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Word From the President
May 2013

One of the NFTC's signature accomplish-ments was its draft trade negotiating authority legislation initially made public in 2008. This was a major drafting effort undertaken by more than two dozen of our members, along with extensive consulting advice from two of our longstanding friends from both sides of the political aisle – Greg Mastel and Grant Aldonas.

To read more click here.

NFTC, USA*Engage Welcome Supreme Court’s Decision in Major
Alien Tort Statute Case

NFTC and USA*Engage welcomed the U.S. Supreme Court's decision on the Kiobel v. Royal Dutch Petroleum case. The Court ruled that the Alien Tort Statute (ATS) does not apply to conduct occurring outside the United States.  The Court granted certiorari to hear an appeal of the Second Circuit’s decision in Kiobel v. Royal Dutch Petroleum that there is no corporate liability under the ATS. 

To read more click here.
 
 

View from the NFTC Chair
“Crossing the T’s”
 
 
In a meeting with a European trade negotiator on April 3, he asked “does American business want to just get a good bilateral agreement with Europe (the subject at hand was cross-border data flow and privacy) or are we trying to get something we can export?”
 
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NFTC Releases Draft Trade Promotion Authority Act of 2013
 

In April the NFTC released its draft bill, Trade Promotion Authority Act of 2013, developed to initiate and facilitate debate over the objectives of future trade agreements and ensuring an efficient “fast track” process for Congressional consideration of implementing legislation. This draft legislative text is an updated version of the NFTC’s draft Trade Negotiating Authority Act of 2009.

Click here to read more and to view the full text and summary of the bill, as well as a list list of major changes from the 2002 law. 



Moving Beyond Currency Manipulation in U.S.-China Trade Relations
(Originally published by The Fletcher Forum of World Affairs at fletcherforum.org)


 
China has long been accused—this year's presidential campaign not withstanding—of currency manipulation–keeping the value of the Chinese Renminbi (RMB) artificially low in order to stimulate exports and discourage imports. One result of this policy has been China's high current account surplus with countries such as the United States and the European Union, which leads to considerable political anxiety.

Click here to read more.



 
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