Two top Trump administration agricultural officials said “substantial and immediate purchases” of U.S. agricultural goods are hinging on several current trade deals, but said they haven’t been told of any plan by Mexico to “immediately” purchase large amounts of U.S. agricultural goods, as President Donald Trump alluded to in a June 8 tweet.
Vietnam Customs recently issued a deployment plan for its commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a June 12 report on Vietnam Customs' CustomsNews website. Under the plan, Vietnam Customs will develop a circular guiding implementation of CPTPP provisions on inspection and determination of country of origin for imported and exported goods, and with the Vietnamese Ministry of Industry and Trade will develop a decree on verification of country of origin of imported goods, customs cooperation and preferential tariff rates, according to an unofficial translation of a Vietnam Customs press release. CPTPP entered into force Dec. 30, 2018, for the first six countries to ratify the agreement -- Canada, Australia, Japan, Mexico, New Zealand and Singapore – and entered into force Jan. 14, 2019, for Vietnam.
President Donald Trump has threatened to put tariffs on Mexico's auto exports despite a side letter -- already in force -- expressly prohibiting such an action. Then, he decided to put tariffs on all Mexican imports to force Mexico to stop migrants from coming to the U.S. to claim asylum.
Adding in the unaffiliated African countries to the African Continental Free Trade Agreement remains an important step for the deal, said Giovanie Biha, the deputy executive secretary of the United Nation's Economic Commission for Africa in an ECA news release. “AfCFTA legally entered into force but for it to deliver its transformative economic potential, the signatory countries -- and the few countries that have not yet signed -- must rapidly join and ratify the Agreement to ensure that the continent moves forward together as one entity,” Biha said during a meeting of the African Ministers of Trade. Biha said "difficult decisions," including tariff offer scheduling and finalized rules of origin, still need to be made and "compromises sought, as we transform the AfCFTA legal text into an operable instrument." Albert Muchanga, commissioner for trade and industry of the African Union Commission, said "the AfCFTA is a continuation of a long journey that started with the establishment of Regional Economic Communities as building blocks of the African Economic Community. From here, Africa has to move to the next stages of customs union, common market, monetary union and eventually African Economic Community.” The African Ministers of Trade will next meet in July at the Niamey African Union Summit.
The future for international trade with Canada is closely aligned with what will happen in the U.S. on several fronts, Canada-based law firm Bennett Jones said in its spring 2019 economic outlook report. The likelihood of passing an updated NAFTA recently got a boost through the end to U.S. tariffs on steel and aluminum from Canada and Mexico and the retaliatory tariffs from those two countries, the law firm said. Still, the U.S. said it expects monitoring and surge prevention related to steel and aluminum, though it remains unclear exactly how this will occur. "It is not unlikely that difficult bilateral discussions still lie ahead, although it is to be hoped that the Americans would not readily reimpose these tariffs," the firm said.
China is preparing to allow Belarus “greater access” to its markets, according to a June 11 report from Belarus News, which cited comments made by Cui Qiming, China’s ambassador to Belarus. Cui said China is expanding market access for a range of states and will “keep promoting diversification of trade,” the report said. The ambassador also briefly touched on the U.S.-China trade negotiations, saying the dispute has caused “great concern in the international community” and that the U.S. is trying to intimidate multiple countries with tariff threats, including China, the European Union, Japan and Mexico.
President Donald Trump may institute tariffs on goods from Mexico after withdrawing them if the Mexican legislature doesn't approve a part of the deal between the two countries, he said in June 10 tweets. "We have fully signed and documented another very important part of the Immigration and Security deal with Mexico, one that the U.S. has been asking about getting for many years. It will be revealed in the not too distant future and will need a vote by Mexico’s Legislative body!" he said. "We do not anticipate a problem with the vote but, if for any reason the approval is not forthcoming, Tariffs will be reinstated!" The two sides reached a deal on June 7 to avoid the tariffs (see 1906070081) with Mexico agreeing to play a bigger role in handling of migrants from Central America who seek asylum in the U.S., the two countries said in a June 7 joint statement.
In the June 7 edition of the Official Journal of the European Union the following trade-related notices were posted:
The U.S. Department of Agriculture' Foreign Agricultural Service on June 6 issued a guidance for the exclusion process for Chinese tariffs on U.S. exports, including an unofficial translation on the Chinese Ministry of Finance's exclusion application instructions. Among a list of directives, the guidance encourages industry associations to apply for exclusion on their members’ behalf. While USDA said China’s window for accepting applications for its published list of products will end July 5, it said China is planning to publish an additional list of goods eligible for tariff exclusions with an application window from Sept. 2 through Oct. 18.
Big agriculture purchases may be part of a deal with Mexico to stop tariffs from going in place as scheduled for June 10, President Donald Trump said in a June 7 tweet. "If we are able to make the deal with Mexico, & there is a good chance that we will, they will begin purchasing Farm & Agricultural products at very high levels, starting immediately," he said. "If we are unable to make the deal, Mexico will begin paying Tariffs at the 5% level on Monday."