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Indonesia will scrap import quantity limits on horticultural products, the trade ministry said on Friday, as it looks to head off a World Trade Organization trade spat with the United States.The United States said in March it had asked the WTO to strike down import restrictions imposed by Indonesia on horticultural and animal products.
GENEVA — The United States made a blistering attack on fellow World Trade Organization member states on Thursday for failing to do more to cut global barriers to trade, criticizing India in particular for trying to introduce a “massive new loophole.”“The time has come to speak bluntly,” U.S.
MoreTaiwan needs to continue to work seriously toward joining the Trans-Pacific Partnership (TPP) if it wants to retain its economic competitiveness, former American Institute in Taiwan (AIT) chairman Richard Bush said yesterday.This is vital because the proposed free-trade alliance of Pacific-Rim countries could better integrate the nation into the global ec
MoreA group of university professors urged the government Wednesday not to take part in negotiations on the multilateral Trans-Pacific Partnership free-trade agreement, saying the country may not be able to protect its national interests.The group submitted to Prime Minister Shinzo Abe, as well as farm minister Yoshim
MoreThe government is planning to announce Friday the results of its preliminary negotiations with the United States on Japan joining the Trans-Pacific Partnership trade talks, sources said Thursday.With the two sides already in agreement on key issues, including auto tariffs, U.S.
MoreAustralian Prime Minister Julia Gillard concluded discussions in Beijing with China's new President Xi Jinping and Premier Li Keqiang with an agreement to strengthen the countries' economic relationship, particularly through a continuation of talks on a bilateral free trade agreement (FTA).It was disclosed that talks on the proposed FTA will begin again i
MoreThe World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase.It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5 percent and said trade grew only 2.0 percent in 2012.
MoreTokyo and Washington are likely to conclude bilateral preparatory talks this week on the Trans-Pacific Partnership trade liberalization deal, clearing the way for Japan to join the talks as early as July, government sources said Tuesday.Tokyo has agreed to allow the United States to retain the tariffs it currently imposes on automobiles and trucks importe
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