U.S. President Barack Obama has sent three long-delayed trade agreements to Congress for ratification. The deals involve the countries of South Korea, Colombia and Panama. Negotiated by Mr. Obama’s Republican predecessor, President George W. Bush, they are predicted to boost annual U.S. exports by $13 billion. In a White House statement Monday, Mr. Obama said […]
Obama Submits Three Trade Deals to Congress
Posted October 3rd, 2011 at 5:35 pm (UTC-5)
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White House Nears Submission of Trade Legislation to Congress
Posted October 3rd, 2011 at 1:35 pm (UTC-5)
U.S. President Barack Obama says he will have an announcement soon on long-delayed free trade deals with South Korea, Colombia and Panama. The president told reporters Monday the announcement would come “in the next day or so.” The three deals — negotiated by Mr. Obama’s Republican predecessor, President George W. Bush — could potentially boost […]
India, Pakistan Agree to Boost Trade to $6 Bn in 3 Years
Posted September 28th, 2011 at 1:00 pm (UTC-5)
India and Pakistan have agreed to boost trade ties as part of a peace process between the nuclear-armed rivals, who resumed talks earlier this year after a break of several years. In a joint statement issued Wednesday following talks in New Delhi, the Indian and Pakistani trade ministers pledged to more than double the value […]
Japan Posts Huge Trade Deficit in August, Despite Rise in Exports
Posted September 21st, 2011 at 2:26 am (UTC-5)
Japan’s trade deficit swelled to more than $10 billion in August as the country continues to feel the effects of the March 11 earthquake and tsunami. The trade ministry said Wednesday that exports were 2.8 percent higher than in August last year. That was the first year-to-year increase since March, but well below the 8.0 […]
China Trade Surplus Falls
Posted September 10th, 2011 at 1:20 am (UTC-5)
Chinese officials say the country’s trade surplus fell sharply in August, after an unexpected jump in imports. China’s customs agency said Saturday that exports rose 24.5 percent year-on-year in August to $173 billion. However, imports jumped 30.2 percent to $155.5 billion in August, breaking the previous monthly record of $152.2 billion set in March. As […]
Germany Seeks Trade Deals With ASEAN Members
Posted September 7th, 2011 at 3:05 am (UTC-5)
Germany’s foreign minister says his country sees Southeast Asia as an important growth engine and is eager to conclude free trade pacts with countries in the region. Foreign Minister Guido Westerwelle made the remark in Berlin Tuesday following a meeting with Surin Pitsuwan, secretary general of the Association of Southeast Asian Nations. Westerwelle said Southeast […]
Kidney Trafficking Ring Busted in Bangladesh
Posted August 30th, 2011 at 5:20 am (UTC-5)
Bangladeshi police say they have arrested three men believed to be part of a major organ trafficking ring aimed at convincing poverty-stricken villagers to part with their kidneys for cash. Police say they arrested the men Sunday in the remote, impoverished village of Kalai, 300 kilometers northwest of the capital, Dhaka. Officials say that nearly […]
China, Japan, South Korea to Meet for Free Trade Talks
Posted August 24th, 2011 at 1:55 am (UTC-5)
Officials from East Asia’s three largest economic powers — China, Japan and South Korea — will meet next week to discuss the feasibility of negotiating a free trade agreement. South Korea’s trade ministry said Wednesday that representatives from industry, government and academia will take part in the three-day meeting beginning next Wednesday in the Chinese […]
India Hopeful on African Trade Pacts
Posted August 9th, 2011 at 10:35 am (UTC-5)
The battle for economic influence in Africa may be heating up, with India saying it expects to complete at least one new trade deal with African countries before the end of the year. Indian Commerce Minister Anand Sharma said Tuesday he was confident New Delhi is close to a preferential trade agreement with the Southern […]
US Senators Reach Compromise on Free Trade Deals
Posted August 4th, 2011 at 2:25 am (UTC-5)
U.S. Senate leaders have reached a potential bipartisan compromise on three long-delayed free-trade agreements with Colombia, Panama, and South Korea. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell said Wednesday they have come to an agreement on unemployment benefits that will likely allow lawmakers to approve the trade deals once Congress returns from […]
