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Export-Import Bank Annual Competitiveness Report

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Tai: U.S. to watch ‘with interest’ EU probe into Chinese procurement practices

The U.S. will be watching “with interest” the European Union’s newly launched investigation into Chinese procurement practices for medical devices, U.S. Trade Representative Katherine Tai said on Wednesday, calling the bloc’s new procurement instrument a tool that has the potential to help tackle “unfair” Chinese policies. The European Commission earlier on Wednesday announced the first investigation under its International Procurement Instrument, which was established in 2022. Brussels said the probe will assess “measures and practices in the Chinese procurement market...

Dombrovskis: Post-TTC, EU officials ‘slightly more optimistic’ about IRA

COLLEGE PARK, MD: Senior officials from the European Union on Monday left the third ministerial meeting of the U.S.-EU Trade and Technology Council with a somewhat brighter view on the likelihood that the two sides could resolve the bloc’s concerns about the U.S.’ Inflation Reduction Act, according to European Trade Commissioner Valdis Dombrovskis. “We are leaving this meeting slightly more optimistic than we were entering this meeting,” Dombrovskis, who co-chairs the TTC, said during a press conference at the University...

U.S., EU to launch green trade effort, discuss non-market practices at third TTC meeting

The U.S. and the European Union on Monday will announce the launch of a trans-Atlantic initiative on sustainable trade during the third ministerial meeting of the U.S.-EU Trade and Technology Council, according to the National Security Council, which says the two sides also plan to discuss challenges posed by China’s non-market practices. The trans-Atlantic sustainable trade initiative – an effort proposed by the EU – will be among numerous concrete deliverables announced during the meeting, set to take place at...

Inflation Reduction Act, export controls sow concern in Korea about U.S. reliability

Controversial domestic incentives in the Inflation Reduction Act and the Biden administration’s unilateral export controls on advanced semiconductors and semiconductor manufacturing equipment have led South Korean officials to question whether the U.S. is a reliable partner, a Commerce Department adviser said on Tuesday. Elizabeth Economy, a senior fellow at Stanford University’s Hoover Institution and the Council on Foreign Relations who also advises the Commerce Department, said that during a recent trip to South Korea her counterparts expressed dismay over the...

Eyes on Asia: Uruguay to formally try for CPTPP; Taiwan says it’s still on track

Uruguay will apply for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Dec. 1, President Luis Lacalle Pou said last week. Lacalle Pou announced the request for accession to the CPTPP during a meeting with parliamentary representatives as part of his plan for a more “open-minded agenda,” Bloomberg reported. The United Kingdom, Taiwan, Ecuador and China also have applied to join CPTPP. The UK’s bid, entered first, is the most advanced. Uruguay has expressed interest in CPTPP...

Tai, citing APEC, IPEF and WTO reform progress, is ‘bullish’ on 2023

U.S. Trade Representative Katherine Tai is “bullish” on the trade prospects for next year, she said on Thursday, citing the U.S.’ upcoming Asia-Pacific Economic Cooperation host year, momentum in the Indo-Pacific Economic Framework for Prosperity negotiations and reform efforts at the World Trade Organization. “I want to be clear on how bullish I am on 2023: We’re hosting APEC, we’ve got momentum going on [IPEF], we are reforming the WTO,” she said at a press conference in Bangkok at the...

Australia sets dates, location for first in-person IPEF round

Australia will host the first round of in-person Indo-Pacific Economic Framework for Prosperity negotiations in Brisbane beginning on Dec. 10, the Commerce Department and the Office of the U.S. Trade Representative said on Monday. Citing an announcement from Australia, Commerce and USTR said the Brisbane talks would be held Dec. 10-15. Inside U.S. Trade reported in late October that the first round would be held in Australia next month, but neither the date nor the location was released then...

IPEF launch sparks warnings over workers’ rights, corporate advantages

Civil society groups from around the world are reacting to the announcement of Indo-Pacific Economic Framework negotiations by warning leaders of the 13 countries involved that talks must be conducted transparently -- and any deal must advance workers’ interests. A host of groups in the proposed IPEF countries on Monday released a joint statement calling on the countries’ leaders to “advance a genuine alternative to the failed 20th century free trade model,” previewing possible opposition to their membership as the...

Japan-Korea spat roils supply chains, prompting questions about U.S.' role

While an escalating trade fight between Japan and South Korea is already affecting U.S. supply chains, the Trump administration has yet to show definitively whether it plans to intervene -- though industry officials and analysts say they would like to see the U.S. do so. The U.S. has historically and economically strong relationships with both countries, including a recently renegotiated trade deal with South Korea and trade talks that could produce a limited deal with Japan in short order. President...

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