The importance of trade deals is evident given that the United States now exports more pork to the 20 countries with which it has FTAs than to all other nations combined. U.S. exports of pork have increased by 1,550 percent in value and nearly 1,300 percent in volume since 1989, the year the United States implemented the FTA with Canada and started opening international markets for value-added agriculture products. Pork exports add significantly to the bottom line of each U.S. pork producer, so opening new and expanding existing markets for U.S. pork exports through free trade agreements (FTAs) are vital to the continued success of the U.S. pork industry. Read more
The steel industry in the United States is facing a crisis with approximately 19,000 steel workers across the country facing layoffs, reduced hours and expiring unemployment benefits.
How Congress and our government responds to this crisis domestically and on the global stage are vitally important to ensuring national security, middle-class jobs and a domestic manufacturing industry. That is why the United Steelworkers (USW), the largest union in basic steel, wishes to express our union’s adamant opposition to the Trans-Pacific Partnership (TPP) and we urge the Steel Caucus and all its members to actively oppose the trade agreement. Read more
Senate Finance Committee Chairman Orrin Hatch said Wednesday that Congress will pass a sweeping Asia-Pacific trade agreement before the end of the year, according to a report in The Hill. Read more
After the April Monthly Government Meeting, Resolution 33/NQ-CP, May 9, 2016, para. 4 (see link below) explained Vietnam’s process of TPP ratification and implementation legislation, which could take up to two years from the Feb 4, 2016 signing date. There will be a proposal for an omnibus TPP implementation bill, ” … reported to the Government at the regular meeting in December 2016. The Prime Minister signs the Proposal before submitting to the President to consider and decide the submission of the Proposal to the National Assembly” for review, consideration, and ratification. Read more
For Texhong Textile Group, even as uncertainty looms over the free trade pact, the company is firmly committed to further expansion in its southern neighbor. Texhong, one of the world’s largest yarn suppliers, has been aggressively building up production capabilities in TPP signatory Vietnam. Founder and Chairman Hong Tianzhu has said one of the main intentions of investing there is to deal with the trade agreement. But even without the TPP, the competitiveness of the Vietnam operation “is very strong, among all Southeast Asian nations and even compared to Chinese production bases.” Read more
This Statement of Administrative Action (“Statement”) is submitted to the Congress in compliance with section 106 (a)(1)(E)(ii) of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (“Trade Priorities Act”) and accompanies the implementing bill for the free trade agreement that the United States has concluded with Read more
Vietnam’s export value for textiles and apparel was targeted to hit $20 billion by 2020, but exports already surpassed $27 billion in 2015 and are expected to reach $31 billion by the end of 2016. Between 2010 and 2015, growth in the garment sector has been up 15 percent per year. Read more
Senegal and Uruguay have ratified the WTO’s Trade Facilitation Agreement (TFA). The submission of the instruments of acceptance means that nearly 85% of the ratifications needed to bring the TFA into force have now been received.
The TFA will enter into force once two-thirds of the WTO membership has formally accepted the Agreement. With the acceptance by Senegal and Uruguay, the number of TFA ratifications now stands at 92 (56%). The TFA will enter into effect when 2/3 (110) of the 164 WTO members have ratified the agreement. Read more
“It is essential that the Obama administration work to reach country-specific plans identifying the changes that our trading partners must and will make to their laws, regulations, and practices in order to meet their key TPP obligations. These country-specific implementation commitments would provide a valuable tool for resolving shortcomings and ambiguities in the agreement, while helping to build confidence in the Congress that TPP will be implemented fully and faithfully by our trading partners. Put simply, these country-specific implementation commitments can be an essential component to developing the political support necessary for the Congress to pass TPP implementing legislation.” Read more