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US to escalate claim that Mexico corn policy violates trade pact
The United States is preparing to escalate its complaint that Mexico’s ban on genetically modified corn violates the neighbours’ free-trade deal, Bloomberg News said.
Colombian president wants to amend free trade accord with US
President Gustavo Petro announced that he wants to renegotiate a free trade accord that Colombia has with the United States, the main destination for its exports.
How a dispute over whaling could spur Japan’s exit from US Indo-Pacific trade pact: ‘Kishida has zero leeway’
Washington is pressuring Tokyo to accept a passage that’s critical of whaling in the charter for the new Indo-Pacific Economic Framework trade deal.
Sri Lanka serious on laws to honour deals after diplomatic hiccups with India, Japan, US
Sri Lanka is seriously moving with a new laws which will prevent any of its future governments from backtracking bilateral and multilateral deals signed without the consent of the relevant parties involved
Mexico set to offer Vulcan $390 million to buy land to settle spat
Mexico plans to offer $390 million to US construction company Vulcan Materials for land it holds in the southeast of the country, President Andres Manuel Lopez Obrador said.
Confidential document reveals SA fears that AGOA trade pact status is under threat
In a confidential discussion note seen by Daily Maverick, South Africa admits its status as a beneficiary of the African Growth and Opportunity Act is under threat.
Raimondo: Three IPEF pillars by November
US Commerce Secretary Gina Raimondo said she is looking to finalize the three pillars of the Indo-Pacific Economic Framework under her charge by November.
Mexico hit by trade arbitration proceedings from Canadian, US firms
Mexico has been hit with three sets of trade arbitration proceedings in the past few days, according to the International Centre for Settlement of Investment Disputes.
Biden should use the Americas Partnership for Economic Prosperity to free the hemisphere from ISDS
One of the most controversial aspects of the hyperglobalization era, investor-state dispute settlement elevates multinational corporations and foreign investors to equal status with national governments.
Honduras threatens ICSID withdrawal over $11 billion ‘neo-colonial’ special economic zone claim
Honduras is threatening to withdraw from the World Bank’s International Centre for Settlement of Investment Disputes over an $11 billion claim by Honduras Prospera, a US company.
Katherine Tai to visit Kenya for US – EAC trade talks
The United States Trade Representative, Katherine Tai, is set to travel to Nairobi from July 17 – 19. She will co-lead a meeting of the U.S. – East African Community (EAC) Trade and Investment Framework Agreement (TIFA Council).
Korea files appeal against ruling to compensate Elliott
Korea has filed a suit asking a court in Britain to cancel an order by an international tribunal to pay nearly $108 million (136 billion won) to U.S.-based hedge fund Elliott Investment Management.
Europe and the ‘new Washington consensus’
US National Security Advisor promoted a ‘new Washington consensus’ in a speech, which fits very well in the current debate in Brussels on economic and trade policy.
New round of US-led IPEF talks kicks off in Korea
A new round of official negotiations for the U.S.-led Indo-Pacific Economic Framework (IPEF) has begun in Korea’s southeastern port city of Busan.
Tech giants play too big a role in US Indo-Pacific trade talks, critics say
Technology giants are drawing protests as they aggressively try to shape a new US trade deal with Australia, South Korea and other members of the Indo-Pacific region that account for 40% of global economic output.
Civil society calls for release of IPEF pillar 2 agreement and current texts
Civil society organizations, legislative bodies, and the people of potential IPEF countries must immediately be given ongoing access to the negotiating texts to enable them to help formulate positions and comment on draft proposals throughout the course of the remaining negotiations.
Indonesia tries to find balance between US-China with IPEF
Indonesia might be trying to strike a balance with both the rivaling US and China by joining the Washington-led Indo-Pacific Economic Framework for Prosperity (IPEF), according to research institution ISEAS-Yusof Ishak Institute.
Decoding the IPEF
IPEF is designed by the US for its own prosperity, with developing countries unlikely to gain anything significant from it. Even if the IPEF does not eventually include dispute settlement provisions, and despite some of the provisions appearing to be only statements of intent and more in the nature of cooperation
Trade: US trade policies a new form of “colonialism”?
The US policies in global trade appear somewhat like “old wine in new bottles,” with some semantic sophistry. It appears that “the more things change the more they remain the same” as regards the new forms of colonialism.
US House approves Taiwan trade deal, demands future oversight
The US House of Representatives voted to approve the first agreement signed under the US-Taiwan Initiative on 21st Century Trade and to require congressional consultation for future negotiations.