Trade Correspondent, Washington DC, USA
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Nov 5, 2015

Unions, lawmakers promise closer scrutiny of Pacific trade pact

WASHINGTON/SYDNEY (Reuters) – U.S. unions, lawmakers and
interest groups questioned the long-awaited text of a landmark
U.S.-backed Pacific trade deal on Thursday, setting up a
potentially long and difficult path to ratification by the
United States, the biggest of the 12 partners.

Arguments over the Trans-Pacific Partnership agreement,
aimed at freeing up commerce in 40 percent of the world’s
economy, are set to focus on transparency and how the pact
affects workers and businesses.

Nov 5, 2015

Pacific trading partners release trade pact details

WASHINGTON/SYDNEY (Reuters) – The long-awaited text of a landmark U.S.-backed Pacific trade deal was released on Thursday, revealing the details of a pact aimed at freeing up commerce in 40 percent of the world’s economy but criticized for its opacity.

If ratified, the Trans-Pacific Partnership (TPP) will be a legacy-defining achievement for U.S. President Barack Obama and his administration’s pivot to Asia, aimed at countering China’s rising economic and political influence.

Nov 4, 2015

Pacific trade pact details could be released this week: source

WASHINGTON (Reuters) – Pacific trading partners are working toward releasing details of a sweeping free trade pact, designed to free up exports of goods ranging from medicines to milk, as early as the end of this week, a person familiar with the text said on Wednesday.

Officials were working on the final aspects of the Trans-Pacific Partnership (TPP) text, the person said, after negotiators reached a deal on Nov. 5 in Atlanta.

Oct 29, 2015

U.S. wary of EU proposal for investment court in trade pact

WASHINGTON/BRUSSELS, Oct 29 (Reuters) – The United States is
wary of a European Union proposal for a new court system to
settle investment disputes as part of the world’s biggest
free-trade agreement, U.S. Trade Representative Michael Froman

A Pacific trade deal agreed earlier this month amended rules
allowing foreign companies to take legal action against
governments to add more safeguards, he said, and Washington was
open to discussing other reforms as part of a proposed trade
deal with the EU.

Oct 28, 2015

Exclusive: U.S. trade czar says Britain would lose on trade outside the EU

WASHINGTON/BRUSSELS (Reuters) – The United States is not keen on pursuing a separate free trade deal with Britain if it leaves the European Union, U.S. Trade Representative Michael Froman said on Wednesday, the first public comments from a senior U.S. official on the matter.

British voters are due to decide before the end of 2017 whether their country should remain in the EU, and opinion polls show rising support for leaving the bloc.

Oct 26, 2015

IMF set for green light on China’s yuan joining currency basket-sources

BRUSSELS/WASHINGTON, Oct 25 (Reuters) – International
Monetary Fund staff are set to give the all-clear for China’s
yuan to be included in the lender’s benchmark currency basket,
laying the groundwork for a favorable decision by policymakers,
people familiar with the discussions said on Sunday.

The IMF’s executive board is scheduled to decide in November
on putting the yuan on a par with the dollar, yen, euro and
pound sterling and a key factor will be its performance against
a checklist of technical criteria, as assessed by IMF staff.

Oct 23, 2015

U.S. House to start voting Monday on revival of shuttered trade bank

WASHINGTON (Reuters) – U.S. lawmakers will begin voting on
Monday on legislation to revive the shuttered Export-Import
Bank, a spokeswoman for a leading Republican backer of the bank
said on Friday.

A so-called “discharge petition,” a procedural maneuver that
has been successful only a handful of times in the past century,
to renew the trade bank’s charter matures on Monday.

Oct 23, 2015

U.S., Europe step up efforts on trade deal with new offers

WASHINGTON/BRUSSELS (Reuters) – The United States and the European Union promised to cut tariffs on almost all types of imported goods in a bid to wrap up a free trade pact by the end of 2016, negotiators for the two parties said on Friday.

Although the main benefits of the Transatlantic Trade and Investment Partnership (TTIP) are seen in agreeing on regulation and common standards to cut business costs, the new market access offers mark an important step forward for the two-year-old talks, which have been languishing.

Oct 20, 2015

U.S. trade officials find Mexican sugar hurts domestic growers

WASHINGTON/NEW YORK (Reuters) – U.S. trade officials on Tuesday found imports of sugar from Mexico injure local cane and beet growers, confirming a deal between the two countries that sets prices and a quota for imports and putting an end to an 18-month trade war.

The U.S. International Trade Commission (ITC) voted unanimously “affirmative” in the final stage of a dispute, a decision that was broadly expected and likely to be seen as a win for the powerful U.S. sugar lobby.

Oct 19, 2015

U.S. warns of fallout over S. Africa chicken trade impasse

WASHINGTON, Oct 19 (Reuters) – The United States vowed on
Monday to press ahead with a review that could cut South
Africa’s access to trade benefits after the country missed a key
deadline for resuming U.S. poultry imports.

South Africa has banned U.S. poultry imports since last
December after an outbreak of bird flu. The measure came on top
of 15 years of punitive import duties on some U.S. chicken

    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
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