The United States intends to offset the cost of entering into a new Trade Promotion Agreement with Colombia by imposing a $5.50 fee on Canadian and Mexican travelers to the US.
The Senate Finance Committee voted to approve the US-Colombia free trade agreement (FTA) bill in a mock markup session Thursday morning, much to the satisfaction of Colombian President Juan Manuel Santos.
The South Korean government and the ruling party are moving to ratify a controversial free trade agreement (FTA) with the United States next month, party officials said on Thursday, a move that is expected to trigger backlash from opposition parties.
In an effort to help domestic exporters counter the impact of the South Korea-U.S. free trade agreement, Taiwan's Ministry of Economic Affairs has proposed to offer tax rebates for imported industrial raw materials and components/parts with average tariffs topping 4.3%.
Officially, the mission of Pranab Mukherjee's just-concluded trip was to attend the second annual meeting of the India-US Financial and Economic Partnership. The finance minister brought with him perhaps the most star-studded Indian economic team to visit Washington for a bilateral event.
Since Valentine’s Day, Miami flower importers have watched their expenses climb, contending with rising fuel prices and surcharges and, most vexing of all, the expiration of an Andean trade program that allowed them to bring in flowers from Colombia and Ecuador without paying duties.
The United States' top trade official, Ron Kirk, says he is "dumbfounded" by Republican senators who failed to show up for a hearing Thursday to take action on three pending free trade agreements, including the one with Korea.