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In the News: NAFTA, India Trade Policy, Anti-Corruption Efforts, Ukraine-Israel FTA

Friday, March 30, 2018
Sandler, Travis & Rosenberg Trade Report

NAFTA talks still not close to a deal, Canada's chief negotiator says

“Optimism bloomed last week when U.S. negotiators dropped their contentious demand that all vehicles made in Canada and Mexico bound for the U.S. market contain at least 50 per cent American-made components. Lead Canadian negotiator Steve Verheul said that while that compromise was a positive signal, there are still outstanding issues that need to be resolved.”

[CBC]

India beckons big tech firms, allows imports of used goods for repair

“The South Asian nation’s new policy on import of used goods could help smartphone makers such as Apple to cut cost as they battle rising manufacturing and labor costs in China, where a bulk of its pricey iPhones are made.”

[Reuters]

U.S., foreign law enforcement agencies target corporate corruption

“For multinational companies, the escalating international drive to clamp down on corruption carries great risk. Not only can they face criminal charges for the same misconduct in multiple jurisdictions but they also have to pony up hefty penalties. The fines, which often run in the hundreds of millions of dollars, have fueled criticism that FCPA enforcement has become a cash cow system that lets companies off the hook in exchange for paying penalties.”

[Voice of America]

Ukraine and Israel complete free trade talks

“The agreement is expected to increase bilateral trade by about 15 percent within five years, so that total trade will exceed $1 billion.”

[Kyiv Post]

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