International Trade

Trade war “unavoidable” if EU airline emissions plan blocked

Reuters | November 21, 2013 | Air Cargo | International Trade

Failure by the European Union to soften a law to charge foreign airlines for their emissions will make an international trade war unavoidable, a German lawmaker steering the plan through the European Parliament said. Read More »

US trade official dodges currency issues for Pacific deal

Reuters | November 20, 2013 | International Trade

U.S. Trade Representative Michael Froman sidestepped the question of whether concerns about currency manipulation could be included in a U.S. trade pact with 11 Pacific Rim countries that is supposed to be completed by the end of the year. Read More »

Clock runs out for US trade promotion bill this year

Reuters | November 20, 2013 | International Trade

The Obama administration's hopes of securing "fast-track" trade negotiating authority from Congress this year look certain to be dashed given the limited time left on the congressional calendar, the No. 2 House Democrat said. Read More »

US ambassador to China Gary Locke to step down

Reuters | November 20, 2013 | International Trade

The U.S. ambassador to China, Gary Locke, whose term was marked by a dramatic diplomatic row over the fate of a human rights activist, said he would step down from his role early next year, for personal reasons. Read More »

Mazda’s new Mexico plant a key foreign base, to start January

Reuters | November 20, 2013 | International Trade

Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker's chief said, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output. Read More »

Japan economy gets fresh impetus as exports log biggest rise in 3 years

PR Newswire | November 20, 2013 | International Trade

A surge in car shipments spurred Japanese exports to their biggest annual increase in three years in October, suggesting a gradual pick up in global demand will help underwrite a sustainable recovery in the world's third-largest economy. Read More »

China’s Xi calls on EU leaders to open to Chinese business

Reuters | November 20, 2013 | International Trade

Chinese President Xi Jinping called on European Union leaders to eschew protectionism and create a more healthy environment for Chinese businesses during the first EU-China summit since Xi's government took power earlier this year. Read More »

Taiwan export orders rise for 4th month, lift outlook for tech firms

Reuters | November 20, 2013 | International Trade

Taiwan's export orders climbed for a fourth straight month fueled by consumer demand in key markets, the United States and China, that has helped lift the outlook for its technology manufacturers this festive season. Read More »

Hundreds of Chinese Nokia workers protest at Microsoft deal

Reuters | November 20, 2013 | International Trade

Hundreds of workers massed outside a Nokia factory in southern China to protest against what they called unfair treatment following the sale of the company's mobile phones business to Microsoft Corp. Read More »

China rejects US corn cargo due to unapproved GMO variety

Reuters | November 19, 2013 | International Trade

China, one of the world's largest corn importers, has rejected a cargo of the grain from the United States as it contained a genetically modified variety that has not been approved by Beijing, traders said. Read More »

After huge orders, Airbus and Boeing sign Gulf supply deals

Reuters | November 19, 2013 | Air Cargo | International Trade

Airbus and Boeing agreed to triple purchases of parts and materials from Abu Dhabi in deals worth over $5 billion, as Gulf states seek a reciprocal boost to their economies from huge orders they have placed with the planemakers. Read More »

In China’s smartphone boom, market share trumps margins

Reuters | November 19, 2013 | International Trade

Savvy U.S. chipmakers are hitching their wagons to Chinese smartphone makers, willing to sacrifice profit margins to boost sales volumes in the world's second-largest mobile phone market. Read More »

Australian kangaroo exporters look to hop into meat-hungry China

Reuters | November 19, 2013 | International Trade

Once considered pet food, kangaroo meat could soon be sold to China as a luxury product, to encourage Chinese consumers to do something few Australians will - eat it. Read More »

Japan not ready yet to pass non-tariff barrier test

Reuters | November 19, 2013 | International Trade

Japan still has work to do in tearing down non-tariff barriers faced by European Union companies ahead of a decisive review of EU-Japan trade talks next April, the EU trade chief said. Read More »

Myanmar turns to Japan, Thailand to kick-start stalled Dawei

Reuters | November 19, 2013 | International Trade

Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. Read More »

Germany’s current account surplus may shrink to 5.5% in 2015

Reuters | November 19, 2013 | International Trade

Germany's high current account surplus, which the United States has blamed for hampering the global economy, may fall below the key 6 percent level in 2015, the OECD said. Read More »

ANZ Bank wins approval for sub-branch in Shanghai free trade zone

Reuters | November 18, 2013 | International Trade

Australia and New Zealand Banking Group Ltd said it had approval from Chinese authorities to set up a sub-branch in the new Shanghai free-trade zone, following several other major international lenders into the pilot project. Read More »

Euro zone trade surplus grows more than expected in September

Reuters | November 18, 2013 | International Trade

The euro zone's trade surplus grew more than expected in September as imports were flat and exports rose, data from the European Union statistics office Eurostat showed Read More »

EU, US say trade deal won’t pander to big business

Reuters | November 18, 2013 | International Trade

U.S. and EU trade negotiators rejected accusations on Friday that they are pandering to multinational companies in their push to agree the world's largest free-trade deal, saying food safety and the environment will not be put at risk. Read More »

Europe moves to ban South African citrus imports

Reuters | November 15, 2013 | International Trade

The European Union is preparing a ban on South African citrus imports over fungal disease fears that could take orange juice off Europe's breakfast tables next summer and undermine efforts in Brussels to broaden trade with Africa's biggest economy. Read More »