Demand for Chinese goods rose more than 11 percent in June compared to last year, but failed to keep pace with the level set in May. China’s General Administration of Customs said Tuesday that exports in June reached $180 billion. Imports during the same period rose 6.3 percent over last year to $148 billion. In […]
China Files WTO Cases Against US Tariffs
Posted May 25th, 2012 at 10:20 am (UTC-5)
China filed World Trade Organization complaints Friday to challenge U.S. tariffs on Chinese goods that Washington considers to be unfairly subsidized. The dispute relates to 22 products including steel and solar cells, with an annual export value to the U.S. of $7.3 billion. China accuses the U.S. of using anti-dumping measures to shield American companies […]
New World Trade Center New York’s Tallest Building
Posted April 30th, 2012 at 6:15 pm (UTC-5)
Construction workers carefully placed a steal beam on top of the new World Trade Center Monday, making it New York City’s tallest building. One World Trade Center stands 381 meters above the streets of downtown Manhattan, surpassing the iconic Empire State Building. When completed, the new building will be 104 stories high and 541 meters […]
USTR Puts Ukraine on Intellectual Property Priority Watch List
Posted April 30th, 2012 at 5:00 pm (UTC-5)
The United States has put Ukraine on its Priority Watch List of countries failing to properly protect intellectual property rights. Washington says it is seriously concerned with counterfeiting and rampant piracy in Ukraine, including Internet piracy. Ukraine joins 12 other countries that officials say will be under particularly intense bilateral engagement during 2012. The other […]
India to Allow Direct Investment From Rival Pakistan
Posted April 13th, 2012 at 11:15 am (UTC-5)
India says it plans to allow Pakistan to directly invest in the country, in another sign of warming ties between the longtime rivals. Indian Trade Minister Anand Sharma told reporters Friday that “India has taken an in-principle decision to allow Pakistan FDI (foreign direct investment) in India to deepen our economic engagement. He did not […]
India to Allow Direct Investment From Rival Pakistan
Posted April 13th, 2012 at 7:45 am (UTC-5)
India says it plans to allow Pakistan to directly invest in the country, in another sign of warming ties between the longtime rivals. Indian Trade Minister Anand Sharma told reporters Friday that “India has taken an in-principle decision to allow Pakistan FDI (foreign direct investment) in India to deepen our economic engagement. He did not […]
US Has Wide Trade Gap with China
Posted March 28th, 2012 at 11:40 am (UTC-5)
A new report shows that the U.S. for the first time last year exported more than $100 billion worth of products to China, but at the same time imported nearly four times that much. The U.S.-China Business Council is a trade group that promotes the sale of American products to China. The council said Wednesday […]
Japan Announces Surprise Trade Surplus for February
Posted March 22nd, 2012 at 2:15 am (UTC-5)
Japan has posted an unexpected trade surplus for February, reversing five months of heavy losses. The finance ministry announced a $394-million surplus last month, fueled by a 26.9 percent rise in auto exports to the United States. Imports rose by 9.2 percent, thanks to Japan’s growing demand for fuel imports in the aftermath of last […]
US, South Korea Welcome Landmark Free Trade Pact
Posted March 14th, 2012 at 11:40 pm (UTC-5)
U.S. President Barack Obama and his South Korean counterpart are hailing Thursday’s inauguration of a long-stalled free trade agreement. The pact, known as the Korea-U.S. Free Trade Agreement, was signed in 2007, but not approved by lawmakers in either country until late last year due to political opposition and changes of government in both countries. […]
Obama Warns China Against ‘Skirting the Rules’ on Trade
Posted March 13th, 2012 at 4:35 pm (UTC-5)
U.S. President Barack Obama on Tuesday warned China to stop limiting its exports of so-called “rare earth” minerals used to make high-technology products. Mr. Obama described it as an unfair restriction of trade, saying, “Our competitors should be on notice: You will not get away ‘with skirting the rules.’” The United States, Japan and the […]
