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INDUSTRY NEWS

April 16, 2015

Timing a Challenge For TPP Passage

Adding to the challenge of passing the most comprehensive trade agreement in U.S. history is the coincidence with the 2016 presidential election. With negotiations concluded, the next steps are the mechanics of approval of a U.S. treaty by Congress. The United States Trade Representative has made the required request of the non-partisan U.S. International Trade Commission (US ITC) to report […]
April 16, 2015

Obama Administration Must Rebuild TPP Coalition

Although negotiations are now finished between the twelve nations of the Trans-Pacific Partnership, at least one key ally in the US must be brought back into the fold before the measure could hope to successfully navigate adoption in the U.S. The Chairman of the Senate Finance Committee, Senator Orrin Hatch, was an early supporter of the TPP based on a […]
April 16, 2015

TPP Future Uncertain

Negotiators from 12 countries finally agreed on a comprehensive trade deal to reduce barriers to exports and imports in the Pacific Rim.  During meetings earlier this month in Atlanta, representatives from Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam met with the U.S. Trade Representative to hammer out the final details of the Trans-Pacific […]
April 16, 2015

Chinese Port Disaster Highlights Benefits of Reshoring

A recent explosion and fire in Tianjin killed 150 people, injured at least 700, and may have spread toxic chemicals over a large area of this city just south of Beijing. The impact on operations at the nearest port to the Chinese capital must factor into the decision on where to locate manufacturing and assembly operations for goods sold in […]
April 16, 2015

TPP Article Published in The Manzella Report

Aug062015 This article examines the effects of recent trade sanctions imposed in Russia to demonstrate the benefit free trade agreements like the Trans-Pacific Partnership will have for consumers and the economy in the U.S. The Federal Reserve’s recent decision to forestall interest rate increases should give Congress the impetus to pass the Trans-Pacific Partnership on behalf of the U.S. economy. This […]
April 16, 2015

TPP Negotiators Fail To Reach Agreements

Despite the optimism and time pressure going into the latest round of Trans-Pacific Partnership (TPP) negotiations, no agreement was reached by the conclusion of the talks last week in Maui. Because TPP will drastically reduce duty rates and eliminate merchandise processing fees (MPF) on products from some of this country’s largest trading partners, the TPP is likely to have a […]
April 16, 2015

Mitsubishi Ends US Auto Assembly

Mitsubishi Motors Corp. President and COO Tetsuro Aikawa confirmed plans to end output at its sole North American plant in Normal, Illinois, and serve the U.S. market from factories in Japan and Thailand. According to a report by Reuters, at its peak in the early 2000s, the Normal plant built more than 200,000 cars a year, while in calendar 2014 […]
April 16, 2015

Lydon to Present VMI Techniques at Fall Conference

On Tuesday, September 29, 2015 Sean Lydon will be giving an advanced conference session on “Vendor Managed Inventory” for users of the US Foreign-Trade Zones program at the Annual Conference of the National Association of Foreign-Trade Zones in Hollywood. California.  Among the detailed practices discussed will be: • Optional Methods for Implemeting VMI in Foreign-Trade Zones • What Types of […]
April 16, 2015

International Trade Makes Strange Bedfellows

The month of June started out poorly for President Obama who was outflanked by House Democrats concerned about job losses tied to increases in imports.  Led by House Speaker Nancy Pelosi, the House was able to crush the President’s first attempt to pass Trade Promotion Authority, his top legislative priority and a necessary precursor to final negotiations with Asia and […]
April 16, 2015

FTZ Board Awaiting Grantee Comments

During meetings with Grantees from around the country, US Foreign-Trade Zones Board Executive Secretary Andrew McGilvray noted that the Board had not received any direct feedback on its action to add a waiver to the beginning of each US FTZ’s Zone Schedule prior to posting the Zone Schedule on the Board’s website.  Mr. McGilvray met earlier this month in Tampa, […]

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