Which American states are the most threatened by globalization and free trade? A “Storyline” feature in last Friday’s Washington Post attempts to answer the question with a series of infographics and analytic snapshots based on statistics drawn from the U.S. Department of Labor’s Trade Adjustment Assistance (TAA) program since 1994.
Originally drafted by lawmakers in the 1960s, the TAA is a federal compensation program intended to mitigate the harmful effects of global trade liberalization by providing support to those displaced by foreign competition.
The article notes that since the North American Free Trade Agreement took effect two decades ago, more than 2.7 million U.S. workers have qualified for assistance. It further notes that wide disparities exist among states with – not unsurprisingly – those “heavily invested in low-wage manufacturing industries” being the most threatened by foreign trade competition.
Click here to read the complete feature.
Effective immediately, the Directorate of Defense Trade Controls (DDTC) is updating the procedures to utilize the ITAR §126.18 exemption for technical assistance agreements (TAAs) and manufacturing license agreements (MLAs).
In guidance issued July 25, 2011, DDTC required all TAAs and MLAs to be amended prior to use of the ITAR §126.18 exemption for two reasons: updating the new verbatim clause at ITAR §124.8(5) and to add specific language to the ITAR §124.7(4) section of the agreement.
Upon further review of these requirements and through experience gained in administering the regulation, DDTC has decided to change the requirement for TAAs and MLAs.
With the posting of this web notice, TAAs and MLAs do not have to be amended to include the modifications cited above in order to utilize the ITAR §126.18 exemption. All agreement holders and foreign parties utilizing the ITAR §126.18 exemption must maintain a copy of this web notice in their records. Continue reading »
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(World Trade Interactive)
Both the Senate Finance and the House Ways and Means committees approved July 7 draft legislation to implement free trade agreements with Korea, Colombia and Panama. However, prospects for final congressional approval remain in doubt because there is still no clear agreement on how to also extend the Trade Adjustment Assistance program.
The Senate Finance Committee, which is controlled by Democrats, approved with no Republican support a draft Korea FTA bill that includes an extension of TAA through 2013. There was more bipartisan support for a draft Colombia FTA bill that also retroactively reauthorizes the Generalized System of Preferences and the Andean Trade Preferences Act through July 2013 as well as a Panama FTA bill with no additional provisions. In the House Ways and Means Committee, which is controlled by Republicans, no Democrats voted in favor of any of the three FTA bills to protest that none of them included a TAA extension. As in the Senate, extensions of GSP and ATPA were included in the Colombia bill. Read more here.