International Trade

China to make new bid to join global procurement pact in 2014

Reuters | December 23, 2013 | International Trade

China has agreed to make a revised offer to join a global agreement aimed at creating a level playing field for foreign companies competing for government contracts, senior U.S. and Chinese officials said. Read More »

Bangladesh factory owner to plead innocent in deadly blaze case

Reuters | December 23, 2013 | International Trade

The owner of a Bangladesh garment factory that was destroyed in a deadly fire last year said he was "saddened and astonished" that he had been charged with culpable homicide for the death of 112 workers and would plead innocent in court. Read More »

Russia may take EU to WTO over cheap energy rules

Reuters | December 23, 2013 | International Trade

Moscow may take the European Union to the World Trade Organization over rules which strip away an advantage Russian firms have in accessing cheap energy, Russia's Economy Ministry said, heating up a wider trade dispute between the partners. Read More »

Russia’s red-hot car market stalls

Reuters | December 23, 2013 | International Trade

A year of disappointing auto sales in Russia has dealers and carmakers worried that a once-red hot market that was set to become Europe's largest may have slipped out of gear. Read More »

EU takes Brazil to WTO over ‘protectionist’ car taxes

Reuters | December 23, 2013 | International Trade

The EU launched a case against Brazil at the World Trade Organization on Thursday over the South American nation's taxes on imports from cars to computers, but insisted the dispute should have no bearing on delicate free-trade talks. Read More »

Why Ukraine spurned the EU and embraced Russia

Reuters | December 23, 2013 | International Trade

On Sept. 4, Ukrainian President Viktor Yanukovich called a meeting of his political party for the first time in three years, summoning members to an old Soviet-era cinema called Zoryany in Kiev. Read More »

Wall St rallies to record highs, buoyed by Apple deal

Reuters | December 23, 2013 | International Trade

U.S. stocks jumped on Monday, with the Dow and S&P 500 advancing to all-time highs as Apple Inc surged on a distribution deal with China Mobile and lifted the technology sector. Read More »

Panama’s economy grew 8.9 percent in third quarter from a year ago

Reuters | December 20, 2013 | International Trade

Panama’s economy grew 8.9 percent in the third quarter from the same period last year, as massive infrastructure spending continued to buoy one of Latin America’s fastest-growing economies, the government statistics agency said on Friday. Read More »

Reports Indicate Farm Bill Finally Heading Toward Completion

AJOT | December 20, 2013 | International Trade

American Soybean Association reports the Farm Bill may finally be heading for completion as key legislators reach agreement on key provisions. Read More »

United Fresh Applauds FDA Plan to Issue Second Round of Proposed FSMA Rules

AJOT | December 20, 2013 | International Trade

United Fresh Produce Association applauds the announcement by FDA Deputy Commissioner for Foods and Veterinary Medicine Michael Taylor that FDA will issue a second round of draft rules concerning key provisions and seek additional public comments Read More »

Brazil flour mill says Argentina won’t make Jan. wheat delivery

Reuters | December 19, 2013 | International Trade

One of Brazil’s biggest flourmills, Moinho Pacifico, said an Argentine trader that supplies it with wheat would not be able to meet its contract for January. Read More »

Iraq’s oil exports rise to 71.4 mln barrels in November -oil ministry

Reuters | December 19, 2013 | International Trade

raqi oil exports rose to about 71.4 million barrels in November despite bad weather, portmaintenance in the south and disruptions along the country’snorthern pipeline, the oil ministry spokesman said on Thursday. Read More »

Chinese technology smuggler sentenced to 3 years

Reuters | December 18, 2013 | International Trade

A Chinese citizen convicted oftrying to smuggle American-made radiation-hardened microchipsfrom California to China was sentenced Wednesday to three yearsin U.S. prison. Read More »

China rejects 30% of corn shipped in from US this year

Reuters | December 18, 2013 | International Trade

China has rejected more than 600,000 tons of U.S. corn since mid-November, after tests showed an unapproved gene-altered strain, an influential consultancy said, taking the volume of such shipments to about 30 percent of imports this year. Read More »

China Mobile chairman says still in talks with Apple on iPhone deal

Reuters | December 18, 2013 | International Trade

China Mobile Ltd said it's still in talks with Apple Inc to sell iPhones amid mounting industry speculation that the pair are about to announce a deal to net the technology giant hundreds of millions of potential new customers. Read More »

Norwegian Air signs deal for two more Boeing Dreamliners

Reuters | December 18, 2013 | International Trade

Norwegian Air is buying another two Boeing 787-9 Dreamliners, seeing the aircraft's technical advances as outweighing its operating problems as the budget carrier expands in long-haul services. Read More »

China wants negotiations on EU wine dispute

Reuters | December 18, 2013 | International Trade

China would welcome talks with the European Union on an investigation into whether Europe is dumping wine, the Commerce Ministry said, and it dismissed any suggestion the inquiry was linked to a dispute over solar panels. Read More »

Asia business sentiment falls in fourth-quarter as global worries weigh

Reuters | December 18, 2013 | International Trade

Business sentiment among Asia's top companies dropped sharply in the fourth quarter, extending last quarter's declines, with global economic uncertainty and rising costs weighing on the region's firms, a Thomson Reuters/INSEAD survey showed. Read More »

Japan exports rise but trade gap widens on weak yen

Reuters | December 18, 2013 | International Trade

Japan's exports rose for a ninth consecutive month in November, led by car shipments to the United States and China, a sign the weak yen and a recovery in global demand are energizing a major growth driver in the world's third-biggest economy. Read More »

Bangladesh violence risks spinning out of control as polls near

Reuters | December 18, 2013 | International Trade

When an ally in Bangladesh's ruling coalition threatened this month to pull out of upcoming elections, elite troops broke open the gates of the party leader's home, brushed aside his guards and hauled him away. Read More »