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In the News: WTO Reform, Japan Talks, Colombia Tariffs, Counterfeit Goods

Wednesday, October 10, 2018
Sandler, Travis & Rosenberg Trade Report

U.S. says it cannot support some of EU's ideas for WTO reform

“U.S. Ambassador Dennis Shea told a packed audience at the WTO that the United States could not accept EU ideas for reforming the WTO’s Appellate Body, effectively the supreme court of world trade, by giving the judges longer, single terms and giving the secretariat more funding.”

[Reuters]

U.S. pressures Japan to cede more ground ahead of trade talks

“U.S. Agriculture Secretary Sonny Perdue told reporters that Washington expected a deal on agriculture that was equal to -- or better than -- the one Japan gave the European Union, because the U.S. is a better ally to Japan, Kyodo News reported. … But Japanese Trade Minister Hiroshige Seko told reporters on Friday that to his understanding, ‘what the Japan and the U.S. are going to discuss is not a comprehensive FTA.’”

[Bloomberg]

WTO approves Colombia’s revised tariffs on footwear and apparel

“A World Trade Organization (WTO) panel on Friday rejected Panama’s claim for $210 million annual sanctions on Colombia for non-compliance with a previous ruling against tariffs on clothing, textile and footwear imposed by Bogota to target alleged ‘money laundering.’”

[Reuters]

Proposed best practices for tackling counterfeit goods in maritime supply chains

“The new recommended best practices paper builds on a previous document on Know Your Customer (KYC), which was launched last March.  This new document expands to cover due diligence recommendations for existing customers, as well as further voluntary measure for both brands and maritime operators to improve the integrity of their relationships throughout the maritime supply chain.”

[International Chamber of Commerce]

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