News

News

The U.S. International Trade Commission (USITC) has voted to institute an investigation of certain soft-edged trampolines and components thereof. The products at issue in this investigation are trampolines designed so no hard surfaces or components are situated adjacent to the surface of the trampoline mat.

More

Canada and Norway today (24/01) launched an appeal against the WTO panel report on the EU’s ban on importation and marketing of seals products. The WTO panel had previously rejected Canada’s and Norway’s claims against the ban. The WTO ruling confirmed that the ban is justified on moral grounds relating to animal welfare concerns with regard to the way in which the seals are killed. The Commission will continue to vigorously defend the ban upon appeal as it was imposed in reaction to genuine concerns of EU citizens.

More

Export turnover of agro-aquatic-forestry products nationwide for the very first month of this year reached a modest 2.32 billion USD, reducing by 9.7 percent from one year ago, according to the Ministry of Agriculture and Rural Development.  While exports of farm produce decreased by 17.9 percent year on year to 1.17 billion USD, forestry produce registered a 3.3 percent rise to 534 million USD and aquatic products fetched 552 million USD, up 13.9 percent. 

More

The White House sent a strong signal Monday of its desire to create a huge Pacific free trade area, despite the slippage of its year-end deadline for the 12-nation project. President Barack Obama gathered senior trade advisors in the Oval Office and invited news photographers to document the meeting, in the wake of the latest ministerial talks last week on the Trans-Pacific Partnership (TPP) in Singapore. “This remains a top priority of the president because of the positive economic benefits that come from it,” White House spokesman Jay Carney said.

More

With the New Year the corporate lobbyists and the Obama administration are stepping up their drive for passage of the Trans-Pacific Partnership (TPP), the new trade deal being negotiated in secret by the United States and eleven countries in the Pacific region. The key at the moment is Congressional approval of fast-track authority. This would give any agreement a straight up or down vote on an accelerated timetable.

More

During a meeting on January 21 in Seoul between South Korea's Deputy Prime Minister and Minister of Strategy and Finance, Hyun Oh-seok, and the Vietnamese Deputy Prime Minister Nguyen Xuan Phuc, it was agreed to accelerate the on-going negotiations for a free trade agreement (FTA) between the two countries.

More

HANOI, Jan. 22 (Xinhua) -- Vietnam earned some 2.5 billion U.S. dollars from exporting over 1 million tons of rubber in 2013, down 11.7 percent year-on-year in value and up 6.7 percent in volume, said Vietnam's General Statistics Office on Wednesday. In December alone, the country sold 140,000 tons of rubber to overseas market, pocketing 307 million U.S. dollars, said the office. China maintained the largest importer of Vietnamese natural rubber in 2013 as importing 400,000 tons worth 280 million U.S. dollars, accounting for about 50 percent of Vietnamese rubber exports.

More

The US Trade Representative Michael Froman accused Beijing of not complying with a World Trade Organisation (WTO) ruling to drop duties on high-tech steel imports.Mr Froman said China continued to block imports of US flat-rolled electrical steel, used in transformers, electric motors and generators, despite a WTO ruling in America's favour."The WTO found that China's duties are inconsistent with WTO rules. We were right and China was wrong," Mr Froman told reporters. "Unfortunately, it appears that China has not corrected those inconsistencies."

More

HANOI, Jan. 22 (Xinhua) -- Vietnam earned some 2.5 billion U.S. dollars from exporting over 1 million tons of rubber in 2013, down 11.7 percent year-on-year in value and up 6.7 percent in volume, said Vietnam's General Statistics Office on Wednesday. In December alone, the country sold 140,000 tons of rubber to overseas market, pocketing 307 million U.S. dollars, said the office. China maintained the largest importer of Vietnamese natural rubber in 2013 as importing 400,000 tons worth 280 million U.S. dollars, accounting for about 50 percent of Vietnamese rubber exports.

More

NEW DELHI: Government is likely to impose anti-dumping duty on a certain type of aluminium alloy auto wheels imported from China, Thailand and Korea, to protect domestic players from below-cost imports. In its preliminary findings, the Directorate General of Anti-dumping and Allied Duties (DGAD) has recommended imposition of duty ranging between USD 1.18 and USD 2.15 per kg on imports of cast aluminium alloy wheels from the three countries, the Commerce Ministry said in a notification. 

More