The issue about import duties changing or their temporary cancellation for rye and buckwheat imports should be considered in the long-term prospects, due to the fact that the changes may need to come to agreement with all the countries-participants of the World Trade Organization (WTO).The opinion was announced by Oleg Malskiy, the partner of the International Juridical Group AstapovLawyers, while commenting the initiative of the Cabinet of Ministers of Ukraine to impose the zero duties for the above stated commodities groups.

BUENOS AIRES (Hollywood Reporter) – Brazil is taking extra steps to protect its film industry even as the homegrown movie "Elite Squad 2" just became the country's most popular film ever, surpassing "Avatar" in the process.A new presidential decree, signed a day before outgoing President "Lula" da Silva delivered office to Dilma Roussef on Saturday, increases the screen quota for exhibition of local films in all Brazilian theaters.

One of the biggest beneficiaries of China’s rapid economic ascent is not China at all, but rather its historic rival, occasional enemy and fellow socialist neighbor to the south, Vietnam.Less than a decade ago, many economists and executives believed that China’s allure was creating a “giant sucking sound” of investment that could be heard in distant Hanoi and Ho Chi Minh City.

BRASILIA (AFP) - – South Korea on Sunday raised the possibility of a trade deal with South American trade bloc Mercosur at a meeting between Prime Minister Kim Hwang-Sik and new Brazilian President Dilma Rousseff, her foreign minister said.The South Korean delegation "spoke about the hypothesis of a Korea-Mercosur free trade agreement," Foreign Minister Antonio Patriota told reporters after the meeting.Rousseff, who was sworn in Saturday as Brazil's first female president, met with Kim on her first full day in office.

The New Zealand-Hong Kong Closer Economic Partnership Agreement (CEP) came into force on Saturday, making cuts to remaining New Zealand tariffs.Trade Minister Tim Groser said both countries had completed the necessary legislative measures and the agreement took effect January 1.New Zealand goods currently entering Hong Kong at a zero tariff will now be bound at that level. The CEP also paves way to further progressive reductions, which will mirror those in the New Zealand-China Free Trade Agreement.

Pakistan typically exports about $10 billion of textile products each year, with about a quarter of that amount going to U.S. retailers.The United States has spent billions of aid dollars on Pakistan, but more than nine years after the country joined the global fight against terrorism, the U.S. government remains unable to provide its strategic ally with one thing it really craves: easier access to the U.S. market for its T-shirts, towels and socks.

BEIJING - China is unlikely to rely heavily on imported weapons, military experts say, even as the European Union (EU) is considering lifting its 21-year-old ban on arms sales to China.The lifting of the embargo "could happen very soon", French daily Le Figaro reported on Thursday, quoting sources close to Catherine Ashton, the EU foreign policy chief.

China and Taiwan will lower import taxes on more than 800 products under the first trade treaty between the former civil-war foes, an accord that the island called a “vitamin” for its economy.China will cut duties from today on 557 items imported from Taiwan including fish and bicycles, an increase from 539 when the agreement was signed in June, China’s Ministry of Commerce said in a statement on its website on Dec. 29. Taiwan will lower tariffs on 267 items such as tea and cement from the mainland as part of the “early harvest” accord.

WASHINGTON (Reuters) - The sentencing handed down to former Russian tycoon Mikhail Khodorkovsky will complicate Russia's bid to join the World Trade Organization, a senior Obama administration official said on Thursday."It is not going to help their cause, it is only going to complicate their cause," the official said"The WTO is a rules based, rule of law organization. Most countries around the world do not look at this verdict as a demonstration of the deepening of the rule of law in Russia. It will definitely have an effect on Russia's reputation," the official added.

China's recently launched anti-dumping investigation into U.S. distillers' dried grains (DDGS) exports could be disruptive to trade, a U.S. industry trade group said on Thursday.DDGS, a by-product of ethanol production, have found a ready market in China, where growing demand for meat has fueled a boom in animal feed production.