International Trade

US steel imports decline in August over July on weakening demand and increased supply

AJOT | October 02, 2011 | International Trade

Imports decreased again in August compared to July by 6.9 percent, according to preliminary government data. Read More »

Brazil alters tax credit for coffee exporters

AJOT | October 02, 2011 | International Trade

Brazil will alter rules for a system of taxes on which some coffee industry players have been able to claim credits when exporting, the official government gazette said. Read More »

Senators eye October approval of China currency bill

AJOT | September 27, 2011 | International Trade

A bipartisan group of U.S. senators said they expected the Senate to pass a bill in October that would crack down on Chinese currency practices that they said are costing American jobs.

A key provision would direct the Commerce Department to treat cur Read More »

EU sees Ukraine, Georgia trade progress this year

AJOT | September 27, 2011 | International Trade

The European Union hopes to sign a trade deal with Ukraine and open trade talks with Georgia by the end of the year despite concerns over energy policy, farm goods and corruption, an EU trade official said.

The deal with Ukraine is designed to stimula Read More »

India seeks more trade with reclusive neighbour Myanmar

AJOT | September 27, 2011 | International Trade

India plans to double trade with isolated, energy-rich Myanmar in the next four years as the emerging Asian power competes with China for influence and resources in the region.

India is hungry for resources to feed its expanding economy and is eager t Read More »

Senate nears vote on program blocking US trade deals

AJOT | September 27, 2011 | International Trade

The U.S. Senate appeared set to approve a program to help workers displaced by foreign competition, which business groups hope will pave the way for action on three long-delayed trade deals.

The Senate is expected to pass a revamped Trade Adjustment A Read More »

India and Pakistan push fragile ties with trade diplomacy

AJOT | September 27, 2011 | International Trade

The trade ministers of India and Pakistan meet in New Delhi to discuss measures to overhaul ragged commercial ties which should help bolster a fragile peace process between the nuclear armed neighbours.

Wednesday's meeting is part of this year's resum Read More »

China destabilizing world economy

AJOT | September 27, 2011 | International Trade

China is destabilizing the global economy with its currency policy, the European Union's trade chief said in comments published in a German newspaper.

European Trade Commissioner Karel De Gucht, who as the EU's trade negotiator is known to take a toug Read More »

China lures WTO to brink of procurement deal

AJOT | September 27, 2011 | International Trade

Forty-two countries are close to agreeing an upgrade of their Global Procurement Agreement (GPA), a reform that could unlock tens of billions of dollars of commercial opportunities, and many times more if China gets on board, trade sources said. Read More »

WTO cuts trade growth forecast, cites economic turmoil

AJOT | September 27, 2011 | International Trade

The World Trade Organization, citing turmoil in the global economy, cut its forecast for the growth of trade in 2011 from the 6.5 per cent it predicted in April to 5.8 per cent, and warned that the final figure could be lower.

The WTO said the move re Read More »

Coca-Cola ramps up Russian investment

AJOT | September 27, 2011 | International Trade

Coca-Cola plans to invest close to $3 billion in Russia over the next five years as part of its strategy to build its presence in big and fast-growing emerging markets, Chief Executive Muhtar Kent told Reuters Insider television.

"Our plan calls for u Read More »

Starbucks eyes growth in US Europe, Russia

AJOT | September 27, 2011 | International Trade

Starbucks Corp's chief executive expressed confidence in the future of the economies of the United States and Europe and said the group was planning to open at least 200 new stores in its home market next year. Read More »

US disappoints Whirlpool in case versus South Korea

AJOT | September 11, 2011 | International Trade

The U.S. Commerce Department dealt a blow to 100-year-old American manufacturer Whirlpool's push for duties on a flood of lower-priced refrigerators made by South Korean competitors.

In a preliminary ruling, the department said LG Electronics, Samsung Read More »

Toyota aims for quake-proof supply chain

AJOT | September 11, 2011 | International Trade

Toyota Motor Corp is working to create a robust supply chain that would recover within two weeks in the event of another massive earthquake like the one on March 11 that is still affecting output after six months, a top executive said.

Toyota and othe Read More »

Locke calls for open trade, investment in China

AJOT | September 11, 2011 | International Trade

China and the United States should reduce trade and investment barriers to create jobs, U.S. Ambassador to China Gary Locke said on Friday, striking a broadly cooperative tone in his first official public address since assuming the position in August. Read More »

US trade deals face tricky path to approval

AJOT | September 11, 2011 | International Trade

After a heated fight this summer over the U.S. debt ceiling, cooler-headed Republicans and Democrats could come together this fall to pass three long-delayed free trade agreements.

But to get past distrust built up on each side, business groups such a Read More »

Braskem sees US as launchpad for growth

AJOT | September 11, 2011 | International Trade

Braskem, the largest petrochemical company in the Americas, will focus international expansion on the United States even as it considers building "green" plastics factories in Mexico and Asia, Chief Executive Carlos Fadigas told Reuters.

U.S. growth w Read More »

Italy 2011 jewellery export seen down as gold bites

AJOT | September 11, 2011 | International Trade

Jewellery exports from Italy, Europe's top producer and exporter, are expected to fall about 10 percent in volume in 2011 as surging gold prices and global economic uncertainty hit consumer demand, senior industry officials said.

Gold prices have stor Read More »

China August trade surplus dips, exports off peak

AJOT | September 11, 2011 | International Trade

China's trade surplus fell sharply in August as exports pulled back from a record high and imports jumped, indicating the world's second-largest economy is feeling the pinch from weaker global growth while domestic demand remains resilient.

China's ex Read More »

China probes some steel imports from Japan, Europe

AJOT | September 11, 2011 | International Trade

China has begun an anti-dumping investigation of some high-grade stainless steel seamless tubes imported from Japan and Europe, the Ministry of Commerce said.

In an announcement on its website, the ministry said it would evaluate the impact of such im Read More »