United States Trade Representative

MNCs in the News-2019-04-26

United States (US) Trade Representative (USTR) criticizes China’s intellectual property (IP) protections and calls for stronger IP safeguards. China pledges the journey along its Belt and Road (BRI) will only get better. Survey shows new European Union (EU) foreign direct investment (FDI) screening laws make Chinese companies feel the EU is discriminating against them. United Kingdom (UK) reportedly dials into China’s Huawei participating in its 5G network activities. Eager to keep Italy from moving too close to Beijing, Japan calls for deeper economic (and military) cooperation during top leader summit. Korea charged up about lack of level playing field relating to electric vehicle subsidies. Korean petrochemical firms will be hit by the upcoming end to the US policy of granting waivers to countries importing Iranian crude oil.

MNCs in the News-2018-03-30

China responds to United States (US) World Trade Organization (WTO) complaint that its technology licensing practices are not WTO compliant. Washington considers new mechanisms for reviewing and limiting Chinese foreign direct investment (FDI) into the US technology sector. The Head of Australia’s Foreign Investment Review Board welcomes Chinese FDI as the country moves to improve its ability to minimize any related security threats. Takeda considering takeover of Irish drugmaker Shire as Japanese government seeks to tackle rising healthcare costs for its aging population. Softbank Vision Fund and Saudi Arabia to boost solar production in the Arab country. Tirebank intends to acquire Korean company Kumho Tire from Korea Development Bank because of frictions between Kumho’s workers union and Chinese buyer Doublestar. Renegotiation of South Korea-US Free Trade Agreement causes Hyundai to move production of its new pick-up truck model from Korea to the US. Pertamina reports it secured a contract with the Iranian government to take an 80 percent stake in Mansouri oil field. Jakarta put forth simplified tax holiday scheme in bid to boost investment in the country. Thailand approves USD $7.22 billion high-speed rail project to link three airports. Japanese electric vehicle producers flocking to Thailand in the wake of government promotion packages. Joint venture between Malaysia’s Yinson Holdings and PetroVietnam ordered to stop operations in Vietnamese offshore oil field due to Chinese pressure. InvestKL on track to bring in 100 multinational corporations by 2020. Hanoi announces list of sectors that would be prioritized to receive Japanese high-technology and investment. New Franco-Vietnamese investment deals signed as Vietnam’s Communist Party General Secretary visits France.

MNCs in the News-2017-03-31

Chinese government financial institutions intensify their backing for China’s “Made in China 2025” initiative and press non-governmental bodies to increase their support. Chinese law on joint ventures with specific requirements regarding new energy vehicles alarms foreign carmakers which fear they will be required to transfer technology. Beijing Intellectual Property Court supports Apple on design patent dispute with Shenzhen Baili. United States Trade Representative office issues report on trade barriers, highlighting many problems relating to China’s treatment of American companies in China. Chinese officials continue to defend their intensified oversight of Chinese outward investment. Tsinghua Unigroup garners massive new aid pledges from the China Development Bank and China national chip fund. Myanmar reportedly will restart construction on a China financed oil pipeline. Last week, the Chinese business community in Kenya establishing a lobbying group. Westinghouse’s bankruptcy filing means troubled Toshiba faces a potential net loss of USD $9 billion net loss in 2016. Russia and Japan discuss plans for investment projects and other joint cooperation on the disputed Kuril Islands. SK Innovation Co. freezes the operations of its battery packing plant in China, denying they relate to Chinese economic sanctions against Korea. Doosan Heavy Industries & Construction Co. secures Saudi Arabia seawater desalination deal worth over USD $400 million. Mining giant PT Freeport Indonesia agrees to convert its contract of work into a special mining permit, providing a potential basis for a settlement of its disputes with the Indonesia government.

MNCs in the News-2015-11-06

Chinese Premier Li Keqiang promises better environment for German firms in China while seeking greater contributions from them at home and abroad. China announces, albeit with caveats, it will expand negative list system from coastal to interior areas. China’s four free trade zones (FTZs) experience boom in newly registered entities. China’s National Development and Reform Commission moves to draft clearer antitrust guidelines. China promises special operation to protect Disney trademark. Google and other blocks tech firms continue to seek opportunities in China. United States Trade Representative Michael Froman emphasizes TPP’s digital rules are not just about China. China’s China National Nuclear Corp. glows about possible mega nuclear deals with Argentina. HKND plans to move forward with its massive Nicaragua canal plan next year. Takata loses its best client and faces other US penalties for its deceptive actions. Japanese government lobbies Malaysia to go with Japanese high-speed rail option. Korea lobbies foreign firms to set up in Korea as a strategic base to access other countries with whom Korea has free-trade agreements. Volkswagen’s emission data scandal does not dent German car sales in Korea, but its sales plummet. Korea’s Trade Minister promises better environment for foreign business while business representatives press Korea to work harder. Korean Fair Trade Commission investigates Siemen’s Korea healthcare division for unfair trade practices. Korea firms work to secure major expressway project in Myanmar. Indonesia touts its plan to make things better for things in its special economic zones. Indonesia and India work to build cooperation in renewable energy which should provide new investment and trade opportunities. Malaysian officials stress the flexibilities the government won in TPP negotiations and the gains to be had for Malaysian companies. Malaysia’s Prime Minister emphasizes Malaysia’s strong place as a center for Islamic finance. Kedah state government in Malaysia encourages more investment from and cooperation with Qingdao.

MNCs in the News-2015-04-03

China puts the brakes on foreign automobile joint venture (JV) ownership shares. The implementation of some of China’s bank technology security rules may be delayed. US Treasury Secretary Jack Lew makes China’s counterterrorism law and banking technology rules a centerpiece of his visit to China. China State Council’s recently mandated changes to local government foreign investment attraction incentives will adversely impact Korean investment. Indonesian President welcomes Chinese investment to Indonesia and calls for greater cooperation. Indonesia’s investment attraction agency will partner with Indonesia’s spy agency to generate better investment information.