The Trans Pacific Partnership (TPP) can and should serve as a model for an innovation-centric trade agreement, promoting economic growth for all member countries. But to do so it must protect intellectual property, eliminate non-tariff barriers to trade, and ensure the free flow of information across borders. Anything less is unacceptable.
Concluding a High Standard, Innovation-Maximizing TPP Agreement
The TransPacific Partnership (TPP) should be designed to maximize innovation in the United States and the other 11 participating Asia-Pacific countries. However, it will only do so if it both includes and holds the nations that sign it to the very highest standards, including those regarding intellectual property rights protection; liberalized trade in services; transparency and openness in government procurement; restrictions on preferential treatment toward state-owned enterprises; elimination of a host of non-tariff barriers, including barriers to foreign direct investment; and at least equal, if not greater, emphasis on enforcement as on market access.
The Explosive Rise of Subsidies to Chinese Industry
Chinese mercantilism has cost the U.S. a significant share of manufacturing job loss and this loss has had ripple effects to other sectors as U.S. manufacturers and their workers cut their spending. These massive subsidies also distort the global location of and nature of production systems, resulting in production that is most efficiently done in another nation to be inefficiently done in China. Fundamentally the only real solution to this problem is for the world trading community to say enough is enough and put in place tougher policies that make it less beneficial and practical for China to continue along its current path.
Update: Trade Promotion Authority Still in Danger
TPA allows the President to “fast-track” trade agreements for approval or disapproval by Congress by removing the option for filibuster. But without it's renewal, the United States runs the risk of becoming a bystander in the ever increasing race towards globalization.
Blah-humbug: Leaked Trade Agreement Shows (Surprise!) U.S. Looking Out for Its Interests
After a careful analysis of the leaked Wikileaks TransPacific Partnership intellectual property chapter, it turns out the United States isn’t trying to limit Internet freedom as alarmists would lead you to believe, but rather trying to elevate the standards of its participating member countries.
Top Competitors Continue to Outinvest the United States in Export Credit Financing
The United States’ Export-Import Bank (Ex-Im Bank) fills an important role in leveling the playing field for U.S. exporters by matching credit support that other nations provide to their exporters, thus ensuring that U.S. exporters are able to compete against foreign competitors based on the quality and price of their products and services, and not loose sales because a foreign government has helped a foreign competitor by providing superior financing terms to a potential buyer. Unfortunately, America’s top competitors in Europe and Asia invest significantly more in export credit financing than the United States as a share of their economies, and—in China’s and Korea’s case—even current dollars. This blog reports the latest comparative data on countries’ investments in export credit finance.
The Healthcare Battle You Don’t Know About
Wrapped up in the negotiations for the Trans-Pacific Partnership (TPP) is the issue of intellectual property protections and whether U.S. trading partners will be able to “free-ride” on American innovation. Failing to properly protect intellectual property in the TPP not only affects the U.S. economy, but will also have a lasting impact on patient health.
Trade Liberalization Enhances Economic Growth: New Evidence
Using data from the Annual Social Information Report and the Brazilian Occupational Classification, a new paper compares the change in the demand for either “routine” or “non-routine” tasks before and after the repeal of the “Informatics Law” in Brazil to the percentage of workers using computers.