Action Alert


Fair trade or free trade? Let your voice be heard on Minnesota’s future!


The Obama Administration is negotiating two new mega trade deals (one with Pacific Rim countries, another with Europe) entirely in secret, with the goal of further expanding the NAFTA-model of free trade. These trade agreements could have major impacts on Minnesota's farmers, workers, small business owners and rural communities. They could limit Minnesota’s ability to support local food and energy systems and grow local businesses. In order to stay up to speed, Minnesota has set up a new Trade Policy Advisory Council (TPAC) to advise the state legislature and Governor.


TPAC wants to hear from Minnesotans: What concerns do you have about free trade? What role could TPAC play in the future? Now is your opportunity to have a say in our future trade policy. Complete the survey and let them know future trade negotiations should be public, not secret. Help ensure the voices of all Minnesotans are heard in the development of trade agreements and that they protect local control and our quality of life. The free trade model has failed for Minnesota and we need a new approach to trade. Help ensure the voices of all Minnesotans are heard before trade agreements are completed, and that they protect local control, our natural resources and our quality of life.


Please take five minutes and complete the survey. To find out more about these trade agreements, go to iatp.org/tradesecrets.

Some impediments to fulfilling G-20 economic governance commitments with examples of U.S. opposition to regulation affecting commodity markets

By Dr. Steve Suppan   
Published July 19, 2011

CommoditiesMarket speculation

Used under creative commons license from seemakk.

The financial services industry opposition to financial and commodity market reform raises doubt about the likelihood of effective oversight recommendations by the G-20 financial ministers for the Heads of State summit in November in France.

The financial services industry opposition to financial and commodity market reform, supported by some elements of the U.S. government, raises doubt about the likelihood of effective oversight recommendations by the Group of 20 (G-20) financial ministers for the Heads of State summit in November in France. This overview focuses on two regulatory issues that affect commodity markets directly: aggregate limits to the numbers of contracts that can be held by one entity during a trading period (“position limits”) and proposed exemptions to ‘pushing’ over-the-counter (OTC, i.e., unregulated, bilateral) derivatives trades on to regulated exchanges. The recent decision of the U.S. Department of Treasury to exempt OTC foreign exchange derivatives from the Dodd-Frank requirements is briefly mentioned, insofar as that exemption may have consequences for the physical and futures market commodity trades that are often denominated in U.S. dollars. Furthermore, analytic differences among the intergovernmental agencies advising the G-20 financial ministers may result in ineffectual commitments to address commodity price volatility. The second part of this input paper surveys some impediments to strong G-20 commitments on commodity market regulation.




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