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Washington Trade Daily (Volume 26, Number 67) | 4 April 2017
President Trump may have withdrawn from the TransPacific Partnership, but his Administration plans to use TPP as the “starting point” for a revamped North American Free Trade Agreement and new bilateral deals, according to Commerce Secretary Wilbur Ross (WTD, 3/31/17).
TPP made some improvements over previous US trade deals, the secretary said in an interview with Bloomberg Television Friday. “We’re not going to throw the baby out with the bath water.”
NAFTA partners Canada and Mexico made concessions in the TPP that should be the starting point from which to build a new NAFTA – which will then be the model that can be used going forward for new US trade agreements, Mr. Ross stated.
The Commerce Secretary described himself as “anxious” to get started on NAFTA renegotiations, but said the timing is up to Congress. It would be better to conclude the negotiations well in advance of next year’s Presidential elections in Mexico, he suggested.
Asked whether the Trump Administration plans to abide by World Trade Organization rules, Mr. Ross expressed some concern about the “mindset” at the global trade body. The WTO treats antidumping and countervailing duties and domestic trade remedies in general as protectionist measures. It fails to acknowledge that trade remedy cases are on the rise because more countries are violating the rules, he said.
In a separate interview on Fox Sunday Morning Futures, Mr. Ross said he believes the US trade deficit is a “bad thing” because it means jobs are being created in other countries and not in the United States. Commerce has been charged by President Trump to compile a report on all trade barriers that are contributing to the US trade deficit (WTD, 4/3/17).
News from the movements
21-Apr-2017 Chile Mejor sin TPPSus representantes afirmaron que tratados como el TPP, el TISA y otros acentúan el extractivismo intensivo en uso de agua y atentan contra las decisiones soberanas de los pueblos respecto al medioambiente.
10-Apr-2017 Coalition Nationale "Non aux APE"La Coalition se désole de ce que des citoyens arrivent difficilement à échanger avec les autorités de ce pays sur des questions aussi importantes que les APE et la ZLEC.
7-Apr-2017 Argentina Mejor sin TLCLos pueblos latinoamericanos decimos NO a los Tratados de Libre Comercio ¡Basta de privilegios para las empresas a costa de nuestros derechos!
4-Apr-2017 No al TTIPLa campaña No al TTIP, CETA, TiSA apoya la iniciativa del grupo parlamentario Unidos Podemos – En Comú Podem – En Marea que el Congreso de los Diputados solicite al Tribunal Constitucional un examen sobre si el tratado UE-Canadá viola derechos constitucionales de la ciudadanía tal como se ha hecho en Francia y Alemania.
4-Apr-2017 Forum against FTAsAround 100 representatives of people’s movements from southern Indian states gathered at the Indian Social Institute, Bangalore from 2-3 April to discuss the implications of the proposed mega free trade agreement - Regional Comprehensive Economic Partnership (RCEP).
1-Apr-2017 The MintAfricans are insisting on actual economic development which is leaving European trade negotiators exasperated. Rick Rowden explains why their stand is historic and right.
30-Mar-2017 La Via CampesinaA workshop is being convened in early April to build collective capacities on trade agreements in general and RCEP in particular. The workshop will be held in Bangalore, a city in South India
29-Mar-2017 Business MirrorMining firms should not resort to international arbitration in forcing the Department of Environment and Natural Resources to revoke its decision to suspend 28 mines and cancel 75 mineral-production sharing agreements.
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