The European Union is pushing for free trade agreements in the Asia-Pacific region. The EU is aggressively moving forward on free trade talks in the region, and the National Pork Producers Council is urging the United States to do the same.
U.S. to Send Representative to Post-TPP Summit
The United States will send a representative to a trade summit later this month on the Trans-Pacific Partnership trade agreement. The agreement is thought to be dead following President Donald Trump’s removal of the U.S. from the deal.
Administration Expected to Notify Congress on Redoing NAFTA
Now that Wilbur Ross is officially confirmed as Secretary of Commerce, the Trump administration may soon turn its attention to the North American Free Trade Agreement.
India Reconsidering Wheat Import Tax
Two sources in the Indian government told Reuters this week that India could impose a 25-percent wheat import tax by the middle of March. That move would reinstate the tariff after a three-month gap as a response to recent large purchases from overseas.
Mexico Won’t Negotiate New Tariffs in NAFTA
Mexico issued a warning to the United States over the weekend, saying if any North American Free Trade Agreement renegotiations include new tariffs, the nation’s trade leaders would “get up from the table.”
Poll Shows Free Trade Support is Growing
A new poll by the Wall Street Journal shows an increase in free trade support in the United States. The growing support comes despite anti-trade sentiments by President Donald Trump and his removal of the U.S. from the Trans-Pacific Partnership, along with intent to renegotiate the North American Free Trade Agreement.
$1 Trillion Free-Trade Agreement Now In Force
Despite strong anti-trade comments from President Trump, a $1 trillion free trade agreement went into effect on Wednesday of this week, called the Trade Facilitation Agreement. A CNN Money report says the agreement is designed to cut through red tape and help solve problems like border delays and transportation bottlenecks. The World Trade Organization says it will cut a day …
Canada, Mexico Want All NAFTA Partners at Renegotiation Table
Senior officials from Canada and Mexico say renegotiations of the North American Free Trade Agreement (NAFTA) will happen with all nations at the table. The trade agreement between the U.S., Canada and Mexico is being targeted by President Donald Trump for “tweaking.”
Costco – Korea Expansion for U.S. Beef
U.S. beef is rapidly building momentum in South Korea, and now receives a further boost as Costco has officially begun converting its imported chilled beef selection from Australian beef to 100 percent U.S. product. Joe Schuele has the story.
Mexico Looking at Argentina, Brazil, for Yellow Corn
Mexico is turning its attention to South America, given uncertainty over U.S. President Donald Trump’s trade policies. Mexico’s agriculture minister last week announced he would lead a business delegation to Argentina and Brazil to explore buying yellow corn from the two nations.