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NEW PUBLICATION: REGIONAL RULES IN THE GLOBAL TRADING SYSTEM
The proliferation of regional trade agreements (RTAs) over the past two decades has led to the relationships between regional and WTO rules or disciplines becoming increasingly complex.
Seoul Says European Trade Deal Is Near
South Korea announced on Monday that it had concluded negotiations on a free trade agreement with the European Union that it hoped would encourage United States lawmakers to ratify a free trade deal with the country. New York Times, July 14, 2009
Taiwan, China aim to sign FTA-like deal in 2010
TAIPEI- Taiwan and China could sign a free-trade style agreement later than expected, a top Taiwanese official for cross-strait affairs said. Reuters, July 13, 2009
G-8 Delays Making Big Decisions
The Group of Eight leading industrial democracies pushed many priorities of their summit here off to larger groups of countries, placing the next moves in trade negotiations, climate-change talks and containing Iran's nuclear program in front of the so-called G-20 and the United Nations in September. Wall Street Journal, July 13, 2009
"CalChamber Companies in the News" is a regular feature in the CalChamber's Trade Update newsletter, highlighting the international activities of member companies who have been featured in the news.
The “Trade Reform, Accountability, Development, and Employment (TRADE) Act” (H.R. 3012 - Congressman Mike Michaud D-ME), which would generate additional bureaucratic reporting requirements relating to international trade agreements on top of those that already exist, was introduced in the House on June 24, 2009. This legislation would place new roadblocks to future trade agreements intended to lower foreign taxes on U.S. exports and require the renegotiation of existing trade agreements. Senator Sherrod Brown (D-OH) is expected to introduce companion legislation in the Senate in July. The TRADE Act: A Blow Against the Economy and Workers U.S.Chamber Article
International Tax Proposal The proposal would raise taxes on U.S. companies doing business overseas. The limitation or repeal of deferral, as proposed by the Obama administration, would impose a unilateral tax on the foreign earnings of American companies, upsetting the competitive balance between U.S. and foreign companies. This will result in a loss of jobs for Americans and serious negative impacts on the U.S. economy. Oppose.
California Coalition For Free Trade The CalChamber Council for International Trade (CIT) is urging members of the business community to join (click here to download membership form) its coalition working to secure congressional approval of the free trade agreements (FTAs) with Colombia, Panama and South Korea. Companies .or associations that join the California Coalition for Free Trade will be included on the rapidly growing list of FTA supporters. There is no cost to join the coalition, which will keep members apprised of its activities and how to be supportive of the FTAs. For more information on the FTAs or to join the coalition, visit www.calchamber.com/international
Action Needed: Oppose New Taxes Contact your legislators and urge them to oppose new taxes. Remind them that California’s long-term fiscal health depends on a recovering economy.
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