The TPP: Almost There
It took more than five years, but the Trans-Pacific Partnership (TPP) is now near the finish line. Congressional passage of Trade Promotion Authority (TPA) earlier this summer gave U.S. officials the mandate to conclude the TPP talks and revived procedures to expedite its ratification. The trade pact could be signed later this year. The TPP … Read more
Fast Track? Not So Fast
As his presidency nears a close, Barack Obama hopes the Trans-Pacific Partnership (TPP) will be one of his key legacies. Despite his vocal skepticism about free trade agreements during his first campaign for the presidency, Obama now argues that the TPP, which aims to reduce barriers to trade among 12 countries bordering the Pacific (with … Read more
Mexico Goes Global
Given the lack of progress on global trade talks in recent years, the future of international trade likely depends on regional initiatives. Mexico is well-placed to be a standard bearer. Over the past two decades it has become a major global trading power, boasting a network of free-trade agreements with 44 countries. It is also … Read more
Sink or Float: Mercosur and the Pacific Alliance
Since the creation of the Pacific Alliance in April 2011, observers have often compared it to the older Mercosur (Southern Common Market). In a January 2014 Wall Street Journal article, David Luhnow likened the two trade blocs to “two Latin Americas”—one (Mercosur) comprising state-oriented countries and the other (the Pacific Alliance) characterized by an affinity … Read more
Trade Is Back!
Articles: Ask the Experts: Trade is Back! by Ann Lee, John Manley, Shihoko Goto and Antoni Estevadeordal How can Latin American economies better engage global trade partners as they recover from the end of the commodities boom? Full text available. Charticle: How We Trade in the Hemisphere by Barbara Kotschwar and Nicolas Albertoni For the … Read more
This Week in Latin America: Immunity in Guatemala—the Pope Visits—Pipeline Attacks in Colombia—Debt Crisis’ Wide Reach
Here’s a look at some of the stories we’ll be following this week: Corruption Scandals in Central America: Guatemala’s legislature will vote this week on whether to strip President Otto Pérez Molina of presidential immunity. The vote may open the door to prosecution as part of an ongoing corruption investigation involving the country’s customs authority … Read more
Monday Memo: Mexican Elections—G7 Climate Summit—EU-CELAC Summit—Argentine Debt—Honduras Protests
This week’s likely news stories: Mexico’s ruling party wins the congressional elections; Canada and Japan block a G7 statement on carbon emissions; Latin American officials to discuss Mercosur at EU-CELAC Summit; Argentina’s debt inflates after U.S. court ruling; protestors demand Honduran president’s resignation. Mexico’s Ruling Party to Maintain Majority in Lower House after Elections: Despite … Read more
Rousseff Signs Investment Agreements with Peña Nieto
Brazilian President Dilma Rousseff met Tuesday with Mexican President Enrique Peña Nieto in Mexico City to foster a closer relationship between the two largest markets in Latin America and the Caribbean. This event was Rousseff’s first official visit to Mexico since she first became president in 2011. Rousseff kicked off her official visit to Mexico … Read more
Mexico and Canada Threaten U.S. with Sanctions over Meat-Labeling Rule
Mexico and Canada won a final appeal from the World Trade Organization (WTO) yesterday, when the trade body upheld an early decision that found that U.S. country-of-origin labeling (COOL) requirements for meat products violated international trade law. Both countries have warned that they may pursue punitive measures against U.S. exports unless the requirement, which was … Read more
U.S. Senate Votes Against Fast Track for Trans-Pacific Partnership
The U.S. Senate voted 52-45 on Tuesday against a bill that would grant President Barack Obama a “fast track” to close the Trans-Pacific Partnership (TPP) deal. This outcome not only marks a defeat for one of Obama’s trade priorities, but also highlights the challenges he faces within his party ranks. The TPP is a multilateral trade agreement among 12 countries … Read more
Monday Memo: U.S.-Colombia Talks—Guatemala Protests—Buenos Aires Primaries—Puerto Rico Downgrade—Texas Delegation in Cuba
This week’s likely top stories: U.S.-Colombia Fifth Annual Bilateral Meeting; Protesters denounce corruption in Guatemala; Primaries for local elections held in Buenos Aires; S&P downgrades Puerto Rico; and Texas trade delegation visits Havana. High-level Colombia-U.S. Talks on Mutual Cooperation: The U.S. and Colombia will hold high-level bilateral talks today in Bogotá, Colombia at the office … Read more
Argentine President Fernández de Kirchner to Meet with Russian CEOs, Putin
Today, Argentine President Cristina Fernández de Kirchner will kick off her state visit to Russia with a meeting of members of the Russian and Argentine business communities in Moscow. Fernández de Kirchner and Russian President Vladimir Putin are scheduled to meet on Thursday to review and follow up on a series of trade, energy and … Read more
Monday Memo: Summit of the Americas—Venezuela–U.S. relations—Citibank Inspection—Bolivian Missile Trial—Canada-Venezuela Oil
This week’s likely top stories: The Summit of the Americas commences in Panama; petition criticizes U.S. action against Venezuela; Argentine Central Bank inspects Citibank; TSJ initiates missiles trial in Bolivia; Canada and Venezuela discuss investment in Venezuelan oil. Americas Summit Begins This Week in Panama: The seventh Summit of the Americas will take place this … Read more
Stay on the Korean Wave, Latin America
The perception Korea once held of Latin America—of lazy workers and inefficient governments—has drastically changed today. From an entire floor dedicated to South Korean music, cuisine and clothes at a mall in Peru, to the first Korean Cultural Center in Argentina, to the United States Ambassador to Costa Rica singing and dancing to Psy’s Gangnam … Read more
