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EU takes China to WTO over steel anti-dumping duties

Agence France-PresseJune 14, 2013 22:28
The European Union said Thursday it was taking China, one of its biggest trade partners, to the World Trade Organization over Chinese tariffs on imported EU stainless steel pipes. The EU "today requested consultations with China" at the WTO, a statement said, noting that Japan -- whose own ties with Beijing are strained -- had filed a similar complaint earlier this year. bmm/ccr/rl

Expectations for Obama launch of trade talks during European visit hitting snag

The Canadian PressJune 13, 2013 04:31
WASHINGTON - One of the big goals of President Barack Obama's upcoming trip to Europe may be in jeopardy with French objections threatening to hold up the launch of negotiations on a sweeping U.S.-European Union free trade pact. The proposed Transatlantic Trade and Investment Partnership has raised great expectations of boosting growth and jobs by eliminating tariffs and other barriers that have long plagued economic relations. It would create a common market with common standards and regulations across countries that account for nearly half the global economy.

North American free trade agreement with Europe needed, says ex-Mexican diplomat

The Canadian PressJune 12, 2013 13:30
MONTREAL - Canadian and U.S. efforts to strike free trade deals with Europe must eventually be harmonized into a North American agreement involving Mexico, a former Mexican diplomat said Wednesday. "I know this creates a lot of heartburn in...Washington, but eventually that has to be the step forward," Arturo Sarukhan told an economic conference in Montreal. The former ambassador to the United States said that a continental trade deal is needed to synchronize rules between the European Union and the NAFTA countries — Canada, United States and Mexico.

EU says wants WTO ruling versus Chinese steel duties

June 12, 2013 09:34
PARIS (Reuters) - The European Commission will lodge a complaint with the World Trade Organization against Chinese duties on steel tubes used in power plants, the bloc's industry commissioner Antonio Tajani said on Wednesday. Tajani's comments come after EU sources told Reuters on Tuesday the bloc's executive body would seek to overturn duties on exports to China of seamless stainless steel tubes made by firms such as Spain's Tubacex S.A <TUBA.MC> and Germany's Salzgitter A.G <SZGG.DE>.

Report warns G8 of stealthy surge in protectionism

June 12, 2013 11:32
By Tom Miles GENEVA (Reuters) - Major economies competing to restore export-led growth are stealthily imposing more protectionist measures than at any time since the financial crisis began, a leading trade monitoring group said in a report seen by Reuters on Wednesday. The findings, to be published on Thursday, appeared to underline fears voiced by World Trade Organization chief Pascal Lamy, when he said in April the threat of protectionism "may be greater now that at any time since the start of the crisis."

Export slowdown threatens emerging Asia's credit-fuelled boom

June 12, 2013 07:37
By Stuart Grudgings KUALA LUMPUR (Reuters) - A deepening slump in exports is sending tremors through Asia, threatening to undermine some booming emerging economies that have surged ahead in recent years on a heady combination of easy credit, buoyant consumer demand and strong domestic investment.

Poorest WTO members win new patent-rule waiver

Agence France-PresseJune 11, 2013 19:32
The globe's poorest nations have won an eight-year extension of a waiver on intellectual property rules, but still need to hold talks on the vexed issue of pharmaceutical patents, World Trade Organization officials said Tuesday. A session of the 159-nation WTO's TRIPS Council -- standing for trade-related aspects of intellectual property rights -- ruled that the waiver for 34 countries can now run until July 1, 2021.

Exclusive: EU to seek WTO ruling against Chinese steel duties - sources

June 11, 2013 06:31
By Ethan Bilby BRUSSELS (Reuters) - The European Union plans to lodge a complaint with the World Trade Organization against Chinese duties on steel tubes used in power plants, EU sources said on Tuesday, opening another front in a rapidly escalating trade conflict with Beijing. The move will allow the EU to join a related complaint filed by Japan against Chinese duties in December.

High unemployment and income inequalities undermining public trust: OECD head

The Canadian PressJune 10, 2013 17:30
MONTREAL - High unemployment and growing income inequalities have undermined public confidence in global institutions, the head of the one of the world's leading economic think-tanks said Monday. "Today we have lost the trust in government, we have lost the trust in political parties...in everything that we built as a society for 100 years and now there's an enormous degree of cynicism," Angel Gurria told an economic conference in Montreal.

Korea's exports, trade surplus in tech products hit record highs in May

Yonhap News AgencyJune 9, 2013 06:30
SEOUL, June 9 (Yonhap) -- South Korea's exports of tech products and its IT-related trade surplus rose to record highs in May as global demand for Korea's smartphones and semiconductors remained firm, government data showed Sunday. Korea's exports in tech products amounted to a record US$15.15 billion last month, up 17.2 percent from a year earlier, according to data by the Ministry of Science, ICT and Future Planning and the trade ministry.
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