Public, congressional input is essential to prevent another TPP.
Kenya exported $685.1 million worth of goods to the United States in 2021, of which more than 75% entered duty free under AGOA, according to the Congressional Research Service
The United States and Canada demanded dispute settlement talks with Mexico under a North American trade deal, charging that Mexican energy policies were discriminatory and "undermine" international firms and cross-border supplies.
Biden team requests dispute-settlement talks under USMCA deal. USTR argues Mexico’s favoring of state utility breaks pact.
Colombia’s President-elect and US Ambassador to Bogotá met to discuss common goals with the incoming administration which might include renegotiating the Free Trade Agreement signed ten years ago between the two countries.
IPEF will not be a normal trade agreement and hence challenging to negotiate. Here are some of the challenges.
Draft ministerial text for trade pillar of the Indo-Pacific Economic Framework for Prosperity (IPEF)
In April 2021, Secretary of State Antony Blinken confirmed US-Kenya FTA talks would resume. Observers believe the US-Kenya FTA, initiated by Trump in 2020, would help expand US ’carrot and stick’ trade and security policies on the continent to counter China.
President Joe Biden announced the launch of a new economic proposal called the Americas Partnership for Economic Prosperity to deepen economic ties in the hemisphere.
Many trade agreements in the Hemisphere, such as the USMCA, MERCOSUR, the Pacific Alliance, as well as other bilateral arrangements, contain provisions on good regulatory practices.
The US and South Korean governments are expected to initiate negotiations on the framework proposed by US President Joe Biden in August (2022).
Tan Tao Investment & Industry Corporation launched a billion-dollar arbitration proceeding against Vietnam under the agreement between the United States and the Socialist Republic of Vietnam.
The United States can no longer afford to buy geopolitical allies with market access.
An 11 June meeting called by USTR Katherine Tai discussed ’launching negotiations under trade pillar’, sparking fears among Indian officials that IPEF could end up as a trade agreement.
China has proposed a free-trade bloc among the five BRICS countries in a bid to enhance economic ties within the decade-old grouping, as its geopolitical rivalry heats up with the United States.
The US is preparing to escalate its complaints that Mexico’s state-favoring energy policies violate the nations’ free-trade agreement.
The US government has warned that Boris Johnson’s move to unilaterally axe some of the Northern Ireland Brexit arrangements protocol was a matter of continuing concern and “not conducive” to a trade deal.
The two sides would focus their negotiations on 11 areas, including trade facilitation, regulatory practices, standards, state-owned enterprises, nonmarket policies and practices, and countering corruption.
US is pushing for favourable terms among them a duty free market access for its goods, including agricultural and industrial, in a move aimed at taming the growing dominance of China’s trade with Kenya.
The framework is another attempt to bring India into the Western fold while positioning it more strategically in the Indo-Pacific trade network