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EU, South Korea ink trade deal despite auto anger

19/10/2009

BRUSSELS — Europe inked a free-trade deal with South Korea on Thursday, ignoring anger from automakers echoing US caution running all the way up to President Barack Obama.

Deshmukh for safeguards duty on Chinese power equipment import

19/10/2009

Heavy Industries Minister Vilasrao Deshmukh today said his ministry has asked the finance ministry to impose safeguard duty on cheap import of power equipments from China as such inflow is posing threat to domestic players such as BHEL.

Chinese steel pipe producers sliding in overseas markets

19/10/2009

China's seamless steel pipe producers have lost ground in overseas markets after the EU decided to slap a 5-year anti-dumping tax on them earlier this month. Shortly after that, the US began an inquiry into them which could lead to anti-dumping duties of 100 percent.

Chinese enterprise to be exempt from anti-dumping tariffs in Europe

19/10/2009

The European Court recently ruled that during the final ruling over anti-dumping measures against Chinese-made ironing boards in April 2007, the European Commission (EC)'s approach denying market economy status to a Chinese enterprise, Yongjian Commodities Co Ltd based in Shunde District, Foshan of Guangdong province, and imposing an 18.1-percent anti-dumping tariff on the company was illegal.

Brussels Shoe Silliness

19/10/2009

Brussels' last extension of antidumping duties on shoes from China and Vietnam in 2008 raised prices for consumers at a time when food- and fuel-price rises were in the news. Now the pols are considering yet another extension of those duties, while consumers and businesses are reeling from the global economic slowdown. From dumb to dumber.

Duty call trips Russia steel game

16/10/2009

MOSCOW - Chinese checkers may be the closest Russia's metal oligarchs, Mechel chief executive Igor Zyuzin and Novolipetsk Steel chairman Vladimir Lisin, have come to understanding Chinese strategy. The problem is that the game is neither Chinese, nor checkers - it's actually an American invention, dating from the 1880s and is based on the simple tactic of jumping your pieces further and faster into your opponent's goal before he can do the same to yours. As developed 15 years ago, Russian asset-raiding tactics in the metal and mining sector are not much more sophisticated.

China 'opposed' to EC move

16/10/2009

China is opposed to the European Commission's plan to extend for another 15 months anti-dumping duties on Chinese shoe imports, and the move, if approved, would further pressurize struggling domestic shoe manufacturers, the Ministry of Commerce said.

U.S. needs more on services from Doha round: Kirk

16/10/2009

WASHINGTON (Reuters) - The United States cannot agree to a deal in the Doha round of world trade talks until other countries make better offers to open their markets to services trade, the top U.S. trade official said on Tuesday.