Via China Daily
China urged the world's major economies to increase trade openness in order to revive the global economy, as world leaders reached a consensus on further countering protectionism in a last-minute deal during the G20 Summit on Wednesday.
In the final communique of the summit, which was held in the Mexican resort city of Los Cabos, leaders pledged not to put up new trade barriers until...
Read MoreVia Economist.com
TRADE negotiations sometimes seem like scrubbing the floor. They feel virtuous, take for ever and entail back-breaking work; but, when done, it is often hard to see any difference. So a first reaction to the announcement on May 13th that China, Japan and South Korea are to open talks on establishing a trilateral free-trade area is to shrug. The idea has been around for a decade. There are many...
Read MoreThe U.S. Commerce Department set duties from 13.74 percent to 26 percent on imports of wind towers from China used by the energy industry, siding with U.S. manufacturers including Broadwind Energy Inc. (BWEN) (BWEN) The shares surged.
The agency released preliminary results today of its investigation into a complaint from the Wind Tower Trade Coalition, which claims its members are...
Read MoreThe U.S. Commerce Department set duties from 13.74 percent to 26 percent on imports of wind towers from China used by the energy industry, siding with U.S. manufacturers including Broadwind Energy Inc. (BWEN) (BWEN) The shares surged.
The agency released preliminary results today of its investigation into a complaint from the Wind Tower Trade Coalition, which claims its members are...
Read MoreVia Yahoo Finance
BEIJING (MarketWatch) — China’s Ministry of Commerce said Thursday that a months-long investigation had revealed that U.S. support for six clean energy projects violated World Trade Organization rules and acted as barriers to trade.
State-controlled Xinhua news agency said later that the ministry found that the U.S. government provided renewable energy companies unfair grants that are...
Read MorePetroChina Co Ltd will focus on storage and refining assets in the Americas this year, as part of its plan to establish three overseas operation centers to facilitate trade, said Chairman Jiang Jiemin on Wednesday.
Two other foreign operation centers - one for Asia, based in Singapore, and one for Europe, based in London - are taking shape.
Jiang sought to deflect media reports...
Read MoreCollision looms between growing cooperation of East Asian countries and US-dominated regionalism\
The Fifth Trilateral Summit between China, Japan and the Republic of Korea on May 13-14, was undoubtedly a weather vane indicating the future development of the trilateral relationship and East Asian integration.
The summit issued the Joint Declaration on the Enhancement of Trilateral...
Read MoreVia Forbes.com
By David Malpass
The status quo will leave us with slower growth, few jobs and less liberty.
We’ve come to a critical juncture in our history. The federal government is buying trillions of dollars of its own debt and plans to spend $47 trillion over the next decade in the belief that such expenditures will motivate the private sector to hire more workers.
By its nature government wants a bigger...
Read MoreThe United States government is renewing its focus on Southeast Asia, but it is not a part of the efforts to contain China, former US ambassador to China said at the first Meeting of the ASEAN-US Eminent Persons Group (EPG) in Manila on Monday.
Former ambassador James Stapleton Roy, US representative to the meeting which started on Monday, said in his opening statement that the reason...
Read MoreChina is now losing an increasing number of export orders to other emerging countries because of rising costs at home. That's driving the government to consider supportive measures including tax rebates and reduced transportation fees, a commerce official said on Saturday during an investment and trade expo held in Changsha, Hunan province.
"Rising costs of labor and land as well as...
Read MoreThe U.S. solar-power industry has been nervously awaiting a federal decision on whether to impose antidumping tariffs on Chinese solar-panel makers.
The Department of Commerce is scheduled to issue a decision Thursday on the tariffs as part of an investigation into accusations that Chinese solar-panel makers receive unfair government subsidies and sell their products in the U.S. at...
Read MoreWASHINGTON (AP) — Republican Sen. John McCain called for the Obama administration to ramp up its free trade agenda in Asia and suspend U.S. economic sanctions on Myanmar, although retain an arms embargo.
Describing the administration's record on trade as "shameful," McCain said Monday the U.S. has been "sitting on the sidelines" while China has moved swiftly to secure free trade...
Read MoreFor Immediate Release
Friday, May 11, 2012
Contact Patrick Rosenstiel at 612-670-9465
(ST. PAUL, MN) . . . The Trade Alliance to Promote Prosperity (TAPP), America’s leading advocate for global cooperation and economic development through free trade, today announced the launch of its new website (www.promote-trade.com) in preparation...
Read MoreA rise in consumer goods lifted imports to a record level, outpacing a solid gain in U.S. exports.
The Commerce Department said Thursday that the trade gap widened to $51.8 billion in March, from $45.4 billion in February. Imports rose 5.2% to a record $238.6 billion, reflecting more foreign oil, autos, cell phones and clothes.
Exports increased nearly 3% to $186.8 billion. Sales...
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