Amid the recent rout of the US dollar, fears of an all-out trade war have been stoked globally. The G20 finance heads are now struggling to find common ground on current account imbalances that will avert the inevitable. The point should not be lost on anyone that none of these leaders is really concerned about why these imbalances exist, but rather they're only focusing on avoiding the negative consequences of poor fiscal behavior stacked up over the past several decades. It is for these reasons that any accords that are reached now will fail.

SANTIAGO, Nov. 4 (Xinhua) -- The Chilean Senate on Thursday ratified a Free Trade Agreement (FTA) with Turkey signed last year.Chile became the first Latin American country on signing a FTA with Turkey, which represents an access to southeast Europe, Russia and west Asia.Senator Hernan Larrain, president of the Senate Foreign Affairs Commission, said the agreement will mainly benefit the mining, agriculture, fishing and forestry sectors.

GYEONGJU, SOUTH KOREAA summit of the world's major economies is moving closer to an agreement on policies to reduce currency tensions that threaten the global recovery, a U.S. official said Saturday.But any accord from the meeting of Group of 20 finance ministers and central bank governors is unlikely to include specific targets for reducing the vast trade surpluses that emerging nations, China particularly, have with the West.

BEIJING, Oct. 23 (Xinhua) -- China welcomed the World Trade Organization's (WTO) ruling that United States imposition of anti-dumping and countervailing duties on four types of Chinese imports was inconsistent with WTO regulations, the Ministry of Commerce (MOC) said Saturday.The four categories of Chinese imports include standard steel pipe, rectangular steel pipe, laminated woven sacks, and off-road tires, according to an online statement posted on the MOC's website.

Taiwan Textile Federation (TTF) has recently inked a Memorandum of Understanding (MoU) with the European Textile and Clothing Confederation (EURATEX). This deal is likely to aid clothing producers both from Taiwan and Europe to strengthen their competitiveness in China and in other world markets.TTF Chairman William Wong and EURATEX Chairman Dr. Peter Pfneisl signed this MoU on behalf of their respective organizations.

Adding to its embargo of mineral shipments to Japan, the New York Times reports that China has now also blocked some of those mineral shipments to the United States and Europe, according to three industry officials this week.

(Munich) - German exporters are expressing growing anxiety about the appreciation of the euro against the US dollar and the prospect of a currency war.Germany, the world’s second-largest exporter after China, is on track for 16 per cent growth in foreign trade to €937bn ($1,307bn) this year, mostly spurred bybuoyant demand from emerging markets.But there are signs that export growth is slipping. Several industrialists told the Financial Times they were worried that export growth could be hit by the falling dollar and the prospect of more quantitative easing in the US.

Malaysia said it expects to conclude talks with India on a free-trade agreement next week that should see it obtain greater access for products including cocoa and palm oil as well as more stringent anti-dumping provisions.“Everything has been agreed,” Malaysia’s International Trade & Industry Minister Mustapa Mohamed told reporters in Kuala Lumpur today. “India is a big market, growing fast.”

New Delhi, Oct 19 (IANS) India is taking proactive measures and ready to make concessions to ensure a successful conclusion of the Doha round of multilateral trade talks, an official said here Tuesday.Commerce and Industry Minister Anand Sharma is scheduled to meet World Trade Organisation (WTO) Director-General Pascal Lamy, chairs of the sub-groups on agriculture, industrial products and services and ambassadors of various informal groupings at the WTO headquarters in Geneva Wednesday to push for an early conclusion of the talks.

Brazil doubled a tax it charges foreigners on investment in fixed-income securities in a bid to stem gains in the real, which reached its strongest in more than two years last week.The government of Latin America’s biggest economy will raise its so-called IOF tax on fixed-income investments by foreigners to 4 percent from 2 percent beginning tomorrow, Finance Minister Guido Mantega told reporters in Brasilia today. Brazil first slapped a 2 percent tax on foreign investments in October 2009.