May 19, 2014 1 NFTC Trade Matters Vol. 15 No. 20
Trade Matters Alert
May 19, 2014
Vol. 15 No 20
NFTC News
NFTC Celebrates ...
May 19, 2014 2 NFTC Trade Matters Vol. 15 No. 20
NFTC Hosts Press Lunch Roundtable on the Administration’s Export Control ...
May 19, 2014 3 NFTC Trade Matters Vol. 15 No. 20
Hill Updates
Chairman Wyden Statement Regarding Floor Action on the EXPIR...
May 19, 2014 4 NFTC Trade Matters Vol. 15 No. 20
TPP Meetings in Vietnam
On Wednesday, chief negotiators and key experts f...
May 19, 2014 5 NFTC Trade Matters Vol. 15 No. 20
Other News
USLBA Welcomes EBRD Decision to Admit Libya as Member
On Thurs...
May 19, 2014 6 NFTC Trade Matters Vol. 15 No. 20
the landmark trade deal. But Anthony Gardner said the US Treasury’s posit...
May 19, 2014 7 NFTC Trade Matters Vol. 15 No. 20
Links
• National Foreign Trade Council www.nftc.org
• USA*Engage www.usae...
May 19, 2014 8 NFTC Trade Matters Vol. 15 No. 20
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National Foreign Trade Council Trade Matters Alert May 2014

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National Foreign Trade Council Trade Matters Alert May 2014
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National Foreign Trade Council Trade Matters Alert May 2014

  1. 1. May 19, 2014 1 NFTC Trade Matters Vol. 15 No. 20 Trade Matters Alert May 19, 2014 Vol. 15 No 20 NFTC News NFTC Celebrates World Trade Week The National Foreign Trade Council (NFTC) today welcomed the Administration’s recognition of the importance of global trade to the U.S. economy through President Obama’s World Trade Week proclamation. “Trade is a critical component to boosting U.S. economic growth, and for 100 years, the NFTC has been working to expand U.S. trade by advocating for an open, rules-based global trading system,” said NFTC President Bill Reinsch. “World Trade Week and World Trade Month highlight the importance of expanding U.S. goods and services to markets around the world to American businesses and workers.” For more information, visit: http://www.nftc.org/newsflash/newsflash.asp?Mode=View&id=236&articleid=3836&category=All NFTC Blog Post on Next Phase of the National Export Initiative In a blog post on Friday, titled “Commerce Secretary Pritzker Announces Next Phase of the National Export Initiative,” James Wilkinson and Molly Morales of the National Foreign Trade Council (NFTC) wrote: “Since the National Export Initiative (NEI) was announced by President Obama during his inaugural State of the Union address, one third of U.S. economic growth and 1.6 million jobs have been created by increased exports. As part of World Trade Month and Small Business Week observances, on May 13, Secretary of Commerce Penny Pritzker announced future plans for the National Export Initiative – NEI/NEXT – which includes five main strategic aims... “... The NFTC supports Secretary Pritzker’s proposal for increasing American exports. Throughout the NFTC’s 100 years, the organization has consistently promoted an open, rules-based trading system. By helping businesses access new markets and providing them with the regulatory and financial tools to do so, companies are able to fill a much greater demand and profit from a new community of clients. Domestic improvements in infrastructure and financial support are necessary along with international trade agreements, such as the Trans-Pacific Partnership, which will further reduce tariff and non-tariff barriers between the United States and other countries in the Pacific with demand for U.S. exports. “NEI/NEXT and its strategies give our businesses the tools they need to succeed individually and to support the continued growth of the U.S. economy as a whole. Secretary Pritzker and her team at Commerce deserve commendation for formulating a clear, thoughtful strategy for continued export growth, fueling further job creation and economic growth in the United States.” To read the full blog, visit: http://www.nftc.org/blog/main.asp?Tid=63
  2. 2. May 19, 2014 2 NFTC Trade Matters Vol. 15 No. 20 NFTC Hosts Press Lunch Roundtable on the Administration’s Export Control Reform Initiative On Friday, the NFTC hosted a roundtable discussion on the Administration’s export control reform initiative. On April 11, the Coalition for Security and Competitiveness (CSC) sent a letter to President Obama commending progress made by the Administration on the initiative and calling for it not to lose sight of the original objectives of the reform program, to build on its accomplishments and continue the momentum as the next phase of reform efforts begin. During the roundtable, members of the Coalition discussed the letter and the next steps CSC believes must be taken during phase two of the Administration’s reform effort. The discussion was led by: • Lauren Airey, Director of Trade Facilitation Policy, National Association of Manufacturers • Remy Nathan, Vice President of International Affairs, Aerospace Industries Association • Bill Reinsch, President, NFTC NFTC President Bill Reinsch Discusses the Politics of Global Trade at BGov Event On Wednesday, NFTC President Bill Reinsch participated in a Bloomberg Government event on the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP). Reinsch spoke on a panel – “Can Free Trade Survive Washington?” – alongside former U.S. Trade Representative (USTR) Susan Schwab and Everett Eissenstat, Chief International Trade Counsel of the U.S. Senate Finance Committee. Ambassador Michael Froman also participated in the event. For more information, visit: http://about.bgov.com/events/politics-trade-global-trade-washington-influence/ NFTC President to Deliver Remarks at Stimson Center on 21st Century Public-Private Partnerships On Thursday, May 29, 2014, the Stimson Center and the NFTC will be holding a discussion on how government and industry can more effectively promote both security and economic competitiveness for sustainable public-private partnerships. Rand Beers, Deputy Assistant to the President for Homeland Security will deliver keynote remarks. NFTC President Bill Reinsch will also deliver remarks at the event, which will be held at the Stimson Center. For more information and to register, visit: http://www.stimson.org/events/pragmatic-steps-to-21st- century-public-private-partnerships/ This Week in Trade History As NFTC turns 100, we thought it would be fun to look back at various milestones in our history, and the history of trade policy, to see how far we’ve come and to track themes of the past, which still resonate today and into the future. May 22, 1928: The Merchant Marine Act of 1928 (also called the “Jones-White Act”) was originally enacted to stimulate private shipbuilding in the United States, and to financially assist the merchant marine to be competitive in the emerging global market. The Jones Act has become controversial in recent years because of its requirement that cargo between U.S. ports be carried on U.S. ships, and has become a target of the EU in the ongoing TTIP negotiations.
  3. 3. May 19, 2014 3 NFTC Trade Matters Vol. 15 No. 20 Hill Updates Chairman Wyden Statement Regarding Floor Action on the EXPIRE Act On Thursday, Senate Finance Committee Chairman Ron Wyden (D-OR) issued the following statement regarding floor action on the EXPIRE Act. “Today the Senate voted to punish innovators, punish small businesses, punish homeowners who are underwater with their mortgages, punish returning veterans looking for jobs, and punish students already struggling to pay for college tuition. Despite today’s actions, the EXPIRE Act continues to be critical and timely legislation that we have to get done. And as I have said before, I continue to be open to narrowly related amendments similar to those added in Committee that strengthen the bill.” To read the full statement, visit: http://www.finance.senate.gov/newsroom/chairman/release/?id=22ec8c63-f633-4552-b556-13f45a6fb066 News from the Administration U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation On Wednesday, U.S. Secretary of Commerce Penny Pritzker co-chaired the third meeting of the U.S.- Turkey Framework for Strategic Economic and Commercial Cooperation (FSECC) at the Department of Commerce with U.S. Trade Representative Michael Froman. The Turkish delegation was led by Deputy Prime Minister Ali Babacan and Minister of the Economy Nihat Zeybekci. The meeting focused on issues that will expand the commercial relationship between Turkey and the United States, including promoting greater bilateral investment; creating a stronger business climate in areas such as public procurement and the pharmaceutical industry; and helping more businesses explore opportunities in fast-growing sectors like infrastructure, clean energy, aerospace and defense. For more information, visit: http://www.commerce.gov/news/press-releases/2014/05/14/us-commerce- secretary-pritzker-and-us-trade-representative-fromman-pr To read USTR Froman’s remarks during the FSECC press conference, visit: http://www.ustr.gov/about-us/press-office/speeches/transcripts/2014/may/Remarks-by-Ambassador- Froman-at-the-FSECC-Press-Conference Commerce Initiates Antidumping Duty and Countervailing Duty Investigations of Imports of 53- Foot Domestic Dry Containers from China On Wednesday, Commerce announced the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations of imports of 53-foot domestic dry containers from China. The U.S. International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before June 9, 2014. If the ITC preliminarily determines that there is a reasonable indication that imports of 53-foot domestic dry containers from China materially retard the establishment of the domestic industry or materially injure, or threaten material injury to, the domestic industry, the investigations will continue and Commerce will be scheduled to announce its preliminary CVD determination in July 2014 and its preliminary AD determination in October 2014, unless the statutory deadlines are extended. If the ITC’s preliminary determinations are negative, the investigations will be terminated. For more information, visit: http://enforcement.trade.gov/download/factsheets/factsheet-prc-53-ft-dry- containers-initiation-051414.pdf
  4. 4. May 19, 2014 4 NFTC Trade Matters Vol. 15 No. 20 TPP Meetings in Vietnam On Wednesday, chief negotiators and key experts from the TPP countries met this week in Ho Chi Minh City, Vietnam. For a detailed breakdown by date of the meetings, visit: http://www.ustr.gov/about-us/press-office/press- releases/2014/May/TPP-meetings-in-Vietnam United States and Pakistan Sign MOU on Women’s Economic Empowerment and Announce Joint Action Plan on Improving Bilateral Trade and Investment Flows On Tuesday, senior representatives of the governments of the United States and Pakistan met as the U.S.-Pakistan Trade and Investment Council, established under the U.S.-Pakistan Trade and Investment Framework Agreement (TIFA). The United States and Pakistan announced agreement on a Joint Action Plan to expand bilateral trade and investment flows over the next five years and signed a Memorandum of Understanding (MOU) on women’s economic empowerment. “Trade with Pakistan supports good-paying jobs in the United States and is a key part of our effort to unlock opportunity for American workers, businesses, farmers, and ranchers. Our trade relationship also provides tremendous benefits to the people of Pakistan as they grow their economy and move into the future. I am encouraged by the progress made in today’s U.S.-Pakistan Trade and Investment Council Meeting,” Ambassador Froman said. “The announcement of agreement on a Joint Action Plan to improve bilateral trade and investment as well as the signing of the MOU on women’s economic empowerment underscores the strong and growing relationship between the United States and Pakistan on trade and investment issues and signifies monumental progress for Pakistani women.” To read the full statement, visit: http://www.ustr.gov/about-us/press-office/press-releases/2014/May/US- Pakistan-Sign-MOU-Women-Economic-Empowerment-Announce-Joint-Action-Plan-Trade To read the U.S.-Pakistan TIFA Council joint statement, visit: http://www.ustr.gov/about-us/press- office/press-releases/2014/May/Joint-Statement-from-Seventh-Meeting-US%E2%80%93Pakistan-TIFA- Council Secretary Pritzker Announces Next Phase of the National Export Initiative -- NEI/NEXT On Tuesday, U.S. Secretary of Commerce Penny Pritzker announced NEI/NEXT – a data-based, customer service-driven initiative to ensure that more American businesses can fully capitalize on markets that are opening up around the world. Through five core objectives, NEI/NEXT will build on Administration-wide achievements under the NEI to help all businesses reach the 95 percent of consumers who live outside the United States. Under the NEI, the United States has had four straight record-breaking years of exports – hitting an all- time high of $2.3 trillion dollars last year – up $700 billion from 2009. The NEI has been instrumental in strengthening high-level commercial advocacy on behalf of U.S. companies, increasing small business participation in trade events, partnering with regions to develop export plans, expanding strategic partnerships to promote exports, implementing our trade agreements, enforcing U.S. trade rights and driving the most ambitious trade agenda in a generation. For more information, visit: http://www.commerce.gov/news/press-releases/2014/05/13/us-secretary- commerce-penny-pritzker-announces-next-phase-national--0
  5. 5. May 19, 2014 5 NFTC Trade Matters Vol. 15 No. 20 Other News USLBA Welcomes EBRD Decision to Admit Libya as Member On Thursday, the U.S.-Libya Business Association welcomed the news that the European Bank for Reconstruction and Development (EBRD) voted to admit Libya as a member during their Annual Meeting & Business Forum held in Warsaw, Poland, last week. “As strong supporters of Libya’s bid to join the EBRD, we welcome today’s announcement, which marks another important step toward Libya’s further integration into the global economy,” said USLBA Executive Director Chuck Dittrich. “Since 1991 the EBRD has fostered in its member countries the transition toward open and democratic market economies, and Libya’s admittance serves as recognition of the ongoing progress that has been achieved during its democratic transition.” To read the full statement, visit: http://us- lba.org/files/USLBA%20Press%20Release%20on%20Libya%20Admitted%20to%20EBRD%20FINAL%2 05-15-14.pdf Progressive Economy Trade Fact of the Week Click here to view this week’s Trade Fact by Progressive Economy. Programs & Events of Interest U.S. Direct Line Programs Chinese Investment in U.S. Infrastructure May 19, 2014 7:30 p.m. EDT Franchising Opportunities in Uzbekistan May 22, 2014 10:00 a.m. EDT Doing Business in the Oil and Gas Sector in Azerbaijan June 9, 2014 9:00 a.m. EDT In Case You Missed It “Senate Democrats Pick New Trade Fight With Obama” Wall Street Journal May 16, 2014 Senate Democrats are picking another trade fight with President Barack Obama’s administration. This time it is over imported Korean steel pipes -- and once again Majority Leader Harry Reid (D., Nev.) is at the forefront. Mr. Reid is one of 51 senators who signed a letter sent Thursday to Commerce Secretary Penny Pritzker to "express our concerns" with a February Commerce Department determination that exempted South Korea from a list of countries accused of "dumping" steel exports below cost. http://online.wsj.com/article/BT-CO-20140515-711788.html “EU-U.S. Clash Over Financial Services In TTIP” EurActiv May 15, 2014 The US Ambassador to the EU told the European Commissioner for Trade today (15 May) that there is hardly any chance that financial services will be included in a future Transatlantic Trade and Investment Partnership (TTIP). Commissioner Karel De Gucht, responding to a question put by EurActiv at the European Business Summit (EBS), said the EU would continue to push for financial services to be part of
  6. 6. May 19, 2014 6 NFTC Trade Matters Vol. 15 No. 20 the landmark trade deal. But Anthony Gardner said the US Treasury’s position was clear. http://www.euractiv.com/sections/european-business-summit-2014/eu-us-clash-over-financial-services- ttip-302173 “Senior U.S. Official Sees No Final TPP Agreement In Singapore” Reuters May 13, 2014 Pacific trading partners are not expected to reach a final agreement on an ambitious free trade pact at a ministerial meeting in Singapore next week, a senior U.S. official said. The United States and Japan said after a leaders’ summit last month they had found a path forward on access to Japan’s farm and auto markets but gave no details of what was agreed. http://www.reuters.com/article/2014/05/13/usa-trade-tpp-idUSL1N0NZ1WN20140513 “Russia Trade Policy Under Fire At WTO” Reuters May 12, 2014 The European Union accused Russia at the World Trade Organisation on Monday of failing to do anything to reduce trade friction while the United States said Moscow was implementing more trade restrictions. Although Russia and the European Union have both launched two trade disputes at each other in the past year - including one apiece last month - the European Union says Russia’s illegal trade restrictions go beyond the ones already taken to the WTO. http://www.reuters.com/article/2014/05/12/us-wto-russia-idUSBREA4B0IH20140512 Calendar of Events Date Event and Location May 28, 2014 The NFTC 100th Birthday Reception – Washington DC June 10, 2014 International Benefits Committee-New York City (By invitation) June 11, 2014 NFTC Tax Lunch Forum – Speaker: TBA – Washington, DC July 9, 2014 NFTC Tax Lunch Forum – Speaker: TBA – Washington, DC July 9-10, 2014 NFTC Board of Directors Meeting – Baltimore MD July 15-16, 2014 Annual International Human Resources Forum - New York City September 23-25, 2014 Expatriate Management Committee - Dearborn, MI (By Invitation) October 16-17, 2014 NFTC Fall Tax Committee Meeting– Washington, DC October 16, 2014 International Benefits Committee - New York City (By Invitation) November 5, 2014 NFTC Tax Lunch Forum – Speaker: TBA – Washington, DC November 13, 2014 International Compensation & Benefits Committee – Houston TX (By Invitation) December 3, 2014 NFTC Tax Lunch Forum – Speaker: TBA – Washington, DC December 3, 2014 World Dinner and Award Ceremony – Centennial Celebration – Washington DC *Note: The WTO Committee Meetings, Trade Committee Meetings, Expatriate Management, Global compensation, International Assignment Management, and International Benefits Committees are by invitation only. For information about them please contact NFTC at (202) 887-0278 or e-mail nftcinformation@nftc.org
  7. 7. May 19, 2014 7 NFTC Trade Matters Vol. 15 No. 20 Links • National Foreign Trade Council www.nftc.org • USA*Engage www.usaengage.org/ • Global Innovation Forum @ NFTC www.globalinnovationforum.com/ • U.S.-Libya Business Association www.us-lba.org • Office of the U.S. Trade Representative www.ustr.gov/ • U.S. Department of Commerce www.doc.gov/ • U.S. Foreign Agricultural Service www.fas.usda.gov/ • International Trade Administration www.ita.doc.gov/ • Federal Trade Statistics www.fedstats.gov/ • U.S. Census www.census.gov/ • U.S. Department of State www.usinfo.state.gov/ • U.S. Export Portal www.export.gov/cnusa/ • California Institute for Federal Policy Research www.calinst.org • California Chamber of Commerce www.calchamber.com/ • Public Policy Institute of California www.ppic.org/ • CalTrade Report www.caltradereport.com • National District Export Council www.districtexportcouncil.com • Commercial News USA www.thinkglobal.us Trade Matters© is a weekly summary of news and events on the trade policy front for members of the National Foreign Trade Council and subscribers. To subscribe to Trade Matters or you have suggestions for articles, please e-mail us at nftcinformation@nftc.org Thank you 2014© National Foreign Trade Council 1625 K Street, NW, Suite 200 Washington, DC 20006 Phone: (202) 887-0278|Fax: (202) 452-8160 Email: nftcinformation@nftc.org Please follow us on:
  8. 8. May 19, 2014 8 NFTC Trade Matters Vol. 15 No. 20

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