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Posts Tagged ‘international’

The Trans-Pacific Partnership: Don’t Forget Canada and Mexico

March 27th, 2013

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This piece was originally published on GE’s “Idea’s Lab” website.

Japan’s recent announcement that it’s seeking to join the Trans-Pacific Partnership (TPP) trade negotiations has created quite a stir in trade circles.

Adding Japan and its $4 trillion economy to the TPP talks would substantially boost the economic and political importance of any eventual trade deal and create major new export opportunities for the United States and the 10 other TPP countries. But, as Third Way noted in a recent letter to Congressional trade leaders, TPP negotiators also face a huge challenge in assuring that Japan’s strong tradition of shielding its farm, manufacturing, and services sectors doesn’t derail the goal of creating a truly comprehensive, high-standard agreement that broadly opens up Asia-Pacific trade.

Seemingly lost in all the recent buzz about Japan is another important TPP development–the admission of Canada and Mexico to the TPP talks last fall. This less-heralded development is highly significant, particularly for the United States and our producers and workers.

But why? Isn’t the United States already linked to Canada and Mexico under NAFTA? How would the TPP improve things?

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Rethinking How We Value Global Trade

February 20th, 2013

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This piece was originally published in U.S. News & World Report.

In his most recent State of the Union, President Obama touted the fact that American companies like Apple, Ford, and Intel are bringing manufacturing operations back to the United States. This key trend will support good American jobs—while strengthening the manufacturing and innovation ecosystem that’s a vital source of America’s global competitiveness.

Where things are “made” is crucial. But as America pursues important new trade deals in Asia and Europe, it’s also critical that we secure more “value” from our trade.

The iPhone in my pocket was “made” in China. When it was imported into the United States, it was treated by U.S. Customs as a 100 percent Chinese product, and it added somewhere around $230 to America’s $315 billion trade deficit with China.

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