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In the News: Trade Offer, EU Retaliation, TPP Expansion, Import/Export Portal

Tuesday, July 24, 2018
Sandler, Travis & Rosenberg Trade Report

U.S. courts allies with free trade offers at G20, France resists

“‘If Europe believes in free trade, we’re ready to sign a free trade agreement,’ [U.S. Treasury Secretary Steve] Mnuchin said, adding that such a deal would require the elimination of tariffs, non-tariff barriers and subsidies. ‘It has to be all three issues.’ … French Finance Minister Bruno Le Maire said the European Union would not consider launching trade talks with the United States unless Trump first withdraws the steel and aluminum tariffs and stands down on a car tariff threat.”

[Reuters]

EU readies new trade retaliation list before Trump visit

“One EU diplomat familiar with Wednesday’s talks said the Commission gave no examples of U.S. products that might be hit, but said they could in theory total 9 billion euros, although it could also go for a larger list of products with lower tariffs.”

[Reuters]

TPP countries to start accession talks for new members in 2019

“Thailand, Indonesia, Colombia, South Korea and Taiwan are seen as willing to join the revised TPP signed in March, formally known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Faced with growing concerns about the rise of protectionism and fears of a trade war, the TPP countries have been seeking solidarity in creating a wider free trade zone in the Asia-Pacific, despite the abrupt U.S. pullout from the framework.”

[The Mainichi]

U.S. talks IPR, other trade issues with New Zealand

“During the meetings, the United States and New Zealand agreed to a program of expanded cooperation on issues of shared interest, including working together to address trade barriers in third-country markets and exchanging information about unfair trade practices.”

[Office of the U.S. Trade Representative]

Sri Lanka launches online platform to provide all import, export information

Through the Sri Lanka Trade Information Portal “traders will be able to get information about all the regulatory requirements they need to fulfill in order to carry out their transactions. … The website contains trade information relating to commodities and tariff, products, legal documents, measures, standards, procedures, and forms.”

[Lanka Business Online]

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