Since the enactment of AGOA in 2000 about 90 percent of exports from Africa to the United States are from natural resources, mainly oil, and this article explains why it is important for Africa to diversify its exports. To read more Click here.
Archive for month: October, 2013
U.S. Policies Deter Inward and Encourage Outward Business Investment talks of the capacity for the United States to be a magnet for both foreign and domestic investment, and the failure of policy makers to recognize the problem of reduced FDI. ?To read more Click here
The United States is in the process of negotiating investment rules in several of its trade initiatives and is also considering new investment treaties. This recent activity in the area of investment rules provides an opportunity for reevaluation.? This full evaluation is available in Liberalization or Litigation? Time to Rethink the International Investment Regime at http://www.cato.org/publications/policy-analysis/liberalization-or-litigation-time-rethink-international-investment. The current rules are not well calibrated to liberalizing foreign investment. Instead of offering a simple and direct policy of liberalization, they incorporate vague legal principles that provide numerous opportunities for litigation, and in doing so they undermine the more basic principle of treating foreign and domestic investment equally. If international rules are to be used at all in this area, a focus on nondiscrimination, and a more flexible legal framework, would be preferable to the existing system. To read more Click here.
One of the largest challenges in the TTIP negotiations is the dispute over Genetically Modified Organisms.? Yet recently a report by the European Academies Science Advisory Council stated that studies linking GMO?s to adverse effects are based on ?contested science.?? This could therefore be the time for the US agricultural industry to lobby the United States government over the TTIP, and to work towards changing European perceptions of GMO?s. Click here
There is currently an issue brewing in South Africa over the proposed increase in customs duties on imported chicken.? Association of Meat importers and Exporters chief executive David Wolpert warns that these duties could result in a 305 to 50% increase in chicken prices.? The argument centers on whether the increase in price due to the customs duties will be passed onto the consumer, as the total quantity of imports represents 12% of the total poultry soul in South Africa. You can access the report, Chicken Prices Set to Rise After Tariff Increase, by clicking here.
Canada?s tariffs on agricultural products are among the highest of the food exporting nations, with tariffs as high as 246.8% on dairy imports.? The article Canada Hurting Itself with Protectionist Practices in Agriculture: Report explains that while Canada has entered into many new trade talks they have failed to address the highly-protected agricultural sector. Addressing this problem would be beneficial for Canada?s economy in the future. ?To read more Click here
In a response to falling airline traffic Spain will cut tariffs that airlines pay to use the country?s airports and remove the charge entirely in some cases. To learn more of the specifics of this proposal click here.
In breaking news during the bilateral talks to reach an economic partnership agreement, The European Union announced it is ready to eliminate tariffs on Japanese auto parts in exchange for Japan ending import duties on a range of European food items. To read more Click Here.