washington and Seoul settled on an agreement in principle in late March and, since then, have been working out the details in the final pact. “There are no big problems left,” one source told Inside U.S. Trade. “No stumbling blocks remain so we are optimistic we can move forward with releasing...

Colombian finance minister optimistic about securing OECD accession

Colombian Finance Minister Mauricio Cárdenas this week said his country has done its “homework” for accession into the Organization for Economic Cooperation and Development, which could be decided next week when the U.S. determines whether to support it. “We think we’ve done everything that is necessary and that being said we are very optimistic that we can conclude the process,” Cárdenas said during an April 19 event hosted by the Inter-American Dialogue. All 23 OECD committees must independently approve a...

ITC launches investigation into truck tariff modifications in KORUS

The U.S. International Trade Commission on Thursday initiated an investigation into proposed modifications to the U.S.-Korea Free Trade Agreement “regarding the staging of customs duties for certain motor vehicles.” Last week U.S. Trade Representative Robert Lighthizer asked the ITC to advise USTR on the “ probable economic effect of the modifications ” made to tariff phaseouts on Korean truck imports under the amended KORUS pact the countries agreed to in principle last month. The scope of the Lighthizer's request to...

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In letter to Lighthizer, Sen. Bennet urges USTR not to close NAFTA until Canadian dairy policies are addressed



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Lighthizer asks ITC to analyze changes to motor vehicle duties in retooled KORUS



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Teamsters calls on Mexican Senate leader to oppose labor legislation that could undermine NAFTA



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Free market groups urge inclusion of 'competitiveness' chapter, REINS Act in NAFTA



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Texas Gov. Abbott, in letter to Lighthizer, urges preservation of ISDS in NAFTA, caution on auto rules of origin



Survey: 51 percent of U.S. voters back using NAFTA as tool to stop illegal immigration

A new Rasmussen poll says shows that 51 percent of likely voters believe the U.S. should use NAFTA talks to push Mexico harder on immigration and drug reform. Respondents were asked whether the U.S. should “take a tougher line” in the NAFTA renegotiation “to force Mexico to strengthen its efforts to stop illegal immigration and illegal drugs” from entering the U.S. Sixty-two percent of 1,000 respondents said they believed the Mexican government has not been aggressive enough in combating the...

USW president calls on USTR to oppose 'regressive' Mexican labor bill

Leo Gerard, international president of the United Steelworkers, is urging U.S. Trade Representative Robert Lighthizer to push the Mexican government to stop labor legislation he believes could jeopardize the successful conclusion of NAFTA 2.0 negotiations. “I am writing you out of grave concern that the Mexican Senate may soon pass legislation, masquerading as labor law reform, that will have the impact of degrading workers’ rights in that country,” Gerard wrote in an April 2 letter to Lighthizer . “This effort...

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