Topic Category: Trade & Finance

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
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As debate over the Trans Pacific Partnership (TPP) is heating up, the White House, and some commentators, have weighed in with an argument for this trade pact that has nothing to do with economics: We need the TPP, they say, because without it, China will impose its own trade rules on the region, and those rules will undermine American trade values.

Topic: Trade & Finance
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The upcoming congressional debate over Trade Promotion Authority gives our elected officials in Washington the chance to create new opportunities and open new markets for American small businesses around the world. I, along with millions of other small-business owners, hope they succeed and pass this critical legislation.

Topic: Trade & Finance
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The African Growth and Opportunity Act (AGOA) was passed by Congress in 2000. It was intended to boost the global competitiveness of sub-Saharan African nations by giving them duty-free access to the U.S. market for all goods covered under the Generalized System of Preferences, plus an additional 4,000 items. Fifteen years later, however, we haven’t seen huge imports from any of the AGOA countries. Why is that?

Topic: Trade & Finance
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The Panama Canal expansion project, which was initially scheduled to be completed in 2014, 100 years after its first opening, has been delayed for a number of reasons. Nevertheless, on December 31 last year the Panama Canal Authority said its new locks are expected to be tested at the end of 2015 and be ready for commercial transit in early 2016. Are American ports ready?

Topic: Trade & Finance
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The imagined rewards that come with timing markets often tempt otherwise risk-adverse individuals with the prospect of easy money. The same psychology that lures humans toward gambling comes into play when making both personal and professional financial decisions. As tempting as timing the market might be, is it truly the right course for you or your business?

Topic: Trade & Finance
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Let’s face it, companies competing in global markets often depend on their governments for export-related financing and support. With every nation trying to win jobs and promote exports for companies in their own countries, the Export-Import Bank of the United States does the same: it provides the financial scaffolding to support American business interests worldwide.

Topic: Trade & Finance
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The specter of currency wars rises like a phoenix once again. This time around, most of the warriors reside in Washington, D.C. The strong dollar has inflamed the currency warriors led by Democratic Senator Chuck Schumer from New York and Lindsey Graham, a Republican Senator from South Carolina. These mercantilists argue that “cheap” foreign currencies give the U.S.’s trading partners an “unfair” advantage, something worth doing battle over.

Topic: Trade & Finance
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President Obama’s Dec. 17, 2014, announcement that the United States will re-establish diplomatic relations with Cuba after more than 50 years is a paradigm shift that offers some immediate opportunities for the trade community. However, the more meaningful step of removing the longstanding U.S. economic embargo against Cuba will have to be taken by Congress.

Topic: Trade & Finance
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U.S. Trade Representative Michael Froman is bullish on the trade agenda. But his estimate of completing the Trans-Pacific Partnership (TPP) negotiations in March discounts the possibility that Congress will issue tough demands in its Trade Promotion Authority (TPA) legislation. A congressional mandate to include enforceable “currency manipulation” provisions in trade agreements, for example, would push completion of the TPP into the next administration or kill it altogether.

Topic: Trade & Finance
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