The World Trade Organization on Monday forecast a modest increase in global trade over the next two years.
Hagel will meet with chief executives from the Business Roundtable.
The Obama administration is pursuing a free trade agreement with Vietnam, but critics of the country’s authoritarian regime believe sanctions are in order.
House Foreign Affairs Committee Chairman Ed Royce (R-Calif.), a vocal champion of human rights, on Friday introduced a bill that would impose targeted financial and visa sanctions on Vietnamese individuals involved in abuses.
New Senate Finance Committee Chairman Ron Wyden (D-Ore.) said his panel is looking down many economic avenues to convince Russia to step back from its move into Crimea.
In his first hearing as the head of the committee, Wyden said his committee is "now looking at every possible economic lever to pressure Russia to step back from its unprovoked incursion into Crimea."
A stalemate, especially over agriculture tariffs, is holding up progress on trade pact.
A bipartisan group of senators urged the top U.S. trade official to keep negotiations open on an Asia-Pacific trade deal until there is an agreement with Japan that provides greater market access to U.S. products.
A top Russian economic official said his country is ramping up efforts to boost trade and investment opportunities for U.S. businesses.
Alexey Ulyukaev, the Russian minister of economic development, said his country and the United States are somewhere between “good and not good” on trade and investment issues so “there is a lot of room for development.”
Sen. Max Baucus appears to be on a glide path to become the next ambassador to China.
The Montana Democrat laid out a broad agenda during his confirmation hearing on Tuesday before the Senate Foreign Relations Committee. His plan is focused on promoting economic cooperation, security and human rights issues between the United States and China.
"It is imperative that America be deeply involved in the Asia-Pacific," Baucus said.