International Trade

US eyes options in

AJOT | April 11, 2010 | International Trade

The United States is trying to find a way to comply with a World Trade Organization ruling against its anti-dumping procedures without damaging its ability to curb unfairly traded imports, a top U.S. trade official said. Read More »

EU rejects China complaint at WTO over shoe duties

AJOT | April 11, 2010 | International Trade

The European Commission rejected a complaint by China to the World Trade Organization that the EU executive's anti-dumping tariffs on imports of certain Chinese-made shoes breached WTO rules. Read More »

US currency push on China no slam dunk

AJOT | April 01, 2010 | International Trade

China's currency is clearly undervalued, but pressure on Beijing to make its currency rise in value won't trim the U.S. trade deficit with China or reduce the jobless rate, say American economists.

Political pressure is building on the Obama Read More »

India prepared to take EU to WTO over drugs

AJOT | April 01, 2010 | International Trade

India is ready to launch a formal dispute against the European Union at the World Trade OrganiZation over EU seizures of Indian generic drugs, the Indian Trade Secretary said. Read More »

Brazil Feb trade surplus rises less than expected

AJOT | April 01, 2010 | International Trade

Brazil posted a lower-than-expected trade surplus of $668 million in March, compared with a surplus of $394 million in February, the trade ministry said. Read More »

Egypt’s GASC buys 60,000 tons of Russian wheat

AJOT | April 01, 2010 | International Trade

Egypt's main government wheat buyer said on he had bought 60,000 tons of Russian wheat for June 1-15 shipment, on a free on board basis.

Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown Read More »

TFS eyes Indian sandalwood growth in Australia

AJOT | April 01, 2010 | International Trade

Australia's TFS Corp , the largest grower of Indian sandalwood outside of India, plans to acquire a second planting site in Western Australia to expand by four times its capacity for growing the valuable aromatic tree.

TFS, which produces san Read More »

China to discuss Iran sanctions; Hu to visit U.S.

AJOT | April 01, 2010 | International Trade

China has agreed to serious negotiations with Western powers about imposing new sanctions on Iran and President Hu Jintao will attend a multi-nation summit on nuclear security in Washington this month, officials said.

The two moves should dil Read More »

Russia dominates neighbours in new customs union

AJOT | April 01, 2010 | International Trade

Russia's partners in a new customs union, Kazakhstan and Belarus, are getting cold feet about a pact designed to boost trade between the trio of ex-Soviet states and add clout to their WTO accession talks. Read More »

Russia lifts import bans on U.S. pork

AJOT | March 29, 2010 | International Trade

Eighteen U.S. pork plants will be able to resume shipments to Russia within days after Moscow lifted a ban that had closed the United States' fifth-largest export market for several months, officials said. Read More »

U.S. steel executives press Congress on China yuan

AJOT | March 29, 2010 | International Trade

U.S. steel executives urged Congress to get tough with Beijing on trade, while a Chinese official pressed President Barack Obama's administration not to label his country a "currency manipulator" with an undervalued yuan.

"We are in a trade w Read More »

US companies suddenly shy over China yuan squabble

AJOT | March 29, 2010 | International Trade

Many big U.S. industrial companies are counting on China's economy to drive growth, a bet unsettled by Washington's recent saber-rattling on Beijing's closely managed currency. Read More »

McDonald’s sees 2,000 stores in China by 2013

AJOT | March 29, 2010 | International Trade

McDonald's Corp expects China to be the engine of growth in the Asia Pacific over the next five years and predicts a good first quarter for same-store sales in the Asia, Middle East and Africa region.

The firm expects to have more than 2,000 Read More »

U.S. mulling financial services complaint vs China

AJOT | March 29, 2010 | International Trade

The United States has talked with U.S. credit cards companies about barriers they face in China and is mulling the best step for cracking open that market, the top U.S. trade official said. Read More »

Taiwan using China trade deal to sell foreign FTAs

AJOT | March 29, 2010 | International Trade

Taiwan has leveraged its goal of a landmark trade deal with China to open talks with Japan, the United States and other powers on free trade deals expected to boost the long-isolated island economy, officials said.

Appealing to countries that Read More »

Two top US trade envoys approved after long delay

AJOT | March 29, 2010 | International Trade

Two top U.S. trade negotiators whose jobs had been in limbo in the Senate for six months were put into office by President Barack Obama on an interim basis.

Michael Punke, the U.S. ambassador to the World Trade Organization, and Isi Siddiqui, chief U. Read More »

Philippine alcohol tax bad for Jack Daniel’s

AJOT | March 29, 2010 | International Trade

Philippine alcohol taxes discriminate against Jack Daniel's, Jim Beam and other American brands and should be struck down, U.S. officials urged the World Trade Organization. Read More »

US lawmakers urge trade action vs China

AJOT | March 29, 2010 | International Trade

A group of Democratic lawmakers urged U.S. President Barack Obama to take immediate action to resolve a long list of trade disputes with China, the European Union and other countries. Read More »

U.S. and EU eye talks to end subsidy row

AJOT | March 29, 2010 | International Trade

Washington hopes a WTO report on EU subsidies for Airbus will help resolve a row over U.S. and European support for their rival aircraft industries, U.S. Trade Representative Ron Kirk said. Read More »

China makes its case for a steady yuan

AJOT | March 29, 2010 | International Trade

China reaffirmed its determination to keep the yuan steady, rejecting U.S. arguments that a stronger exchange rate is needed to help iron out global trade imbalances.

On a busy day for official pronouncements, a deputy central bank governor p Read More »