The sugar industry, which is burdened with a massive surplus stock and alarmingly low prices, is eagerly awaiting the government’s announcement on the continuation of the export subsidy on raw sugar exports.
The Economic Co-ordination Committee (ECC) of the Cabinet has approved a subsidy of Rs 6 billion for the export of 1.2 million tons of surplus wheat available with Punjab and Sindh governments. A participant of the meeting, who requested anonymity, said that Ministry of Food Security and Research had proposed the export of 3 million tons but the ECC meeting chaired by Finance Minister Ishaq Dar decided to allow export of 1.2 million tons.
U.S. Trade Representative Michael Froman formally delivered the United States’ letter of acceptance of the WTO Trade Facilitation Agreement to WTO Director General Roberto Azevêdo today in Davos, Switzerland. The delivery of the letter is the final step that the United States must take toward the entry into force of this hard won agreement that promises to improve trade efficiency and is projected to generate hundreds of billions of dollars in economic activity.
(Reuters) - Japan has offered to import more rice from the United States in a compromise aimed at pushing forward the Asia-Pacific regional trade talks, the Nikkei reported on Sunday.
The United States International Trade Commission (ITC) approved the antidumping duties on solar products from China and Taiwan. Customs duties of more than 50 % will be imposed on solar modules made in China and approximately 20 % duties on solar modules from Taiwan.