News
Colombia’s Congress on Tuesday voted against a signed free trade agreement (FTA) with South Korea following disappointing results of a similar deal with the United States. Congress of Colombia voted against the free trade agreement, which did not make it past the third debate in the House of Representatives, as it was decided to further study some of the more controversial clauses including one which affected the automobile industry, which would have been one of the hardest hit by the trade agreement, reported El Universal.
MoreLUXEMBOURG — Negotiations to bring Russia's giant South Stream project into line with European Union law are pointless as long as Moscow is asking the World Trade Organization to review the bloc's energy rules, Europe's energy chief said. Russia's Gazprom plans to build a giant pipeline named South Stream on the bed of the Black Sea to Bulgaria and then to Austria to ship gas directly to the EU, bypassing Ukraine, through which a large part of EU gas supplies currently travels.
MoreThe Trade Minister won’t confirm if New Zealand will sign up to a trans-Pacific trade deal without zero tariffs on dairy exports. Tariffs on dairy products going into American and Japanese markets is one of many contentious issues still being thrashed out in the controversial trade agreement. Minister Tim Groser wouldn't say what New Zealand's bottom line was on dairy tariffs speaking on Q&A.
MoreINDEED, that is the question. But not just for Malaysia and other potential partners, now numbering 11, of the United States. It is a question for the Americans as well. There is a discussion now whether or not the United States should still go for the “gold standard” Trans-Pacific Partnership (TPP). Whether the United States should lower its sights to achieve its aim of a Trans-Pacific trading and investment community.
MoreNEW ORLEANS — The International Trade Commission has renewed the antidumping tariff on frozen Chinese crawfish meat into 2017 — expected but good news after a bad crawfish season. The tariff was first imposed in September 1997, after the Commerce Department found that U.S. producers were being hurt by Chinese crawfish tail meat dumped on the market at considerably less than market value. The tariff would expire after five years without ITC renewal; this is the third such renewal.
MoreSHANGHAI, June 13 (Reuters) - China on Friday launched an anti-dumping investigation into makers of blood dialysis equipment in the European Union and Japan, including market leader Fresenius Medical Care (FMC) AG & Co KGaA, challenging the international firms who currently dominate the global and Chinese markets. China will examine any negative impact on Chinese rivals, the country's Ministry of Commerce said in a statement posted on its website on Friday.
MoreAPPLETON, Wis., June 13, 2014 /PRNewswire/ -- Appvion, Inc. reacted with disappointment to a decision issued by the Department of Commerce (the Department) in the final results in the fourth administrative review of the antidumping order on imports of lightweight thermal paper (LWTP) from Germany.
MoreUS and Japanese trade officials met in Washington earlier this week in an effort to resolve some of their outstanding issues related to automobile trade, with just weeks until the next meeting of chief negotiators for the 12-country Trans-Pacific Partnership (TPP) Agreement. Differences between Japan and the US – the two biggest economies in the TPP talks – on agricultural and automobile trade have been cited as the largest stumbling blocks for clinching an overall 12-country deal.
MoreOver the last decade, the EU’s decisions to impose antidumping duties have mainly benefited Europe’s metals and chemical sectors. A good third of the antidumping duties imposed target Chinese exports. But now, renewables are the new kid on the bloc and they don’t only target China. It’s all a tale of subsidies that has created a new powerful and defensive lobby in the renewables industry.
More(Reuters) - U.S. farmers are in an uproar over signs Japan will maintain some barriers to agricultural exports under a Pacific trade pact, which threatens to unravel a deal that is central to U.S. efforts to retain economic and security influence in the region. Four years into Trans-Pacific Partnership (TPP) talks, U.S. negotiators are fighting to balance the goal of total tariff elimination with the sensitivities of Japanese and American farmers and the needs of other trading partners.
More