WTO Cites Security as Potential Trade Barrier Concern

Thursday, January 22, 2004
The United States has overcome several shocks since its last Trade Policy Review in 2001, helped by the contribution of its open and transparent trade regime to the highly efficient U.S. economy, according to a report on the trade policies and practices of the United States released January 16 by the WTO Secretariat. Recent U.S. macroeconomic policy has been directed, increasingly successfully, towards recovering and sustaining growth, with benefits to the global economy, including through trade transmission. But barriers to market access persist in a few, however important, areas: in particular, assistance to selected activities such as agriculture, steel, and textiles and clothing has burdened U.S. consumers, taxpayers and trade. The report notes that during this period, the United States has taken further steps to liberalize its trade regime on MFN (Most Favored Nation) as well as preferential bases. While acknowledging that the expanding U.S. preferential network could help draw partners into the multilateral system, the report emphasizes that care should be taken to avoid distracting resources away from it and that vested interests are not created that complicate multilateral negotiations. The report also discusses the new security considerations in the aftermath of the September 2001 attacks, and stresses that the new U.S. security-related policies and practices should not become unnecessary trade or investment barriers. The report also expresses some concern about the “twin deficits” and goes on to note that the presently perceived large bilateral trade imbalances that are now part of the U.S. current account situation could give rise to protectionist sentiment.
Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Security

Kenya Charges 9 Foreigners over Heroin Haul

Nine foreign nationals were charged in a Kenyan court on Thursday with trafficking the biggest ever single seizure of drugs at the Indian Ocean port of Mombasa.

Video: RIMPAC 2014 Ships Underway

The U.S. Navy posted a video showing Rim of the Pacific (RIMPAC) Exercise 2014 operations underway. Watch as 42 ships and submarines representing 15 international

Piracy Activity Drifts Towards Southeast Asia

Since 2010, there has been a steadily increasing trend of piracy attacks in Southeast Asia, according to a report released by UNITAR (UN Institute for Training and Research),

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0966 sec (10 req/sec)