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As the Department of Commerce (Commerce) is scheduled to release shortly a series of determinations regarding antidumping duties (ADs), when a foreign company sells a product in the United States at less than fair value, and countervailing duties (CVDs) to offset the benefits of foreign government subsidies, it has issued an explanation of how its investigative process works in that regard.
MoreEd Fast, Canada's Minister of International Trade, has concluded a two-day trade visit to Argentina, to promote the conclusion of exploratory talks towards a possible free trade agreement (FTA) between the nation and the Mercosur trade bloc of Latin American nations. During his visit to Buenos Aires, Fast met with Argentina’s Minister of Foreign Affairs, Hector Timerman. He also met with political and business leaders to advocate more trade and job-creating partnerships between Canada and Mercosur member states, Argentina, Brazil, Paraguay and Uruguay.
MoreU.S. solar-panel makers have long complained that their Chinese rivals are unfairly subsidized by the government. On Tuesday, the Commerce Department said it would impose modest tariffs on Chinese solar cells. Further penalties could be on the way. So who benefits from a solar trade war? It’s a mixed bag, really. There’s little question that some U.S.
MoreThe latest round of negotiations in the Trans-Pacific Partnership nine-country trade pact has wrapped up without an American offer on access to its prized dairy markets. An offer had been expected at the Melbourne talks last week, given that there is a June deadline for a deal to be presented to trade ministers and a target of the end of 2012 for a final agreement. Trade Minister Tim Groser says, however, there is no reason to panic since the timetable is for the United States to determine and he is very flexible on that.
More(Reuters) - Mexico will oppose Argentina if it tries to scrap a bilateral auto accord and even take the issue to the World Trade Organization if the dispute escalates, Mexico's economy minister said on Wednesday.
More(Reuters) - Brazil plans to signal its growing concern about intense foreign competition hurting its industries by suggesting at the World Trade Organization that the ceiling for its import tariffs is too low, government sources told Reuters on Wednesday. Brazil considers the 35 percent tariff ceiling authorized by the WTO as "insufficient" to battle a flood of cheap imports prompted in part by a stronger local currency.
MoreNAIROBI, March 21 (Reuters) - Some African countries could lose tax-free access for exports to the European Union if they fail to sign a deal by next year to replace preferential agreements that the World Trade Organisation has rejected, an EU lawmaker said on Wednesday. The European Union and African, Caribbean and Pacific (ACP) countries had until the end of 2007 to sign the Economic Partnership Agreement (EPA) agreements to replace existing unilateral trade preferences, or risk having European trade disrupted.
MoreBEIJING, March 18 (Xinhua) -- Minister of Commerce Chen Deming said Sunday that China, now the world's second largest importer, will become the biggest in a few years. China not only provides the world with high-quality products at low costs, but also buys high-end goods supplied by global brands, Chen said at the China Development Forum 2012. The growth rate of China's retail sales stayed between 16 percent and 18 percent over recent years, higher than its GDP growth, indicating the country's huge purchasing potential, the minister said.
MoreTaiwan has neither broken any WTO rules nor breached any commitments by failing to go ahead with a plan to establish maximum residue levels for the livestock feed additive ractopamine, of which the organization was first notified in 2007, a WTO official said.
MorePrime Minister Yoshihiko Noda has asked the visiting head of the World Trade Organization to help counter misinformation about the safety of Japanese products due to the Fukushima nuclear disaster. During a Thursday meeting in Tokyo, Noda appealed to WTO Director General Pascal Lamy over the strict restrictions on Japan's food exports that many countries have yet to ease, even though "scientific evidence" has confirmed their safety, according to the Foreign Ministry.
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