In this week’s REWIND of international business law news, a New York judge resuscitates a colonial law to allow a lawsuit against U.S. companies for doing business with the South African apartheid regime, India braces for a potential United States downgrade of its intellectual property rights classification, and New York authorities poise to charge area car dealerships in a scheme to export luxury cars to China.» Read More
This week in international business, we cover news on the World Trade Organization’s forecast for projected trade growth in 2013, China’s new currency trade partner, Luxembourg’s bank secrecy rules, and U.S. Federal Reserve plans for stimulus-related policy of purchasing of U.S. bonds.» Read More
Prime Minister Sinzo Abe is pushing Japan to enter negotiations to join the Trans-Pacific Partnership, which is a free-trade pact that includes the U.S. and other Pacific nations. Viewing the move as a “last chance” to prevent Japan from being “left out,” Abe is facing strong opposition from Japan’s agricultural sector, which has historically been adverse to trade liberalization. Some of the effects of free trade would be the elimination of tariffs, and the lessening of governmental regulations and subsidiaries.
New Jersey continues to be a hot bed of activity in the pharmaceutical and healthcare industries. New Jersey Lieutenant Governor Kim Guadagno noted today that two days of trade meetings with Chinese companies have resulted in more than $1 Billion in trade agreements for pharmaceutical and health care companies. Companies from the Zhejiang Province in China paired with New Jersey companies at a trade conference held at William Patterson University in Wayne, and Kean University in Union, New Jersey this week.» Read More