According to The Journal of Commerce (JoC), rules of origin under the North American Free Trade Agreement (NAFTA) are so complex that many companies are forgoing NAFTA benefits, as they feel that the duty savings under NAFTA are not worth all the effort of compliance, such as obtaining manufacturers' affidavits from each supplier. (JoC, dated 02/16/04-02/22/04, www.joc.com)
The Journal of Commerce (JoC) reports that California Assemblyman Alan Lowenthal has proposed legislation to charge a premium fee for daytime use of the Los Angeles and Long Beach marine terminals, which would make shippers pay for extending the life of existing infrastructure. The article notes that the fee is also designed to push more truck traffic into off-peak hours, thereby reducing congestion on the freeway and at terminal gates. (JoC, dated 02/09/04-02/15/04, www.joc.com)
The Office of the U.S. Trade Representative (USTR) has issued a notice announcing the product petitions that have been accepted for further review in the 2003 Generalized System of Preferences (GSP) Annual Review.
The Committee for the Implementation of Textile Agreements (CITA) has issued a notice requesting public comments by March 5, 2004 regarding a "commercial availability" petition it received under the U.S.-Caribbean Basin Trade Partnership Act (CBTPA) from Oxford Industries, Inc.:
The Office of the U.S. Trade Representative (USTR) has issued a notice announcing that the U.S. intends to initiate free trade negotiations with Colombia, Peru, Ecuador, and Bolivia (Andean countries). (See ITT's Online Archives or 11/26/03 news, 03112620, for BP summary of USTR's press release announcing its Congressional notification on this matter.)
WTO News states that the World Trade Organization's (WTO) General Council has given Cambodia another six months (to March 31, 2004) to ratify its membership agreement and join the WTO. (WTO News, dated 02/11/04, available at http://www.wto.org/english/news_e/news04_e/gc_cambodia/11Feb04_.e.htm
The Office of the U.S. Trade Representative (USTR) has issued a press release announcing that USTR Robert Zoellick formally notified Congress, on behalf of the President, of the Administration's intent to initiate negotiations for a free trade agreement (FTA) with Thailand.
Reuters has reported that U.S. lawmakers are unlikely to repeal export tax subsidies that violate global trade rules in time to avoid punitive European Union (EU) trade sanctions on billions of dollars of U.S. goods. According to Reuters, the EU plans to impose a 5% duty on more than $4 billion worth of U.S. exports beginning March 1, 2004 if President Bush has not signed legislation repealing the Foreign Sales Corporation-Extraterritorial Income (FSC-ETI) tax regime. (Reuters Pub 02/13/04, available at http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4355783)
The State Department's Washington File has reported that trade officials from the 34 democratic nations of the Western Hemisphere were unable to craft a common and balanced set of rights and obligations for the Free Trade Area of the Americas (FTAA) and agreed to recess on February 6, 2004. According to the Washington File, a U.S. trade official has stated that FTAA negotiations are set to resume in March. (Washington File Pub, dated 02/09/04, available at http://usinfo.state.gov/xarchives/display.html?p=washfile-english&y=2004&m=February&x=20040209170029ASrelliM0.971554&t=livefeeds/wf-latest.html)
According to the Washington File, the State Department has stated that few of the 27 nations participating in the U.S. Visa Waiver Program (VWP) have indicated that they would be able to meet an October 26, 2004 deadline requiring that they issue machine readable passports that incorporate biometric identifiers. Under the VWP, citizens of the 27 countries are able to enter the U.S. for tourism or business for 90 days or less without obtaining a visa. (Washington File Pub 02/03/04, available at http://usinfo.state.gov/topical/pol/terror/texts/04020305.htm)