JAKARTA, April 14 (Xinhua) -- Indonesian finance ministry has imposed an import tariff for rice following the improvement of supply of the commodity from domestic sources, spokesman of the ministry said on Thursday. Previously, the government canceled the import tariff following rising prices of the commodity and chillies prices due to lack of supply impacted by weather phenomenon, which had triggered inflation to a 21-month high of 7.02 percent in January.

For the success of the Doha round it is important that emerging economies like India, China and Brazil open up their market more than what they are proposing right now on the negotiation table, a top US trade official has said. "Doha can only reach this potential if key partners like China, India, and Brazil are willing to recognise their success as exporting powers by agreeing to open their markets to a degree much greater than what is currently on the negotiating table," the US Trade Representative, Ron Kirk, said on Wednesday.

Govt to appeal amid fear that the US and EU may extend it to other products. Exporters of steel and, in turn, the Union ministry of commerce are getting worried at the increased resort by the US of countervailing duty (CVD) to bring down imports from India.

Vietnamese wooden products exporters have already signed contracts worth US$3.4 billion this year, or equivalent to the exports during the whole of last year, according to the Vietnam Timber and Forest Product Association. Most of the deals are for shipments in the second and third quarters, with more orders expected to be received, it said. But the industry is struggling with higher costs of rubber wood, packaging, and labor. At the end of last year the price of rubber wood, the main raw material, rose sharply due to a nearly 50 percent rise in latex prices.

China and Brazil on Tuesday clinched a host of government agreements and economic deals in Beijing to push for closer bilateral ties as Brazilian President Dilma Rousseff paid her first state visit to Beijing. After two-hour-long talks in the Great Hall of People in Beijing, Chinese President Hu Jintao and Rousseff witnessed the signing ceremony of eight cooperative agreements in areas like defense, technology and sports.

Since its accession to the World Trade Organization (WTO) in 2001, China's growth and development has built heavily on its increasing integration into the global economy. Export growth in the three years prior to the 2008 financial crisis was nearly 30 percent. Although its export growth was negative during the crisis, China has since rebounded to pre-crisis rates and it is now the world's second-largest trading country after the United States (ahead of Germany).

MUMBAI, Apr 11 – The giveaway trade area agreement (FTA) between a Association of Southeast Asian Nations (ASEAN) and India that took outcome in early final year is helpin raise a expansion of trade and investment, as good as tourism, and definitely affects business between a ASEAN segment and India, a boss of Bangkok Airways pronounced today.

World trade recovered to pre-crisis levels in 2010, but protectionist pressures in a more uncertain 2011 climate should be resisted, according to the World Trade Organization. The WTO's latest figures show that world exports saw an unprecedented increase in 2010, with a 14.5% rise. This was accompanied by a 3.6% recovery in global output, representing a strong rebound from 2009's 12% slump. Economies in developed countries saw export growth of nearly 13%, which is lower than that recorded in the rest of the world, where exports rose by 16.5%.

The Ministry of Industry and Trade plans to raise the import tariffs in order to control the importation of luxury goods which still have been flocking to Vietnam in big quantities, despite efforts by the ministry to curb the trade deficit. Luxuries still flocking to Vietnam

After more than four years of being in the World Trade Organization (WTO), the advantages, disadvantages for Vietnam are clear and the actual status of the country can now be assessed, said Dr Vo Tri Thanh, deputy head of the Central Institute for Economic Management in an exclusive interview with VOV reporter. Mr Thanh added that Vietnam’s status may have been overestimated by policy makers at the time it joined the WTO. Reporter: What lessons has Vietnam drawn after four years of WTO membership?