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."

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.

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. 

(VOV) - Vietnam and India saw a 33% trade growth rate in 2013 and they will strive to raise bilateral trade to US$15 billion by 2020. The figures were unveiled by Harish Taparia, Chairman of the Indian Business Chamber in Vietnam (Incham) at a Vietnam-India Trade Exchange in Hanoi on January 22. He noted the two countries’ business communities have increased investment and trade exchanges, focusing on tea, pharmaceuticals, information technology, energy, and mining.

Asia-Pacific Economic Cooperation (APEC) member countries are working to reduce import tariffs to 5 percent or less on a list of environmental goods by 2015, and will also explore opportunities for building on this initiative within the World Trade Organization. During an interview, Dr. Phyllis Genther Yoshida, the leader of the APEC Energy Working Group, as well as the United States Deputy Assistant Secretary of Energy, explained the list's significance and how it fits with APEC's broader work to improve energy efficiency and lower greenhouse gas emissions.

During a meeting on January 16 in New Delhi between South Korean President Park Geun-hye and India's Prime Minister Manmohan Singh, the two leaders agreed to upgrade their comprehensive economic partnership agreement (CEPA) and put into effect the revised double taxation agreement (DTA) between the two countries as soon as possible. Given the potential for economic cooperation between India and South Korea, the two leaders agreed, in a joint statement, to make efforts to expand and deepen the bilateral economic relationship.

The backbone of stability and amity in Asia and the Pacific is an open economic system, which has encouraged deep trade and investment interdependence within the region, and the United States security umbrella that provides reassurance to US allies and partners as well as those, like China, outside the alliance framework against a resurgence of military or political adventurism. Despite the rise of Asia and the dramatic change in the structure of regional economic and political power, both elements remain important, though even some realists would concede that economic interdependence

TAIPEI, Taiwan -- President Ma Ying-jeou said yesterday that the government hopes to sign a foreign investment promotion and protection agreement as well as an avoidance of double taxation agreement with Canada. The government also hopes that Canada can help Taiwan join the Trans-Pacific Partnership (TPP), Ma added. The president made the comments during a meeting with Canadian Senator James Cowan, Canadian Member of Parliament Dominic LeBlanc and other Canadian lawmakers at the Presidential Office.

Taiwan is finally ready to lift its ban on Canadian bone-in beef from cattle under 30-months old. The announcement was made Friday after the country's food safety agency gave Canadian beef the green light in terms of meat safety and fell into line with other countries in Asia. We are also confident that the government's decision to relax the ban won't compromise the level of safety for Taiwanese consumers.

(Reuters) – China hit the United States with final anti-dumping and anti-subsidy duties on imports of solar-grade polysilicon on Monday, the latest move in what has been a contentious trade battle in the solar industry. The anti-dumping duties, announced by China's Commerce Ministry, were in line with initial levels levied last year of up to 57 percent on imports of the raw material used to make solar panels.