The United States has floated excluding tobacco products from a key section of a 12-nation Pacific trade deal and signaled it may present a formal proposal to trading partners at talks in Australia, sources briefed on the negotiations said. Dropping tobacco from the investor-state dispute settlement, or ISDS, section of the Trans-Pacific Partnership would prevent tobacco companies taking action against any TPP government under those legal protections, for example over health care measures. Marlboro maker Philip Morris International is challenging Australia's plain packaging laws, which ban branded cigarette packs, under the country's investment treaty with Hong Kong, arguing that the laws breach intellectual property rights. One source, who has knowledge of the negotiations but asked not to be named because of the sensitivity of the discussions, said the United States had floated the idea of a carve-out for tobacco under ISDS among senior TPP officials. No language had yet been … [Read more...] about U.S. floats cutting tobacco from part of Pacific trade pact: sources
U s exports to mexico
The World Trade Organization gave the U.S., Canada and Mexico an extra two months to decide whether to appeal a November ruling that found American country-of-origin labeling provisions unfairly hurt agricultural commerce. The three governments now have until March 23 to challenge judges’ finding that U.S. requirements for food processors to identify the nations from which cattle, hogs and some fresh produce originate break global trade rules, the WTO said in a statement in Geneva today. Canada and Mexico had argued that the provisions impose unfair costs on their exports, reducing their competitiveness. They lodged their complaints in December 2008, disputing provisions of the U.S. Food, Conservation and Energy Act that impose mandatory country-of-origin labeling for beef, pork, chicken, lamb and goat as well as some perishables sold by American retailers. The requests to extend the deadline, initially set for Jan. 18, were made in light of the WTO Appellate Body’s current … [Read more...] about Trade- U.S., Canada, Mexico Get More Time to Appeal WTO Labeling Ruling
U.S. Export Import Bank (Ex-Im Bank) chairman Fred Hochberg will visit Vietnam on February 5 - 8 with a delegation of senior Ex-Im Bank officials, said the U.S. Consulate General in Ho Chi Minh City. "The purpose of his visit is to meet with international and local business and government partners to introduce new Ex-Im financing programs and identify opportunities for Ex-Im to finance high-quality U.S. products and services in Vietnam," the Consulate General said in a press advisory. Mr. Hochberg is one of the highest ranking business executives in the Obama Administration, according to the U.S. Department of State. According to the press advisory, Mr. Hochberg, while in Vietnam, will promote his bank's recently established US$1 billion financing facility for clean energy development in the country and share information with his Vietnamese counterparts about the bank's upcoming annual conference in April in Washington, D.C. After one day of meetings in Ho Chi Minh City, he … [Read more...] about U.S. Export Import Bank chairman to visit Vietnam Feb. 5 – 8
Vietnam is currently among the leading exporters to the lucrative American market with its main export earners being textiles, seafood, footwear and woodwork, the Vietnamese Ministry of Trade said March 21. Based on export figures in January this year, Vietnam is the 33rd largest exporter of the U.S., according to the ministry. In January, Vietnam's exports to the U.S. reached 537 million USD, up 42.1 per cent over last year's same period, the ministry said. … [Read more...] about Vietnam one of the largest exporters to U.S.
Vietnam shrimp imports to the U.S. continued to increase despite the U.S. Department of Commerce's (DOC) preliminary ruling to slap anti-dumping tariffs on shrimp, Vietnamese shrimpers recently announced. On July 6, the DOC said that Vietnam sold shrimp at below market prices in the U.S. and that Vietnamese shrimp exporters would pay import taxes ranging from 12.11 per cent to 93.13 per cent. … [Read more...] about Shrimp imports to U.S. jump despite facing anti-dumping taxes