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U.S.-Peru Trade Promotion Agreement PDF Print E-mail
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Posted by Ross Korves   
Thursday, 13 September 2007
The recent Senate Finance Committee hearing on the U.S.-Peru Trade Promotion Agreement is an encouraging sign that Congress is moving forward on completed agreements that have not been voted on. The agreement was signed in April of 2006 and is covered by the May 2007 agreement on labor and environmental issues in free trade agreements between the Administration and Democratic leaders. Committee Chairman Baucus (D-MT) noted in his opening remarks, “For the first time in any trade agreement, the U.S.-Peru Trade Promotion Agreement includes meaningful, and fully enforceable, labor and environmental protections.”

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The U.S. Farm Bill and Developing Countries PDF Print E-mail
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Posted by Ross Korves   
Thursday, 06 September 2007
With the House of Representatives having passed a 2007 farm bill and the Senate Agriculture Committee set to begin work shortly, the International Food and Agricultural Trade Policy Council (IPC) has release an issue brief titled “The 2007 Farm Bill: Implications for Developing Countries.” It provides a view of how the world trade policy community looks at the House bill and how it could impact WTO trade policy negotiations. The IPC’s stated purpose is to find “practical solutions that support the more open and equitable trade of food and agricultural products to meet the world’s growing needs.”

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ASEAN Keeps Moving Toward Freer Trade PDF Print E-mail
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Posted by Ross Korves   
Thursday, 30 August 2007
While the Doha Round of WTO trade policy talks idles along and the U.S. lacks Trade Promotion Authority to negotiate free trade agreements (FTAs), the ten countries of the Association of Southeast Asian Nations (ASEAN) are moving ahead with increased intra-ASEAN trade and FTAs. The Economic Ministers of the ten countries meeting in Makati City, the Philippines, on August 24 prepared for a seven year effort to create the ASEAN Economic Community by 2015 and continued their support for the Doha talks.

The countries of ASEAN (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) have a combined population of 570 million people, GDP of $1.1 trillion and per capita GDP of $1,900 ($5,200 on a purchasing power parity basis). They had 2006 exports of $751 billion, imports of $654 billion and foreign direct investment of $52.4 billion, up 27 percent from 2005. The countries range from small, affluent Singapore, to prosperous Malaysia with 27 million people, to Indonesia with 222 million people to emerging economies of Laos, Vietnam and Cambodia.

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Trust, Trade and China PDF Print E-mail
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Posted by Ross Korves   
Thursday, 23 August 2007
The ongoing revelations that products made in China and imported to the U.S. do not meet health and safety standards taken for granted in this country will force the Chinese government and businesses to make fundamental reforms that they have not been willing to do up to now. Consumers in importing countries have choices, and they will force suppliers to reject Chinese products if they do not meet accepted standards.

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The 2007 NAFTA Commission Meeting PDF Print E-mail
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Posted by Ross Korves   
Wednesday, 15 August 2007
The NAFTA Commission, the trade ministers of the U.S., Canada and Mexico, met in Vancouver, B.C., Canada on August 13-14. With serious trade disagreements like U.S. government domestic policy for corn production, the movement of softwood lumber from Canada to the U.S. and Mexican trucks operating in the U.S., they could have gotten lost in those details. There probably was considerable behind the scene’s discussion about those issues, but the joint statement after the meeting showed that the trade ministers focused on future opportunities rather than disagreements of the present.

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