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News

European Union- Warns United States

03/02/2009

A "Buy American" provision in the US economic stimulus plan, which would ban foreign-made steel or even more products from new infrastructure projects, has ruffled feathers in the EU.

Chinese steel exports become expensive following recent price recovery

03/02/2009

Mineweb reported that just one month ago, overseas steel market participants were very concerned about a flood of Chinese steel exports to further depress the already very depressed steel prices in major developed countries. For the moment, those concerns seemed unwarranted.

China extends dumping duties on phenol imports

03/02/2009

SHANGHAI (Reuters) - China said on Saturday that it would extend anti-dumping duties on imports of phenol, a chemical compound used to make some antiseptics, medicines and plastics, from Japan, South Korea, the United States and Taiwan.

Ukraine's cabinet expects Belarus to revise anti-dumping measures against Ukrainian caramels

03/02/2009

The Ukrainian cabinet has instructed the agriculture, economy and foreign ministries to hold talks with Belarus on a possible review of its anti-dumping measures against Ukrainian caramels.

U.S. delays removal of bond requirement on seafood imports

03/02/2009

KOCHI: The United States administration has sought more time to implement the decision of the dispute settlement body of the World Trade Organisation (WTO) to remove the continuous bond requirement (CBR) on import of seafood items from India and Thailand.

Trade disputes old and new

03/02/2009

Despite the absolute need to have a successful conclusion of the ongoing Doha Round, with "successful" being defined as the attainment of the "developmental" aspects of the negotiations, nevertheless the volume of global trade, interestingly enough, has been increasing the last few years.

Policymakers sound alarm over protectionism

03/02/2009

DAVOS, Switzerland (Reuters) - Policymakers sounded the alarm about the growing threat of protectionism on Thursday as new data showed a sharp fall in air freight traffic, signalling a broader slowdown in world trade.

China, EU to hold summit soon after G20

03/02/2009

BRUSSELS, Jan 30 (Reuters) - The European Union and China agreed on Friday to hold a summit soon, marking an improvement in relations strained by Europe's warm reception last year for Tibet's spiritual leader, the Dalai Lama.