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Trade Watch 2018: NAFTA Renegotiations

Posted by on Feb 27, 2018 | 0 comments

Follow Email The threat to “Kill NAFTA” was a consistent promise of Trump as a presidential candidate. Instead, while the threat remains, on May 18, 2017 the Trump Administration announced its intention to renegotiate the North American Free Trade Agreement (NAFTA). To what end? And what is the status of NAFTA renegotiations? As of February, 2018, the three parties – Canada, Mexico, and the United States – have completed six...

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Trade Watch 2018: The World Trade Organisation, Part II

Posted by on Jan 29, 2018 | 0 comments

Follow Email – In Part I we discussed the weak and divided outcomes from the 11th WTO Ministerial Conference.   Institutional Concerns Several institutional factors explain the weak and divided outcomes from the 11th WTO Ministerial Conference. The WTO’s consensus approach to decision-making means that nothing is decided until all Members agree. Each of its 164 (as of July 2016) members has one vote. This governance structure slows...

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Trade Watch 2018: The World Trade Organisation – Part I

Posted by on Jan 24, 2018 | 0 comments

Follow Email Do the weak and divided outcomes of the 11th WTO Ministerial Conference signal that the World Trade Organization (WTO) is becoming another example of failed multilateralism? Launched in 1995 as the world’s rulemaking organization on international trade, the stated primary purpose of the WTO is “to open trade for the benefit of all”. It seeks to act as a forum for negotiating agreements aimed at reducing obstacles to...

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Trade Watch 2017

Posted by on Jan 17, 2017 | 0 comments

Follow Email It should come as no surprise to anyone who has been paying attention that several developments of 2016 will bear fruit in 2017. Trade Watch 2017 lists some key issues to watch out for in the trade arena this year: Brexit: Britain must act on its vote to leave the European Union. January 17, (2017) Prime Minister Theresa May outlined her 12-point plan for doing so. It includes negotiation of a new, bold, and ambitious free trade...

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Our Food Smells Different!

Posted by on Nov 1, 2016 | 0 comments

Follow Email As the FDA strengthens enforcement of the Food Safety Modernization Act (FSMA), I am reminded of how this might impact the importer who shared this concern with me, “Our food smells different and that causes problems with US Customs.” “Problems” can mean having your shipment detained, opened and inspected, and re-exported or destroyed. The US Food & Drug Administration (FDA) is responsible for protecting the...

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Sanctions Against Russia: How Do Sanctions Affect International Trade?

Posted by on Sep 21, 2016 | 0 comments

Follow Email We hear of Russian cyber attacks in the U.S. and Europe weekly, if not daily. Could the attacks be retaliation for American and European sanctions against Russia? In 2014, the European Union and the United States imposed sanctions against Russia because of its ongoing actions in Ukraine. Sanctions affect international trade because they prohibit or place restrictions on individuals and companies from doing business with...

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