G20 sees need for 'dialogue,' fails to defuse trade war threat

The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to defuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China.

  • Africa Targets Free Trade Area By 2017

    The statement issued at the end of the 18th summit of the African Union (AU) has confirmed that African countries will target the establishment of a continental free trade area (CFTA) by 2017.

  • WTO okays EU trade help for Pakistan

    Feb 1 (Reuters) - A World Trade Organisation committee meeting on Wednesday approved a European Union waiver on duties for 75 products from Pakistan, a scheme intended to boost textile exports to help Pakistan recover from massive floods in 2010.

  • WTO Establishes Three Trade Dispute Panels

    The World Trade Organization (WTO) has confirmed the creation of two panels to mediate on cases relating to Chinese anti-dumping and countervailing duties, and a third to examine Canadian support to local manufacturers of clean-tech products in cases brought by the European Union and Japan.

  • Russia bans cattle imports from EU

    MOSCOW, Feb. 1 (Xinhua) -- Russia imposed a temporary ban Wednesday on cattle import from several EU countries after the outbreak of Schmallenberg virus there.

  • Peru’s agricultural sector to benefit from FTA with India

    Peru’s agricultural sector would take advantage of the Free Trade Agreement (FTA) to be signed with India, one of the fastest growing countries in the world.

  • Lawmakers urge U.S. to press China currency at WTO

    (Reuters) - Two top lawmakers on Tuesday urged President Barack Obama's administration to broaden efforts to pressure China to change its currency practices by raising the issue at a World Trade Organization symposium in March.

  • US, Japan Make Progress On Trade Issues

    The United States and Japan have seen “important progress” on a range of trade and regulatory issues, as well as on new areas of joint cooperation, that should expand trade opportunities for producers and consumers in both countries.

  • India, Israel to hold another round of talks on Free Trade Agreement

    PTI/NEW DELHI: India and Israel will hold another round of negotiations by the end of March on signing the Free Trade Agreement (FTA) to achieve a bilateral trade figure of USD 10-15 billion per year.