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In the News: Japan FTA, China Trade Zones, Brexit

Wednesday, December 12, 2018
Sandler, Travis & Rosenberg Trade Report

Autos, labor groups urge strong currency rules in U.S.-Japan trade talks

“At a hearing on U.S. negotiating objectives for trade talks expected to start early next year, the United Auto Workers union called on the Trump administration to demand strict quotas to be imposed on Japanese vehicles and parts, based on increased access to Japan’s auto market.”

[Reuters]

China revamps free trade zones as U.S. feud persists

“The free trade zones originally were envisioned as an ‘icebreaker for further opening up,’ Premier Li Keqiang said in 2015. They first opened on the outskirts of Shanghai in 2013 as an area to experiment with deregulation in fields such as finance and services. The program spread to other cities like Tianjin and Chongqing. Companies, including foreign ones, in the zones can enter any business sector not marked as off-limits. The Shanghai zone has simplified procedures for customs and quarantine, for instance.”

[Nikkei Asian Review]

UK government delays Parliament's vote on Brexit

“May claimed that while there was broad support for her deal, the issue of the Northern Irish backstop remained a concern and she would return to European counterparts to renegotiate the deal.”

[CNBC]

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