December 14, 2009 |
The Times' Dec. 3 editorial, "Trading with Ecuador," ignores evidence of Ecuador's hostility to the United States and misleadingly asserted that Chevron is calling for an end to beneficiary status for Ecuador under the Andean Trade Preferences Act. While more than one organization has called for "halting the trade agreement" with Ecuador, Chevron is not. Chevron is arguing that countries should not be unconditionally rewarded with unilateral trade...
November 28, 2009 |
At a time when the United States desperately needs to boost exports and create jobs, America's free-trade pact with South Korea offers the promise of doing both, say many analysts and businesses especially on the West Coast. But the long-stalled agreement isn't likely to get ratified any time soon -- despite renewed hopes from President Obama's trip to Asia this month and the threat that South Korea's pending trade deal with the European Union could soon put U.S. exporters at a competitive disadvantage.
November 19, 2009 |
President Obama met today with South Korean President Lee Myung-bak, calling for North Korea to take "serious steps" to give up its nuclear weapons and committing himself to reviving a free-trade deal between Seoul and Washington that has stalled in the U.S. Congress. In a nationally televised joint news conference, Lee said the two presidents agreed to offer North Korea a "grand bargain" designed to provide the North with security guarantees and economic assistance in exchange for dismantling its core nuclear programs.
September 24, 2009
President Obama is in favor of free trade. Except when he isn't. Free trade creates jobs and lowers prices, as he freely acknowledges. But he also insists that American workers must be shielded from foreign labor practices that threaten job security. During the presidential campaign, Obama indicated that he was open to renegotiating the North American Free Trade Agreement, even as an advisor quietly reassured Canadian officials that he wouldn't tamper with free trade on the North American continent.
August 13, 2009 |
The World Trade Organization today ruled that China violated free trade practices by restricting imports of movies, music and books, handing the U.S. a victory in a highly contentious issue that has long rankled Hollywood and other purveyors of media products. U.S. Trade Representative Ron Kirk in Washington called the WTO panel ruling a significant win for America's creative industries. "This decision promises to level the playing field for American companies working to distribute high-quality entertainment products in China, so that legitimate American products can get to market and beat out the pirates," he said in a statement.
April 10, 2009 |
South Korea is close to finalizing what officials here call a hard-won free-trade agreement with the European Union that would do away with most tariffs on trade between the two entities. Now Seoul is setting its sights on Washington, trying to rescue an agreement signed two years ago that is giving U.S. officials second thoughts. The Obama administration is hesitant to seek congressional ratification of the agreement negotiated by the Bush administration.
March 24, 2009
Thanks to the latest protectionist move by Congress to dodge our free-trade obligations with Mexico, in six to eight weeks, more than 20,000 pounds of California strawberries that ordinarily would be headed south of the border will have nowhere to go. The 80,000 people employed by the industry, however, know exactly where their jobs will be headed -- into thin air.
March 23, 2009 |
Businessman Charlie Hsu waited years for easy air travel from his native Taiwan to China. Political tensions between the island and the communist mainland made direct flights impossible. Today it's just a 90-minute hop from Taiwan's capital, Tapei, to Shanghai as relations have warmed. But Hsu has little reason to go. The global financial crisis has delayed his plans to launch a semiconductor-parts plant near China's largest city.
March 20, 2009 |
As whispers of protectionism began to unsettle the export-import business, Oriental Weavers, one of the world's largest carpet makers, reset its looms and recast its prices to compete in an increasingly bargain-conscious U.S. market. The Cairo-based company fared relatively well over an 18-month period as the U.S. housing crisis spread and oil prices soared. But its sales to America have since slipped, forcing it to look toward emerging markets in Asia and former Soviet republics.