Monthly Archives: July 2012

U.S. Wins New WTO Case Against China — Electronic Payments Case — Good Domestic Politics, but Good Trade Policy?

A WTO panel has just ruled in favor of the United States in its action against China for violating the WTO services agreement (GATS) concerning China’s restrictions on electronic payment services (EPS) via credit card transactions. While this was a mixed decision … Continue reading

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JP Morgan (Trading Losses), Barclays (LIBOR fixing) and now HSBC (Money-Laundering) — Better Enforcement Needed — You Think?

What is the recent story with multinational banks? First, JP Morgan (unsupervised trading losses). Next, Barclays (LIBOR fixing). And now  HSBC (money-laundering). HSBC faces about $1 billion in fines for violating U.S. anti-money laundering controls intended to restrict financing of terrorism and other criminal activities. … Continue reading

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U.S. files yet another case against China in the WTO — Election year politics and U.S. trade policy issue — Litigation or Negotiation?

The U.S. has filed yet another case against China in the WTO / DSU. This one concerns China’s antidumping and countervailing duties on automobiles from the U.S. Is this election year politics by the administration? This case raises again the … Continue reading

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Airbus and Alabama — New Foreign Investment into States — Should this be a top priority for economic development and jobs in the U.S., You think?

Airbus has just announced the building of a $600 million plant in Alabama for production of the A320. This will generate 1,000 new jobs. This doesn’t counter sub-contractors and vendors rushing to supply the new facility. Here’s a few interesting … Continue reading

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