International Trade

EU wants framework for trade deal with US by end-2015

Reuters | May 21, 2015 | International Trade

Germany and its European partners remain committed to achieving the political framework for a Europe-U.S. free trade deal by the end of this year, Chancellor Angela Merkel said. Read More »

US fast-track trade bill clears key hurdle in Senate

Reuters | May 21, 2015 | International Trade

Legislation key to sealing a Pacific trade pact passed another important test in the U.S. Senate, boosting hopes for a deal that is central to President Barack Obama's strategic shift toward Asia. Read More »

Republican senator voices opposition to advancing fast-track bill

Reuters | May 21, 2015 | International Trade

Conservative Republican U.S. Senator Jeff Sessions warned against rushing ahead with a "fast-track" bill that President Barack Obama wants to help him complete a Pacific Rim trade deal, indicating some erosion of support for the measure. Read More »

Senate Republicans said to pledge June vote on Ex-Im Bank

Reuters | May 21, 2015 | International Trade

Senate Republican leader Mitch McConnell has pledged to hold a vote in June to renew the Export-Import Bank's charter before it expires at the end of that month, Democratic Senator Patty Murray said. Read More »

US aims to limit exports of undisclosed software flaws

Reuters | May 21, 2015 | International Trade

The U.S. Commerce Department proposed new export controls that would treat unknown software flaws as potential weapons, a move aimed at reducing the security industry's aid to rival nations. Read More »

China may have edge in race to build California’s bullet train

Reuters | May 21, 2015 | International Trade

Chinese state firms are poised to be strong contenders in the race to make high-speed trains that will sprint between Los Angeles and San Francisco, part of a $68 billion project to bring the service to the United States for the first time. Read More »

Obama’s Asian trade push in doubt as Senate vote looms

Reuters | May 21, 2015 | International Trade

President Barack Obama's keynote Asian trade push risks failing in a Senate vote on Thursday, a result that would threaten the administration's diplomatic pivot to Asia to counter China's rising economic and political clout in the region. Read More »

Brazil, in reversal, blocks Peru coffee imports

Reuters | May 21, 2015 | International Trade

Brazil's government said it would not allow imports of Peruvian coffee, reversing last month's decision to open its market to its South American neighbor. Read More »

Japan takes South Korea to WTO over Fukushima-related food import restrictions

Reuters | May 21, 2015 | International Trade

Japan launched a trade complaint at the World Trade Organization to challenge South Korea's import bans and additional testing requirements for Japanese food after the 2011 Fukushima nuclear disaster. Read More »

Japan unveils $110 billion plan to fund Asia infrastructure, eye on AIIB

Reuters | May 21, 2015 | International Trade

Japan unveiled a plan to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington. Read More »

A Prediction on Cuba by Dan Gardner, President Trade Facilitators, Inc.

AJOT | May 21, 2015 | International Trade

The President had just implemented a series of travel, commercial and remittance reforms towards the island, and I viewed the move as the first of many that would end six decades of failed isolationist policy. Read More »

German bank HSH plans to split off bad shipping loans

Reuters | May 21, 2015 | International Trade

German lender HSH Nordbank could split off a “bad bank” for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter. Read More »

Brazil’s Vale to sell 4 large iron ore carriers to China’s CMES

Reuters | May 20, 2015 | International Trade

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump. Read More »

US senators threaten to block trade debate over Ex-Im renewal

Reuters | May 20, 2015 | International Trade

Legislation to fast track trade deals through Congress inched a step closer to a U.S. Senate vote but Democratic and Republican senators threatened to block debate until they are assured of a vote to keep the Export-Import Bank alive. Read More »

US lawmakers compromise on ‘poison-pill’ Pacific trade rules

Reuters | May 20, 2015 | International Trade

U.S. lawmakers reached a compromise on rules that threatened to derail a proposed Pacific trade partnership by agreeing to soften tough provisions against human trafficking. Read More »

US bill to repeal meat labeling laws advances

Reuters | May 20, 2015 | International Trade

U.S. legislation to repeal meat labeling laws, which the World Trade Organization found discriminate against Mexico and Canada, passed a congressional committee and moved one step closer to becoming law. Read More »

Only US rivals win if Congress blocks Asia trade pact

Reuters | May 20, 2015 | International Trade

Secretary of State John Kerry made an impassioned plea to Congress to pass fast-track legislation needed for a 12-nation Pacific trade agreement, saying that failure to do so would benefit U.S. rivals. Read More »

Clinton, White House spar over trade as fast-track vote looms

Reuters | May 20, 2015 | International Trade

Democratic U.S. presidential contender Hillary Clinton set up a potential clash over sensitive trade legislation with the White House, urging steps to prevent currency manipulation and lawsuits by foreign companies against governments. Read More »

China says “strongly concerned” about US economic espionage case

Reuters | May 20, 2015 | International Trade

China is "strongly concerned" about a case in which six Chinese nationals were charged by the United States with economic espionage, it said. Read More »

US Treasury’s Lew urges China to reduce currency interventions

Reuters | May 20, 2015 | International Trade

U.S. Treasury Secretary Jack Lew told a top Chinese official on Wednesday that Washington still wants China to reduce government intervention in the foreign exchange market, a Treasury official said. Read More »