News

WTO warns on excessive legal trade safety valves
WTO warns on excessive legal trade safety valves

26/07/2009

GENEVA (Reuters) - Legal "safety valves," allowing countries to suspend or waive trade commitments, can damage the global economy if abused for protectionist purposes, the World Trade Organization said on Wednesday.
US Trade Rep Vows Strict Enforcement of Trade Rules
US Trade Rep Vows Strict Enforcement of Trade Rules

26/07/2009

Washington is about to get tougher on countries that violate trade agreements, Ron Kirk, the Obama administration’s top trade official, said in a major policy speech last week. Speaking to a crowd gathered in a steel plant in the industrial city of Pittsburgh on 16 July, Kirk announced several new enforcement initiatives and pledged to “to identify and solve problems at the source.”
U.S. Commerce Department Levies Duties on Imports of Kitchen Appliance Shelving and Racks From China
U.S. Commerce Department Levies Duties on Imports of Kitchen Appliance Shelving and Racks From China

26/07/2009

WASHINGTON, July 22 /PRNewswire-USNewswire/ -- American producers of kitchen appliance shelving and racks praised today's final decision by the U.S. Department of Commerce to levy antidumping and countervailing duties on imports of kitchen appliance shelving and racks from China. Exporter-specific, combined antidumping and countervailing rates ranged from 57 percent to 245 percent.
Trade safeguards pose risk
Trade safeguards pose risk

26/07/2009

GENEVA - TRADE safeguards used by countries to protect their industries risk doing more harm than good in the current global economic crisis, the WTO said on Wednesday.
Asia likely to lead trade recovery, says WTO - Summary
Asia likely to lead trade recovery, says WTO - Summary

26/07/2009

Singapore/Geneva - Asia is starting to see a rebound in trade and might lead the world in its recovery from plunging volumes of commerce said Pascal Lamy, director-general of the World Trade Organization, on Wednesday. The WTO, in its annual report on world trade, reaffirmed that the organization expects trade to drop 10 per cent this year.
ASEAN-China FTA to prompt “tug of war in trade”
ASEAN-China FTA to prompt “tug of war in trade”

26/07/2009

A free trade agreement between the Association of Southeast Asian Nations and China (ASEAN-China FTA) will likely prompt a trade war between Indonesia and China, says an association.
Russian Steelmakers set to avoid worst of tariffs
Russian Steelmakers set to avoid worst of tariffs

26/07/2009

The Moscow Times reported that mounting pressure on various governments to impose protectionist tariffs is not likely to halt surging Russian steel exports because widespread foreign demand can blunt the impact of scattered import duties.
Most EU states want to terminate Vietnam shoe duties
Most EU states want to terminate Vietnam shoe duties

26/07/2009

The European Commission is expected to decide in September whether to propose extending dumping duties on imports of leather shoes from Vietnam, but most EU states want them scrapped, EU sources said.
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