South Korea's trade watchdog Friday, September 5, announced it will impose an antidumping tariff on polyethylene terephthalate film imports from Japan. The 5.95% duty will be imposed for the next five years as local manufacturers are being undercut by the cheaper imports, the Korea Trade Commission said in a statement.

Britain and other European Union member states are under increasing pressure from North American business groups to open their borders to imports of genetically modified food as part of negotiations for a new Transatlantic trade deal, environmental campaigners have warned.

If an information leak from the World Trade Organization proves true, Canada has won a victory against U.S. country-of-origin labelling. It is cause for celebration, tempered by the knowledge that Canada has won battles in the same war before, yet billions of dollars continue to be lost by the cattle and hog industries. This time, the outcome will be different. This time, the U.S. government may heed pleadings from within its own ranks and from its own meat industry to change its labelling laws so they are trade compliant.

Indonesia is expected to challenge the anti-dumping measures on fatty alcohol - set by the European Union (EU) - at the World Trade Organization (WTO) as bilateral meetings have not led to the desired outcome.

India is engaged with several countries to garner support on the food security issue at the World Trade Organization, with an aim to conclude the Bali package.

Economic Revitalization Minister Akira Amari says if the Trans-Pacific Partnership free trade talks fail to reach a broad agreement by the end of this year, the talks will continue for a long time. In an interview with NHK and other media, Amari said on Friday he aims to quickly conclude bilateral talks with the US on tariffs and other issues. He said these will affect the TPP talks overall.

South Korea's Trade Minister Yoon Sang-jick has confirmed that the conclusion of a bilateral free trade agreement (FTA) with China can be expected this year, and, possibly, even before the Asia-Pacific Economic Cooperation summit due to begin on November 10 in Beijing, despite little progress on tariffs having been made in recent negotiating rounds.

Australia Thursday said it hopes to complete an elusive free trade agreement (FTA) with its top export partner China when President Xi Jinping visits in November. FTA talks between the two nations first began in 2005, but stalled last year over agriculture and China's insistence on removing investment limits for State-owned enterprises. But Australian Foreign Minister Julie Bishop said she was hopeful a deal would be reached by the time Xi attends the G20 summit in Brisbane in November.

India will soon sign free trade agreements (FTAs) on services and investment with the Association of South East Asian Nations (ASEAN), it has been announced. Negotiations were completed back in December 2012. The signing was due to take place at the India-ASEAN Economic Ministers meeting in Myanmar at the end of last month but was postponed due to the absence of the Indian Commerce and Industry Minister, Nirmala Sitharaman.

HA NOI (VNS) — Vietnamese tea exports fell but its average market price rose in the first eight months of 2014, based on figures from the Ministry of Agriculture and Rural Development (MARD). The Thoi bao Kinh doanh newspaper quoted figures from the ministry showing that Viet Nam experienced a 6.9-per cent year-on-year plunge in the export volume of tea to 83,000 tonnes, and a 1.4-per cent year-on-year drop in the export value of the crop to US$139 million.