International Trade

Asian economies struggling to reignite growth while exports sag

AJOT | July 17, 2013 | International Trade

Emerging Asia will show little increase in economic growth rates this year due to weak exports, with China giving more priority to making needed reforms, and India tightening policies to defend its beleaguered rupee, Reuters polls showed. Read More »

Britain to review security at Huawei cyber center

AJOT | July 17, 2013 | International Trade

Britain will review security at a cyber centre in southern England run by China's Huawei to ensure that the British telecommunications network is protected, the government said. Read More »

Canada May wholesale trade jumps on food, farm supplies

AJOT | July 17, 2013 | International Trade

Canadian wholesale trade grew by a stronger-than-expected 2.3 percent in May from April, the biggest monthly jump since January 2011, due mainly to higher sales of fertilizer and food, Statistics Canada said. Read More »

China hits US, South Korea with solar material duties, skirts EU decision

AJOT | July 17, 2013 | International Trade

China's Commerce Ministry issued preliminary anti-dumping duties on imports of U.S. and South Korean solar-grade polysilicon, but made no decision on tariffs on European Union exports of the raw material used to make solar panels. Read More »

Fiat’s Italian suppliers grab Chrysler lifeline

AJOT | July 17, 2013 | International Trade

In 2010 Italian carmaker Fiat made Dario Rinero a tempting offer: would the creator of exclusive handcrafted leather sofas make seats for the new Chrysler 300 sedan in the United States? Read More »

Include bank rule conflicts in trade talks, EU tells US

AJOT | July 17, 2013 | International Trade

A conflict over a US plan to force foreign banks to hold more capital should be part of talks about a free trade agreement between the United States and the European Union, a top EU official said. Read More »

Mexico’s Alfa says to build new autoparts plant for VW in Russia

AJOT | July 17, 2013 | International Trade

Mexican conglomerate Alfa said its autoparts unit Nemak plans to build a new plant to supply German carmaker Volkswagen in Russia, representing a $80 million investment. Read More »

Swiss exports slip in June on one less working day

AJOT | July 17, 2013 | International Trade

Swiss exports fell in June, weighed down by one less working day compared to the prior year period, while exports of watches, chemicals and machinery dropped, the Federal Customs Office said. Read More »

Thai banks cautious on loan growth as economy slows

AJOT | July 17, 2013 | International Trade

Thailand's big banks are feeling the impact of the country's economic slowdown and are tightening loan procedures amid a rise in bad debts, falling exports and lower-than-expected consumption. Read More »

US blames China for breakdown of trade talks

AJOT | July 17, 2013 | International Trade

The United States blamed China for a breakdown in trade talks aimed at eliminating tariffs on a new generation of technology products and everyday consumer electronics like speakers and flat-panel displays. Read More »

US trade chief avoids committing to address currency in trade pacts

AJOT | July 17, 2013 | International Trade

The top U.S. trade official said he shared congressional concerns about foreign currency practices that put U.S. companies at a disadvantage, but stopped short of committing to address the issue in pending trade pacts. Read More »

US will join EU’s case against Russia’s auto recycling fee

AJOT | July 17, 2013 | International Trade

The United States plans to join the European Union in a World Trade Organization case that challenges a Russian auto recycling fee program as an illegal trade barrier against imported cars, the top U.S. trade official said. Read More »

Blackstone to buy Agile Electric Works for $100 million

AJOT | July 16, 2013 | International Trade

U.S. private equity giant Blackstone Group LP has agreed to buy a majority stake in Indian auto parts maker Agile Electric Works, which controls Igarashi Motors, for about $100 million, two sources with direct knowledge of the matter told Reuters. Read More »

Brazil trade body sets anti-dumping penalties on GNO steel imports

AJOT | July 16, 2013 | International Trade

Brazil's Foreign Trade Chamber, a trade and industry body, implemented a series of anti-dumping penalties on imports of so-called GNO electrical steels from China, Taiwan and South Korea. Read More »

China exports slide raises doubts about currency policy

AJOT | July 16, 2013 | International Trade

China's bet that it could reap the benefits of a more powerful yuan without paying a price in competitiveness is looking increasingly risky. Read More »

China launches crackdown on pharmaceutical sector

AJOT | July 16, 2013 | International Trade

China announced a nationwide crackdown on the sale of illegal medicine and said it would tighten industry regulation, piling pressure on a sector already reeling from a bribery scandal at British drug maker GlaxoSmithKline. Read More »

France needs to restructure to regain food export power

AJOT | July 16, 2013 | International Trade

France should restructure its export system involving too many, mostly state-funded, organizations if it wants to reverse a trend that saw it fall to fifth place among world agrifood exporters, a Senate panel said. Read More »

South Korea export boom to ASEAN may be less than meets the eye

AJOT | July 16, 2013 | International Trade

South Korean exports to southeast Asian bloc of ASEAN jumped recently, but instead of showing the birth of a new market, it just adds to the evidence of Korean manufacturers hollowing out of home and now from China. Read More »

US groups say China jeopardizing new technology trade pact

AJOT | July 16, 2013 | International Trade

A U.S. industry group accused China of jeopardizing international negotiations to eliminate tariffs on close to 260 technology products by asking to exclude more than 100 of the products from the proposed deal to protect domestic manufacturers. Read More »

Chinese economic reforms front-and-centre in talks with US

AJOT | July 15, 2013 | International Trade

The United States won China's acknowledgement of U.S. concerns about cyber theft of intellectual property and commitments to limit subsidies to Chinese state-owned firms during high-level talks this week, the U.S. Treasury said. Read More »