Talks Open to End Tariffs on Wind Turbines, Water Filters
TPP Talks Have Productive Weekend in Canada
Via Bloomberg News
By Brian Wingfield
The U.S., European Union and 12 other governments in the World Trade Organization have opened negotiations on a trade deal aimed at ending tariffs on environmental goods such as wind turbinesand solar panels. The WTO members agreeing to the talks announced today in Geneva account for 86 percent of global trade in the products, the U.S. Trade Representative’s office said. The U.S. exported $106...
Rivals Already Outgun U.S. on Trade Subsidies as Ex-Im Imperiled
By Alfonso Esparza
Talks for a Pacific Rim free trade pact got into full swing Saturday, with chief negotiators from the 12 countries involved joining working-level discussions that started earlier.
EDITORIAL: Reviving free-trade agreements would revive the economy
Via Bloomberg Businessweek
By Ian Katz, Kevin Hamlin and Brian Parkin
South Korea topped the U.S. on government-backed export credit last year with an economy one-fourteenth as large. Germany helps Airbus Group NV compete against Boeing Co. with loan guarantees. China supports exporters of petrochemicals and electronics. The Obama administration is highlighting competition from abroad in its bid to keep alive the 80-year-old Export-Import Bank, which provides loans...
Export-Import Bank – Leveling the Playing Field
By THE WASHINGTON TIMES
America’s economic engine needs a jump start. Everyone agrees on that much. The Commerce Department reported Wednesday that U.S. production shrank 2.9 percent in the first quarter of 2014, while corporate profits tumbled 9 percent from last year’s numbers. One way out of this would be to give President Obama more power. That sounds to most ears like a terrible idea. This president has assumed far...
Congressional Hostility To Trade Is A Risky Business
By Pat Rosenstiel, Executive Director of TAPP
For over 80 years, the Export-Import Bank (Ex-Im Bank) has provided American industry with the same competitive advantage assured to foreign businesses that receive export incentives from their own governments. In a global economy that does not always adhere to the free market ideals of our own, the Ex-Im Bank provides security for the jobs and opportunities that are created by exporting...
WTO Raises Forecast for Global Trade
Via Investors Business Daily
By Carlos Gutierrez
Two billion people in the Asia-Pacific region have reached the middle class. By 2020, another 1.2 billion will join them. No wonder U.S. businesses are increasingly looking across the Pacific in search of growth.
Unfortunately, Congress is undermining their efforts. Several lawmakers are opposing the Obama administration's push to conclude negotiations on the Trans-Pacific Trade...
Congress top obstacle to TPP deal
Via The Wall Street Journal
By Peter Kenny
GENEVA—The World Trade Organization narrowly upgraded its 2014 forecast for global trade but cautioned that growth remained well below the long-term average.
The Geneva-based trade body Monday raised its estimate for growth in the value of trade in goods to 4.7% from 4.5% as economic growth showed signs of recovery. Despite the improvement, the forecast remained below the 5.3% average...
New process for global trade agreements would help Indiana
Via Japan Times
By Erik Johnson
Failure by Japanese and U.S. negotiators to reach a Trans-Pacific Partnership agreement is making headlines across Japan and raising concerns about the implications for U.S. President Barack Obama’s trip here later this month.
But as two U.S. congressional representatives and a Washington-based group opposed to the TPP said Friday morning, such commentary obscures a more important...
Japan, Australia clinch trade deal as US-Tokyo talks heat up
Via Indy Star
By Michael Ducker - President, FedEx International
Starting this month, huge Boeing 777 cargo aircraft will begin streaming in and out of Indianapolis four nights a week coming from the new FedEx Express hub in Osaka, Japan. Locating our FedEx North Pacific Regional Hub on the western edge of Japan is partly due to a combination of geography, flight optimization, package consolidation, and something the Kansai International Airport (KIX)...
The U.S. is still indispensable when it comes to free trade
By Kiyoshi Takenaka
(Reuters) - Japan and Australia clinched a basic trade deal on Monday to cut import tariffs, as U.S. and Japanese officials stepped up efforts to reach a parallel agreement that would re-energise stalled talks on a broader regional pact.
The agreement between Japan and Australia comes as the United States and Japan push for their own two-way trade deal - a key component of a broader U.S...
Why Obama and Abe should take lead on TPP
Via The Washingtion Post
By David Ignatious
Name a foreign policy issue on which China and most of the rest of the world’s nations are struggling to keep up with a U.S. initiative. If you guessed “free trade,” you’re correct.
In a season that has mostly brought reversals for Obama administration efforts abroad, the free-trade agenda keeps on chugging. The massive weight of the U.S. economy creates incentives for cooperation with...
Trade Pacts in the Works May Boost Small Business
By Michael Green & Matthew P. Goodman
Editor’s note: Michael Green is senior vice president for Asia at the Center for Strategic and International Studies and a professor at Georgetown University. He served on the National Security Council staff in the George W. Bush administration. Matthew P. Goodman, a former member of the NSC staff in the Obama administration, is chair in political economy at CSIS. The views expressed are their...
The Empress of China Inaugurated the Trans-Pacific Partnership
Via ABC News
By Joyce M. Rosenberg
Small businesses may get an export boom under trade agreements the federal government is hammering out with Pacific and European countries.
Just 1 percent of U.S. companies export. Overseas markets represent a huge opportunity for small businesses that want to increase their revenue, but expensive tariffs, burdensome paperwork and delays in customs makes doing business with some...
Time for modern trade policy in TPP
Via The Huffingtion Post
By Patrick Mendis
Every year, America celebrates the birthday of President George Washington, the founder of our nation. A far less recognized but momentous event in the world's history purposefully occurred on his 52nd birthday; the new nation officially inaugurated the commercial relationship with China in the dawn of American Independence. In 1784 -- exactly 230 years ago -- the Empress of China made its...
With protections set to lapse on advanced drugs, U.S. presses strict rules overseas
Via The Hill
By former Gov. Matt Blunt (R-Mo.)
The Trans-Pacific Partnership (TPP) can serve as a foundation of stability - fostering security and economic growth throughout the Pacific Rim region. That is why it is critical that the 12 countries negotiating TPP focus on crafting a modern and relevant trade agreement.
As global automakers that benefit from open trade and investment, American automakers Chrysler, Ford and GM, have...
Japan, U.S. Work to Bridge Gaps on Exports
Via The Washingtion Post
By Matt Schneider
Stung by overseas patent rulings that could undercut U.S. companies, the Obama administration is trying to expand protection for the makers of the world’s most advanced medicine through trade rules that critics argue could lead to higher global drug prices.
The effort has sparked an intense debate between pharmaceutical firms looking to protect costly research investments and fund the...
TAPP Executive Director Pat Rosenstiel Thanks Baucus in the Missoulian
Via Wall Street Journal
By William Mauldin
Japan and the U.S. conducted a new round of trade talks in Washington on Tuesday aimed at overcoming a decades-old snag over the limited access U.S. farmers and Detroit auto makers have to the Japanese market.
Resolving those differences is central to sealing a 12-nation trade bloc that encircles the Pacific—as well as overcoming congressional jitters over the deal.
Charting the Course: Ranking the Players of Global Intellectual Property Rights
Thank Baucus for helping to protect nation's greatest export: intellectual property
Originally published February 13th online at http://missoulian.com
What would you say is America’s greatest export? And how many pounds, gallons, barrels or bushels of this product make it beyond our borders each year?...
Unveiling the “Unveilers” – The Real Facts on Trans-Pacific Partnership Agreement (TPP)
This morning, the U.S. Chamber of Commerce released the 2nd edition of the GIPC (Global Intellectual Property Center) Intellectual Property Index, rating 25 of the world’s most vital economies on the strength of their intellectual property (IP) protection efforts. The United States, the United Kingdom, France and Singapore received the best scores; Vietnam, Thailand and India were rated as the...
The news earlier this week of an alleged leaked version of the Trans-Pacific Partnership Agreement (TPP) intellectual property text has set the usual suspects aflame, with predictions of horrors so great, we would all wish the Mayans had been right. It’s no coincidence, I think, that all these same folks were against the TPP when it was first announced. And they were against the U.S.-Korea...