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WASHINGTON: The World Trade Organization on Friday issued a confidential preliminary ruling in a landmark case against China's export restrictions on raw materials used to manufacture steel, aluminum and chemical products. The United States, European Union and Mexico launched the case in 2009, complaining that Chinese export restrictions on minerals such as bauxite and magnesium discriminated against foreign manufacturers and gave an unfair advantage to domestic producers.

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Vietnamese exporters have overcome many challenges to meet their export target in over 16 commodities to achieve an export turnover of over US$1 billion. Exporters optimistic for the year According to the World Rubber Association, the demand for rubber in 2011 is expected to reach 11-15 million tons, but the natural rubber output in the world remains less than this figure. With the demand exceeding supply, rubber prices are expected to increase in 2011.

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India, the biggest sugar user, may permit exports of 500,000 metric tons as output tops demand for the first time in three years and after food inflation slowed to a two-month low, industry officials said. The government may take a decision as early as this week, Jonathan Kingsman, managing director of broker and researcher Kingsman SA, and Abinash Verma, director general of the Indian Sugar Mills Association, told a conference in Dubai today.

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The export of Vietnamese tra fish to Brazil is being delayed as Brazilian agencies have extended the time to grant tra import certificates from three to 120 days.

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PARIS—Negotiators from the world's leading economies haggled all night over seemingly technical details regarding how to measure global economic imbalances. They eventually produced a 53-word sentence intended to appease all sides—and open to interpretation by all sides. "It means what it means what it means, just like a rose is a rose is a rose," Christine Lagarde, France's finance minister, told reporters after emerging from the Group of 20 talks.

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BRUSSELS—The World Trade Organization on Friday will issue a preliminary report concluding that China has no legal right to impose export restrictions on nine raw materials, say trade diplomats and lawyers familiar with the case. The quotas, license requirements and other measures on industrial ingredients such as zinc and coke, many vital for making steel, have been a key irritant in China's simmering trade tensions with trading partners.

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India and Malaysia on Friday signed a landmark pact that paves the way for freer flow of trade in goods and services, besides enhanced investment and economic cooperation between the two countries.  The Comprehensive Economic Cooperation Agreement (CECA) was signed by Commerce Minister Anand Sharma and his Malaysian counterpart Mustapa Mohamed and witnessed by Prime Minister Najib Razak and several leading captains of industry from both sides.

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(Reuters) - India said on Friday it wanted the decade-long Doha round of global trade talks to be concluded this year, but said negotiators needed to work fast. Indian Trade Minister Anand Sharma, speaking to Reuters after signing a free trade agreement with Malaysia to help double bilateral trade to $15 billion by 2015, said major trading powers were "cautiously optimistic" a deal could be reached.

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PARIS — With the world’s economies moving at two different speeds, fast-growing developing countries are luring money at a pace that, if left unchecked, could set the stage for future problems, the Federal Reserve chairman, Ben S. Bernanke, said Friday.

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WASHINGTON -- Federal Reserve Chairman Ben Bernanke is urging countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis. At the same time, Bernanke is calling on nations with persistent trade deficits like the United States to narrow their budget shortfalls and save more.

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