At a meeting of the President’s Export Council (PEC) on June 6, PEC adopted five letters of recommendation addressing: export control and proposed provisions of the International Traffic in Arms regulations; the importance of the Transatlantic Partnership Agreement; the establishment of permanent normal trade relations with Russia; federal, state, and local coordination efforts on export promotion; and travel and tourism. PEC urged the President to proceed with 38(f) notifications to Congress with respect to the Export Control Reform initiative, expressed concern with a upcoming State Department proposed rule on arms brokering, and said the President should begin negotiations with the EU on a Transatlantic Partnership by the end of 2012.
Mexico's Diario Oficial of June 8, lists notices from the Secretary of the Economy as follows:
Advanced and developing countries disagreed on what priority to give to counterfeit goods at a June 5 meeting of the WTO Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS), said the World Trade Organization.
The rising tide of restrictive trade measures over the past seven months is a “matter of serious concern,” said World Trade Organization Director Genera Pascal Lamy at an informal meeting of heads of delegations June 7, and “this situation is adding to the downside risks to the global economy and what is now a volatile global context.”
A World Trade Organization dispute settlement panel found the use of zeroing by the U.S. in the antidumping investigations on frozen warmwater shrimp and diamond sawblades from China (A-570-893 and A-570-900, respectively) to be inconsistent with U.S. WTO obligations, announced the WTO. Specifically, the panel found in United States -- Anti-Dumping Measures on Certain Shrimp and Sawblades from China (DS422) that the measures are inconsistent with Article 2.4.2 of the WTO Antidumping Agreement.
The Millennium Challenge Corporation reported for the quarter January 1, 2012 through March 31, 2012, on foreign assistance provided under section 605 of the Millennium Challenge Act of 2003, and on transfers or allocations of funds to other federal agencies under section 619(b) of the Act.
The U.S.-China Economic and Security Review Commission announced a hearing on June 14 in Washington, D.C. This hearing, the USCC's sixth during its 2012 report cycle to collect input from academic, industry, and government experts on national security implications of the U.S. bilateral trade and economic relationship with China, will address contemporary Chinese trade and investment challenges, and will include testimony on the implications of employing value added measurements of trade; the BIT and the U.S. investment regime; as well as case stories of U.S. companies’ China trade challenges. Written statements are due from interested parties by June 14. Reservations are not required to attend the hearing.
The International Trade Commission is publishing notices in the June 8 Federal Register on the following AD/CV injury, Section 337 patent, and other trade proceedings (any notices that warrant a more detailed summary will appear in another ITT article):
The International Trade Commission voted to institute an investigation of certain radio frequency integrated circuits and devices containing same (337-TA-848). The products at issue in this investigation are radio frequency (RF) circuits, including RF switches, that allow users to transmit and/or receive wireless signals more efficiently while consuming less power, and cellular handsets incorporating such RF circuits.
The International Trade Administration published notices in the June 8 Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, the scope, affected firms, or effective dates will be detailed in another ITT article):