A crisis in trade finance – credit used to cover delivery and receipt of goods – is contributing to a general drop in trade. Several countries are joining together to solve the problem. This feature on our sister site, IIPDigital.gov, has this eJournal on Trade issues.
- Fact Sheet: Open Skies Civil Aviation Partnerships
- Protecting Intellectual Property Rights (IPR)
- Transforming the Culture of Corruption (PDF, 950Kb)
- Office of the U.S. Trade Representative
- Fact Sheet: Dept. of Commerce: "Open for Business Agenda" (commerce.gov)
On the Transatlantic Trade and Investment Partnership (TTIP):
- Top 5 Things to Know About T-TIP
- State's Hormats on Transatlantic Trade and Investment Partnership
- Trans-Atlantic Trade Deal a "Unique Opportunity" for U.S., EU
- USTR Kirk Welcomes Presidential Decision to Pursue Transatlantic Trade and Investment Partnership
- Joint Statement on decision to launch negotiations on a Transatlantic Trade and Investment Partnership
Trade issues News
04 December 2013 USTR Froman at Opening of World Trade Organization Conference Statement of U.S. Trade Representative Michael Froman to the Opening Plenary Session of the 9th Ministerial Conference of the World Trade Organization (WTO).
15 November 2013 Five Things You Should Know About the Transatlantic Trade and Investment Partnership "Thanks to this agreement, Americans could find it a lot easier to sell goods and services to consumers in the European Union. T-TIP will open doors for trade and investment across the Atlantic, from Wall Street to Main Street. It offers an extraordinary opportunity for the United States to partner with the EU on an initiative that will build more jobs and spur economic growth, while at the same time maintaining high standards for health, safety, and environmental protection for people on both sides of the Atlantic."
06 November 2013 Announcement of Next Round of Transatlantic Trade and Investment Partnership Negotiations (via USTR.gov) The United States and European Union will hold the second round of Transatlantic Trade and Investment Partnership (T-TIP) negotiations with meetings and digital video-conferences scheduled to take place over the next several weeks. From November 11-15, negotiators will meet in Brussels to cover services, investment, energy and raw materials, and regulatory issues"
01 November 2013 U.S. Official Urges New Norms for International Trade The United States wants its international partners to raise standards and set new norms for multilateral trade, U.S. Trade Representative Michael Froman said at The Economist’s Buttonwood Gathering in New York.
01 October 2013 U.S. Trade Official Urges More Participation in Regulatory Reform U.S. Trade Representative Michael Froman says that greater transparency and input from all sectors of society are needed to strengthen the multilateral trading system. Froman noted that the European Union also has called for opening the policymaking process to public comment.
17 September 2013 U.S. Will Work with Shanghai Group to Boost Trade with China U.S. Under Secretary of Commerce for International Trade Francisco Sánchez signed an agreement September 16 intended to enhance trade between the United States and China.
13 August 2013 U.S. Trade Chief Launches Efforts to Boost Ties with East Africa The U.S. Trade Representative has announced new efforts to ease the flow of trade in East Africa and expand the existing U.S.–East African Community trade and investment partnership. The review aims to build on AGOA’s successes and address its challenges for the future. AGOA is set to expire September 30, 2015. The forum also highlighted trade and investment partnerships between the United States and Africa.
06 August 2013 U.S. Seeks Seamless Renewal of African Trade Agreement The United States wants a “seamless” renewal of the African Growth and Opportunity Act (AGOA), the U.S. law that offers trade incentives to African countries that open their economies.
17 June 2013 U.S.-EU Trade Talks to Begin Week of July 8 President Obama and European leaders said negotiations for a new trade
agreement known as the Transatlantic Trade and Investment Partnership
(T-TIP) will begin in Washington in early July. The talks are aimed at
deepening the economic relationship between the United States and the
• Obama, European Union Leaders on Trans-Atlantic Trade
17 May 2013 Obama Proclamation on World Trade Week 2013 "As a Nation, we need to do everything we can to create good, middle-class jobs right here in America. And one of the best ways we can do that is by boosting manufacturing and expanding trade that allows us to sell more of our goods and services all around the world. ... During World Trade Week, we recognize workers, growers, and entrepreneurs nationwide who share that ambition, and we rededicate ourselves to advancing it in the year ahead."
15 May 2013 Trade Has Helped Change Global View of Africa, Official Says The world has a new image of Africa as a continent of progress and promise, and trade lies at the heart of its economic resurgence, a senior State Department official told global leaders.
03 May 2013 U.S. Rates Intellectual Property Protections of Trading Partners In an annual report on the adequacy of the intellectual property
rights protections of U.S. trading partners, the Office of the U.S.
Trade Representative (USTR) cites ongoing problems in Ukraine and
praises improvements in Canada. The Special 301 Report presents an annual review of the global state
of intellectual property rights (IPR) protection and enforcement that
USTR conducts under Section 182 of the Trade Act of 1974, as amended by
the Omnibus Trade and Competitiveness Act of 1988 and the Uruguay Round
Agreements Act. The 2013 Special 301 review process examined IPR
protection and enforcement in 95 trading partners, USTR said.
• Executive Summary of U.S. Trade Representative's "2013 Special 301" Report
25 April 2013 State’s Hormats on Transatlantic Trade and Investment Partnership The Transatlantic Trade and Investment Partnership (TTIP): America's New Opportunity to Benefit from, and Revitalize its Leadership of, the Global Economy.
13 February 201 Statement from President Obama, European Council President Van Rompuy and European Commission President Barroso on decision to launch negotiations on a Transatlantic Trade and Investment Partnership.
01 April 2013 USTR Fact Sheet on Expanding U.S. Food and Agricultural Exports In 2012, the Obama Administration opened markets for a wide range of food and agricultural products from across the United States. The Administration’s success in removing unwarranted sanitary and phytosanitary barriers to U.S. exports is a critical element in expanding new markets for U.S. food and agricultural exports and is an important milestone under the Administration’s National Export Initiative.
20 March 2013 Trade with Emerging Markets Benefits U.S., Study Says Rapid economic growth in emerging economies benefits the U.S. economy by expanding markets for U.S. exports and providing U.S. producers and consumers with cheaper and more varied goods, according to a new study. Robert Lawrence, who co-authored the study with Lawrence Edwards, said job losses and related dislocations of people and communities caused by trade are “a myth.”
19 March 2013 U.S. Taking "Bold Steps" to Expand Trade in 2013 The Obama administration is taking “bold steps” to expand U.S. trade after U.S. exports scored record highs in 2012. “Last year, U.S. exports overcame slackening global demand and a devastating drought to reach record highs,” acting U.S. Trade Representative Demetrios Marantis said before the Senate Finance Committee. Marantis said the administration is counting on strong support from both parties in Congress to hold its trading partners “accountable for their commitments.”
13 March 2013 U.S. on Track to Meet Goal of Doubling Exports President Obama says the U.S. economy is on its way to meet the goal of doubling exports from 2010 levels by the end of 2014, and he urged U.S. policymakers to advance free trade deals such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership to help sustain the momentum in growth.
26 February 2013 Trans-Atlantic Trade Deal a "Unique Opportunity" for U.S., EU Secretary of State John Kerry said the U.S. relationship with Germany is one of its “most vibrant” global alliances, and that a proposed trans-Atlantic trade deal with the European Union would help to lift the economies of both participants, as well as raise global trading standards.
13 February 2013 Transatlantic Trade and Investment Partnership U.S. Trade Representative Kirk Welcomes Presidential Decision to Pursue Transatlantic Trade and Investment Partnership
•Statement from United States President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso
08 February 2013 U.S. to Auction Gulf of Mexico Oil and Gas Exploration Rights Oil and gas prospectors will be able to bid on leases March 20 to explore and develop petroleum resources in the central Gulf of Mexico as part of the Obama administration’s five-year leasing program for the region. The auction in New Orleans will be the first of five central Gulf of Mexico lease sales to be held under the Obama administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012 to 2017.
08 February 2013 U.S. Exports Reached Record High in 2012 The Department of Commerce has announced that the export of U.S. goods and services reached an all-time record during 2012. Acting Secretary of Commerce Rebecca Blank said record levels of exports were recorded in a variety of areas, including capital goods; automotive vehicles, parts and engines; consumer goods; and travel and tourism.
14 January 2013 U.S. Trade Deficit Widened in November The U.S. trade deficit expanded to a seven-month high in November at $48.7 billion, reflecting a rise in the U.S. import of consumer goods from its trading partners around the world.
17 December 2012 U.S. Lists "Notorious Markets" of Stolen, Counterfeit Goods USTR Ron Kirk on announced the results of the Special 301 Out-of-Cycle Review of Notorious Markets. The review lists more than 30 Internet and physical markets that exemplify marketplaces that deal in infringing goods and services, supporting global piracy and counterfeiting.
05 December 2012 EU, U.S. to Boost Efforts on Small Business Trade Promotion The U.S. Department of Commerce’s International Trade Administration and the European Commission Directorate-General for Enterprise and Industry have agreed to work together to support and promote trans-Atlantic trade among small and medium-sized enterprises.
29 October 2012 EU, U.S. Partner to Promote Global Open Investment Policies Senior officials of the European Union and the United States met in Washington to continue discussions on global investment policy. The talks have worldwide implications because the United States and the European Union are the world's largest sources and destinations for foreign investment.
26 October 2012 State's Luna at OECD Forum on Illicit Trade, Illegal Economy
11 October 2012 U.S. Trade Deficit Grows in August The U.S. trade deficit grew to $44.2 billion in August, up from $42.5 billion the month before, according to the Commerce Department’s latest report. The July to August decrease in exports of goods reflected decreases in industrial supplies and materials; foods, feeds and beverages; consumer goods; and automotive vehicles, parts and engines. Increases occurred in capital goods and "other" goods. The monthly drop in imports of goods reflected decreases in consumer goods; automotive vehicles, parts and engines; and capital goods. Increases occurred in industrial supplies and materials; other goods; and foods, feeds and beverages.
21 September 2012 U.S., Global Partners Work Toward International Services Pact The United States is working with a number of World Trade Organization partner economies to develop a new international agreement that would provide the foundation for consensus on liberalization of trade in services, says Deputy U.S. Trade Representative Michael Punke.
19 September 2012 U.S. Provides $1 Million in Additional WTO Trade Support U.S. Trade Representative Ron Kirk announced the new contribution and said the money will help developing nations improve their ability to analyze issues, assess their interests and participate effectively in the World Trade Organization.
17 September 2012 Assistant Secretary Gordon on Trans-Atlantic Trends During his European visit, Camuñez conducted the Economic and Commercial Dialogue (ECD) with high-level government officials in the Czech Ministry of Industry and Trade and led the U.S. delegation to the Organization for Security and Co-operation in Europe’s 20th Economic and Environmental Forum in Prague.
11 September 2012 U.S. Trade Slows in July, Causes Slight Deficit Rise The U.S. trade deficit hit $42 billion in July, a slight increase from June due to a 1 percent drop in exports and a 0.8 percent decline in imports during the month, according to the International Trade in Goods and Services report for July.
10 August 2012 U.S. Trade Deficit Shrinks, Exceeding Economists' Expectations The U.S. trade deficit in June shrank a significant 10.7 percent from May to $42.9 billion, thanks to continued growth in exports, according to a new Commerce Department report.
26 July 2012 Commerce Official Highlights Efforts to Promote Trade with Africa U.S. Under Secretary of Commerce for International Trade Francisco Sánchez highlighted efforts to increase U.S. trade and investment with sub-Saharan Africa in testimony to the Senate Foreign Relations Committee’s Subcommittee on African Affairs.
17 July 2012 State's Shapiro at Export Control Reform Conference Remarks by Andrew Shapiro, Assistant Secretary, Bureau of Political-Military Affairs, to the Export Control Reform Conference, Washington, DC.
16 July 2012 U.S. Trade Official at U.S.-EU Economic Council Forum Opening Remarks by Ambassador Miriam Sapiro at the EU-U.S. Small and Medium Enterprises TEC Workshop in Rome, Italy.
06 July 2012 U.S., Global Partners Seek Services Trade Liberalization A number of World Trade Organization member economies are exploring a new international agreement in Geneva that could provide the foundation for multilateral consensus on liberalization of trade in services.
28 June 2012 Millennium Challenge Corporation (MCC) Fact Sheet on Contribution to Aid for Trade Trade is one of the most significant drivers of economic growth. MCC considers $3.2 billion of its assistance to partner countries—35 percent—as “aid for trade.” MCC’s primary contribution to “aid for trade” is through transportation infrastructure financing.
27 June 2012 USTR on Transparency and Trans-Pacific Partnership A fact sheet from the office of the United States Trade Representative.
08 June 2012 U.S. April Trade Figures Reach Second-Highest Level Commerce Secretary John Bryson says American businesses must continue working to reach the 95 percent of the world's consumers who live beyond U.S. borders.
05 June 2012 EU, U.S. Begin Streamlined Trade of Organic Products Organic products certified in the United States or European Union may now be sold as organic in either market, as trade opened up June 1 under a new U.S.-EU equivalency partnership. Previously, producers and companies wanting to trade products on both sides of the Atlantic had to obtain separate certifications to two standards, which resulted in a double set of fees, inspections and paperwork.
05 June 2012 USTR Kirk at APEC Ministerial Meeting in Russia "We are pleased that as Russia leads APEC in 2012, vital work is continuing. Together, we are tackling protectionist barriers in the form of local content requirements, seeking to streamline regional supply chains more broadly, and taking concrete actions to liberalize environmental goods and services trade."
30 May 2012 White House on Export-Import Bank Reauthorization Act of 2012 President Obama is to Sign the Export-Import Bank Reauthorization Act of 2012. This will extend the Bank’s authority through 2014 and increase its portfolio cap to $140 billion to help U.S. businesses sell their products and services around the world.
24 May 2012 U.S. Looks for Most Effective Way to Expand Trans-Atlantic Trade The top U.S. trade official says the United States is committed to finding the smart, prudent and most effective way to strengthen trans-Atlantic trade and investment. The U.S. goal for comprehensive trade talks, if they are undertaken, would be full liberalization of market access for all categories of goods and expanded flows of services and investment.
22 May 2012 U.S. Trade Representative on U.S.-EU Trade Policy U.S. Trade Representative Ron Kirk at the London School of Economics and Political Science on U.S.-EU Trade Policy.
12 May 2012 U.S. Official on Medical Devices and Economic Growth, Innovation Assistant Secretary of Commerce Camuñez at the 2012 International Medical Device Industry Compliance Conference, Stockholm, Sweden.
02 May 2012 USTR Releases Annual Report on Intellectual Property Rights The Office of the U.S. Trade Representative's annual Special
301 Report highlights improvements in and concerns about the adequacy
and effectiveness of U.S. trading partners’ protection and enforcement
of intellectual property rights (IPR).
• Summary of 301 Report on Intellectual Property Rights
09 April 2012 New Reports Show Progress in Removing Trade Barriers In three new reports to President Obama and Congress, U.S. Trade Representative Ron Kirk details efforts made in the past year to remove barriers to U.S. international trade. The reports highlight in particular the establishment of a new Interagency Trade Enforcement Center to investigate and pursue any country’s failure to abide by international trade rules and commitments.
13 March 2012 Obama: U.S., Partners File Trade Case Against China The United States, the European Union and Japan are filing a case against China for violating international trade rules by unfairly limiting exports of rare earth minerals, a key component in high-tech products manufactured around the world.
07 March 2012 USTR Kirk on Obama's Trade Policy Agenda for 2012 Testimony Before the Senate Finance Committee on key initiatives of the President’s Trade Policy Agenda for 2012.
17 February 2012 Obama Promotes U.S. Trade President Obama announced plans February 17 to increase U.S. exports and strengthen the U.S. economy.
27 January 2012 U.S., Egyptian Officials Announce Efforts to Increase Trade Ties U.S. Trade Representative Ron Kirk and Dr. Mahmoud Eisa, Egyptian minister of industry and foreign trade, adopted a joint statement declaring their intention to promote the U.S.-Egypt Trade and Investment Partnership and provide opportunities for job creation. The statement notes the United States’ commitment to support Egypt’s economic growth and Egypt’s commitment to enhance the conditions for fostering dynamic economic activity in the months ahead.
28 December 2011 U.S. Treasury Dept. Reports on International Exchange Rate Policies The U.S. Department of the Treasury on December 27 released its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies. The report highlights the need for greater exchange rate flexibility, most notably by China, but also in other major economies.
17 November 2011 U.S. Highlights $25 Billion in Trade Deals with Asia-Pacific As President Obama wraps up the last leg of his nine-day Asia-Pacific tour, the White House highlights a series of “high-value, historic” private trade deals in the region exceeding $25 billion in value and supporting an estimated 127,000 jobs in the United States alone. Obama has highlighted the Asia-Pacific region as a key market for U.S. exports due to the region’s “tremendous economic growth and its large and growing middle class.
13 November 2011 USTR Fact Sheet on Trans-Pacific Partnership Agreement Outline Leaders of the nine Trans-Pacific Partnership countries announced the achievement of the broad outlines of an ambitious, 21st-century Trans-Pacific Partnership (TPP) agreement that will enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.
05 October 2011 Remarks by USTR Official at U.S.-Russia Business Council Meeting Remarks by Chistopher Wilson, Assistant U.S. Trade Representative for WTO and Multilateral Affairs at the U.S.-Russia Business Council Annual Meeting.
12 August 2011 U.S. Trade Deficit Surges to Highest Level Since 2008 The U.S. trade deficit has surged to $53.1 billion — its highest level in almost three years — as a drop in the country’s exports exceeded a decline in imports from abroad. June’s trade deficit was up 4.4 percent from May, largely due to a 2.3 percent drop in total exports to $170.9 billion.
21 July 2011 U.S. Ready to Meet Doha Trade-Liberalization Goals The United States stands ready to address the challenges of meeting the trade-liberalization goals outlined in the World Trade Organization’s 2001 negotiations in Doha, Qatar, says Deputy U.S. Trade Representative Michael Punke.
13 May 2011 Presidential Proclamation on World Trade Week
31 March 2011 Secretary Clinton's Remarks at a Ceremony Celebrating the Negotiation of Agreements Between the U.S. and 100 Open Skies Partners
• Fact Sheet: U.S. Open Skies Civil Aviation Partnerships
03 March 2011 Trade Policy Agenda & 2010 Annual Report of the President of the United States on the Trade Agreements Program
In 2011, the Administration’s trade policy will continue to provide leadership for the global economy and help American manufacturers, service providers, farmers, and ranchers sell more goods and services around the world, supporting more jobs here at home.
The President’s Trade Policy Agenda for 2011 outlines an ambitious scope of work to meet these goals. Across the global stage, we will advance market-opening negotiations with our trading partners and bolster existing ties. We will continue to actively enforce U.S. rights under our trade agreements. We will conduct these efforts based on high standards that reflect American values on labor and on the environment, and on public engagement and transparency.
01 October 2010 U.S. Trade Policy Extremely Open, World Trade Organization Finds “The U.S. trade and investment regimes are among the most open in the world,” the World Trade Organization (WTO) Secretariat reported in its 10th review of the trade policies and practices of the United States. “Like most other WTO Members, the United States very largely resisted pressures to respond to the global economic recession by tightening restrictions on imports,” the Secretariat reported in its executive summary. “The restraint shown by the United States helped forestall a worldwide slide into protectionism.”
09 December 2009 Anti-Bribery Convention Has Made a Difference Bribing public officials to obtain business advantages in international transactions carries a stigma and exposes corporations and their executives to an increased risk of successful prosecution, thanks to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
16 October 2009 World Trade Body Membership Tops U.S. Trade Agenda for Russia
16 October 2009 Clinton: China, Russia Trade Pacts Show Economic Interdependence
13 October 2009USTR Kirk Says Services Trade Plan Essential to Trade Talks
14 July 2009 Regional Trade Hubs Help Foster U.S.-Africa Trade
14 July 2009 U.S.-Africa Trade Increased 28 Percent in 2008
14 May 2009 Statement on U.S.-EU Beef Hormone Agreement
Intellectual Property Rights
2009 Special 301 Report
- 2009 Special 301 report Full text.
Trade Basics and Statistics
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