Former Trans-Pacific Partnership negotiator Wendy Cutler told an audience for an Atlantic Council webinar that the U.S. cannot rejoin even a renegotiated TPP in the next two years, and maybe not during the next four. Cutler, a vice president of the Asia Society Policy Institute, said that the administration should try to ink mini-deals with TPP countries on digital trade, like it did with Japan, and said that maybe there can be coordination on supply chains or climate and trade. Cutler was also chief negotiator on the Korea free trade agreement.
A free trade agreement between Serbia and the Eurasian Economic Union has been ratified and is expected to take effect in June, KPMG said in an April 27 post. The deal will provide preferential tariff quotas for certain types of cheese, alcohol and cigarettes, and liberalize certain Serbian imports of EAEU products, including “taps and valves for pipelines.” The agreement will also revise rules of origin procedures to allow certain customs duty exemptions to apply when trade intermediaries are involved. EAEU countries are Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.
At a webinar on U.S.-Vietnam economic relations, Ambassador Ha Kim Ngoc said Vietnam is working to narrow the trade deficit with the U.S., whether by buying more American agricultural exports or encouraging Vietnamese businesses to open factories in the U.S. "I don’t think we can solve the problem overnight, with COVID-19 and the increased demand of the goods from Southeast Asia, and particularly Vietnam," he said April 27.
Former U.S. negotiators for the Environmental Goods Agreement at the World Trade Organization say the collapse of talks in 2016 means trying again with the countries that are major players in solar panels, wind turbines and the like is not likely to be productive this year. Mark Linscott, former assistant U.S. trade representative at the WTO, said he thinks even getting the fisheries subsidies deal done in Geneva this year is “dicey.” He recalled that it seemed promising when a plurilateral approach was taken on EGA, and China, when it was in the rotating chair at the G-20 group of nations, it pushed for a ministerial statement on the EGA that said it had found a landing zone, and the countries would “aim to conclude ... an ambitious, future-oriented EGA that that seeks to eliminate tariffs on a broad range of environmental goods by an EGA Ministerial meeting to be held by the end of 2016.”
U.S. Trade Representative Katherine Tai's conversations with her counterparts from Italy and the Netherlands addressed global overcapacity in steel, according to summaries of the video calls released April 16. The administration has suggested that Section 232 tariffs on aluminum and steel cannot be removed until overcapacity has been addressed, even when the countries subject to those tariffs are not dumping steel or aluminum in their exports to the U.S.
European Union Trade Commissioner Valdis Dombrovskis, in a Der Spiegel interview published April 10, said that the EU has offered to lift its retaliatory tariffs in response to 25% tariffs on EU steel and 10% tariffs on EU aluminum, while they try to resolve the overcapacity problem. “We have proposed suspending all mutual tariffs for six months in order to reach a negotiated solution,” Dombrovskis said, according to the EU press office in Washington. “This would create a necessary breathing space for industries and workers on both sides of the Atlantic,” he said.
U.S. Trade Representative Katherine Tai and Kenya's trade minister, Betty Maina, talked about the bilateral negotiations conducted during the previous administration, according to a readout of the April 1 call. “Ambassador Tai highlighted her ongoing review of the negotiations to ensure that any agreement aligns with the Biden-Harris administration’s Build Back Better agenda,” the summary said. Maina tweeted, “It was a great pleasure to meet with @AmbassadorTai the United States Trade Representative to take stock of our strategic relationship and trade. I welcome the invitation to work together on shaping mutually beneficial trade relations between Africa and the US post [African Growth and Opportunity Act (AGOA)].”
U.S. Trade Representative Katherine Tai, in a video call April 1 with Vietnam's trade minister, Tran Tuan Anh, “highlighted the Biden Administration’s concerns about currency practices covered in the ongoing Section 301 investigation,” according to a readout of the call. In a tweet after the call, Tai said, “I ... urged Vietnam to address U.S. concerns on currency practices covered in the Section 301 investigation.” Tai said the two committed to increased collaboration, and plan to hold a meeting later this year under the Trade and Investment Framework Agreement “to assess progress made in strengthening the trade relationship and in resolving outstanding bilateral issues,” which also include agricultural market access, digital trade and illegal timber trafficking.
U.S. Trade Representative Katherine Tai held a video call with Turkey's trade minister, Ruhsar Pekcan. Pekcan apparently brought up Section 232 tariffs on Turkish steel, and according to the U.S. readout, Tai and Pekcan talked about ways to coordinate on “the global overcapacity of steel and aluminum.” Tai also discussed with Pekcan how to coordinate on digital services taxation, and opportunities to increase market access for U.S goods in Turkey and vice versa.
Trade ministers from the G-7 countries told World Trade Organization Director-General Dr. Ngozi Okonjo-Iweala that they will provide political momentum to the WTO reform debate, during an online meeting March 31. “The multilateral trading system can be a force for good. It has increased competition and economic growth, helped raise living standards, and lifted millions out of poverty. It must serve the needs of all its members and provide the basis for free and fair trade. G7 Trade Ministers recognised that global trade should work for democratic and open-market systems and that these should not be undermined by unfair trade,” the joint statement of the trade ministers said. The United Kingdom hosted the call. The ministers agreed that the WTO needs to strengthen transparency, change the approach to special and differential treatment for developing countries, and reform dispute settlement.