Executive Briefings

Obama Calls for More Enforcement on Trade Deals

The Obama administration has used a flurry of tough-sounding trade enforcement announcements in recent weeks to counter complaints from the left and right that free trade is not fair trade - and to assist President Obama in the struggle to win approval of his trade pact with 11 Pacific Rim nations.

Obama Calls for More Enforcement on Trade Deals

As evidence that past trade agreements are being policed, Obama and his cabinet members have trumpeted new complaints filed against nations alleged to be cheating, as well as the administration's latest victories in previous cases taken to the World Trade Organization, the referee of global commerce.

Days apart in September, for example, actions were taken against Chinese grain exports, India’s barriers to solar-power parts, European subsidies for airliner manufacturing and foreign fishing subsidies. On Monday, the administration announced that it would press the W.T.O. for a special hearing demanding “the rapid enforcement” of the organization’s favorable rulings on exports of airliners and solar products.

With each announcement, administration officials have added a good word for the pending Trans-Pacific Partnership agreement, arguing that it would raise trade standards and provide more tools to enforce them.

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As evidence that past trade agreements are being policed, Obama and his cabinet members have trumpeted new complaints filed against nations alleged to be cheating, as well as the administration's latest victories in previous cases taken to the World Trade Organization, the referee of global commerce.

Days apart in September, for example, actions were taken against Chinese grain exports, India’s barriers to solar-power parts, European subsidies for airliner manufacturing and foreign fishing subsidies. On Monday, the administration announced that it would press the W.T.O. for a special hearing demanding “the rapid enforcement” of the organization’s favorable rulings on exports of airliners and solar products.

With each announcement, administration officials have added a good word for the pending Trans-Pacific Partnership agreement, arguing that it would raise trade standards and provide more tools to enforce them.

Read Full Article

Obama Calls for More Enforcement on Trade Deals