The president and CEO of the US Chamber of Commerce has urged the creation of a zero-tariff trade agreement between Europe and the US that would generate an extra US$120bn of revenue by 2014, trillions of dollars of revenue in the longer term and help both regions face competition from rising economies like China. Speaking in Dublin yesterday, the president and CEO of the US Chamber of Commerce, Thomas J Donohue, said the US and the EU must never forget their destinies are tied closely together.

The US Commerce Department on Monday said it was easing certain controls on exports of high-technology goods to India, stemming from an agreement President Barack Obama made in November.

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Monday called upon the European Commission to formally take up the case for passage of EU’s Trade Concessions Package in WTO in its upcoming session on January 31 and persuade India to give up its resistance towards the package.

India and Indonesia today agreed to commence negotiations on a bilateral market opening pact to enhance trade between the two nations to $25 billion by 2015 from about $11 billion last fiscal.

The end of March next year, currently running shoes anti-dumping measures concerning China will expire, with the expiration time of the day more near, Italy, Spain and some other countries, old nike air max shoes and began active in the review of complaints. Recently, the Italian association of footwear (ANCI) to the European Commission again complained shoe manufacturers from Asian countries, unequal competition, asking the Government to extend the existing anti-dumping duties to ease the imbalance in the market.

WTO’s Lamy Blames Export Restrictions for Food-Price IncreasesWorld Trade Organization Director- General Pascal Lamy criticized export restrictions imposed by countries as a primary cause of food-price increases and called for humanitarian food aid to be exempt from tariffs.