International Trade

Smithfield’s China deal spurs heparin heart drug safety concerns

AJOT | July 25, 2013 | International Trade

U.S. lawmakers are concerned a Chinese company's planned $4.7 billion acquisition of pork producer Smithfield Foods Inc could affect the safety and availability of heparin, a blood-thinner widely used in heart surgery and kidney dialysis that is derived f Read More »

Why China pays over the odds for its medicines

AJOT | July 25, 2013 | International Trade

China has a drug problem. While most Western countries spend 10-12 percent of their healthcare budget on medicines, in China it is well over 40 percent, a disparity that goes to the heart of Beijing's crackdown on the industry. Read More »

Biden seeks to assure India on Afghanistan, presses on trade

AJOT | July 24, 2013 | International Trade

US Vice President Joe Biden sought to ease Indian concern about a possible political settlement with the Afghan Taliban, saying the insurgents would have to give up ties to al Qaeda and accept the Afghan constitution that guarantees equal treatment to wom Read More »

China group urges tougher restrictions on solar material imports

AJOT | July 24, 2013 | International Trade

Chinese manufacturers are pressuring Beijing to take further measures to curb imports of raw materials used to make solar panels to help revive an ailing green-energy sector, an industry official said. Read More »

China growth picture may dim but for Caterpillar it’s a bright spot

AJOT | July 24, 2013 | International Trade

Few U.S. companies have had a harder time in recent months defending their enthusiasm for China than Caterpillar Inc. Read More »

China’s Hanergy buys US solar panel maker in technology push

AJOT | July 24, 2013 | International Trade

China's Hanergy Holding Group Ltd said it had acquired U.S. firm Global Solar Energy Inc, its third overseas purchase of a solar company in the past year as it beefs up its solar panel production technology. Read More »

EU-China solar deal hinges on price as deadline nears

AJOT | July 24, 2013 | International Trade

Beijing's envoys have agreed central elements of a deal with the European Union that may yet avert punitive duties on Chinese solar panels that the bloc plans to impose next month, Chinese and European sources said. Read More »

Leaving struggling WTO, Lamy tells member states to try harder

AJOT | July 24, 2013 | International Trade

Pascal Lamy signed off as head of the World Trade Organization with criticism of the way the 159 member countries try - and usually fail - to agree new trade deals. Read More »

US lawmaker worried NSA snooping will hurt digital trade

AJOT | July 24, 2013 | International Trade

A US lawmaker said he was worried revelations about US surveillance activity on the Internet could encourage governments to erect new barriers to digital trade just as United States is pushing to tear existing ones down. Read More »

Apple wobbles in China as rivals offer more, for less

AJOT | July 23, 2013 | International Trade

A sharp drop in Apple Inc's China revenue in April-June underscores the challenges it faces in its second-largest market as the technology gap with cheaper local rivals narrows and as Samsung Electronics keeps up a steady stream of new models across all p Read More »

Brazil seeks Mercosur flexibility to accelerate EU trade talks

AJOT | July 23, 2013 | International Trade

Brazil wants to change the way the regional trade bloc Mercosur negotiates trade agreements with the European Union to speed up talks that have been going since 1995, a senior Brazilian government official told Reuters. Read More »

Japan files WTO dispute against Russia over car import levy

AJOT | July 23, 2013 | International Trade

Japan has filed a trade complaint against Russia over a fee it levies on car imports, the World Trade Organization (WTO) said on Wednesday, following a similar move by the European Union. Read More »

More foreign pharmaceutical firms could be probed in China

AJOT | July 23, 2013 | International Trade

China's official news agency hinted that more foreign pharmaceutical firms could soon be implicated in a corruption scandal sweeping the industry, in the wake of bribery accusations against British drugmaker GlaxoSmithKline. Read More »

US opens probe into steel pipe imports from 9 countries

AJOT | July 23, 2013 | International Trade

The U.S. Commerce Department launched one of its biggest trade investigations in years into charges that manufacturers in South Korea, India and seven other countries are selling steel pipe used by oil and natural gas producers at unfairly low prices in t Read More »

EU extends duties in Chinese imports of ironing boards

AJOT | July 22, 2013 | International Trade

The European Union has renewed anti-dumping duties on ironing boards imported from China for a further five years, but lifted corresponding tariffs on the product from Ukraine. Read More »

US businesses urge Biden to press India on concerns

AJOT | July 22, 2013 | International Trade

US business groups urged Vice President Joe Biden to press India's leaders to reverse course on a number of government policies they said unfairly harm US companies that do business in the world's largest democracy. Read More »

US-led trade talks gain heft, complexity as Japan joins

AJOT | July 22, 2013 | International Trade

Japan joined US-led trade talks, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can prise open sensitive sectors such as farm goods and state-linked firms. Read More »

Biden to praise benefits of ‘rules of the road’ in Asia visit

AJOT | July 21, 2013 | International Trade

Vice President Joe Biden will press India to do more to open up trade and protect intellectual property during a trip to the Asia-Pacific region next week that will also highlight US concern about aggressive Chinese navy patrols in the oil-rich South Chin Read More »

Taiwan June export orders shrink for 5th month, China demand falls

AJOT | July 21, 2013 | International Trade

Taiwan's June export orders unexpectedly contracted for a fifth straight month, slipping 3.5 percent from a year earlier, as demand from China waned. Read More »

US FTC approves GE purchase of Avio’s aviation business

AJOT | July 21, 2013 | International Trade

The US Trade Representative's Office outlined a series of steps that it urged Bangladesh to take to improve factory conditions and workers rights in order to have US trade benefits restored. Read More »