Topic Category: Trade & Finance

In the coming debate over the Trans-Pacific Partnership (TPP), one of the most controversial issues is likely to be Investor–State Dispute Settlement (ISDS), a legal mechanism in many trade agreements and investment treaties by which foreign investors can sue host governments in an international tribunal. For lawyers who specialize in these issues, the rhetoric about ISDS can be extremely frustrating.

Topic: Trade & Finance
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On October 5, 2015, after an intense few days of negotiations, government officials from the United States and 11 other Pacific region countries announced the conclusion of the Trans-Pacific Partnership (TPP), a trade deal involving countries making up almost 40 percent of the world’s gross domestic product. Specific details of the agreement are still lacking, but by any measure this deal will be one of the largest in history. However, the work is not done yet.

Topic: Trade & Finance
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The United States is currently engaged in a number of far-reaching trade talks. However these agreements end up, Americans at least can rest assured that their economic interests are well represented … at least by the foreign negotiators. To be sure, the U.S. negotiators in the Transatlantic Trade and Investment Partnership, the Trans-Pacific Partnership, and the Trade in Services Agreement want to open overseas markets for American companies.

Topic: Trade & Finance
Read More Comment (0) Hits: 3087

The surprise move by the People’s Bank of China (PBOC) to weaken the Chinese yuan by nearly two percent against the U.S. dollar on August 11th was met globally with shock. Red ink was flowing on Wall Street and on stock markets worldwide. The effects are sure to hit Main Street in the coming weeks and months. Why did the PBOC act now?

Topic: Trade & Finance
Read More Comment (1) Hits: 3522

It’s very disappointing that the Senate could not find the will to attach a reauthorization of the Export-Import Bank of the United States (“Exim”) to the only “must pass” piece of legislation in July. Now, Exim will not be in a position to help American companies with new projects until September or October at the earliest. And the longer we go without an Export Credit Agency, the bleaker the outlook.

Topic: Trade & Finance
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To Secure Trade Promotion Authority last month, President Obama and Republican congressional leadership had to pay off Washington’s protectionism lobby. Part of the payment was enactment of the American Trade Enforcement Effectiveness Act, which reduces the burden of proof on domestic industries seeking protection from import competition under the U.S. Antidumping and Countervailing Duty laws.

Topic: Trade & Finance
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After a bruising political battle, Congress has passed Trade Promotion Authority legislation, which sets out a framework for President Obama to negotiate trade agreements and have Congress vote yes or no on them, without any amendments. First up in the queue will almost certainly be the Trans-Pacific Partnership (TPP), a 12 nation trade pact that has been under negotiation for the past few years, and is almost complete.

Topic: Trade & Finance
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In the works are two new major free trade agreements: the Trans-Pacific Partnership involving the United States and 11 other Pacific-bordering nations, and the Transatlantic Trade and Investment Partnership with the U.S. and European Union. But the question that continues to be asked is this: Are these agreements good for the United States?

Topic: Trade & Finance
Read More Comment (2) Hits: 3511

For most U.S. business owners, it makes sense to put foreign invoicing and receivables in U.S. dollars. It’s simple and manageable. However, in today’s volatile foreign exchange market, this strategy may not be the ideal option for a number of reasons. As a result, the decision to invoice foreign customers in U.S. dollars should be reconsidered in light of recent trends.

Topic: Trade & Finance
Read More Comment (1) Hits: 3502

Senate Democrats demonstrated once again that Congress just can’t see the forest for the trees. They have proven exactly why President Obama did not want the Trans Pacific Partnership (TPP) agreement to be the focal point of a fight over Fast Track Authority. He was worried that a debate on Fast Track would devolve into a feeding frenzy over the TPP. He was right.

Topic: Trade & Finance
Read More Comment (0) Hits: 2498

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