Excerpt: Google , Microsoft , Citigroup , IBM , GE and other top-tier American companies on Thursday urged the United States to fight for trade rules that protect the free flow of information over the Internet…. The companies said they hope their ideas will be reflected in the proposed Trans-Pacific Partnership, a free trade agreement that the United States is negotiating with eight countries in the region. That would put pressure on China to adopt similar policies even though it is not currently a member of the TPP talks, said Bill Reinsch, president of the National Foreign Trade Council, which helped lead the effort to work out the group’s ideas.
http://www.reuters.com/article/2011/11/03/usa-trade-internet-idUSN1E7A21HX20111103
Category: NFTC In the News
U.S. House Committee OkaysSweeping Sanctions On Iran
House Panel Oks Tougher Sanctions On Iran
Asian Pay Hikes May Impact U.S. Employers
Rep. Camp Unveils Business-Friendly Corporate Tax Plan
Excerpt: Rep. Dave Camp (R., Mich.), the House Ways and Means chairman, outlined a business-friendly plan for overhauling the U.S. tax code for companies, including cutting corporate tax rates by 10 percentage points and ending the longstanding rule that seeks to tax American multinationals on their overseas earnings…. Reactions from business groups tended to focus on the issues they care most about. For instance, the Business Roundtable and the National Foreign Trade Council – two groups that comprise major multinationals – were thrilled about the shift to a territorial system. “Moving to a territorial tax system and reducing the corporate tax rate will allow companies to grow in the United States, and will also attract more in-bound investment, leading to more job growth, said Cathy Schultz, vice president of the NFTC.
http://blogs.wsj.com/washwire/2011/10/26/rep-camp-unveils-business-friendly-corporate-tax-plan/
Obama Signs 3 Trade Deals, Biggest Since NAFTA
Sugar Policy Bitter For Consumers, Manufacturers
Obama Iced Tea Toast Marks Republican-Backed Trade Deal Win
Reid, Daley Eye Oct. 12 Trade Deal Votes; House Rules, Senate Finance Acts Pave Way
Business Leaders Applaud FTA Passage
Excerpt: The US congressional passage of free trade agreements with Colombia and Panama are receiving widespread praise among U.S. and Latin American business leaders…. The National Foreign Trade Council (NFTC) applauded Congress and the Administration of President Barack Obama for working together to approve the FTAs and to renew Trade Adjustment Assistance (TAA), the Generalized System of Preferences (GSP) and the Andean Trade Preference Act (ATPA). “We are very pleased with the outcome … and applaud Congress and the Administration for working together to advance the U.S. trade agenda through approval of the FTAs with Colombia, Panama and South Korea, as well as the renewal of TAA, GSP and the Andean trade preferences,” NFTC President Bill Reinsch said in a statement. “These agreements and programs will boost the U.S. economy and create and support thousands of American jobs.http://www.latinbusinesschronicle.com/app/article.aspx?id=5176
