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In the News: Auto Tariffs, Fake Goods Trade, Brazil-Mexico Deal, Cambodia

Tuesday, March 26, 2019
Sandler, Travis & Rosenberg Trade Report

Trump administration sued over secrecy on auto tariff report

“The department delivered the long-delayed report to the White House last month, but the administration is keeping it under wraps. President Trump must announce a decision on the report by mid-May.”

[Washington Examiner]

Trade in fake goods now 3.3% of world trade and rising

“The goods making up the biggest share of 2016 seizures in dollar terms were footwear, clothing, leather goods, electrical equipment, watches, medical equipment, perfumes, toys, jewellery and pharmaceuticals. Customs officials also noted an increase in counterfeits of goods less commonly seen in the past such as branded guitars and construction materials. The majority of fake goods picked up in customs checks originate in mainland China and Hong Kong. Other major points of origin include the United Arab Emirates, Turkey, Singapore, Thailand and India.”

[Organization for Economic Cooperation and Development]

Brazil, Mexico vehicle trade agreement takes effect

“The agreement enables free trade of light vehicles in the two countries, eliminating import and export tariffs in the sector. … Free trade for heavy vehicles (trucks and buses) and their parts could come in 2020, with bilateral negotiations on this front scheduled in the coming months.”

[Xinhua]

Cambodia seeks free trade agreement with Eurasian Economic Union

[Asia News Network]

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