International Trade

China rare earths exports double in November

AJOT | December 20, 2010 | International Trade

China's monthly exports of rare earth metals more than doubled in November to 2,090 tonnes, bouncing back after falling by more than three-quarters in October, data supplied by China Customs Statistics Information Centre (HK)

While the monthly volume Read More »

US politics could slow Russian WTO bid

AJOT | December 16, 2010 | International Trade

U.S. politics may again delay Russia's accession to the World Trade Organisation as the White House struggles to get Congress to repeal Cold War trade rules, the head of the top U.S. business lobby in Russia said.

A U.S.-Russia bilateral deal is one o Read More »

WTO panel upholds U.S. duty on Chinese tires

AJOT | December 16, 2010 | International Trade

The United States was entitled to impose extra safeguard duties on Chinese tires, a World Trade Organization dispute panel said in a ruling published, rejecting a Chinese complaint.

The dispute contrasted the commitments of governments to fight protec Read More »

WTO to help Russia’s image, hurt its manufacturers

AJOT | December 16, 2010 | International Trade

Russia's long-awaited WTO entry is set to boost investor sentiment but also push domestic manufacturers into a painful struggle to shape up against global competition that could take them years.

After 17 years of talks, Moscow hopes to join the World Read More »

Steel exports edge up in October on improved demand in NAFTA Region

AJOT | December 16, 2010 | International Trade

Exports of steel increased in October by 0.7% over September according to government data. 'Exports in October were essentially unchanged, with a 16.3% increase in exports to Mexico the primary reason for the small increase,' said David Phelps, president Read More »

McDonald’s to double China restaurants by 2013

AJOT | December 16, 2010 | International Trade

McDonald's Corp plans to double the number of its restaurants in China to 2,000 by 2013, a senior executive said as it speeds up expansion in the fastest growing major economy.

The top global fast food chain, which opened its first outlet in the south Read More »

China bans poultry, product imports from Canada province

AJOT | December 16, 2010 | International Trade

China banned poultry and poultry product imports from a province in Canada after an outbreak of bird flu there, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement.

A low-pathogenic H5N2 bird flu outbreak w Read More »

China’s Wafangdian Bearing to set up India arm

AJOT | December 16, 2010 | International Trade

China's Wafangdian Bearing , which makes ZWZ branded bearings, plans to set up operations in India and expand in the $2 billion Indian bearings market, it said. Read More »

AAFA hails House passage of trade bill

AJOT | December 16, 2010 | International Trade

The American Apparel & Footwear Association (AAFA) praised the U.S. House of Representatives for quickly passing the Omnibus Trade Act of 2010 (H.R. 6517). The Omnibus Trade Act of 2010 would renew several trade preference programs and woul Read More »

US Senate bill would limit entry of China poultry

AJOT | December 16, 2010 | International Trade

The United States would restrict entry of poultry products from China as part of a Senate spending bill assembled at the same time U.S. and Chinese officials met to resolve trade disputes.

The language was similar to restrictions adopted a year ago. S Read More »

China’s 2010 foreign trade to exceed $2.9 trillion

AJOT | December 16, 2010 | International Trade

China's foreign trade is expected to surpass $2.9 trillion this year due to a sharp rebound in imports and exports, the country's commerce minister was quoted as saying.

Chen Deming, cited in an interview with the official Xinhua news agency, said he Read More »

Key outcomes of U.S.-China trade talks

AJOT | December 16, 2010 | International Trade

The United States and China concluded wide-ranging trade talks on agriculture, software and other issues.

Here is a summary that incorporates some closing remarks made by U.S. and Chinese officials: Read More »

India allows some sugar exports, trade expects more

AJOT | December 16, 2010 | International Trade

India will allow unrestricted exports of 500,000 tons of sugar, the farm minister said on Wednesday, helping global prices ease as the market expects more overseas sales as the country swings back to a surplus.

"The modalities will be worked out in th Read More »

China PM on India charm offensive, offers trade boost

AJOT | December 16, 2010 | International Trade

Chinese Premier Wen Jiabao pressed on with a charm offensive in India, offering support for New Delhi's bid for a greater role in the United Nations and agreeing on an ambitious target of $100 billion in trade between the rising Asian powers by 2015. Read More »

China to raise rare earth export tariffs in 2011

AJOT | December 13, 2010 | International Trade

China plans to raise export taxes on some rare earths in its annual adjustment of import and export taxes that takes effect on Jan 1, the Ministry of Finance said.

China will keep low import tariffs on 600 important materials and components while cont Read More »

US, China should set goals for trade

AJOT | December 13, 2010 | International Trade

U.S. lawmakers urged top Obama administration officials to press for commitments from China next week that would set targets for imports of U.S. software and other goods.

The pressure came as new trade data showed the U.S. trade deficit with China cou Read More »

Wal-Mart to close Moscow office, sees no deals

AJOT | December 13, 2010 | International Trade

U.S. retail group Wal-Mart Stores Inc will close its Moscow office amid a lack of acquisition opportunities, abandoning for now its long-running quest to enter the Russian market.

"Since we have decided to enter the (Russian) market through acquisitio Read More »

Huawei aims India investments of over $2 billion in 5 years

AJOT | December 13, 2010 | International Trade

Chinese telecoms gear maker Huawei aims to invest more than $2 billion in India over the next five years in areas including expansion of its research and manufacturing capabilities in the country, one of the world's biggest telecoms markets. Read More »

Pakistan seeks UAE trade to lift economy

AJOT | December 13, 2010 | International Trade

Pakistan needs increased investment and trade opportunities from the UAE to build the economy and help it become more independent from foreign aid, the chief minister of Punjab province said.

"We are not here to seek aid but rather trade," Mohammed Sh Read More »

Dubai 2011 exports seen up 20%, new tariffs unlikely

AJOT | December 13, 2010 | International Trade

Dubai's non-oil exports may grow 20 percent in 2011 as new doors to African markets open, and the government is not expected to impose any new tariffs on trade, two government officials said.

A rise in exports next year would aid help economic recover Read More »