Aftermarket Insider - January/February 2010 - (Page 17)

2010 TrADe I N T E R N AT I O N A L F O C U S Major Aftermarket Trade initiatives to carry Forward into 2010 As 2009 draws to an end, the U.S. is pressing forward in three trade policy areas vital to the trade and investment interests of aftermarket companies. At this writing, U.S. Trade Representative (USTR) Ron Kirk is invoking the world’s trade ministers gathered in Geneva, Switzerland to complete the Doha Round of World Trade Organization (WTO) talks that began in November 2001. AAIA considers this the most important trade initiative, as a new WTO agreement will reduce aftermarket tariffs worldwide, especially the high tariff walls now blocking U.S. exporters’ access to key emerging aftermarkets. While developed countries will continue to have a significant role in the global economy, advanced developing countries are playing an ever-increasing role as well. According to the International Monetary Fund, 58 percent of global economic growth between now and 2014 will be provided by China, India, Brazil, Argentina, South Africa and the Association of Southeast Asian Nations (ASEAN) countries. Stating his belief that a successful outcome is possible in 2010, Kirk pledged, “For our part, the United States’ negotiating team is ready to move into the endgame. We have made our specific interests well known: that meaningful market opening is required to complete the Round. And we are looking for concrete signs from other members that they are ready to join us in that commitment. We welcome the opportunity to work with you to achieve the goal to which we have all committed ourselves.” The Obama administration also has embraced the AAIA-backed effort begun by the Bush administration to negotiate an Anti-Counterfeiting Trade Agreement (ACTA), a move that is vital Addressing the ministers, Ambassador Kirk said, “As our economic recovery begins and deepens worldwide, trade can and should play an important role in the restoration of global prosperity. The global economy needs the WTO members to deliver a strong outcome in the Doha Round of negotiations— and that is one that opens markets and creates significant new trading opportunities in agriculture, industrial goods and in services, generating global economic growth and development.” to protecting aftermarket suppliers against global trademark piracy. ACTA will build off of existing Intellectual Property Rights (IPR) commitments now included in the WTO Agreement. The goal is to reach agreement among a core group of trade partners, and then press for many more nations to become signatories. USTR has released a comprehensive summary of the negotiations, that shows the U.S. is seeking international adoption of the major IPR criminal and civil enforcement enhancements that have been added to U.S. law over the past 30 years. The seventh round of negotiations moves to Mexico City in January 2010, and the parties have set a goal to complete the accord next year. Finally, on a bilateral basis, the president’s expressed intent is to complete the U.S.-Korea Free Trade Agreement (FTA), which with some improvement to South Korea’s automotive market opening measures, could prove highly beneficial to the U.S. aftermarket. Completion of other pending FTAs with Colombia and Panama also would foster greater aftermarket trade and investment opportunities with those markets. AFTERMARKET INSIDER | JANUARY • FEBRUARY 2010 | 17

Table of Contents for the Digital Edition of Aftermarket Insider - January/February 2010

Aftermarket Insider - January/February 2010
President's Message
Association News
Branching Out with our Green Message
Government Affairs
Technology Update
Market Research
Member Profile
Toolbox: Co-workers
International Focus
It's All at AAPEX
Company Profile
Market Research

Aftermarket Insider - January/February 2010