News

ADB ratchets up Asia’ GDP growth forecast

The Asian Development Bank (ADB) forecasts in its latest report that Asia’s economy will expand by 6 percent in 2017, driven by stronger-than-expected exports and domestic consumption.

  • China extends anti-subsidy probe on EU potato starch imports

    BEIJING, Aug. 15 (Xinhua) -- China will prolong its anti-subsidy probe by one month on potato starch imported from the European Union, said the Ministry of Commerce (MOC) on Monday.

  • Camp Says Canada-Colombia Free Trade Puts U.S. at Disadvantage

    House Ways and Means Committee Chairman Dave Camp said a free-trade accord between Canada and Colombia that takes effect today puts the U.S. at a disadvantage and underscores the need to pass the nation’s own stalled agreements.

  • Bickering U.S. sees Canada-Colombia deal take force

    (Reuters) - Republican lawmakers fumed on Monday over potential lost American exports because of a free trade deal between Canada and Colombia that has taken force before President Barack Obama has even sent a five-year-old U.S.-Colombia agreement to Congress for a vote.

  • US, EU urge Philippines comply on WTO alcohol ruling

    WASHINGTON, Aug 15 (Reuters) - The United States and European Union on Monday urged the Philippines to quickly comply with a new World Trade Organization ruling by ending a discriminatory tax system against foreign alcoholic beverages like Jack Daniel's and Spain's Brandy de Jerez.

  • Philippines says to appeal WTO ruling on alcohol tax

    MANILA, Aug 16 (Reuters) - The Philippine government will ask the World Trade Organisation (WTO) to revisit a ruling that declared a tax levied on spirits from the European Union and the United States in violation of the trade body's rules, a senior official said on Tuesday.

  • Myanmar's marine products export earnings fall 16% in four months

    YANGON, Aug. 14 (Xinhua) -- Myanmar's marine products export earnings amounted to 150.78 million U.S dollars in the first four months (April to July) of the fiscal year 2011-12, decreasing by 16 percent from 180.18 million dollars in the same period of 2010- 11, the local Biweekly Eleven News reported Sunday.

  • Canada-Brazil Forging Ahead With Economic Cooperation

    Economic relations between Canada and Brazil continue to improve, with Canadian Prime Minister Stephen Harper declaring Brazil a "tremendously important part" of his government's plans for trade development in the Latin American region.

  • China annually exports ceramic art worth $1.5 bln

    BEIJING, Aug. 13 (Xinhua) -- China, the world's largest producer of ceramics, exports 2.2 billion ceramic works of art each year at a total value of 1.5 billion U.S. dollars, a national trade association said Saturday.