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The export of Vietnamese tra fish to Brazil is being delayed as Brazilian agencies have extended the time to grant tra import certificates from three to 120 days.
MorePARIS—Negotiators from the world's leading economies haggled all night over seemingly technical details regarding how to measure global economic imbalances. They eventually produced a 53-word sentence intended to appease all sides—and open to interpretation by all sides. "It means what it means what it means, just like a rose is a rose is a rose," Christine Lagarde, France's finance minister, told reporters after emerging from the Group of 20 talks.
MoreBRUSSELS—The World Trade Organization on Friday will issue a preliminary report concluding that China has no legal right to impose export restrictions on nine raw materials, say trade diplomats and lawyers familiar with the case. The quotas, license requirements and other measures on industrial ingredients such as zinc and coke, many vital for making steel, have been a key irritant in China's simmering trade tensions with trading partners.
MoreIndia and Malaysia on Friday signed a landmark pact that paves the way for freer flow of trade in goods and services, besides enhanced investment and economic cooperation between the two countries. The Comprehensive Economic Cooperation Agreement (CECA) was signed by Commerce Minister Anand Sharma and his Malaysian counterpart Mustapa Mohamed and witnessed by Prime Minister Najib Razak and several leading captains of industry from both sides.
More(Reuters) - India said on Friday it wanted the decade-long Doha round of global trade talks to be concluded this year, but said negotiators needed to work fast. Indian Trade Minister Anand Sharma, speaking to Reuters after signing a free trade agreement with Malaysia to help double bilateral trade to $15 billion by 2015, said major trading powers were "cautiously optimistic" a deal could be reached.
MorePARIS — With the world’s economies moving at two different speeds, fast-growing developing countries are luring money at a pace that, if left unchecked, could set the stage for future problems, the Federal Reserve chairman, Ben S. Bernanke, said Friday.
MoreWASHINGTON -- Federal Reserve Chairman Ben Bernanke is urging countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis. At the same time, Bernanke is calling on nations with persistent trade deficits like the United States to narrow their budget shortfalls and save more.
More(Reuters) - Treasury Secretary Timothy Geithner on Wednesday gave the Obama administration's clearest statement yet that it wants to work with Congress to approve three long-delayed trade agreements with South Korea, Colombia and Panama this year. "We'd like to pass all of them, alongside trade adjustment assistance, and we want to do it this year," Geithner said at a Senate Finance Committee hearing.
MoreThe Ministry of Industry and Trade (MoIT) will carry out a series of extensive programmes to penetrate deeper into the African market in an effort to achieve a 20 percent growth in export turnover to the continent in 2011. According to Ly Quoc Hung, Director of the MoIT’s African, West Asian and South Asian Markets Department, trade promotions in Africa will focus on creating legislation and the way forward for business activities.
MoreThe Vietnam Chamber of Commerce and Industry (VCCI) and China External Trade Centre have pledged to open up access to information for businesses from the two countries. An agreement of strategic cooperation signed by the two agencies in Hanoi on February 17 also offers more opportunities for businesses from the two neighbours to seek partners and expand investment and business in each other’s country.
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