US to review trade pacts, looking at 'abuses'

US to review trade pacts, looking at ‘abuses’

US to review trade pacts, looking at ‘abuses’: President Donald Trump will sign a decree Saturday ordering a review of “violations and abuses” of international trade pacts signed by the United States, including the 164-member World Trade Organization, Commerce Secretary Wilbur Ross announced.

The news came amid of a week of tough talk from the Trump administration on trade matters, with import duties imposed on Canadian lumber and renewed threats to “terminate” US participation in the North American Free Trade Agreement.

“This is an executive order addressing specifically violations and abuses under existing trade agreements,” Ross told reporters. “That’s what differentiates it from some of the earlier ones we’ve had. This is focused more narrowly on the agreements themselves.”

The decision follows last month’s executive order directing the Commerce Department to identify “cheaters,” either countries or specific firms, that contribute to the $500 billion annual US trade deficit.

“As far as I can tell, there has never been a systematic evaluation of what has been the impact of the WTO agreement on the country as an integrated whole,” Ross said.

He acknowledged that the United States is currently running a trade surplus for the export of services.

But accounting for goods alone, the United States still has a global trade deficit of some $700 billion, 47 percent of which comes from trade with China, he said.

The study will review agreements to ensure they increase US growth and strengthen the country’s manufacturing base before recommending remedial actions in 180 days, according to the White House.

The US has 20 free trade agreement partners and 42 bilateral investment treaties, the White House said.

Trump will sign the order on the 100th day of his presidency, a symbolic occasion he will also mark with a Pennsylvania tool factory tour and one of his signature campaign-style rallies.

Earlier in the week the US president hedged his agreement to renegotiate — rather than exit — NAFTA, with a warning to Canada and Mexico that the US will jettison the trade accord if there is no “fair deal.”

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Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.

HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.

Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.

Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.

HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.

HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.

Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.

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