International Trade

UAE trade insurance costs may jump on regional woes

AJOT | February 23, 2011 | International Trade

Trade insurance costs for United Arab Emirates exporters may jump by up to 20 percent in the short term due to ongoing political turmoil in the Arab world, the Gulf Arab country's export credit agency said.

Popular unrest over entrenched poverty and h Read More »

India’s ballooning trade deficit unsustainable

AJOT | February 23, 2011 | International Trade

The Indian government raised "serious concern" about a trade deficit that could more than double to $278.5 billion in three years and may cause an unsustainable current account deficit.

The trade deficit of Asia's third-largest economy could widen to Read More »

WTO issues ruling on China export restraints

AJOT | February 21, 2011 | International Trade

U.S. trade officials confirmed that the World Trade Organization has issued a preliminary ruling in a case against Chinese export restrictions on certain industrial raw materials but said they could not comment yet on the decision.

"We can confirm tha Read More »

EU trade pact with South Korea clears final hurdle

AJOT | February 21, 2011 | International Trade

The European Parliament approved a free-trade pact between the European Union and South Korea, clearing the way for the EU's largest bilateral trade deal to take effect from July. Read More »

India, Kenya trade to rise 25% in 2011

AJOT | February 21, 2011 | International Trade

Trade between India and Kenya is likely to rise by 20-25 percent this year after growing 23 percent in 2010, New Delhi's envoy to Nairobi said.

Turnover between the two was worth $1.41 billion in 2010, heavily titled in India's favour. Kenya exported Read More »

Colombia sees trade deal with South.Korea, eyes Japan

AJOT | February 21, 2011 | International Trade

Colombia expects to finish a free trade pact with South Korea before the end of June and then focus on a deal with Japan as the Andean nation tries to break into Asian markets, its trade minister said.

The Andean nation was shaken in 2009 after key tr Read More »

India close to decision on opening up retail sector

AJOT | February 21, 2011 | International Trade

India's Trade and Industry Minister said that talks to open up the country's multi-brand retail sector to foreign investors were at an advanced stage, but he did not give a deadline.

"We are very seriously engaged," Anand Sharma told Reuters in an int Read More »

Tar sands row threatens Canada-EU trade deal

AJOT | February 21, 2011 | International Trade

Canada has threatened to scrap a trade deal with the European Union if the EU persists with plans that would block imports of Canada's highly polluting tar sands, according to EU documents and sources.

The European Union has told its fuel suppliers to Read More »

Argentine union boss holds key to grains exports

AJOT | February 21, 2011 | International Trade

A combative Argentine trade union veteran named Herme Juarez has the power to halt the country's multibillion-dollar soy exports and move prices at the Chicago Board of Trade.

Juarez, 69, heads the dock workers' union at the San Martin port outside Ro Read More »

Brazil says wins WTO ruling in US orange dispute

AJOT | February 21, 2011 | International Trade

Brazil said the World Trade Organization had made a final ruling in its favor in a dispute with the United States over anti-dumping measures imposed on its orange juice exports.

The decision by a WTO dispute panel, which Brazil's foreign ministry said Read More »

EU sued over secrecy in India trade talks

AJOT | February 17, 2011 | International Trade

Transparency campaigners sued the European Union's executive for withholding documents on trade talks with India, stepping up pressure on the bloc to make its policymaking less secretive.

The lawsuit, lodged with the EU's second-highest court, accuses Read More »

WTO urges Japan to reform, free trade

AJOT | February 17, 2011 | International Trade

Japan must liberalize its foreign trade as part of wide-ranging structural reforms to restore competitiveness and boost growth, the World Trade Organization said.

Looser macro-economic policies, albeit offset by the appreciation of the yen that reinfo Read More »

US senators set March 9th date for Latin America trade plan

AJOT | February 17, 2011 | International Trade

U.S. Trade Representative Ron Kirk faced pressure to come up with a plan to win approval for long-delayed free trade agreements with Panama and Colombia by the time he testifies before the Senate Finance Committee on March 9.

"We expect that you will Read More »

Abercrombie to boost spending, expand global reach

AJOT | February 17, 2011 | International Trade

Teen retailer Abercrombie & Fitch Co posted a bigger-than-expected quarterly profit as discounts boosted traffic, and said it plans to almost double its capital expenditures this year as it ramps up international expansion.

Abercrombie, once a high-fl Read More »

Peru to expand ambitious trade agenda

AJOT | February 17, 2011 | International Trade

Peru's ambitious agenda to diversify both the products it sells abroad and the market for its exports is taking it to India and Arab Gulf countries, Trade Minister Eduardo Ferreyros said.

Peru has finished trade negotiations with the European Union an Read More »

UK farmers seek national food plan as imports rise

AJOT | February 17, 2011 | International Trade

Britain needs a national food plan that makes production a strategic priority and curbs its increasing reliance on imports, Peter Kendall, president of the National Farmers Union said.

Kendall told the NFU's annual conference that global food prices w Read More »

Japan agonises whether to jump aboard free-trade train

AJOT | February 17, 2011 | International Trade

Everyone who is willing Japan to find the elixir to revive its listless economy and put off its day of reckoning with the bond markets should pencil June in their calendars.

That is when Prime Minister Naoto Kan, if he is still in office -- and it is Read More »

Chinese telco gearmakers aim to leap US barriers

AJOT | February 17, 2011 | International Trade

Chinese telecom equipment makers have their sights set on the United States, a massive market that has so far been largely off limits to them because of fears over the security of key national infrastructure.

Huawei, the world's number three seller of Read More »

Rajesh Exports rides on retail expansion plans

AJOT | February 17, 2011 | International Trade

Rajesh Exports Ltd , one of India's top jewellery manufacturer and exporter, plans to open 550 retail stores in three years in the country on the back of robust demand for gold jewellery despite rising prices, a top official said.

"Demand is consisten Read More »

Colombia losing patience with US on trade

AJOT | February 17, 2011 | International Trade

Colombians have "started losing patience" with U.S. delays over trade deals as China steps up its interest and investments in the Andean nation, Bogota's envoy to Washington said.

"They are ready to throw in the towel," Ambassador Gabriel Silva told R Read More »