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Katherine Tai on enforcing trade agreements
The original NAFTA might have had labor and environment rules, but they turned out that they were unenforceable and there were no teeth, said USTR Tai.
Lone Star, other investor-state disputes cost Korea W68.5b
South Korea has spent nearly 68.5 billion won ($48.1 million) in total to fight and settle investor-state dispute settlements since 2013,#including its battle with US-based private equity firm Lone Star, data showed.
Decade-long ISDS lawsuit vs Lone Star costs S. Korean gov’t $40 mn
The South Korean government is found to have spent nearly $40 million in litigation expenses for its decade-long legal dispute against US private equity firm Lone Star Funds.
Fears Kenya deal with US could hurt regional trade
The pursuit of a new trade pact between Washington and Kenya is eliciting old fears on whether it could hurt adherence to obligations under the East African Community, and hence continental ambitions for more commerce.
AFL-CIO requests USMCA labor complaint at Saint-Gobain glassmaker in Mexico
The biggest US labor federation asked the US government to open a complaint at a Saint-Gobain glass plant in Mexico, the latest in a series of petitions alleging worker rights violations in Mexico under a regional trade pact.
US farmers urge Washington to challenge Mexico’s looming ban on GM corn
Farmers in the United States are urging their government to challenge a looming Mexican ban on genetically modified corn under a regional free trade agreement.
No US trade deal on the horizon, admits Truss as she flies in for Biden meeting
UK PM admits talks are not even taking place and plays down hopes from Brexiters that they could start ‘in the short to medium term’.
Kenya seeks temporary trade deal with US before full-fledged pact
Kenya is hoping for a temporary trade partnership before establishing a fully-fledged trade deal with the United States, Citizen Digital news portal reported, citing outgoing Trade and Industrialization Cabinet Secretary Betty Maina.
Chinese firms skip over US tariffs by setting up shop in Mexico
Thanks to the country’s free-trade pact with the US and Canada, goods from Mexico can travel across the border duty-free, whereas one shipped to the US from China would be hit with a 25% tariff.
Mexico, US close VU Manufacturing complaint in fifth USMCA labor probe
Mexico and the United States have resolved the latest in a series of labor complaints under a regional trade pact, saying that workers at auto-parts plant VU Manufacturing in northern Mexico were able to elect the union of their choice.
Mexico-US energy tensions ease as focus shifts to shared opportunities
Energy sector tensions between the United States and Mexico have quieted in recent days as both sides work to change the narrative towards cooperation.
Hope for Kenya-US trade deal as Tai leads team to Ruto’s swearing in
Kenya-US trade talks could soon be fast-tracked as the latter’s trade representative Katherine Tai, is expected to lead a delegation to President-elect William Ruto’s inauguration this week.
Agricultural trade and standards within the Indo-Pacific Economic Framework (IPEF)
Within the trade pillar, it seems very likely that discussions on agriculture will focus on market access and the non-tariff issues, such as Technical Barriers to Trade and Sanitary and Phytosanitary Measures.
US, Indo-Pacific countries agree on roadmap to strengthen trade ties
The United States and 13 Indo-Pacific countries on Friday agreed on parameters for negotiating closer trade, environment and economic ties .
India opts out of trade talks with US-led Indo-Pacific group
India opted out of trade talks with a US-led group of Asian nations, again avoiding easing access to its markets via a multi-country deal, while moving ahead with the others in areas including supply chains and clean energy.
India to join three of four IPEF ‘pillars’
India New Delhi has decided to become part of resilient economy, clean economy, and fair economy components of the framework, but it will not join the connected economy (trade) pillar of IPEF.
US says Indo-Pacific Economic Framework beyond “traditional trade agreement”
Official negotiations on the Indo-Pacific Economic Framework are set to start in Los Angeles, when US Trade Representative and US Commerce Secretary sit down with their counterparts from 13 other participating countries.
Demanding a transparent and participatory process in any Indo-Pacific Economic Framework (IPEF) negotiations
The need for another trade agreement in Asia-Pacific has not been established. If countries choose to move forward with Indo-Pacific Economic Framework talks, they must be based on a new model that prioritizes the interests of people instead of just big corporations.
US not looking for free trade agreement: Piyush Goyal in CA
India and the US are ready to be more engaged in the Indo-Pacific economic framework, which will help create more resilient supply chains and partnerships between businesses in the two countries.
Q & A on IPEF (“Indo-Pacific Economic Framework for Prosperity”)
The IPEF is the US’s latest strategy to be the global rule-maker on trade, food production, digital and data, the climate crisis, regulating services, corporate power to influence new laws, multinationals’ tax rates, and much else.