Trade

Out of Cycle, Out of Touch

USTR Gives India’s Weak IP Policies a Pass

India got a pass when the Office of the U.S. Trade Representative (USTR) dropped its out-of-cycle review of that country’s abysmal IP regime, which consistently ranks as one of the very worst in the world.

The NAM and its partners in the Alliance for Fair Trade with India have long called for concrete action to address the threat of India’s deteriorating intellectual property environment and other discriminatory policies to manufacturing and jobs in the United States. (continue reading…)

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Global Manufacturing Economic Update – December 12, 2014

Here are the files for this month’s Global Manufacturing Economic Update:

It has become increasingly clear over the past few weeks that North America stands out as a bright spot in an ever-challenging global economic environment. Real GDP in the United States grew an annualized 4.2 percent in the second and third quarters, and U.S. manufacturers remain mostly optimistic about the next year. Indeed, the U.S. economy is expected to expand by around 3 percent, its fastest rate in a decade. Likewise, Canada and Mexico — our two largest trading partners — have made improvements in their respective economies since earlier this year. Canada has the distinction of having the highest purchasing managers’ index (PMI) of any of our top 10 trading partners, holding steady in November at 55.3. (continue reading…)

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Manufacturers to Froman and Malmstrom: Make 2015 a Year of Action and Results on TTIP

The future of the Transatlantic manufacturing economy could well be riding on the outcome of today’s meeting in Washington between U.S. Trade Representative Michael Froman and EU Trade Commissioner Cecelia Malmstrom.

At stake is progress toward a Transatlantic Trade and Investment Partnership (TTIP) agreement that could drive economic growth and job creation by breaking down trade and investment barriers between the world’s two largest economies. (continue reading…)

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Revival of the WTO and the Global Economy Requires All-In Global Leadership

From NAM’s Linda Dempsey in Geneva, Switzerland

The breakthroughs last month on two key World Trade Organization negotiations gave new optimism to manufacturers seeking to grow opportunities through increased exports, international sales and new technologies.  With new U.S. trade data showing continued weakness in U.S. manufactured goods exports, manufacturers hope to see these negotiations bear fruit as soon as possible. (continue reading…)

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U.S. Trade Deficit Edged Marginally Lower in October

The Bureau of Economic Analysis and the Census Bureau said that the U.S. trade deficit edged marginally lower, down from $43.60 billion in September to $43.43 billion in October. The increase in goods exports (up from $136.04 billion to $138.05 billion) essentially matched the gain in goods imports (up from $198.74 billion to $200.72 billion), with the service sector goods surplus rising from $19.10 billion to $19.24 billion.

Petroleum exports have fallen from $14.13 billion in August to $10.98 billion in October. Much of this decline can be explained by lower crude oil costs. Interestingly, however, petroleum imports have declined by less, down from $27.26 billion in August to $26.22 billion in October. As a result, the petroleum trade deficit has risen from $13.13 billion in August to $15.24 billion in October, its highest point in five months. (continue reading…)

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A Fact- and Experience-Based Review of Investor-State from Europe

This post was co-authored by Linda Dempsey, NAM and Hendrike Kuehl, TABC

In Brussels, Thursday morning, the National Association of Manufacturers and the Trans-Atlantic Business Council (TABC) co-hosted a seminar on the high-profile investor-state dispute settlement (ISDS) mechanism that is being negotiated as part of the Transatlantic Trade and Investment Partnership – ISDS: A Fact- and Experience-Based Review. This event brought together representatives from the EU Parliament, EU Commission, academia, think tanks and arbitration experts and businesses to put the ISDS mechanism into its international law context and discuss its use and implications for both the U.S. and EU. (continue reading…)

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NAM Partners with Global Business Dialogue to Promote Environmental Goods Agreement

This morning the NAM and the Global Business Dialogue hosted a discussion about the Environmental Goods Agreement (EGA) negotiations underway at the World Trade Organization (WTO). NAM’s Linda Dempsey, Vice President for International Economic Affairs, spoke about the benefits to manufacturing of a broad EGA, mentioning that, “increased trade and global engagement is vital for our manufacturers. With only a 9 percent share of the global $11 trillion market in manufactured goods trade outside our borders, manufacturers can and should be able to expand commercial opportunities.

(continue reading…)

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Manufacturers Call on Congress to End Gridlock on the MTB

Manufacturers continue facing congressional inaction on even the most bipartisan pieces of legislation that could help them create new opportunities for growth and jobs in the United States –  the Miscellaneous Tariff Bill (MTB).  For decades, the MTB has supported manufacturing jobs in the United States by cutting costs and strengthening manufacturers’ competitiveness. Under the MTB, manufacturers are permitted to import certain manufacturing inputs duty free when those products aren’t available in the United States. (continue reading…)

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U.S.-India Deal Provides Breakthrough on WTO Trade Facilitation Agreement

The United States and India announced today an agreement that paves the way for implementation of the World Trade Organization (WTO) to implement the Trade Facilitation Agreement (TFA), the first multilateral trade agreement to be concluded in the history of the WTO. Progress on the TFA was halted in July, when a small group of countries – led by India – blocked consensus on implementing the TFA and raised concerns about the status of the WTO’s work on food security issues. The new compromise included no major revision of the original WTO deal struck last December, which provided for India’s food stockpiling to be shielded from legal challenge by a “peace clause.” The compromise clarified, though, that the legal shield would remain until a permanent solution was found. (continue reading…)

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Manufacturers Welcome Congress Back; Say Now Is Time To Govern

As Members of the 114th Congress descend on Washington for orientation, and the 113th Congress convenes for the upcoming lame duck session, manufacturers stand ready to work with our leaders to advance policies that will enable us to continue to grow and create jobs.   Manufacturers believe that now is the time to set aside the differences that have resulted in gridlock, and focus on the pro-growth policies that brought voters to the polls. Simply put, it is time to govern and grow. (continue reading…)

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