Taiwan has told the U.S. it is intent on a “very ambitious schedule” in negotiations via the recently launched Initiative on 21st-Century Trade, according to Taiwan’s chief trade negotiator John Deng, who tells Inside U.S. Trade he is hopeful that early harvests from the talks could help make way for Taiwan’s inclusion in parallel negotiations underway between the U.S. and other partners in Indo-Pacific.
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IN TRADE
“Our global competitors are not sitting idle. The need for this legislation is broadly recognized, and delay or failure should not be an option.”
Fri, 3:50 PM
“I am confident that this brick-by-brick approach will establish a solid foundation to support a reinvigorated WTO well into the future.”
Fri, 2:02 PM
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Fri, 12:10 PM
“The United States is prepared for continued and deepened engagement with Members on that important issue,” the U.S. said.
Thu, 5:03 PM
The Office of the U.S. Trade Representative will continue to “assess” whether the automotive rules of origin in the U.S.-Mexico-Canada Agreement are effective with the evolving technology used in cars, especially electric vehicles, the agency said in a report this week, acknowledging complaints from the industry that the rules don’t reflect the EV supply chain.
Senate Minority Leader Mitch McConnell (R-KY) on Thursday threatened to withhold Republican support for a bipartisan China-focused competitiveness bill if Democrats proceed with using a filibuster-proof method to pass a bill with elements of their economic agenda.
The Biden administration should reinvigorate the President’s Export Council as part of a broader plan to boost exports and drive economic growth, advisers told Commerce Secretary Gina Raimondo on Wednesday.
News analysis
With the launch of the Partnership for Global Infrastructure and Investment, the G7 is hoping to offer an alternative to developing countries that have utilized China’s Belt and Road Initiative, which Beijing has used to champion state-affiliated companies, boost technological exports, and garner economic and political influence.
Reps. John Garamendi (D-CA) and Jim Costa (D-CA) on Wednesday introduced a bill crafted to incentivize ocean carriers to serve American exporters -- and not just importers -- by moving them to the front of the line at U.S. ports.
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Food security concerns continue to dominate meetings on agriculture issues at the World Trade Organization, with members this week addressing the implementation of the 12th ministerial conference food security declaration and the U.S. and others confronting India about its wheat export ban, as well as Russia about blocking Ukrainian agricultural exports.
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The Biden administration will continue its push for more robust rules and enforcement related to illegal, unregulated and unreported fishing and forced labor on fishing vessels, the White House said on Monday, directing the Office of the U.S. Trade Representative to continue to push for fisheries subsidies disciplines that did not make it into the pared-down deal agreed at the World Trade...
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The U.S. is aggressively enforcing export controls geared toward hampering Russia, adding entities in China and elsewhere that have supplied the Russian military to the Commerce Department’s Entity List and pledging continued vigilance of such “backfill attempts,” Commerce Secretary Gina Raimondo said on Wednesday.
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Leaders from the Group of Seven, which includes seven of the nine largest economies in the world, on Tuesday repeatedly criticized a bevy of Chinese policies and promised to “develop coordinated action” to respond to Beijing’s “non-market” economic interventions.
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The leaders will discuss a host of issues including energy -- the subject of mounting trade tensions between the two countries.
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Mexico this week said it will review a U.S. request to investigate claims that worker rights are being violated at an auto parts facility in the country -- the fourth such request invoking the U.S.-Mexico-Canada Agreement’s rapid-response mechanism.
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FEATURED STORY
Some Republican senators -- but fewer than 10 -- are ready to throw their support behind a carbon border fee targeting high-emissions imports, according to Sen. Chris Coons (D-DE), a leading proponent of the policy and co-chair of a bipartisan caucus that has been wrestling with how to design and legislate it.
A weekly overview of the policy moves driving the U.S.-China tech competition
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Industry groups to BIS: TTC supply chain focus should extend beyond U.S., EU
Several industry groups are urging the U.S. and the European Union to expand the focus of the Trade and Technology Council to include other key partners they say are critical to ensuring the resiliency of critical supply chains.
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In post-MC12 ag meeting, U.S. and others confront India over wheat ban
Food security concerns continue to dominate meetings on agriculture issues at the World Trade Organization, with members this week addressing the implementation of the 12th ministerial conference food security declaration and the U.S. and others confronting India about its wheat export ban, as well as Russia about blocking Ukrainian agricultural exports.
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Labor’s Lee meets with Guatemalan, Honduran officials on CAFTA-DR standards
Deputy Under Secretary of Labor for International Affairs Thea Lee this week is visiting Guatemala and Honduras to discuss efforts to improve compliance with labor standards under the Dominican Republic-Central America Free Trade Agreement, according to the U.S. embassy in Guatemala.
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G7 leaders take aim at Chinese economic policies, forced labor
Leaders from the Group of Seven, which includes seven of the nine largest economies in the world, on Tuesday repeatedly criticized a bevy of Chinese policies and promised to “develop coordinated action” to respond to Beijing’s “non-market” economic interventions.
SPECIAL REPORT: The 12th WTO ministerial
Okonjo-Iweala, WTO members tout MC12 success; package gets mixed reviews from business, civil society
GENEVA -- Hailing the package of outcomes agreed at the World Trade Organization’s 12th ministerial conference as historic, Director-General Ngozi Okonjo-Iweala and WTO members have touted its breadth and systemic importance for the organization, though the reaction from business and civil society groups has been mixed.
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