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Japan TPP Negotiator Wonders Why Pact Excludes Monetary Policy
21/07/2014
With an ultimate goal of stimulating economic growth, hopes are high that the proposed Trans-Pacific Partnership free trade agreement will lead to a spike in cross-border business deals among member countries. Assuming that’s the case, Japan’s chief TPP negotiator posed an interesting question: why does the pact sidestep a key factor that affects practically all international business activity?
WTO Calls Out U.S. On Chinese Solar Tariffs But Real Issue Is Manufactured Back Home
21/07/2014
On Monday the World Trade Organization (WTO) found the United States guilty of violating global trade rules when it imposed punitive import duties in 2012 on a number of Chinese products, including solar panels. In the $7.2 billion case, the 3-member WTO panel found that the U.S. was unjustifiably imposing countervailing duties as a response to the alleged subsidies that the Chinese government was providing to exporting firms.
TPPing over?
16/07/2014
Why is the Trans-Pacific Partnership (TPP) taking so long to conclude? It has already missed three deadlines, the latest being October 2013. And President Barack Obama’s recent Asia visit did not produce the widely anticipated push towards the finish line. And what will the TPP will look like when finally concluded? Despite WikiLeaks’ best efforts, the negotiations are walled by secrecy. Will the TPP be the comprehensive twenty-first century agreement proponents tout? Or will it wallow as a watered-down compromise, riddled with exemptions, as detractors predict?
WTO Rejects the Majority of India’s Challenges to U.S. Countervailing Duties Taken to Address India’s Unfair Steel Subsidies
16/07/2014
Washington, D.C. – United States Trade Representative Michael Froman announced today that a World Trade Organization (WTO) dispute settlement panel issued a mixed result, rejecting numerous claims brought by India in a challenge against U.S. trade remedy laws and determinations issued by the Department of Commerce regarding imports of certain steel products from India.
