International Trade

US steel exports increase strongly in March

AJOT | May 17, 2011 | International Trade

Steel exports increased in March by 19 percent over February according to government data. 'We believed that the low levels of exports in February could have been due to logistics disruptions related to weather in February and the shortness of the month, Read More »

White House draws worker aid line over trade pacts

AJOT | May 17, 2011 | International Trade

The White House will not submit legislation to Congress to implement free trade pacts with South Korea, Panama and Colombia without a deal to extend aid to U.S. workers affected by overseas competition, senior officials said.

The Obama administration Read More »

China offers concession on key US trade irritant

AJOT | May 17, 2011 | International Trade

China pledged to make it easier for U.S. companies to win Chinese government contracts, addressing a long-standing complaint of foreign corporations seeking a piece of the fast-growing market.

The pledge was made in two days of talks between the world Read More »

India’s April exports surge amid demand concerns

AJOT | May 17, 2011 | International Trade

India's April exports surged by more than a third on demand for engineering goods, gems and oil products, but concerns persist over an uncertain outlook in the United States and Europe which could crimp demand, Trade Secretary Rahul Khullar said.

Good Read More »

EU proposes overhaul of trade preferences scheme

AJOT | May 17, 2011 | International Trade

The European Union plans to end tariff benefits for dozens of countries that have outgrown the need for preferential trade treatment under sweeping reforms presented by the bloc's trade chief.

Brazil, Argentina, Russia, Saudi Arabia and scores of othe Read More »

Botswana trade deficit at record high in February

AJOT | May 12, 2011 | International Trade

Botswana's trade deficit widened to a record high of 2.25 billion pula (US$335 million) in February on a sharp fall in diamond and beef exports, Statistics Botswana said.

Statistics Botswana said the trade shortfall widened from 197 million pula in Ja Read More »

China rules US carmakers are guilty of dumping

AJOT | May 12, 2011 | International Trade

China has found some U.S.-made passenger cars benefited from unfair subsidies, damaging its carmakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties.

That decision could ease fractious U.S.- Read More »

Italy steel exports lag imports Jan-Feb-Federacciai

AJOT | May 12, 2011 | International Trade

Steel exports from Italy, the European Union's No. 2 producer after Germany, rose 15 percent year-on-year to 2.724 million tons in the first two months of 2011, lagging behind surging import volumes, industry data showed.

Total steel imports into Ital Read More »

Taiwan April exports jump; Japan demand recovers

AJOT | May 12, 2011 | International Trade

Taiwan's exports grew faster than expectations in May, buoyed by demand for the island's hi-tech gadgets and machinery, with strong growth in exports to the U.S. and exports to Japan rebounding in a sign that its major quake in March may have had less imp Read More »

BMW to invest $1.4 blllion in China to tap Asia growth

AJOT | May 12, 2011 | International Trade

BMW said it will invest around 1 billion euros ($1.44 billion) to expand production capacity in China as it seeks to capture surging sales growth in the world's biggest auto market.

BMW is almost doubling its initially planned investment and productio Read More »

Bangladesh April exports surge 46% on apparel sales

AJOT | May 12, 2011 | International Trade

Bangladesh's exports surged 45.56 percent in April from a year earlier to $2.036 billion, boosted by ready-made garments sales, helped by a continuing shift in production from China to the lower-cost South Asian country.

Exports for July to April, the Read More »

GE sees SE Asia sales rising, to invest $1 blllion

AJOT | May 12, 2011 | International Trade

General Electric Co , the largest U.S. conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.

GE, the world's largest maker of jet eng Read More »

China extends anti-dumping duties on synthetic rubber

AJOT | May 12, 2011 | International Trade

China said it would extend for five years existing anti-dumping duties on a type of synthetic rubber imported from Japan, the European Union and the United States.

China's Ministry of Commerce said duties on imported neoprene, originally imposed in 20 Read More »

New EU trade plan attracts broad internal criticism

AJOT | May 12, 2011 | International Trade

The European Union's trade chief has proposed opening the EU to more imports from developing countries, fuelling a debate about protectionism and the bloc's ties with trade partners such as Pakistan.

Trade Commissioner Karel De Gucht's office has prop Read More »

Wal-Mart to spend $759 mlllion in Brazil this year

AJOT | May 04, 2011 | International Trade

Wal-Mart Stores Inc , the world's biggest retailer, will invest 1.2 billion reais ($759 million) in Brazil this year to tap buoyant consumer demand in Latin America's largest economy, the unit's top executive.

Wal-Mart Brasil Chief Executive Marcos Sa Read More »

US says no decision yet on trade votes timing

AJOT | May 04, 2011 | International Trade

The Obama administration is ready to begin work with Congress on bills to implement free trade pacts with Colombia, South Korea and Panama but no decision has been made yet on the timing or sequencing of votes, a senior administration official said. Read More »

Paccar plans $200 mlllion truck factory in Brazil

AJOT | May 04, 2011 | International Trade

Paccar Inc plans to invest around $200 million over two years to build a truck factory in Brazil, Valor Economico newspaper reported. Read More »

South Korea parliament approves EU free trade bill

AJOT | May 04, 2011 | International Trade

South Korea's parliament approved a free trade bill with the European Union on Wednesday, clearing the last obstacle for the pact to take effect in July that is expected to boost the value of trade in goods between them to about 100 billion euros.

A t Read More »

Siemens seeking acquisitions to tap broad growth

AJOT | May 04, 2011 | International Trade

Siemens AG, a bellwether of the euro zone's biggest economy, is looking for acquisitions of up to 3 billion euros to boost core areas after raising its full-year outlook on strong demand from emerging markets.

Siemens, whose products range from hearin Read More »

BMW cruises through first quarter on China demand

AJOT | May 04, 2011 | International Trade

BMW outshone its rivals with a sharp increase in first quarter sales, fuelled by demand for the German group's cars from China and the United States.

BMW's sales in China jumped 72 percent in the first quarter as a growing army of super-rich in the co Read More »