US Confident Of TPP Deal By Year-End After Japan Entry
Biden eyes trans-Pacific trade deal ’this year’
US Trade Representative, Michael Froman, expressed confidence on Thursday that the Trans-Pacific Partnership (TPP) free trade talks will reach a conclusion by the end of this year after the entry of Japan, Japan's Jiji Press reported.
Asked if Japan's participation in the TPP talks may cause a delay in negotiations, Froman said in testimony to the House Ways and Means Committee: "We had...
U.S. trade chief urges India to heed U.S. companies' complaints
Via Business Recorder
US Vice President Joe Biden said Thursday he aims for completion of a huge trans-Pacific trade deal in 2013, as he outlined efforts to embrace Asia and broaden global prosperity.
Biden, who embarks early next week on an official visit to India and Singapore, said the Trans-Pacific Partnership (TPP) that would encompass 40 percent of the world's economy will be the perfect vehicle for...
India, US should work together to improve business environment by reducing trade barriers
U.S. Trade Representative Michael Froman urged India on Thursday to reverse course on policies that he said discriminated against American companies and were fraying relations between the world's two largest democracies.
"Let me stress that as a friend of India and one of the caretakers of our economic relationship, I am concerned about the investment and innovation environment in India...
An Opportunity to Strengthen U.S.-China Ties
Via The Economic Times
By Nancy J Powell
On July 12, the United States of America will host the US-India CEO Forum. This annual meeting of government and industry was launched by President George W Bush and Prime Minister Manmohan Singh in 2005 and is designed to enhance bilateral trade and strengthen economic cooperation between our companies and our people. We look to the forum to develop new approaches in enhancing the economic...
China warms to US-led trade pact
Via The Wall Street Journal
Bilateral trade surged to about $500 billion last year, from $267.6 billion in 2006.
The fifth round of the China-U.S. Strategic and Economic Dialogue will be held in Washington, D.C., on July 10 and 11. It is another important step forward taken by the two governments in their efforts to build a new model of major-country relationship after President Xi Jinping and President...
TAPP applauds Chairman Terry in Omaha World-Herald
Via China Daily
China is becoming "positive" about the possibility of seeking entry to the Trans-Pacific Partnership, but it will be some time before any decision is reached, according to sources in the Ministry of Commerce.
"China is still doing its research" on the regional trade agreement, one source close to the matter told China Daily on condition of anonymity. The government has reached a...
TAPP Letter to Chairman Lee Terry and Ranking Member Jan Schakowsky
Via Omaha World-Herald
Terry trade work appreciated
U.S. Rep. Lee Terry deserves a great deal of credit for chairing last week’s hearing on Capitol Hill, “A Tangle of Trade Barriers: How India’s Industrial Policy Is Hurting U.S. Companies.” It was perhaps the most important public conversation to date concerning India’s recent, egregious intellectual property violations.
The United States and India have...
Pennsylvania companies need advocate in talks with India
The Honorable Chairman Lee Terry and the Honorable Ranking Member Jan Schakowsky
Subcommittee on Commerce, Manufacturing, and Trade
Committee on Energy and Commerce
U.S. House of Representatives
2125 Rayburn House Office Building
Washington, DC 20515
Dear Chairman Terry and Ranking Member Schakowsky,
I write today on behalf of the Trade Alliance to Promote...
India Must Improve IP Laws, Enforcement to Seize on Tremendous Bollywood Opportunity
Via Scranton Times-Tribune
By Patrick Rosenstiel
As Secretary of State John Kerry travels to India this month to represent U.S. interests at the 4th Indo-U.S. Strategic Dialogue, I echo Sen. Bob Casey's recent statement urging Mr. Kerry to confront the government of India on its egregious intellectual property violations. As we negotiate bilateral and multilateral trade agreements around the globe, a top priority must be protecting the...
Japan PM Announces Nation To Join TPP Trade Talks
Via Global Intellectual Property Center
WASHINGTON -- As we negotiate bilateral and multilateral trade agreements around the globe, our top priority must be protecting the intellectual property rights of North American companies. This goes for patents for life-saving cancer medications as well as creative copyrights for movie productions.
India is the latest example of the international erosion of intellectual property rights...
PATRICK ROSENSTIEL: Free-trade block needs Heitkamp’s support
TOKYO--Japanese Prime Minister Shinzo Abe announced Friday that his country will take a seat at the negotiation table of the U.S.-led Trans-Pacific Partnership free trade negotiations, a move that may pit him against powerful farm lobbies ahead of upper house elections.
"This is our last chance to join the TPP and take part in the rule-making," Mr. Abe told reporters Friday at a press...
Well Crafted Trade Agreements Are An Economic Growth Lubricant
Via Grand Forks Herald
WASHINGTON — As the dust settles from the narrowly averted fiscal cliff crisis and the newly-elected 113th Congress is sworn in, I urge freshman policy makers such as Sen. Heidi Heitkamp, D-N.D., to pay close attention to what could potentially be the most significant foreign and domestic policy initiative of this administration: the Trans-Pacific Partnership or TPP.
Decisions that could...
Japan Eases Limits on U.S. Beef Imports
By Rep. Jon Porter
Every time the U.S. negotiates a new trade deal, it seems that there is an enormous amount of misinformation generated by all sides of the debate in an attempt to frame the issue in the narrowest terms, portraying it as either a panacea or the end of the world.
The fact of the matter is that trade is a complex and nuanced issue that can’t readily be broken down into sound bites. No side...
China's Investments Prompt Call for New Rules
Via The Wall Street Journal
By Curt Thacker and Bill Tomson
Japan has agreed to let more U.S. beef into the country for sale in a further easing of restrictions that stemmed from the first U.S. case of mad-cow disease a decade ago.
U.S. officials confirmed Monday that Japan will now allow imports of beef from cattle less than 30 months of age, compared with the current limit of 20 months. U.S. trade officials said the change is expected to boost...
Egypt Plans to Double Non-Oil Exports to U.S.
Via China's Investments Prompt Call for New Rules
By Bob Davis
The political furor that accompanies many overseas investments by China is easy to understand. What to do about the investments is a lot more complicated.
Unlike private companies, China's state-owned enterprises serve two masters: the Communist Party and private shareholders. And the party holds the trump card, because it, not the board, appoints CEOs. Western policy makers suspect such...
U.S. May Double Soybean Exports to Russia After Trade Law
Via China's Investments Prompt Call for New RulesEgypt Plans to Double Non-Oil Exports to U.S.
Egypt is planning to double its non-oil exports to the United States in the new year, minister of trade and industry Hatem Saleh said in a statement on Tuesday. Egypt aims to "create new opportunities for exports through cooperation with retail chains in the United States," the minister added.
According to the ministry's website, Egyptian non-oil exports to the U.S. in the first nine...
Is a Free Trade Agreement Between the US and EU Brewing?
Via Bloomberg Businessweek
By Marina Sysoyeva
The U.S., the world’s largest soybean exporter, may double shipments of the oilseed to Russia after eliminating some trade barriers with the country.
The U.S. House of Representatives on Nov. 16 passed legislation that would allow President Barack Obama to grant permanent normal trade relations with Russia. The U.S. won’t be able to take full advantage of Russia’s joining the World Trade...
The End of China Bashing: Toward a Serious Discussion of the Trade Deficit
Via The New York Times
By Jack Ewing
A free-trade agreement between the United States and Europe, elusive for more than a decade but with a potentially huge economic effect, is gaining momentum and may finally be attainable, business and political leaders say.
Arduous negotiations still lie ahead, but if technical hurdles can be overcome, supporters of a pact argue, it could rival the North American Free Trade Agreement in...
Paul Krugman and Ezra Klein both say, following Joe Gagnon, that the time for criticizing China for "currency manipulation" has passed. This is partly true in the sense that China's currency has risen substantially in real terms against the dollar over the last few years. However this does not mean either that the relative value of the dollar and the yuan is now at a sustainable level or that...