The chairman of a committee on trade negotiations made up of major Mexican business groups said June 10 that he knows of no deal to guarantee U.S. exports of agricultural products to Mexico, according to a report in the Mexican newspaper Milenio. Moises Kalach, chair of the Strategic Consultative Council on International Negotiations of Mexico’s Business Coordination Council, told the newspaper that “the information that we have is that there is no business agreement, nor export limits, nor purchases of American products; the deal is solely on topics related to immigration.” Kalach said there’s no way to make such a deal because private companies buy American goods, and there’s no way to obligate them to buy them.
The U.S. Small Business Administration's State Trade Expansion Program has been mostly effective, business owners and trade industry leaders said during a House Small Business subcommittee panel on June 11, helping them export to international markets and expand their businesses. But the panelists also advocated for changes, such as a reduction in the “administrative burden” caused by the program. The discussion came as Congress prepares to reauthorize the program, which was created by the Trade Facilitation and Trade Enforcement Act of 2015 and which provides grants to states to increase exporting opportunities for small businesses.
The U.S. should impose harsher sanctions on the Nicaraguan government, the Daniel Ortega regime and the country’s business leaders or risk the country devolving into a similar situation the U.S. faces with Venezuela, panelists told the House Foreign Affairs Subcommittee on Western Hemisphere, Civilian Security and Trade on June 11.
The World Customs Organization issued the following releases on commercial trade and related matters:
In the June 7 edition of the Official Journal of the European Union the following trade-related notices were posted:
The rise of export-credit agencies around the world is threatening U.S. exporters and pushing them out of certain marketplaces, Paul Shmotolokha, the nominee for vice president of the Export-Import Bank of the United States, said in his pitch to the Senate Committee on Banking, Housing and Urban Affairs on June 5.
House members and experts made the case for a quick and long-term reauthorization for the Export-Import Bank of the United States during a June 4 House Financial Services Committee hearing, saying the move could significantly benefit U.S. exporters and help counter China’s export credit agencies and state subsidies. The hearing came about a month after the Senate voted to confirm three appointees to the bank’s board of directors, giving the bank enough directors for a quorum to approve transactions of more than $10 million (see 1905080073).
The Commerce Department is planning to expand end-use checks for export controls, said Nazak Nikakhtar, the nominee for Commerce’s undersecretary for industry and security, a move she said is part of a broader reform movement to improve “export control coordination.”
Panelists warned against increasingly strict export controls and criticized the Trump administration's handling of the Huawei blacklisting during a June 4 Senate Committee on Banking, Housing and Urban Affairs hearing on “Confronting Threats From China: Assessing Controls on Technology and Investment, and Measures to Combat Opioid Trafficking.” The U.S. is drawing dangerously close to shrinking markets for U.S. semiconductor exporters, the panelists said, a move that could prove devastating for the industry. They also suggested the Trump administration’s restrictions on Huawei are too broad and have hurt U.S. exporters as well as damaged trade talks between the two sides.
The Commerce Department plans to issue an advance notice of proposed rulemaking for export controls of foundational technologies in the coming weeks, Commerce officials said. The notice will be published “quite soon” and in “weeks, not months,” said Rich Ashooh, Commerce's assistant secretary for export administration, speaking at a June 4 Bureau of Industry and Security Regulations and Procedures Technical Advisory Committee meeting. Hillary Hess, director of Commerce’s regulatory policy division, was more reserved in her prediction, saying she is unsure exactly when the notice will be released but assuring the committee it is the next export-related notice that BIS plans to publish. “It is in the process now,” Hess said at the meeting. “We’re trying to prepare it.”