One Step Forward, One Back; Free Trade and the Yuan  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8754 (Oct. 2011), page 45.
Topik: Trade Policy; Politics; Protectionism; Legislation; International Trade

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This was supposed to be a good week for American trade policy. On October 3rd Barack Obama submitted three long-stalled trade agreements to Congress for ratification. Republican and Democratic leaders promised speedy passage. If all goes as planned, the pacts with Colombia, Panama and South Korea could be ratified in time for a state visit on October 13th by Lee Myung-bak, the Korean president. But that advance for trade was tempered by a revival of protectionism against China. Also on October 3rd the Senate voted by an overwhelming and bipartisan 79-19 to proceed with a bill that would punish China for keeping its currency artificially low. The legislation enables a company to demand an investigation of a country it thinks is using an undervalued currency for unfair trade advantage. If the government concludes that the currency is indeed "fundamentally misaligned", countervailing duties could be imposed. China, predictably, has given warning of dire consequences if the bill becomes law; "waves of trade protectionism that would favour nobody", declared Xinhua, a Chinese government-controlled news agency.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali