US Lawmakers Ramp Up Pressure on Chinese Currency

Volume
14,
Number
22
-
16 June 2010
16 June 2010
For a few months, the US and China pulled their punches in their sometimes-feisty debate over Beijing's exchange rate policy. No longer. US Senator Chuck Schumer, a Democrat from New York, vowed last Wednesday to push for a vote "in the next two weeks" on legislation that would threaten China with...
16 June 2010
WTO Director-General Pascal Lamy attempted to inject a positive tone into Friday's meeting of the Trade Negotiations Committee, which saw delegations express their frustration at the Doha Round's slow progress. While members all reaffirmed their commitment to the prompt conclusion of the Round,...
16 June 2010
In contrast to the constructive and upbeat tone that characterised the first week of the climate meetings that took place in Bonn, Germany from 31 May to 11 June, the annual mid-year meeting of the UN Framework Convention on Climate Change (UNFCCC) ended on a distinctively sour note. Climate...
16 June 2010
Growth in global agricultural output is expected to slow down in the coming decade, while production in Brazil, China, India, Russia and the Ukraine will likely increase at impressive rates, according to the UN Food and Agriculture Organization and the Organisation for Economic Cooperation and...
16 June 2010
Last week saw a lively meeting of the WTO’s Council on Trade-Related Aspects of Intellectual Property Rights (TRIPS), as delegates took up a number contentious issues, including the Anti-Counterfeiting Trade Agreement (ACTA), public health, and the links between biodiversity and intellectual...
16 June 2010
The global economic power balance is shifting in favour of developing and emerging economies, according to a report released today by the Organisation for Economic Cooperation and Development. The report forecasts that, by 2030, these countries will likely represent nearly 60 percent of world gross...
16 June 2010
Canada and Colombia came one step closer to finalising a free trade agreement (FTA)this week, with the Canadian House of Commons voting in favour of the deal. The FTA will next be viewed by the Canadian Senate for final approval. The FTA passed with an amendment that requires both the Canadian and...
16 June 2010
World spending on energy subsidies topped US$557,000 million in 2008, according to a brief released on 9 June by the International Energy Agency (IEA). Their numbers showed subsidies to be 75 percent higher than previous estimates. The world's spending on subsidies also showed a massive increase...
16 June 2010
Eight Pacific-Rim countries are engaged in free trade talks hosted by the United States in San Francisco this week. The negotiations, which are still in their early stages, aim to establish a free trade zone that would span Australia, Brunei, Chile, New Zealand, Peru, Singapore, the United States,...
16 June 2010
17 June, Washington, DC. LEARNING FROM THE GLOBAL ECONOMIC CRISIS: IDB AND IMF REPORTS FOR LATIN AMERICA. The Latin America Initiative at the Brookings Institution will welcome experts from the Inter-American Development Bank (IDB) and the International Monetary Fund (IMF), who will examine the...
16 June 2010
FIGURING OUT THE DOHA ROUND. By Gary Clyde Hufbauer, Jeffrey J. Schott, and Woan Foong Wong. The Peterson Institute for International Economics, June 2010. This new book, released by the Peterson Institute for International Economics, defends the Doha Round and criticises recent attempts to abandon...