BEIJING/WASHINGTON, Feb 27 (Reuters) – China is weighing a
far-reaching counterterrorism law that would require technology
firms to hand over encryption keys and install security
“backdoors”, a potential escalation of what some firms view as
the increasingly onerous terms of doing business in the world’s
second largest economy.
A parliamentary body read a second draft of the country’s
first anti-terrorism law this week and is expected to adopt the
legislation in the coming weeks or months.
WASHINGTON, Feb 25 (Reuters) – U.S. lawmakers are drafting
battle plans to punish foreign rivals accused of currency
manipulation but a growing chorus of critics argue the battle is
already won and warn the push may derail a massive trade pact.
A bipartisan bill introduced this month and proposals from
other lawmakers seek to stop trading partners such as China and
Japan from manipulating exchange rates to make their goods
cheaper for overseas buyers.
WASHINGTON (Reuters) – U.S. senators said on Wednesday they are working on a bipartisan plan to keep the U.S. Export-Import Bank open but the treatment of coal-fired power projects is holding up a final deal.
Republican Mark Kirk and Democrat Joe Manchin said they wanted to craft a compromise to satisfy both Democrats who support the bank and Republicans who want changes.
JAKARTA/WASHINGTON (Reuters) – The United States is pressing Indonesia to relax local-content rules it believes will handicap efforts of tech firms such as Apple to expand into one of the world’s last big markets where demand for high-end smartphone has yet to really take off.
The regulation, which would come into force on Jan. 1, 2017, requires companies that sell smartphones and tablets in the fast-growing economy of 250 million people to produce 40 percent of their content locally.
MEXICO CITY/WASHINGTON (Reuters) – Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions.
A treaty between the two nations and auto manufacturers, which sets quotas on how many light vehicles Mexico and Brazil can sell each other, expires in March.
WASHINGTON, Feb 12 (Reuters) – Brazilian Trade Minister
Armando Monteiro said on Thursday he does not see much chance of
agreeing on a tax treaty with the United States in the short
In an interview during a visit to Washington, his first
overseas trip as minister, Monteiro said double taxation, which
was discussed during a meeting with U.S. Trade Representative
Michael Froman, was a complicated issue.
WASHINGTON (Reuters) – Doctors and health professionals from both sides of the Pacific on Thursday said they worry that a major regional trade pact could result in higher medical costs and urged a full assessment of the pact’s impact on healthcare.
In a letter to be published in The Lancet medical journal, academics and medical associations from seven of the 12 countries negotiating the Trans-Pacific Partnership voiced their concerns over the deal, which seeks to cut tariffs and set common standards on intellectual property.
WASHINGTON, Feb 10 (Reuters) – U.S. lawmakers on Tuesday
vowed to keep pushing for rules against currency cheating in
trade deals as they unveiled bipartisan legislation to stop
America’s trading partners from manipulating exchange rates.
The bill comes on top of efforts to include rules against
deliberate weakening of currencies in a Pacific trade agreement
and in upcoming legislation to fast track trade deals through
WASHINGTON, Feb 5 (Reuters) – A widening in the U.S. trade
deficit coupled with a strong dollar has lent fresh impetus to
calls for the United States to tackle currency cheats, although
data show a mixed impact.
The greenback rose nearly 13 percent against a basket of
major currencies in 2014, the most since 1997, while data
released on Thursday showed the goods trade deficit for the year
widened 5 percent to top $730 billion.