Trade law news roundup from Law360: Panama wins a WTO case against Guatemala as the latter failed to show that its increased tariffs were justified on the grounds of money laundering prevention. IMF allows the Chinese Renminbi (RMB) to be included in the “Special Drawing Right” category of currencies from October next year, joining the Dollar,… Continue reading Tariffs, TPP, Tokes and Terrorism.
The irony in the title is that while the 1987 Robbin Williams starrer was based on the US war in Vietnam during the 60s and 70s, this post is about a 21st Century trade pact where the former is still trying to “make the world more like them“. Let me explain. The United States is one of the few… Continue reading Part II: Good morning, Vietnam!
The TPP is definitely the talk of the town. It’s mentioned everywhere. In newspaper op-eds to academic articles. You may have heard of it – a massive “free-trade” pact between 12 (majorly pacific-rim) countries, spearheaded by the United States. Apart from Vietnam, Trans-Pacific Partnership (TPP) members include countries like New Zealand, Australia, Brunei, Singapore, Peru and Mexico. The double-quotations around the… Continue reading Let’s talk about the TPP: Part I
Japan Times reports that Japan has agreed to review its policy on pork-imports with respect to the tariffs imposed. A brief discussion on the US-Japan standoff can be found here and here. It seems that Japan has finally come around to understanding that it stands to reap massive benefits if it is able to pull… Continue reading Part III: Japan takes a step forward, ready to lower pork tariff for the TPP
Starting today, the dozen countries involved in the Trans-Pacific Partnership (TPP) will begin a new round of talks in Ho Chi Minh City. The four day meeting will be followed up with a ministerial gathering from 19th to 20th May in Singapore. The centre of attention will be the US-Japan deadlock, while the other 10 countries, including Australia… Continue reading Part II of the US-Japan sage: Follow up on TPP talks in Vietnam
The Transatlantic Trade Partnership has become the focal point of several debates recently. I’ll try and take up a post on them soon. Here’s the plot in brief: The story begins in 2005. Brunei, New Zealand, Chile and Singapore entered into the Trans-Pacific Strategic Economic Partnership Agreement (TPSEPA) to promote regional trade and increase development… Continue reading Clash of the Titans: Why China is miffed with the TPP