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ASEAN and China FTA to ignite ‘tug of war in trade’

29/07/2009

A free trade agreement between the Association of Southeast Asian Nations and China (ASEAN-China FTA) will likely ignite a trade war between Indonesia and China, says an association.

Government urged to restrict Chinese equipment imports

29/07/2009

NEW DELHI - The Associated Chambers of Commerce and Industry (Assocham) has urged the government to restrict Chinese power equipment imports as the domestic industry is badly hit by the cheaper availability of Chinese products.

South Africa, major export destination for Pakistani textiles

29/07/2009

Pakistani textiles have vast market in South Africa and a visit of the special South African buying mission of importers to Pakistan is a beginning to the blooming trade relations among two countries, said Dr. M.H. Perel, leader of the buying mission.

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

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

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

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

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.