24.4.09

Falling trade (drifts by my window)

. . . is the topic of my latest Trade Tripper column in this Friday-Saturday issue of BusinessWorld. Excerpt:

"What is mystifying and, for the present, disappointing, however, is the current US administration’s attitude toward trade. First glimpses of the new order could be seen during Ron Kirk’s confirmation hearings for the USTR. As he answered in response to a question posed to him by Senator Grassley, Kirk stated his agreement "that enforcement of our trade laws and our rights under international agreements is not protectionism." By itself, not as ominous, but then this must be read alongside Kirk’s hinting that the US will continue to defend it’s globally criticized anti-dumping "zeroing" methodology before the WTO."