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Rep. Charles Boustany (R-La.) recently brokered a meeting between leaders of the Louisiana crawfish industry and the U.S. Customs and Border Patrol (CBP) to resolve uncollected anti-dumping and countervailing duties owed to the industry. A federal appeals court ruled in March that the Great American Insurance Company and Washington International Insurance Company jointly owed the government $6.5 million in anti-dumping and countervailing duty bonds.
MoreUS President Barack Obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-day Asia tour. U.S officials have ruled out a major announcement on the ambitious 12-country Trans-Pacific Partnership (TPP) in Beijing, where Obama will attend the Asia-Pacific Economic Cooperation (APEC) forum and hold talks with Chinese President Xi Jinping.
More(Reuters) - Japanese Prime Minister Shinzo Abe on Tuesday welcomed China's efforts this year on crafting a roadmap for the Free Trade Area of the Asia-Pacific (FTAAP) scheme, which he said should be based on bilateral and regional economic cooperation. Efforts must also be made to regain trust in World Trade Organisation (WTO) talks, which are "endangered due to opposition from a small number of members," Abe told a morning session of the Asia-Pacific Economic Coopoeration (APEC) forum in Beijing.
MoreThe annual APEC summit is underway in Beijing. Perhaps the most notable absentee is India’s Prime Minister Narendra Modi, who received an unprecedented invitation in July from Chinese President Xi Jinping to attend the gathering.
MoreTaipei, Nov. 10 (CNA) Vice Economics Minister Cho Shih-chao said Monday that a free trade agreement to be signed in the near future between China and South Korea will have a major adverse impact on Taiwan’s industrial base. Citing an assessment of the Industrial Technology Research Institute, Cho said that if Taiwan and China cannot complete a trade-in-goods agreement in three to five years, the pact between Seoul and Beijing would cost Taiwan between NT$260 billion (US$8.5 billion) and NT$650 billion over time.
MoreThe use of anti-dumping duties by the G-20 nations is on the decline, according to the latest World Trade Organization (WTO) report on trade developments issued on November 6, 2014.
More(Reuters) - There will be no "major announcement" on a Washington-backed Asia-Pacific free trade deal during a meeting of leaders from the region in Beijing this week, U.S. Trade Representative Michael Froman said on Sunday. Few expected that a deal on the ambitious 12-country Trans-Pacific Partnership (TPP) could be reached this year, largely because of a deadlock between the pact's two biggest economies, the United States and Japan, over how widely Japan will open its doors to farm exports.
MoreThe European Union (EU) has challenged India on the issue of import restrictions on marbles and marble products at the World Trade Organisation (WTO), after the European Commission (EC) received complaints about it from the marble stone industry in Europe.
More(Reuters) - China is part of "intensive" talks on a global trade pact regarding information technology products, the World Trade Organization's chief said on Saturday, but it is unclear if a deal will be made at a meeting of Asia-Pacific leaders underway in Beijing. The United States and other countries have been hopeful that China would sign on to the Information Technology Agreement (ITA), which requires signatories to eliminate duties on some IT products, during the Asia-Pacific Economic Cooperation summit that ends on Tuesday.
MoreBEIJING--Pacific Rim trade ministers made scant progress putting in place separate trade deals covering high-tech goods and regional trade during a two-day meeting here, though talks will continue through a leaders' summit that begins Monday.
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