International Trade

Boeing chief urges quick US action on trade deals

AJOT | April 25, 2010 | International Trade

The United States risks losing significant export sales to the European Union, Canada and other countries unless it approves three long-delayed free trade agreements with South Korea, Panama and Colombia, Boeing Chief Executive James McNerney. Read More »

India to take EU to WTO on generics seizures

AJOT | April 25, 2010 | International Trade

India will launch a formal dispute against the European Union at the World Trade Organization (WTO) over EU seizures of Indian generic drugs, a senior trade ministry source said.

Settling the dispute could take between 12-18 months, another m Read More »

WTO chief Lamy tiptoes around China currency

AJOT | April 25, 2010 | International Trade

World Trade Organization chief Pascal Lamy said he was "extremely cautious" whether currency manipulation is a form of protectionism because a WTO rule on the issue has never been tested.

"Now, true, there is one specific article of GATT-WTO Read More »

Russia bans imports of Nestle baby food

AJOT | April 25, 2010 | International Trade

Russia's consumer protection watchdog Rospotrebnadzor said it had denied permission for Nestle, the world's biggest food group, to import baby-food products to Russia.

"Nestle was refused the state registration of certain types of products -- Read More »

Global markets drive US industrial profits

AJOT | April 25, 2010 | International Trade

International markets like China and Brazil drove profits at U.S. industrial companies in the first quarter, many of which beat Wall Street estimates and raised their full-year forecasts.

Cost cuts introduced during the downturn also helped b Read More »

Africa left in cold by US-Brazil cotton deal

AJOT | April 18, 2010 | International Trade

A deal between Brazil and the United States to sort out their dispute over cotton leaves African producers in the cold, and their best hope is a global trade agreement in the stalled Doha round, according to a study.

The study assesses the ga Read More »

Brazil cautions no cotton deal yet with U.S.

AJOT | April 18, 2010 | International Trade

Brazilian authorities cautioned that negotiations with the United States to solve a long-standing dispute over U.S. cotton aid were only at a preliminary stage and that a deal was not certain. Read More »

Trade group sees Brazil 2010 trade surplus doubling

AJOT | April 18, 2010 | International Trade

A key foreign trade foundation in Brazil has doubled its forecast for the country's trade surplus this year because of a surge in iron ore prices, the foundation's chief economist told Reuters. Read More »

Brazil, Florida mull joint orange juice promotion

AJOT | April 18, 2010 | International Trade

Brazil and Florida, The world's top two exporters of orange juice who have sometimes clashed as rivals, are discussing a joint global advertising program to promote juice sales, a Florida Department of Citrus official said.

"We have very good Read More »

China revaluation would hurt US

AJOT | April 18, 2010 | International Trade

Extensive outsourcing by U.S. industry means that a revaluation of the Chinese yuan sought by many U.S. politicians would destroy U.S. jobs, a study by independent economists and other experts said.

The study, published by the Centre for Econ Read More »

Indonesia takes US to WTO over clove cigarette ban

AJOT | April 18, 2010 | International Trade

Indonesia is launching a formal dispute at the World Trade Organization (WTO) against the United States over a U.S. ban on clove-flavoured cigarettes, an official at Indonesia's WTO mission said. Read More »

Singapore March exports show trade recovery

AJOT | April 18, 2010 | International Trade

Singapore's non-oil domestic exports climbed 26.6 percent in February from a year earlier, above expectations as electronic shipments jumped and exports to all its main trading partners saw double-digit rises. Read More »

No decision on Russia sugar tariff

AJOT | April 18, 2010 | International Trade

The Commission of the Customs Union of Russia, Belarus and Kazakhstan said it had taken no decision on new ways to calculate a raw sugar import tariff, the rate of which will determine the volume of imports. Read More »

Russia says to keep tariffs high until WTO entry

AJOT | April 18, 2010 | International Trade

Russia intends to keep trade tariffs high until its accession to the World Trade Organization is complete, possibly by the end of 2010, First Deputy Prime Minister Igor Shuvalov said. Read More »

US, Vietnam eye free trade

AJOT | April 18, 2010 | International Trade

Vietnamese Prime Minister Nguyen Tan Dung said his country was eager to take the next step in expanding trade with the United States by concluding a regional free trade pact.

"I (also) want the U.S. to become the top foreign investor in Vietn Read More »

Global crisis to hurt trade for up to 2 years

AJOT | April 18, 2010 | International Trade

Global trade will face lingering protectionism for up to two years, as the job market reels from the global financial crisis, World Trade Organization Director-General Pascal Lamy said. Read More »

Imports of risky goods in EU hit record in 2009

AJOT | April 18, 2010 | International Trade

The number of dangerous consumer products entering the European Union, including toys and clothes, rose to a record level in 2009 and 60 percent of them came from China, the bloc said.

A report by the executive European Commission's rapid ale Read More »

US, Brazil hit on pragmatic fix to WTO cotton spat

AJOT | April 11, 2010 | International Trade

The United States headed off a move by Brazil to impose penalties on a wide range of U.S. goods by offering concessions on a export loan guarantee program and said it would try to negotiate an end to a long-standing trade spat over cotton. Read More »

Burundi needs $5.8 blllion for infrastructure

AJOT | April 11, 2010 | International Trade

Burundi needs $5.8 billion for infrastructure such as telecommunications, electricity and transport projects over the next two decades, a study by the government and African Development Bank (AfDB) showed.

The tiny central African nation is r Read More »

Yuan revaluation “China’s choice”

AJOT | April 11, 2010 | International Trade

U.S. Treasury Secretary Timothy Geithner said he was confident that China would see that it is in its own interest to make the yuan more flexible, while Beijing stoutly defended its currency policy.

Geithner, who said global economic recovery Read More »