News

The European Commission agreed to submit EVFTA to the European Council

Vietnam and the European Union (EU) made another move pushing their free trade agreement and Investment Protection Agreement (IPA) into place, during Prime Minister Nguyen Xuan Phuc’s visit to Europe.

  • China MOF: To Apply Lower Import Duties On Over 600 Items In 2011

    SHANGHAI -(Dow Jones)- China will apply lower import duties on over 600 energy-related, basic material items and certain electronic parts in 2011 to meet demand and foster economic structure adjustments, the Ministry of Finance said in a statement Tuesday.

  • Bahamas: 'Bilateral' WTO member talks to start 'early in New Year'

    The Bahamas is expected to start bilateral discussions on its bid to accede to full World Trade Organisation (WTO) membership early in the New Year, with the US first up, as it bids to have its initial goods (market access) offer ready for June 2011's working party meeting.

  • "Win-Win for All "as Russia Joins WTO To Boost Its Economy

    By signing an MoU on economic issues with the European Union, Russia has moved all the more closer to joining the WTO. Despite the usual norm of 5-7 years required for a country's accession into WTO, in Russia's case the negotiations have lasted for over 17 years and it appears that Russia would join the WTO in 2011.

  • WTO to force 50% Bahamas tariff reduction

    A CARICOM trade specialist warned yesterday that the revenue losses the Bahamas will suffer from signing on to the Economic Partnership Agreement (EPA) with Europe will be little compared to the "much more significant impact" that will be felt from new free trade deals with the US and Canada.

  • Timber export duty compromise possible after Russia's WTO accession – Putin

    Prime Minister Vladimir Putin said Friday that a compromise on the issue of export duties on Russian round timber is possible after the country joins the World Trade Organization.

  • Azerbaijan holds talks with 12 countries on WTO admission

    Azerbaijan is holding talks with 12 countries for the admission to the World Trade Organization (WTO), Deputy Foreign Minister of Azerbaijan Mahmud Mammadguliyev told journalists.

  • Software group eyes wants deal in US-China talks

    WASHINGTON, Dec 9 (Reuters) - Microsoft (MSFT.O: Quote, Profile, Research, Stock Buzz), Adobe (ADBE.O: Quote, Profile, Research, Stock Buzz) and other U.S. software manufacturers are pressing the Obama administration for a deal with China next week that could spur billions of dollars of additional U.S. software exports, an industry official said on Thursday.

  • Australia to Review Trade Policy in 2011, May Lower Tariffs, Emerson Says

    Australia will release a trade policy review next year that may propose tariff reductions, Trade Minister Craig Emerson said, calling a dispute about foreign-exchange rate advantages in the global economy a “zero- sum game.”