TPP Grapples With a New International Commodity - Information

If the sparks flying in Canada are any indication, the next round of Trans-Pacific Partnership (TPP) negotiations set for Auckland, New Zealand December 3-12 will reach beyond issues of market access for goods such as dairy, sugar and textiles into a whole new arena – access to information.

Canada formally joined the TPP talks, which now involve 11 countries with a combined population of...

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Ainsley Shea
U.S.-China Economies Ties Deepen as Tensions Rise

Via The Daily Beast

China-U.S. trade tensions are mounting. The two presidential candidates are falling over themselves to bash China. GOP nominee Mitt Romney routinely chastises President Obama for being soft on China, and promises that, if elected, he will deem China a currency manipulator. President Obama is using more than his bully pulpit to express anger at China. This week, his administration filed a case...

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Ainsley Shea
Former British PM Criticizes U.S. Trade Policy

Via National Journal

Former British Prime Minister Gordon Brown on Wednesday said President Obama was equipped to turn around the global economy, but was critical of U.S. trade policy.

Pushing for cooperation between the U.S., China, India and Europe in global trade, Brown said the U.S. needs to refocus some of its economic policies.

“You, America, need to export to the rest of the world,” the former...

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Ainsley Shea
Protectionist Conspiracy Theories and the Trans-Pacific Partnership

Protectionists have never found an international trade agreement they don’t hate – even when their protectionist President is on board. 

Two months after approving the 2009 tariff on Chinese tires that only served to raise prices for U.S. consumers without restoring a single lost American tire job, President Obama did something smart and announced U.S. participation in the Trans-Pacific...

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Ainsley Shea
China is America’s trade partner – not our trade enemy

The race for the White House is all about jobs and the economy.

Question is, in the seven weeks between now the Election Day, will either President Obama or Governor Romney connect free trade to job growth in a way that seizes the advantage with worried voters?

At this point, it’s hard to say whether either side really gets it.

Meeting in Charlotte, Democrats talked jobs but...

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Ainsley Shea
The China vs USA trade is at the highest since March

Via Business Insider

In the FX world, nothing captures differentials in Chinese and US growth like AUD/CAD. Australia and Canada are tied at the neck to their trading partners.

Early in the year, AUD/CAD declined as the US economy showed signs of surprising to the upside. Jobs were plentiful and economists were talking about 3% growth. At the same time, worries about slower Chinese growth were beginning to...

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Ainsley Shea
Crude tools cloud US-China trade rows

Via Asia Times

By Benjamin A Shobert

Something has to be done to balance the United States' trade problem with China. Or, at least, that is the belief that is animating much of the political discourse taking place in Washington DC.

This very specific objective is front and center in the minds of US politicians as they rush towards the upcoming general elections in November. The problem is that the specific nature of their...

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Ainsley Shea
Countries urged to increase trade

Via China Daily

China urged the world's major economies to increase trade openness in order to revive the global economy, as world leaders reached a consensus on further countering protectionism in a last-minute deal during the G20 Summit on Wednesday.

In the final communique of the summit, which was held in the Mexican resort city of Los Cabos, leaders pledged not to put up new trade barriers until...

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Ainsley Shea
Trading strategies

Via Economist.com

TRADE negotiations sometimes seem like scrubbing the floor. They feel virtuous, take for ever and entail back-breaking work; but, when done, it is often hard to see any difference. So a first reaction to the announcement on May 13th that China, Japan and South Korea are to open talks on establishing a trilateral free-trade area is to shrug. The idea has been around for a decade. There are many...

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Ainsley Shea
U.S. Proposes Duties as High as 26% on China Wind-Tower Imports

Via Bloomberg Business Week

The U.S. Commerce Department set duties from 13.74 percent to 26 percent on imports of wind towers from China used by the energy industry, siding with U.S. manufacturers including Broadwind Energy Inc. (BWEN) (BWEN) The shares surged.

The agency released preliminary results today of its investigation into a complaint from the Wind Tower Trade Coalition, which claims its members are...

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Ainsley Shea
U.S. Proposes Duties as High as 26% on China Wind-Tower Imports

Via Bloomberg Business Week

The U.S. Commerce Department set duties from 13.74 percent to 26 percent on imports of wind towers from China used by the energy industry, siding with U.S. manufacturers including Broadwind Energy Inc. (BWEN) (BWEN) The shares surged.

The agency released preliminary results today of its investigation into a complaint from the Wind Tower Trade Coalition, which claims its members are...

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Ainsley Shea
China: U.S. breaks clean-energy trade rules

Via Yahoo Finance

BEIJING (MarketWatch) — China’s Ministry of Commerce said Thursday that a months-long investigation had revealed that U.S. support for six clean energy projects violated World Trade Organization rules and acted as barriers to trade.

State-controlled Xinhua news agency said later that the ministry found that the U.S. government provided renewable energy companies unfair grants that are...

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Ainsley Shea
PetroChina sets its sights on storage, refining in Americas

PetroChina Co Ltd will focus on storage and refining assets in the Americas this year, as part of its plan to establish three overseas operation centers to facilitate trade, said Chairman Jiang Jiemin on Wednesday.

Two other foreign operation centers - one for Asia, based in Singapore, and one for Europe, based in London - are taking shape.

Jiang sought to deflect media reports...

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Ainsley Shea
Competing integrations

Collision looms between growing cooperation of East Asian countries and US-dominated regionalism\

The Fifth Trilateral Summit between China, Japan and the Republic of Korea on May 13-14, was undoubtedly a weather vane indicating the future development of the trilateral relationship and East Asian integration.

The summit issued the Joint Declaration on the Enhancement of Trilateral...

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Ainsley Shea
Pushing Back A Government-Centered Society

Via Forbes.com

By David Malpass

The status quo will leave us with slower growth, few jobs and less liberty.

We’ve come to a critical juncture in our history. The federal government is buying trillions of dollars of its own debt and plans to spend $47 trillion over the next decade in the belief that such expenditures will motivate the private sector to hire more workers.

By its nature government wants a bigger...

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Ainsley Shea
World / Asia-Pacific US to renew ties with ASEAN countries

The United States government is renewing its focus on Southeast Asia, but it is not a part of the efforts to contain China, former US ambassador to China said at the first Meeting of the ASEAN-US Eminent Persons Group (EPG) in Manila on Monday.

Former ambassador James Stapleton Roy, US representative to the meeting which started on Monday, said in his opening statement that the reason...

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Ainsley Shea
China seeks export recovery

China is now losing an increasing number of export orders to other emerging countries because of rising costs at home. That's driving the government to consider supportive measures including tax rebates and reduced transportation fees, a commerce official said on Saturday during an investment and trade expo held in Changsha, Hunan province.

"Rising costs of labor and land as well as...

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Ainsley Shea
Solar Power Market Braces For US-China Trade Case Decision

The U.S. solar-power industry has been nervously awaiting a federal decision on whether to impose antidumping tariffs on Chinese solar-panel makers.

The Department of Commerce is scheduled to issue a decision Thursday on the tariffs as part of an investigation into accusations that Chinese solar-panel makers receive unfair government subsidies and sell their products in the U.S. at...

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Ainsley Shea
Sen. McCain: US slow to seek trade pacts in Asia

WASHINGTON (AP) — Republican Sen. John McCain called for the Obama administration to ramp up its free trade agenda in Asia and suspend U.S. economic sanctions on Myanmar, although retain an arms embargo.

Describing the administration's record on trade as "shameful," McCain said Monday the U.S. has been "sitting on the sidelines" while China has moved swiftly to secure free trade...

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Ainsley Shea