International Trade

GE tops Wall Street estimates on overseas demand

AJOT | July 25, 2011 | International Trade

General Electric Co notched a better-than-expected 21.6 percent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production.

The largest U.S. conglomerate said on Friday its second-quarter resu Read More »

India closer to opening up multi-brand retailers

AJOT | July 25, 2011 | International Trade

India took an important step towards opening up its $450 billion retail sector to foreign players such as U.S.-based Wal-Mart, a move seen aimed at tackling supply bottlenecks and high food price inflation.

A majority of members of a committee of top Read More »

Russia to keep farm subsidies after WTO entry

AJOT | July 25, 2011 | International Trade

President Dmitry Medvedev said that Russia will not withdraw state subsidies for farmers if it joins the WTO, which Moscow hopes will happen later this year after 18 years of accession talks.

Russia is the biggest economy outside the World Trade Organ Read More »

Chinese city orders two fake Apple Stores to close

AJOT | July 25, 2011 | International Trade

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.

Five self-branded "Apple Stores" were found Read More »

Train crash could curb China rail equipment exports

AJOT | July 25, 2011 | International Trade

A deadly train crash in China over the weekend has raised concerns about the safety of the country's fast-growing rail network and threatens to undermine its plans to export high-speed train technology.

The concerns were enough to push share prices do Read More »

Strong franc hits Swiss export growth in June

AJOT | July 24, 2011 | International Trade

Growth of Swiss exports slowed in June and firms slashed prices to defend foreign market share as the strong Swiss franc took its toll.

The data supports the Swiss National Bank's view that growth will slow this year due to the franc's rise to record Read More »

USTR says deal needed before sending trade pacts

AJOT | July 24, 2011 | International Trade

U.S. President Barack Obama's administration fended off Republican demands that it send three long-delayed free trade pacts to Congress for approval, saying it first needed more assurance that a retraining program for displaced workers will be extended. Read More »

EU accused of not cutting tariffs on tech imports

AJOT | July 24, 2011 | International Trade

Japan, Taiwan and the United States accused the European Union of failing to abolish taxes on some electronic hardware imports, despite being told to do so by the World Trade Organization, sources said.

The three countries launched a complaint against Read More »

WTO favors Mexico in tuna dispute with US

AJOT | July 24, 2011 | International Trade

The World Trade Organization has ruled in favor of Mexico in a dispute over tuna with the United States that began more than 20 years ago, a high-ranking source close to the negotiations told Reuters.

The WTO's decision lifts restrictions for Mexico t Read More »

Russia aims to return to top grain shippers club

AJOT | July 24, 2011 | International Trade

Russia expects to reprise its role as a leading grain exporter this season thanks to a good harvest after last year's severe drought forced it to impose an export embargo, the Agriculture Minister said.

Russia sees grain exports of 18 million tons in Read More »

EU plan for bicycle duties angers Chinese exporters

AJOT | July 24, 2011 | International Trade

The European Union is set to extend import duties on Chinese-made bicycles and parts until 2014, according to a document seen by Reuters, in a move that may anger Chinese exporters and worsen EU-China trade ties.

EU trade officials proposed a three-ye Read More »

Animal welfare groups seek ban on exports to Turkey

AJOT | July 24, 2011 | International Trade

Animal welfare groups called for the European Union to suspend exports of live animals to Turkey, describing as "horrific" the transport conditions they uncovered in an investigation, including dehydration and blistering heat.

"We are calling for the Read More »

EU plans five-year duties on Chinese tiles

AJOT | July 24, 2011 | International Trade

Chinese ceramic tiles will face punitive import duties at European borders until 2016, under plans drawn up by the European Union's executive Commission, a document seen by Reuters showed.

Duties of up to 69.7 percent will hit some 275 million euros' Read More »

EU tightens rules on unsafe children’s toys

AJOT | July 24, 2011 | International Trade

The European Union introduced tighter safety measures for children's toys on Wednesday, a measure that could hurt Chinese imports which make up 80 percent of all EU toy imports.

The new rules specifically target toys that contain phthalates, a plastic Read More »

US senator urges pressure on Russia to open up autos

AJOT | July 24, 2011 | International Trade

A US senator from a major auto-producing state urged the top U.S. trade official to demand Russia drop barriers to American cars before being allowed to join the World Trade Organization.

"Russia requires that automakers produce an arbitrary number of Read More »

Zepol’s quality hard data drives growth

AJOT | July 24, 2011 | International Trade

Zepol, a provider of hard data for US international trade, has grown quickly because of the quality of the figures, in a business that has its share of street corner palm readers. The following is an interview with Paul Rasmussen, President and CEO of Read More »

Mongolia exports rise 52% in H1, mostly to China

AJOT | July 18, 2011 | International Trade

Exports from landlocked Mongolia rose 52.3% in the first half of 2011 to a total value of $2 billion, with 90 percent of the total delivered to its dominant southern neighbour China, according to official data.

Mineral resources accounted for the bulk Read More »

Russia allows Polish vegetable imports

AJOT | July 18, 2011 | International Trade

Russia will permit the resumption of vegetable imports from Poland, the Interfax news agency cited the head of Russia's consumer protection agency as saying.

Russia banned imports of raw vegetables from the European Union on June 2 due to a deadly E.c Read More »

China forces EU to rewrite rules in first WTO win

AJOT | July 18, 2011 | International Trade

China won its first victory against the European Union at the World Trade Organization on Friday in a case that could thwart further EU anti-dumping claims until there is a change in European trade law.

The EU came off worst after accusing China of fl Read More »

China pledges equal domestic and export rare earth policies

AJOT | July 14, 2011 | International Trade

China said it will meet World Trade Organization rules by applying the "same policies" to domestic and overseas rare earth companies, a day after the United States and Europe slammed China on its new quotas of the highly sought minerals.

"China will, Read More »