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US, Indo-Pacific countries agree on roadmap to strengthen trade ties
12-Sep-2022 Reuters
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
12-Sep-2022 NDTV
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’
9-Sep-2022 Hindustan Times
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”
8-Sep-2022 The Print
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
8-Sep-2022
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
7-Sep-2022 India West
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”)
5-Sep-2022
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.
US looking to lock in Pacific with new economic framework
5-Sep-2022 PANG
This week Trade Ministers from eleven countries will meet with the view to launch negotiations for an Indo-Pacific economic agreement.
Some implications of the digital economy paragraph of the leaked draft ministerial text for IPEF trade pillar
2-Sep-2022
The US will host the first in-person IPEF Ministerial meeting in Los Angeles from 8-9 September 2022, which is expected to launch formal negotiations. Some countries may decide not to remain involved in some or all of the IPEF’s “pillars”.
South Korea to appeal international tribunal’s order to pay Lone Star By Kim Arin
1-Sep-2022 Korea Herald
South Korea plans to seek annulment of an international tribunal’s verdict to compensate Lone Star Funds in a decade long investor-to-state dispute arbitration.
S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit
31-Aug-2022 Yonhap
An international tribunal ordered South Korea to pay the US private equity firm Lone Star Funds US$216.5 million, bringing an end to a decade long legal battle surrounding its sell-off of a local bank.
Canada challenges US softwood lumber duties under USMCA trade pact
30-Aug-2022 The Globe and Mail
International Trade Minister Mary Ng says Canada is formally initiating a challenge against “unwarranted and unfair” U.S. duties on Canadian softwood lumber.
Minister says inflation law ‘highly likely’ to violate FTA
30-Aug-2022 The Investor
South Korean Minister of Trade Industry and Energy said the US Inflation Reduction Act that bans tax benefits for electric vehicles built outside of North America is highly likely to breach the US-Korea FTA and WTO rules.
Hogging the gains from trade in Mexico
26-Aug-2022 Medium
The multinational pork giant Smithfield, now owned by a Chinese firm, took advantage of trade, investment, labor, environmental, and immigration policies, after NAFTA, to expand its low-wage factory farming model on both sides of the US-Mexico border.
Tensions rise as Korea waits for verdict on Lone Star dispute
26-Aug-2022 Korea Herald
The Korean public has been in outrage over the matter for more than a decade, claiming that the case was an international “fraud” committed by an overseas private equity firm.
Kenya’s GDPR-style legislation threatens US firms’ x-border data transfer model
24-Aug-2022 Pymnts
In the Kenyan context, Meta’s GDPR woes may be avoided if the U.S. gets its way in a proposed free trade deal between the two countries which is currently in discussions.
The New U.S. Africa Strategy Breaks From the Status Quo—With Some Perplexing Stumbles
16-Aug-2022 Carnegie Endowment
U.S. positioning for the great power competition with China and Russia for influence in Africa.
Taiwan-US trade deal talks to start soon: John Deng
15-Aug-2022 Taipei Times
The Taiwan and US will hopefully reach an agreement before an APEC summit in the US late next year, Taiwan’s chief trade negotiator said.
Morocco, only country in Africa having FTA with USA, State department report
2-Aug-2022 North Africa Post
The FTA supports Morocco’s goals to develop as a regional financial and trade hub, providing opportunities for the localization of services and the finishing and re-export of goods to markets in Africa, Europe, and the Middle East, says the report.
Congress could consider CAFTA-DR changes
26-Jul-2022 ST&R
A recent report lays out several changes that lawmakers could consider to the CAFTA-DR free trade agreement between the US and six Latin American countries, but as yet there is no clear path forward on any such measures in Congress.