O que é este blog?

Este blog trata basicamente de ideias, se possível inteligentes, para pessoas inteligentes. Ele também se ocupa de ideias aplicadas à política, em especial à política econômica. Ele constitui uma tentativa de manter um pensamento crítico e independente sobre livros, sobre questões culturais em geral, focando numa discussão bem informada sobre temas de relações internacionais e de política externa do Brasil. Para meus livros e ensaios ver o website: www.pralmeida.org. Para a maior parte de meus textos, ver minha página na plataforma Academia.edu, link: https://itamaraty.academia.edu/PauloRobertodeAlmeida.

Mostrando postagens com marcador Americans for Limited Government. Mostrar todas as postagens
Mostrando postagens com marcador Americans for Limited Government. Mostrar todas as postagens

quinta-feira, 26 de julho de 2018

O livre comercio de Trump: pela via da reciprocidade mercantilista - American for Limite Government

Os partidários de Trump estão contentes com sua abordagem do livre comércio, que começou com a sua recusa do TPP, o enterro do Trans-Atlantic esquema (com a UE), a denúncia do Nafta e de acordos bilaterais de livre comércio, e que agora quer, porque quer, um acordo de livre comércio com a UE, mas à sua maneira, sem qualquer preparação, estudo, consistência, como sempre, na base de um tweet, como é o seu hábito.
Acho que vai demorar um pouco...
Paulo Roberto de Almeida 

Trump trade deal with Europe proves ‘fair and reciprocal’ lowering of trade barriers only sustainable path to free trade
July 26, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement praising President Donald Trump’s trade agreement with European Commission President Jean-Claude Juncker
“The U.S-European agreement to zero out tariff and non-tariff trade barriers on non-auto industrial equipment and to lower other barriers for other products is a huge win for the Trump Trade Doctrine and the entire world. It’s proves that the President’s tough approach on tariffs will bring trade partners to the table. Moreover, the President’s determination to get a better deal for the U.S. proves that the only sustainable way to get to free trade is through the ‘fair and reciprocal’ lowering of barriers where all parties act in concert. Whereas past presidents were just fine with the U.S. lowering its barriers while the rest of the world didn’t, finally we have a leader who is fully engaged on trade and will ensure the U.S. is no longer taken advantage of.
“Finally, Trump’s agreement with the EU to reform the World Trade Organization to stop the theft of intellectual property and forced technology transfer by China is another big win for manufacturers, particularly in the technology sector, who have been raided by Chinese companies in the past. This serves notice on China that the WTO will no longer be a vehicle to enable China’s unfair trade practices. 
“Real reform at the WTO is imperative. If the WTO cannot hear trade cases when there are hundreds of billions of dollars on the line in a timely manner or address currency manipulation which is a subsidy on goods, then the U.S. will have no choice but to act. Trump’s agreement with the EU should precipitate urgently needed action to fix the WTO.  In the meantime, the U.S. could simply block Chinese imports that violate U.S. intellectual property laws or levy additional tariffs on those that utilize currency depreciation subsidies. China, which runs a huge surplus, has a lot more to lose in a trade battle than the U.S. President Trump has it exactly right to put the outmoded WTO rules on the table. It’s about time.”
Attachments:
“‘Very big day for free and fair trade’ President Trump declares as European trade concessions prove tough tariffs are working,” By Robert Romano, July 26, 2018 at http://dailytorch.com/2018/07/very-big-day-for-free-and-fair-trade-president-trump-declares-as-european-trade-concessions-prove-tough-tariffs-are-working/

quinta-feira, 18 de junho de 2015

Trade negotiations and Fast Track: Obama will get one? - Americans For Limited Government

O pessoal do Americans For Limited Government é absolutamente contrário a concessão, pelo Congresso, de uma Trade Promotion Authority, novo nome do Fast Track, ao presidente, para que ele possa negociar e assinar um acordo comercial na região da Ásia Pacífico e depois com a UE.
Ele não precisaria disso, mas o fato é que o Congresso pode se opor a determinados dispositivos e aí seria impossível voltar a reabrir o acordo multilateral, e os EUA acabariam ficando de fora, como parece que vão ficar de fora, se o Congresso não conceder um novo fast track, ou sem ele, se não aprovar o acordo resultante.
Seria um desastre, como já está sendo, um vácuo a ser ocupado inevitavelmente pela China, mas que trabalha com outros parâmetros negociadores e outros "conteúdos" de um acordo comercial, sem todos aqueles penduricalhos que os americanos exigem, tipo regras laborais, condicionalidades ambientais, propriedade intelectual, liberalização financeir e em serviços, etc.
Ou seja, um cenário preocupante para o império, que sente que já não consegue mais impor suas regras ao mundo, mas que o mundo está estabelecendo regras que o deixarão para trás.
Assim é também com o Brasil, um país que já ficou para trás, e que tem poucas chances de recuperar tudo o que foi perdido nos anos dos governos incompetentes do lulo-petismo.
Paulo Roberto de Almeida

Vote NO on fast track trade authority for Obama

Americans for Limited Government, June 18, 2015

Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in opposition to granting fast track trade authority to President Barack Obama to negotiate the Trans-Pacific Partnership:

"President Barack Obama already has all the authority he needs in the Constitution to negotiate any treaty he pleases with or without fast track — all fast track does is turn the Congressional ratification part of treaty making into a rubber stamp.  I ask those who argue that fast track asserts Congressional authority to name another time when President Obama supported legislation that reined in his power.  Anyone who believes that Obama would sign a fast track bill that limited his authority to rewrite the rules of the world simply hasn't been paying attention."

To view online: http://getliberty.org/vote-no-on-fast-track-trade-authority-for-obama/

Attachment:
Stop pretending Pacific trade deal is not a treaty, By Robert Romano, June 18, 2015 at http://netrightdaily.com/2015/04/stop-pretending-pacific-trade-deal-is-not-a-treaty/

sexta-feira, 29 de maio de 2015

O BNDES americano: vamos ver se seria diferente? - Americans For Limited Government

Ex-Im Bank's cozy relationship with private lender
By Nathan Mehrens
Americans for Limited Government, 29/05/2015

In the current Congressional debate over whether the Export-Import Bank (Ex-Im Bank) should be reauthorized, one aspect of its activities has received little, if any attention.

Since 1970, the Ex-Im Bank has maintained a cozy relationship with the Private Export Funding Corporation (PEFCO). The "PEFCO is a private sector, tax-paying entity." It "was established in 1970 with the assistance of the Export-Import Bank of the United States (Ex-Im Bank) to supplement the export financing then available through Ex-Im Bank and from commercial banks and other lending institutions."

Instead of PEFCO performing its own risk analysis, Ex-Im Bank does that and makes U.S. taxpayers serve as the backstop for guaranteeing loans: "Since all loans made by PEFCO are guaranteed or insured as to the due and punctual payment of principal and interest by Ex-Im Bank or other U.S. government institutions, such as the Overseas Private Investment Corporation ("OPIC"), whose obligations are backed by the full faith and credit of the United States, PEFCO relies upon this U.S. government support and does not make evaluations of credit risks, appraisals of economic conditions in foreign countries, or reviews of other factors affecting collectability of its loans."

This has been the case since 1971, as PEFCO mentions in its 2014 annual report: "Under the terms of a Guarantee Agreement, DATED DECEMBER 15, 1971, AS AMENDED, BETWEEN PEFCO AND EX-IM BANK, DUE AND PUNCTUAL PAYMENT OF THE PRINCIPAL OF AND INTEREST ON ALL FOREIGN IMPORTER NOTES ("GUARANTEED IMPORTER NOTES") EVIDENCING LOANS MADE BY PEFCO WITH THE APPROVAL OF EX-IM BANK WILL BE FULLY AND UNCONDITIONALLY GUARANTEED BY EX-IM BANK." (Emphasis added.)

Under this agreement, the Ex-Im Bank exercises a level of supervision over the activities of PEFCO, including the right to have a representative present at PEFCO board meetings, access to financial information, approval of loans, etc. PEFCO also pays "a semi-annual guarantee fee on the total interest accrued by PEFCO during the preceding semi-annual period on securities on which interest payments have been guaranteed by Ex-Im Bank."

When you look at who owns PEFCO, things get interesting. "PEFCO's stock is owned by 26 commercial banks, six industrial companies and one financial services companies (sic)." The largest "shareowner" as they call shareholders is JPMorgan Chase & Co. which owns 2,937 shares or 16.51 percent. Of particular note, the fifth-largest shareholder, and the largest owner among the industrial companies is The Boeing Company, which owns 1,425 shares or 8.01 percent. Boeing, as has been noted many times, is a major beneficiary of the Ex-Im Bank's activities, something that has earned the Bank the moniker, "Bank of Boeing."

On page four of its annual report, PEFCO states that it made 118 loan commitments totaling $1,562,000,000 in 2014. Of this amount, 84 percent, or $1,316,000,000, was for aircraft. Page six of the report states that $6,166,000,000 of their $7,342,000,000 in outstanding loans, or 84 percent, is for aircraft.

Boeing, as it just so happens, has been a beneficiary of PEFCO loans to its customers in the past for aircraft such as its 777-300ER, which "the national flag carrier of Angola, TAAG Angola Airlines (Linhas Aereas de Angola), is purchasing."

So it works like this: companies like Boeing through their involvement in PEFCO get risk-free, government-guaranteed investments, and those investments then go to purchase their own products. The company gets profits from their PEFCO ownership and sales because PEFCO finances purchases of their own products. 

Like 10,000 other things that most people have never heard about, does this sound like something in which the government should be involved? It is fine if a group of companies wish to band together to form a corporation to finance the sales of their own products. Just do it without having the federal government so woven into the fabric of the corporation that the line between public and private disappears.

Nathan Mehrens is President of Americans for Limited Government Foundation.

sexta-feira, 24 de abril de 2015

Acordos comerciais simples ou tratados internacionais por inteiro? Discussao constitucional nos EUA - Robert Romano

Stop pretending Pacific trade deal is not a treaty
By Robert Romano
Americans For Limited Government, April 24, 2015

Since passage of the Trade Act of 1974, every trade agreement the U.S. has entered into under trade promotion authority has not been considered a treaty under U.S. law. This includes the currently-being-negotiated Trans-Pacific Partnership between the U.S. and Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

It is not a treaty, says the president and members of Congress; and, as such, it is not subject to a two-thirds ratification vote in the Senate. Our trade partners certainly seem to think it's a treaty, like Australia, but let's leave that aside for the time being.

But that is not how commercial treaties were originally treated under the U.S. Constitution.

In 1795, Supreme Court Chief Justice John Jay negotiated a commercial treaty with Great Britain, "The Treaty of Amity, Commerce, and Navigation, Between His Britannic Majesty and The United States of America."

It was put to the Senate for ratification by a two-thirds vote, which eventually came on June 24, 1795. But not before the House of Representatives raised several objections, chiefly, that the treaty could not be binding if the House did not approve, too, since it regulated commerce with foreign nations, a power the Constitution vested in all of Congress.

Heretofore, the congressional foreign commerce power had simply been thought to include tariffs and sanctions and the like. But not treaties, which was the sole province of the president and Senate. This was a new argument and was led, oddly enough, by James Madison, the so-called Father of the Constitution and leader of the then-Republican Party in the House.

Oddly, because throughout the entire ratification process for the Constitution, nobody had considered the House would have any role in approving treaties, let alone commercial treaties.

In fact, countered the Federalist Party, if the Virginia ratifying convention, led by Madison, had thought that commercial treaties required additional House approval to be binding, then why did it propose an amendment that would have required commercial treaties to only be ratified by two-thirds of all sitting senators, rather than those present. This clearly indicated the ratifying conventions believed the treaty power also included trade agreements with foreign nations.

The matter was such a controversy that, even after the treaty's ratification, then-President George Washington had to send a letter to the House dated March 30, 1796 to address it.

Treaties, including commercial treaties, were only to be put to the Senate for ratification, per Washington, as a matter of federalism and states' rights. Because, he wrote, "the smaller states were admitted to an equal representation in the Senate with the larger states, and that this branch of government was invested with great powers, for on the equal representation of those powers the sovereignty and political safety of the smaller states were deemed essentially to depend."

That is to say, the smaller states would not — and did not — agree to a Constitution where the proportionally-represented House of Representatives would have final say on treaties. Including commercial treaties.

In fact, according to Washington, at the convention a motion was made "that no treaty should be binding on the United States which was not ratified by law," and, wrote Washington, "the proposition was explicitly rejected."

So, everyone at the convention agreed that commercial treaties had to be put to the Senate for ratification. The state ratifying conventions, even ones that raised objections to the provision asking for a higher threshold for commercial treaties, agreed that these agreements had to be put to the Senate for ratification. The constitutional convention, which Washington chaired, even considered the question of including the House in the treaty process, and explicitly rejected it.

Thus, Washington said, "The assent of the House of Representatives is not necessary to the validity of a treaty."

That more or less settled the matter such that when it came time for President James Madison to submit his own commercial treaty with Great Britain, the United Kingdom Commerce and Navigation Treaty of 1815, which was a free trade agreement, it too required a two-thirds Senate majority to ratify. By that time, Madison had ceded the argument.

200 years later, however, the two-thirds vote in the Senate constitutional requirement for commercial treaties is nowhere to be found.

Thanks to the Trade Act of 1974, which created an entirely new method of enacting trade agreements. It was signed into law by Gerald Ford. Now, the House and Senate authorize the President to negotiate trade deals, and then they are adopted by simple majority votes in the House and the Senate on an expedited basis — so-called fast track legislation.

Consider that not even the Madisonians denied that the two-thirds vote in the Senate was necessary. Their only quibble was that the House had no say. But they never would have considered a construction that allowed a commercial treaty to be adopted by simple majorities in both houses.

As Americans for Limited Government President Rick Manning recently noted, "Trade promotion authority via an executive-legislative branch agreement is an unconstitutional fabrication of the modern administrative state."

Yet, every single trade agreement the U.S. has entered into for the past 40 years was somehow not considered to be a treaty, was not submitted to the Senate as such, and was adopted via this dubious process. This raises the worrisome prospect that every one of those trade deals is unconstitutional. Too bad.

The point is, members of Congress who claim fidelity to the Constitution, and to be an originalist, cannot in good conscience embrace trade promotion authority for any president. It is an aberration under the constitutional framework set forth in 1787, designed to get around the two-thirds majority requirement for treaty ratification in the Senate. Nothing more.

So stop pretending.

Robert Romano is the senior editor of Americans for Limited Government.