News

China, U.S. officials downplay anti-trade rhetoric
China, U.S. officials downplay anti-trade rhetoric

15/08/2016

Against the backdrop of rising anti-trade sentiment around the world, many government officials and businessmen from both China and the U.S. still believed that trade and investment could benefit people from both countries, and called for further understanding and interaction between the two countries.
Agriculture, import rules deadlock slows super Africa trade bloc creation
Agriculture, import rules deadlock slows super Africa trade bloc creation

15/08/2016

Sharp differences over agricultural safeguards and the rules of origin have slowed efforts to create a super continental trading bloc lumping up 26 African countries, integration officials have said.
Centre moves to hasten anti-dumping duty probes
Centre moves to hasten anti-dumping duty probes

15/08/2016

After imposing anti-dumping duties on select steel products (more such imposts are likely soon), the steel and commerce ministries have decided to speed up the process of filing petitions, gathering evidence, conducting investigation and awarding anti-dumping duty, so that protective barriers can be promptly erected for the domestic industry.
Coffee firms want State help
Coffee firms want State help

15/08/2016

HÀ NỘI — The Việt Nam Coffee and Cacao Association (Vicofa) has proposed to the State that it launch credit support for local coffee firms competing with foreign companies.
Global trade barriers: Time to settle disputes proactively
Global trade barriers: Time to settle disputes proactively

15/08/2016

The rising trend of global trade protectionism is finally taking concrete shape, raising fears that Korea, which relies heavily on trade, might be hardest hit.
US And India Make Their Citizens Poorer With Anti-Dumping Steel Tariffs
US And India Make Their Citizens Poorer With Anti-Dumping Steel Tariffs

10/08/2016

It shouldn’t be that a government does this, takes an action which deliberately and specifically makes its own citizens poorer, but it’s a remarkably common action that governments do take. For such is the power of the misundertanding of trade that protectionism will win out.The essential point to understand about trade is that it is the imports which make us richer. And the cheaper those imports are the richer we become. Placing import tariffs upon things which make us richer is thus somewhere between very stupid and lunatic. And yet that is what the governments of both the US and India have just done. Placed import duties upon certain types of steel on the grounds that it is too cheap, makes their own citizens too much richer
India slaps anti-dumping duty on steel products from 6 nations
India slaps anti-dumping duty on steel products from 6 nations

10/08/2016

NEW DELHI: India today imposed anti-dumping duty on certain hot-rolled steel products from six nations including China and South Korea with an aim to guard domestic players from cheap imports. The duty will be the difference between the landed value and the respective prescribed value which is USD 474 per tonne and USD 557 per tonne.
Why is US targeting POSCO?
Why is US targeting POSCO?

10/08/2016

POSCO is trying to figure out why the United States slapped the highest anti-subsidy tariff on it among a host of steelmakers including those from Brazil, Japan, Turkey, the Netherlands and Australia.
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