International Trade

Statisticians hunt better ways to count trade figures

AJOT | February 03, 2011 | International Trade

In an age of global supply chains, trade figures give an increasingly misleading picture of what is going on -- and trade statisticians are out to change that. Trade figures have become politically explosive -- witness the sensitivity of the U.S. deficit Read More »

Nestle to invest $70 mlllion on South.Africa expansion

AJOT | February 03, 2011 | International Trade

Nestle is spending $70 million on expanding its business in South Africa, as the world's biggest food group sharpens its focus on emerging markets.

Nestle said in a statement on Wednesday it will spend around 500 million rand ($70 million) on a new ce Read More »

EU lawmakers OK banana duty cuts for Latin America

AJOT | February 03, 2011 | International Trade

European Union lawmakers on Thursday approved a deal to cut EU import tariffs on bananas from Latin America, ending the world's longest-running trade row, a European Parliament official said.

A majority in the European Parliament voted to cut duties o Read More »

Honda to lower CR-V exports to US to reduce fx impact

AJOT | February 03, 2011 | International Trade

Honda Motor Co is looking to make small investments in North America to build more of its popular CR-V crossovers there, reducing exports from Japan to cushion the blow from a strong yen, an executive said.

"Our profit structure has improved mainly th Read More »

EU softens stance on raw material export controls

AJOT | February 03, 2011 | International Trade

The EU confirmed it would consider stockpiling critical raw materials, but stopped short of threatening retaliation against countries that restrict supplies, a strategy document from the bloc's executive showed. In earlier drafts of the paper, the Europea Read More »

Hitachi raises forecast as Asia sales boom

AJOT | February 03, 2011 | International Trade

Hitachi Ltd raised its annual outlook above market expectations after cost-cutting and robust revenue in emerging markets helped quarterly operating profit nearly double, underscoring the progress in its restructuring drive.

The forecast for the indus Read More »

WTO report said to condemn Boeing subsidies

AJOT | February 01, 2011 | International Trade

Plane maker Boeing received unfair subsidies from the U.S. government, a World Trade Organization report said on Monday, according to Boeing's European rival Airbus.

The two companies disagreed over the extent of the subsidies outlined in the report, Read More »

ASEAN

AJOT | February 01, 2011 | International Trade

Southeast Asia's foreign ministers embarked on an unconventional land, sea and air trip to China to push ambitious plans to fully connect the region's frontier markets with Asia's biggest economic power.

The day-long trip from Thailand to China, organ Read More »

US promises changes to controversial trade method

AJOT | February 01, 2011 | International Trade

The United States promised its trading partners that it would make changes to a controversial method for calculating duties on unfairly priced imports.

But Japan and the European Union said assurances that Washington would comply with repeated condemn Read More »

Export curbs move into trade policy spotlight

AJOT | February 01, 2011 | International Trade

As World Trade Organization members intensify efforts for a new trade deal, soaring food and raw material prices have raised a question that is not even on the Doha round agenda: export restrictions.

While WTO members are haggling over the extent to w Read More »

South Korea to take 1-2 years to recover from foot-and-mouth

AJOT | February 01, 2011 | International Trade

South Korea's swine industry could take one or two years to recover from a foot-and-mouth epidemic that has boosted meat purchases by one of the world's top pork importers.

A long-term boost to the country's pork imports, mainly from the United States Read More »

Steel imports inch up in December

AJOT | February 01, 2011 | International Trade

Imports increased slightly in December by 1.4 percent compared to November, based on preliminary import data released by the government. 'Stronger market conditions at the end of the year in the US are reflected in the increase in December of arrivals of Read More »

Japan PM renews push for free trade, close U.S. ties

AJOT | January 23, 2011 | International Trade

Prime Minister Naoto Kan renewed his commitment to open up Japan's market to capitalise on overseas growth and stuck to a June deadline to decide whether to join a U.S.-led free trade initiative.

In a foreign policy speech, Kan also reaffirmed the imp Read More »

WTO members get down to hard graft of negotiations

AJOT | January 23, 2011 | International Trade

WTO members are getting down to the technicalities of a new global trade deal, suggesting the right spirit of compromise to clinch agreement may at last be within reach, negotiators and officials said.

Swiss ambassador Luzius Wasescha, who chairs talk Read More »

WTO backs South.Korea in dispute, U.S. does not defend

AJOT | January 23, 2011 | International Trade

A World Trade Organization panel backed South Korea in a challenge to a controversial U.S. method for calculating duties on unfairly priced imports, after the United States offered no defence in the dispute.

The ruling is the latest in a series of def Read More »

Changan in talks to export China-made Ford cars

AJOT | January 23, 2011 | International Trade

Ford Motor is in talks with its Chinese partner, Chongqing Changan Automobile Co, to export China-made Ford vehicles to emerging markets, two people familiar with the matter told Reuters.

Ford, which competes with General Motors among others in the wo Read More »

Scotch whisky exports head for a record

AJOT | January 23, 2011 | International Trade

Scotch whisky exports are headed for record sales, boosted by strong demand from status-conscious connoisseurs in new markets in China, India, Russia and Brazil, Deputy Prime Minister Nick Clegg said.

On a visit to a distillery in Keith, Scotland, Cle Read More »

China 2010 rare earth exports slip, value rockets

AJOT | January 23, 2011 | International Trade

China's exports of vital rare earth elements used for numerous high-tech goods slipped almost one-tenth last year but the overall value rocketed as quota cuts lifted international prices, data showed.

China, which produces about 97 percent of the glob Read More »

Is a solar trade war about to flare?

AJOT | January 23, 2011 | International Trade

Germany's fifth-biggest solar power park emerges as a smudge on the horizon long before you reach it on the outskirts of the small, sleepy village of Eberswalde, an hour's drive north of Berlin. "In the far distance, you can see it," Peter Kobbe says, poi Read More »

India to sign free trade deals with Japan, Malaysia in February

AJOT | January 23, 2011 | International Trade

India has finalised free trade agreements (FTA) with Japan and Malaysia and will sign the deals in February, the country's minister for commerce and industry, Anand Sharma, said.

Sharma, talking to reporters at a conference in Singapore, said he expec Read More »