Articles by Doug Palmer

40 Million U.S. Jobs Tied to Intellectual Property Protection: Report

U.S. movie studios, drug manufacturers and other companies that depend heavily on copyrights, patents and trademarks to protect their creative works support 40 million jobs, or about 28 percent of the U.S. workforce, a U.S. report said on Wednesday. “Today …

U.S. to Sell $6 Billion in AIG Stock; AIG to Pay More to Taxpayers

The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an …

U.S. Eyes WTO Services Pacts Amid Doha Stall

The United States is making a push for a group of countries within the World Trade Organization to start talks to liberalize trade in services, even if big developing countries like China, India and Brazil don’t want to join, U.S. …

Australia Urges Breaking up Doha Round into Smaller Pacts

Australia wants World Trade Organization members to recognize that reaching a comprehensive deal in decade-old world trade talks has become impossible and to focus instead on a series of smaller pacts, the country’s top trade official said on Wednesday. “We …

Lawmakers Urge U.S. Caution on Japan Trade Talks

Four senior U.S. lawmakers Tuesday urged President Barack Obama’s administration not to make a hasty decision to begin free trade talks with Japan if that country should request this week to join negotiations on a Trans-Pacific free trade pact. “Japan’s …

US Congress OK’s Korea, Panama, Colombia Trade Pacts

Congress Wednesday approved long-delayed trade pacts with South Korea, Colombia and Panama that are expected to lift exports by about $13 billion a year and give U.S. employment a boost. Republicans and Democrats joined together in the House of Representatives …

U.S. Considers Removing All Tariffs for Poor Nations

The U.S. government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world’s least-developed countries (LDCs). The U.S. International Trade Commission said it would report its findings to the …

APEC Members Want to Salvage WTO Talks, Says U.S. Trade Rep

Asia Pacific trade ministers agreed Thursday not to give up on ailing world trade talks but to work over the next seven months on the best way to “salvage” a deal, U.S. Trade Representative Ron Kirk said. “While it was …

WTO Faces Tough Choices after Latest Doha Round Setback

World Trade Organization members face a somber Easter Sunday because of a fight over manufacturing trade between the United States and major emerging economies like China, India and Brazil that could finally kill 10-year-old world trade talks. WTO Director General …

U.S., South Korea Welcome Long-awaited Free Trade Deal

The United States and South Korea welcomed a free trade deal reached after a three-year delay which U.S. President Barack Obama said would boost exports to South Korea by $11 billion and support at least 70,000 American jobs. An official …