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In the News: Tariff Impact, EU-China Talks, RCEP Negotiations, Turkey-EFTA Deal

Tuesday, June 26, 2018
Sandler, Travis & Rosenberg Trade Report

Tariffs exacerbate long-running U.S. ag export woes

“As for US companies that may be impacted by tariffs on agriculture imports, [Sandler, Travis & Rosenberg’s Lenny] Feldman said there are ways to structure those transactions to lower the duty rate. One way is by processing the raw good so that it qualifies for a reduced tariff. Importers of apparel and footwear are among those that have employed these kinds of tariff engineering strategies for years to arrive at the lowest ‘legally permissible’ duty rates, he explained.”

[Journal of Commerce]

EU and China discuss economic and trade relations 

“Topics included global economic governance, support for the multilateral trading system, trade and investment questions - notably negotiations on an investment agreement and on geographical indications – as well as the digital economy, climate and environmental cooperation, and connectivity. The dialogue was timely to prepare the upcoming EU-China summit that will take place in the Chinese capital.”

[European Commission]

RCEP negotiations to start in Tokyo

“Officials are expected to discuss 16 categories including tariff reductions as well as rules on intellectual property, and e-commerce. Japan and Australia want higher levels of tariff reductions and liberalization of intellectual property protection, while China and India remain cautious.”

[NHK]

Turkey, EFTA expand free trade agreement

“The first FTA, which covers trade in industrial products, fish and marine products, and processed agricultural products between Turkey and EFTA countries, was signed in 1991, according to the EFTA's website. [Turkish Economy Minister Nihat] Zeybekci said that the revised FTA would also cover trade in services and electronics and intellectual property.”

[Anadolu Agency]

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