U.S. Commerce Secretary, Gary Locke, hosted a meeting for North America’s Industry Ministers. Tony Clement, Canada’s Minister of Industry, and Bruno Ferrari, Mexico’s Secretary of Economy, were in attendance. They discussed the importance of trilateral cooperation on issues such as the National Export Initiative. The leaders agreed to identify ways to encourage small and medium-sized firms to export their goods and services. Secretary Locked added:
Canada, the United States, and Mexico have a sophisticated and robust trade relationship because of NAFTA…Because our businesses already cooperate in the production of goods and delivery of services, we must work together to develop strategies that will benefit these businesses and the workers of this region.
According to American Shipper, trilateral trade among the NAFTA partners totaled more than $735 billion in 2009. (An increase of 148% since the year before NAFTA’s implementation.)
Since President Obama unveiled The National Export Initiative there has been a renewed focus on global trade management and compliance. AberdeenGroup has invited distinguished industry executives to discuss global trade management initiatives and practices within their enterprises around Foreign Trade Zones, Restricted Party Screening, 10+2, and other initiatives. They will also highlight the following key topic areas:
- Understanding the pros and cons of FTZs and other duty reduction provisions
- Lowering your overall Landed Costs
- Improving Import/Export document generation
The webinar will take place from 4-5pm on December 2. Sign up today!
China’s Ministry of Commerce has announced that it has decided to extend antidumping and antisubsidy investigations into US-made off-road vehicles and sedans with an engine displacement of 2.0 liters and above. The extension is for six months, until May 6, 2011. China launched the probes on November 6, 2009, after the China Association of Automobile Manufacturers complained that US car makers had unfairly benefited from 31 government subsidy programs.
Posted by Caroline
Categories: Trade Watch
| Tagged: Antisubsidy