International Trade

Bali talks to decide fate of WTO

Reuters | December 02, 2013 | International Trade

Crisis is the natural state of world trade negotiations. But this week will be different. Read More »

Ukraine holds key to Putin’s dream of a new union

Reuters | December 02, 2013 | International Trade

Ukraine's refusal to sign a trade pact drawing it into Europe's orbit marked a victory for Vladimir Putin, winning him time to lure Kiev into a project for a trade and political bloc stretching from the frontiers of China to the edge of the EU. Read More »

Putin faces protests as he woos Armenia

Reuters | December 02, 2013 | International Trade

About 500 people marched through the capital of Armenia to denounce visiting Russian President Vladimir Putin and to protest against plans to join a Moscow-led customs union. Read More »

Huge Bangladesh fire destroys key garments factory

Reuters | December 02, 2013 | International Trade

A huge fire destroyed a Bangladesh garment factory supplying key Western brands, authorities said, in a blaze touched off by workers angered over rumors of a colleague's death in police firing. Read More »

Thyssen announces capital increase as US deal sealed

Reuters | December 02, 2013 | International Trade

ThyssenKrupp is selling its U.S. plant to two rivals in a long-awaited deal to help extricate the German steelmaker from an ill-fated boom-year expansion plan, and said it plans to raise up to 1 billion euros ($1.36 billion) in a share sale. Read More »

South Korea moves closer to joining TPP trade talks

Reuters | December 02, 2013 | International Trade

Asian trade powerhouse South Korea took a step closer to joining 12-nation talks aimed at slashing trade barriers between nations making up about 40 percent of the world economy. Read More »

China releases more details on Shanghai free trade zone reforms

Reuters | December 02, 2013 | International Trade

Chinese regulators published new details on planned reforms for a free trade zone launched in Shanghai earlier this year, as Beijing moves to sustain enthusiasm in the face of resurgent investor skepticism. Read More »

China breaks up gangs that smuggled $164 million worth of cars

Reuters | December 02, 2013 | International Trade

Chinese authorities have broken up six rings that smuggled around $164 million worth of cars into the country over the past three years, including more than 80 top-end models such as BMWs and Rolls-Royces, state media said. Read More »

India talks tough on WTO, but does not rule out deal

Reuters | December 02, 2013 | International Trade

India's trade minister said he will not compromise on food subsidies for the poor at a WTO meeting next week, but left open the possibility of an interim subsidy deal designed to salvage a trillion-dollar trade pact. Read More »

‘Brazil posts larger-than-expected trade surplus in November

Reuters | December 02, 2013 | International Trade

Brazil posted a trade surplus in November that was more than five times expectations, official data showed, but even so the country remained on track to end the year with its first annual deficit in more than a decade. Read More »

East African trade bloc approves monetary union deal

Reuters | December 02, 2013 | International Trade

The leaders of five East African countries signed a protocol laying the groundwork for a monetary union within 10 years that they expect will expand regional trade. Read More »

Britain’s Cameron pushes EU-China trade deal in Beijing

Reuters | December 02, 2013 | International Trade

British Prime Minister David Cameron arrived in China saying he would advocate a multi-billion-dollar free trade deal between Beijing and the European Union, stoking tensions with the EU executive which condemned the move as premature. Read More »

European firms size up Iran’s post-deal potential

Reuters | December 02, 2013 | International Trade

The phone hasn't stopped ringing at the German-Iranian Chamber of Commerce since six world powers reached a deal with Tehran to curb its nuclear program, opening the prospect that Iran can begin to shake off its economic isolation. Read More »

Ukrainian opposition accuses Yanukovich of stealing EU dream

Reuters | December 02, 2013 | International Trade

Ukraine's political opposition said that President Viktor Yanukovich had 'stolen the dream' of closer integration with Europe as his supporters hailed his decision to spurn a European Union free trade deal. Read More »

Ukraine protests increase risks of currency crisis

Reuters | December 02, 2013 | International Trade

Massive protests against President Viktor Yanukovich have done yet more damage to Ukraine's already-poor investment case, increasing the risk of a currency crisis before an election in early 2015. Read More »

Ukraine’s Yanukovich vetoes EU push to save trade deal

Reuters | December 02, 2013 | International Trade

Ukrainian President Viktor Yanukovich vetoed last-minute attempts by the European Union to rescue a trade deal that could have been signed at a summit and would have signalled a historic shift away from Russia, EU diplomats said. Read More »

EU bans South African citrus imports over disease fears

Reuters | December 02, 2013 | International Trade

The European Union banned most imports of South African citrus fruit or the rest of this year over fears that a fungal disease found in dozens of shipments could spread to the 28-nation bloc. Read More »

Food suppliers look to win Iran contracts after nuclear deal

Reuters | December 02, 2013 | International Trade

After years of difficulty caused by economic sanctions, suppliers are hoping a nuclear deal will make it easier to win lucrative contracts to sell wheat, sugar and other food to Iran. Read More »

USW Statement on ArcelorMittal Joint Venture with Nippon and Sumitomo to Acquire ThyssenKrupp Steel

PR Newswire | December 02, 2013 | International Trade

PITTSBURGH, Dec. 2, 2013 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today issued the following statement regarding the acquisition of ThyssenKrupp Steel USA (Alabama) by a joint venture of ArcelorMittal (NYSE:MT), Nippon Steel and Sumitomo Metal Corporation:

Read More »

Bribery and bureaucracy seen as winners if WTO deal dies

Reuters | November 27, 2013 | International Trade

Barring a last-minute deal by ministers next week, the latest round of world trade talks look set to fail, but unlike past liberalization battles, few people are cheering. Read More »