Author Archive

New UNCTAD Report Confirms Credibility and Utility of ISDS

And Contradicts Many Critics’ Claims

A few hours ago, the United Nations Conference on Trade and Development (UNCTAD) released its annual review of the investor-state dispute settlement (ISDS) mechanism.  Some key highlights are important to note as they demonstrate the utility of the ISDS mechanism, while effectively contradicting many of the critics’ claims.  Consider these four highlights from the UNCTAD report: (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Major Manufacturing Industries Call for Quick Passage of TPA to Overcome the Status Quo Disadvantage

 Yesterday, the National Association of Manufacturers (NAM) was joined by 75 industries representing the broad range of manufacturing throughout the United States, to urge passage of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. As the letter explains:

“At a time when global growth is slowing, manufacturing industries and their employees need the advantages that trade agreements provide now more than ever to compete successfully abroad. The U.S. market is largely open to the world, with the lowest tariffs on manufactured goods of any G20 country. Yet, these same manufacturers face steep trade barriers abroad. Without TPA, manufacturers in the United States risk being locked out and left behind as other countries negotiate dozens of trade agreements that exclude the United States and our nation’s manufacturers.” (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


To Foster Economic Development in India, Concrete Action is Needed

Today, the Office of the United States Trade Representative released its annual Special 301 report which analyzes the state of intellectual property rights (IPR) among U.S. trading partners and also marks the first full review of India’s IPR regime since Prime Minister Modi took office. As in past reports, USTR once again placed India on the Priority Watch List due to ongoing concerns with the country’s lack of protections for innovators.

The report confirms that, despite ongoing dialogues and increasingly strong statements from Prime Minister Modi regarding his commitment to increasing protections for innovators in India, there has been no actual concrete action to improve IP protections. USTR expects ongoing dialogues to “bring about substantive and measurable improvements in India’s IPR regime for the benefit of a broad range of innovative and creative industries” and will “take further action, if necessary.”

As the NAM explained in its Special 301 comments filed in advance of the report, there are many areas where there has been dialogue, but no real improvement to India’s IPR policies including patent and data protection, compulsory licensing, and copyright piracy. This lack of progress and backward action in a number of areas from IPR to localization policies was also detailed just last week in the NAM’s pre pre-hearing statement filed with the U.S. International Trade Commission, which is conducting a second investigation into India’s trade and investment practices and their input on U.S. industries. These policy failures have a significant impact on businesses’ ability to innovate, create jobs, and grow the economy.

But businesses and industry leaders are not the only ones taking notice of India’s lack of progress in IPR and market-opening measures. India’s policies are impacting their global image as a country committed to innovation as reflected in India’s decline in various innovation and other measures. U.S. lawmakers are also taking note of the lack of concrete improvement in IPR in the country.

The NAM is committed to increasing commercial ties through a fair and more open trading relationship with India. To achieve that type of relationship – and for India to grow its economy and become the innovation leader it seeks to be – there must be more than talk and vague promises. It is time for India to take measures to bring its IPR regime up to global standards, to respect private property and innovation and seek to grow its economy through encouraging trade and investment.

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


ISDS is All About Fair Play and American Values

From soccer matches in Europe to Monday Night Football in the United States, referees are a critical component of competitive sports, acting as an impartial party that ensures rules are followed by members of both teams. For small and large manufacturers, Investor-State Dispute Settlement (ISDS) provisions fill this this critical role of referee, ensuring that basic rules of due process, non-discrimination, fair treatment and property protection. In short, ISDS ensures fair play in the global economy.

Manufacturers typically make the vast majority of their investments domestically. Yet, just as companies from Europe, Asia, Latin America and beyond invest in America to reach the American consumer, many U.S. manufacturers also need to invest overseas to sell more successfully to the 95 percent of consumers that live outside our borders. By reaching millions of new customers overseas, U.S. investment overseas helps strengthen America’s manufacturing base, spurring approximately 50 percent of U.S. exports and supporting higher-paying American jobs, R&D and capital investment. When companies investment overseas, some 90 percent of their sales stay outside the United States. (continue reading…)

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)


NAM Welcomes Introduction and Urges Action on Key Customs and Enforcement Provisions

The NAM welcomes the introduction of the customs modernization and trade facilitation provisions as well as long-sought trade-remedy enforcement provisions as part of the Senate Finance Committee Chairman’s Mark to be considered by the Committee on Wednesday, April 22.

This legislation seeks to ensure a proper balance between trade facilitation and trade enforcement responsibilities at U.S. Customs & Border Protection (CBP). The Chairman’s Mark contains many customs modernization provisions, including provisions that the NAM had sought on key issues such as duty drawback modernization and exemption from duty for container residue. Importantly, the Chairman’s mark includes new tools to protect and enforce intellectual property theft in our trade flows. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


How the TPP Can Be a Game-changer for Manufacturers in the United States

Negotiations on the Trans-Pacific Partnership (TPP) between the United States and eleven Asia-Pacific nations have been ongoing for several years, but we are finally nearing a make-or-break point in the effort to promote stronger commercial engagement between our nations and set in place new rules on transparency and protections for American innovation and investment that will help raise standards much closer to what we in America have long taken for granted. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Dear India: Actions Speak Louder than Words

Every year, the city of Hannover, Germany, hosts the world’s largest industrial trade fair—the Hannover Messe—which increasingly highlights the most important advancements in manufacturing technologies. Next year, the United States will be the official partner country, and the National Association of Manufacturers (NAM) is very excited that manufacturers in the United States will have a special showcase for their innovations and best-in-class manufacturing solutions. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Purported TPP Investment Text Confirms Pro-Rule of Law and Transparent Processes, but Raises Questions about Some TPP Countries’ Commitment to Fairness and the Rule of Law

Last night, WikiLeaks put out what it claims is the draft of the investment text being negotiated in the Trans-Pacific Partnership (TPP).

For manufacturers in the United States, many of whom use foreign investment to spur U.S. exports and make overseas sales, the text looks familiar because it is substantially based on the highly detailed U.S. model investment negotiating text that has been publicly available on both the websites of the Office of the United States Trade Representative (USTR) and the Department of States since the Obama Administration completed its multi-year review of the investment text in April 2012. That review, which was public and sought input from stakeholders throughout the United States, resulted in a strong investment negotiating document that seeks a more level playing field for our nation’s manufacturers and other job-creators in this country. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


The Economic Development and Jobs Growth Tool the Anti-Trade Lobby Loves to Hate; Why ISDS Deserves More than a Little Respect

Clean water in Mexico, new solar energy production in the Czech Republic, food production in Zimbabwe, and energy production in South America. All these are examples of how private entrepreneurial investment from one country to another has the capacity to improve peoples’ lives. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Expanding America’s Global Opportunities – Hannover Messe 2016

This evening, business leaders and policymakers will attend the signing of the Memorandum of Understanding (MOU) naming the United States as the Hannover Messe partner country for 2016. Hannover Messe is the world’s largest industrial trade fair, held annually in Hanover, Germany. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


A Manufacturing Blog

  • Categories

  • Connect With Manufacturers

            
  • Blogroll