September 17, 2013 |
Recently installed U.S. Secretary of Commerce Penny Pritzker said trade opportunities with Mexico will expand as economic and security conditions improve in America's southern neighbor. Pritzker is headed to Mexico for her first official trade mission Nov. 18. The trip will focus on key industries such as advanced manufacturing and health information technology, she told The Times in a brief interview Tuesday after delivering a keynote address at the U.S. Saudi Business Opportunities Forum in downtown Los Angeles.
August 13, 2013 |
Major Hollywood studios have resolved a tax dispute in China that has held up hundreds of millions of box-office dollars since 2012. The months-long dispute centered on a 2% value-added tax that state-owned distributor China Film Group insisted Hollywood studios pay out of their share of Chinese box-office revenues, cutting into their profits in the world's second-largest film market. But Tuesday evening the Motion Picture Assn. of America, which represents the major studios, said the matter had been resolved.
June 27, 2013 |
QUITO, Ecuador -- Ecuador on Thursday announced it was withdrawing from a 2-decade-old trade pact with the United States, saying the agreement left the South American nation vulnerable to “blackmail” as U.S. officials seek the return of fugitive Edward Snowden. The trade agreement was already at risk of not being renewed by the U.S. Congress before Ecuador began weighing whether to grant asylum to Snowden, the former contract worker for the National Security Agency who recently revealed extensive U.S. tracking of telephone communications and then fled from Hawaii to Hong Kong.
June 17, 2013 |
WASHINGTON -- The U.S. and the European Union will begin talks next month on an ambitious free-trade deal between the two rich regions that exchanged more than $645 billion in goods last year. But the announcement, made Monday ahead of the Group of 8 summit in Northern Ireland, came against a backdrop of contention over French insistence that subsidized domestic movies remain protected as well as questions about U.S. government surveillance programs. President Obama, standing alongside EU leaders and the United Kingdom's prime minister, David Cameron, nonetheless hailed the proposed trans-Atlantic trade agreement as a "potentially groundbreaking partnership" that would deepen ties between two areas that account for about 45% of the global economy.
March 5, 2013 |
After months of wrangling, the U.S. and Mexico signed a new tomato trade agreement late Monday, officially suspending an antidumping investigation of fresh tomatoes from south of the border and raising floor prices for Mexican tomatoes. The agreement, announced in February, prevented a trade war between the two countries. U.S. growers in Florida had accused their Mexican counterparts of selling their tomatoes below fair market value -- a practice known as dumping -- and last year asked the U.S. Commerce Department to scrap the 17-year-old trade agreement.
January 24, 2013 |
Retail prices for tomatoes may double if a trade agreement between the U.S. and Mexico ends, according to a study released Thursday by a tomato importing group. The possible price hike is the result of a brewing trade war between Florida tomato growers who accuse their Mexican counterparts of “dumping,” or selling their tomatoes below fair market value. U.S. growers, represented by the Florida Tomato Exchange, have been lobbying to end a 17-year-old trade agreement between the U.S. and Mexico, which sets a minimum price for tomatoes.