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WTO confirms Russian import duties violate WTO rules

15/08/2016

In a ruling circulated today, a WTO panel confirmed that Russian import duties on paper, refrigerators and palm oil violate WTO rules. The import duties exceed those Russia agreed to when it joined the WTO. This is the first case ever decided in the WTO against Russia.

Russia to lower tariffs on EU's paper, fridges after WTO ruling

15/08/2016

Russia has violated its trade commitments by inflating tariffs on supplies of palm oil, paper and refrigerators from the European Union, a World Trade Organization (WTO) said on Friday, in its first ruling on Moscow since Russia joined in 2012.

Gov't aims to lift agricultural exports

15/08/2016

HÀ NỘI — The Ministry of Agriculture and Rural Development is seeking to create measures to tackle falling exports of major farm products, to assure it reaches its goal of US$30 billion in export revenues of the agro-forestry-fishery sector for 2016.

Chinese Steel 'Competitive, Not Dumped Or Subsidized'

15/08/2016

Xia Nong, Deputy Director-General of the National Development and Reform Commission's Department of Industrial Policies, has said Chinese firms do not dump their steel products in the global market, and therefore should not be the subject of trade dispute duties with other countries.

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

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

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

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.