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The hidden costs of trade treaties

29/05/2015

The free trade treaties with Canada (CETA) and the United States (TTIP) are not threatening European standards, the negotiators in Brussels assure us. Yet environmental and food safety regulations have already been weakened.

EU opens China solar industry dumping probe

29/05/2015

EU regulators opened a probe into the solar power panel industry in China, the European Commission said on Friday, in response to accusations that Chinese companies were dodging import duties by exporting via Taiwan and Malaysia.

WTO Panel to Hear US, New Zealand Challenge of Indonesia Agriculture Import Restrictions

28/05/2015

The past two weeks have marked a busy period for the global trade arbiter, with a new WTO panel being established to hear the complaints of the US and New Zealand over claims of illegal agricultural import restrictions by Indonesia. Appeals were also filed by China and Japan, respectively, in their dispute over steel anti-dumping duties, while Tokyo has also launched a separate case against Seoul over alleged import restrictions.

Why the world needs to ban fuel subsidies

28/05/2015

On my maiden trip to Saudi Arabia, in late 2014, I received a crash course on unsustainable Saudi economics within minutes of landing, when my driver pulled into a gas station just outside Jeddah airport. We were in a big BMW 7 Series sedan and the fill-up—about 60 litres—cost the equivalent of about $8 (all currency in U.S. dollars). I was astonished. For Saudis, gasoline is much cheaper than bottled water.

Turkey increases tax on furniture imports to 50%; initiates anti-dumping investigations on Chinese plywood

28/05/2015

On May 23, a decree by the Turkish cabinet of ministers increased the tax rate on furniture imports to 50 percent from 13 percent.

Bangladesh: Tariff, non-tariff barriers hinder export growth

28/05/2015

Tariff and non-tariff discriminations have emerged as major barriers to growth of exports in the agro-processing sector of the country.

Vietnam: Measures needed to support local industries after FTAs

28/05/2015

HA NOI (Biz Hub) — Experts and businesses called for measures and policies to help local businesses deal with challenges faced by free trade agreements (FTAs) at a workshop held on May 28.

EU May Renew Oldest Duties on China in Silicon-Metal Case

28/05/2015

The European Union may renew tariffs on silicon metal from China for another five years to curb competition for EU producers such as Ferroatlantica SL, a step that would prolong trade protection in place for a quarter of a century.