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The panel considered 11 contents in Vietnam ’s claims and issued rulings on seven of them which are considered conducive to the Vietnamese side, especially in administrative proceedings and dumping margins. Under the US Department of Commerce (DOC)’s decision reached during its 8 th period of review from February 1, 2012 to January 31, 2013, the nation-wide level of tariff on imported frozen Vietnamese shrimp still stood at 25.76 percent, the same level as the past seven review periods.
MoreWASHINGTON (Reuters) - U.S. Trade Representative Michael Froman said on Wednesday he still hopes for bipartisan support in Congress on granting the White House the authority to fast track trade deals but added the timing was up to lawmakers. Congress has yet to consider a Trade Promotion Authority bill, introduced in January, that would prevent lawmakers from amending trade deals in exchange for setting negotiating objectives.
MoreMANILA - President Benigno S. Aquino III is keen on the Philippines joining the Trans-Pacific Partnership (TPP), a free trade area spearheaded by the United States. During a forum in Singapore, the President said the government is studying the benefits of joining the TPP before it makes a decision.
MoreBrussels: European Trade Commissioner Cecilia Malmstroem attempted Wednesday to breath new life into transatlantic trade talks that have been hobbled by opposition to one of the deal's most controversial components.
MoreAustralian Prime Minister Tony Abbott has said that his Government wants to move as quickly as it can on a free trade agreement (FTA) with the European Union (EU). Abbott met with French President François Hollande on November 19 and told a press conference afterwards that discussions had focused on trade. "It is my hope that Australia can swiftly begin negotiations for a free trade agreement with the EU, and I've had a great deal of support from European leaders, including François, for this objective," he said.
MoreThe steel industry has enjoyed rather a good last 18 months; prices on the whole have held up relatively well, capacity utilization in the US is good, helped by mill discipline and a growing economy, and raw material costs have been coming down aiding mills’ margins. In Europe, mill orders are quite well-booked out to the end of Q4, although demand is heavily reliant on the automotive sector, which is showing signs it may be peaking.
MoreShrimp exports to the US skyrocket Vietnamese shrimp exporters seek to expand markets VASEP files claim against US’ anti-dumping duties on shrimp Twenty-two hectares of the company's shrimp ponds have met ASC's environmental and social standards. One of Vietnam's biggest shrimp exporters, the company has made major efforts in recent years to meet ASC's standards.
MoreOverall, the economies of Asia are a bull element in global recovery and long term development. The advanced countries, although less so now the United States, remain a drag on the world economy with no sign that Europe is likely to emerge from stagnation any time soon.
MoreNew Zealand and South Korea have concluded a free-trade agreement that’s expected to cut into export tariffs in the nation’s sixth-largest export market that currently run to about $230 million a year. The deal, which was announced on the sidelines of the G20 Leaders’ Summit in Brisbane, will initially eliminate tariffs on 48 percent of current New Zealand exports, with duties largely eliminated within 15 years. South Korea has said it also aims to conclude FTAs with China and Vietnam before the end of the year, after agreeing recent deals with Australia and Canada.
MoreThe UK prime minister said EU and US leaders had met and all agreed the Transatlantic Trade and Investment Partnership (TTIP) "is a deal we want". Speaking at the G20 summit, he said arguments against TTIP were "weak" and fears over the NHS were "nonsense". Many opponents are concerned about TTIP giving firms power to sue governments if they are hit by policy changes. Len McCluskey, general secretary of the Unite union, has called for the NHS to be excluded from the deal.
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