International Trade

Japan PM renews push for free trade, close U.S. ties

AJOT | January 23, 2011 | International Trade

Prime Minister Naoto Kan renewed his commitment to open up Japan's market to capitalise on overseas growth and stuck to a June deadline to decide whether to join a U.S.-led free trade initiative.

In a foreign policy speech, Kan also reaffirmed the imp Read More »

WTO members get down to hard graft of negotiations

AJOT | January 23, 2011 | International Trade

WTO members are getting down to the technicalities of a new global trade deal, suggesting the right spirit of compromise to clinch agreement may at last be within reach, negotiators and officials said.

Swiss ambassador Luzius Wasescha, who chairs talk Read More »

WTO backs South.Korea in dispute, U.S. does not defend

AJOT | January 23, 2011 | International Trade

A World Trade Organization panel backed South Korea in a challenge to a controversial U.S. method for calculating duties on unfairly priced imports, after the United States offered no defence in the dispute.

The ruling is the latest in a series of def Read More »

Changan in talks to export China-made Ford cars

AJOT | January 23, 2011 | International Trade

Ford Motor is in talks with its Chinese partner, Chongqing Changan Automobile Co, to export China-made Ford vehicles to emerging markets, two people familiar with the matter told Reuters.

Ford, which competes with General Motors among others in the wo Read More »

Scotch whisky exports head for a record

AJOT | January 23, 2011 | International Trade

Scotch whisky exports are headed for record sales, boosted by strong demand from status-conscious connoisseurs in new markets in China, India, Russia and Brazil, Deputy Prime Minister Nick Clegg said.

On a visit to a distillery in Keith, Scotland, Cle Read More »

China 2010 rare earth exports slip, value rockets

AJOT | January 23, 2011 | International Trade

China's exports of vital rare earth elements used for numerous high-tech goods slipped almost one-tenth last year but the overall value rocketed as quota cuts lifted international prices, data showed.

China, which produces about 97 percent of the glob Read More »

Is a solar trade war about to flare?

AJOT | January 23, 2011 | International Trade

Germany's fifth-biggest solar power park emerges as a smudge on the horizon long before you reach it on the outskirts of the small, sleepy village of Eberswalde, an hour's drive north of Berlin. "In the far distance, you can see it," Peter Kobbe says, poi Read More »

India to sign free trade deals with Japan, Malaysia in February

AJOT | January 23, 2011 | International Trade

India has finalised free trade agreements (FTA) with Japan and Malaysia and will sign the deals in February, the country's minister for commerce and industry, Anand Sharma, said.

Sharma, talking to reporters at a conference in Singapore, said he expec Read More »

Steel exports increase in November on shipments to EU and non-NAFTA America

AJOT | January 23, 2011 | International Trade

Steel exports increased in November compared to October by 2.2 percent according to government data. 'Despite a decline in shipments to the US's largest export markets, Canada and Mexico, exports rose in November due to increased exports to the EU and no Read More »

China inks deals to buy $1.8 blllion worth of US soy

AJOT | January 23, 2011 | International Trade

A Chinese business group signed agreements Thursday to buy just over 3 million tons of soybeans from the United States worth about $1.8 billion, cementing agricultural trade ties between the two countries.

The delegation, led by Chinese Vice Minister Read More »

EU sanctions not biting Ivorian cocoa trade

AJOT | January 23, 2011 | International Trade

The Ivory Coast cocoa trade is carrying on business as usual regardless of European Union sanctions intended to pressure incumbent Laurent Gbagbo to quit, and any tougher action is not on the cards for now.

In the latest international effort to squeez Read More »

China buyers try to cancel U.S. DDGS shipments

AJOT | January 23, 2011 | International Trade

Buyers in China, the world's largest buyer of distillers' dried grains (DDGS), are trying to cancel U.S. shipments to avoid possible fees if an investigation finds U.S. suppliers were dumping the goods below cost, traders said.

Buyers are trying to ca Read More »

EU prepares to challenge China export credit

AJOT | January 23, 2011 | International Trade

European trade officials have requested industry data that could allow the European Union to challenge China over cheap credit to Chinese firms, according to EU officials and correspondence seen by Reuters.

The initiative, led by the EU executive, the Read More »

Uruguay beef export volume falls 6% in 2010

AJOT | January 23, 2011 | International Trade

Beef exports from Uruguay fell around 6 percent in volume in 2010, the government-run beef institute said, adding that meat shipments from the world's No. 7 supplier should be steady this year.

At the same time, Uruguay's beef exports rose 16.3 percen Read More »

EU, China seek appeal delay in WTO fasteners case

AJOT | January 23, 2011 | International Trade

The European Union and China are jointly seeking an extension of the deadline to lodge an appeal in a World Trade Organization dispute panel ruling condemning EU duties on Chinese screws and bolts.

A document published on the WTO website made it clear Read More »

India’s exports pick up but

AJOT | January 16, 2011 | International Trade

India's exports accelerated in December as demand for its vehicles, engineering goods and petroleum products remained robust, but global economic uncertainty will likely make 2012 a difficult year, Trade Secretary Rahul Khullar said. Read More »

US Treasury’s Geithner: China needs faster yuan rise

AJOT | January 13, 2011 | International Trade

U.S. Treasury Secretary Timothy Geithner said that China needs to raise the value of the yuan more quickly and faster progress could pave the way for greater access to U.S. high-tech goods.

Offering a carrot-and-stick approach ahead of a state visit b Read More »

China, Korea moves underscore rising food prices

AJOT | January 13, 2011 | International Trade

China dumped plans to import several million tons of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.

In India, where vegetable prices have risen more than Read More »

US Democrat to revisit Colombia trade pact on trip

AJOT | January 13, 2011 | International Trade

A senior U.S. Democratic lawmaker opposed to a free trade agreement with Colombia headed to that country to see what progress has been made on labor concerns related to the pact.

Representative Sander Levin's "purpose is essentially a fact-finding mis Read More »

EU’s China, Vietnam shoe duties to expire April 1

AJOT | January 13, 2011 | International Trade

EU tariffs on footwear from China and Vietnam will expire at the end of March following a decision by European shoemakers to abandon the duties as a way of tackling Asian competition, an EU spokesman said.

"Given that the European shoemakers' associat Read More »