News About World Trade
February 08, 2010
Iqaluit eager to showcase Canada's far north for G7
Iqaluit, Canada (AFP) Feb 5, 2010
Iqaluit residents beamed with pride Friday, eager to showcase Canada's far north to the world when G7 finance minister's meet here this weekend. The meeting of the Group of Seven industrialized nations is the biggest event ever to hit this town of 6,000 on the southern tip of Baffin Island. "I've been looking forward to it for a long time," said Ooloosie Tawkie, an Inuit from a tiny Arct ... read more

US justice department slams Google book deal
San Francisco (AFP) Feb 4, 2010
The US Department of Justice slammed a legal deal that would let Google scan and sell millions of books online, saying it raises anti-trust and copyright concerns. Federal lawyers on Thursday told the US District Court in New York that despite "substantial progress" in a revised settlement between Google, The Authors Guild and other involved parties "issues remain." "The amended settleme ... more

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EU defends shoe levy after China launches WTO complaint
Brussels (AFP) Feb 4, 2010
The European Commission on Thursday defended its penalty taxes on Chinese shoe imports as "the right thing to do" after Beijing launched a complaint with the World Trade Organisation (WTO). "Anti-dumping measures are not about protectionism, they are about fighting unfair trade," acting EU Commission Trade Spokesman John Clancy said. "In this respect we believe this is the right action t ... more

Rio mulled 35-bln-dlr iron ore tie-up with Chinalco: report
Sydney (AFP) Feb 6, 2010
Anglo-Australian miner Rio Tinto in 2008 considered selling state-owned Chinalco a 19.9 percent stake in its iron ore operations under a mammoth 40 billion dollar (35 billion US) tie-up, a report said Saturday. The deal was drafted just weeks before rival BHP Billiton dropped a hostile takeover bid due to the state of the global economy, The Weekend Australian newspaper said. Citing a dr ... more

China welcomes foreign Internet firms: minister
Paris (AFP) Feb 3, 2010
Access to the Internet in China is "completely open" and foreign firms are welcome to work in the thriving sector, China's Foreign Minister Yang Jiechi said on Wednesday. Beijing is locked in a dispute with US Internet giant Google which has threatened to pull out of the Chinese market over cyberattacks and Web censorship in China. "We are always very happy to welcome foreign firms (in C ... more

China and US spar on trade as row rolls on
Beijing (AFP) Feb 4, 2010
China hit back at the United States on Thursday after President Barack Obama vowed to get tougher with the Asian giant on trade and currency, stoking tensions already high over Taiwan and Tibet. Obama on Wednesday hinted he would take Beijing to task over the strength of its yuan currency, responding to growing discontent in the US Congress over Chinese monetary policy as the US economy make ... more

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  • China strives for first 'green' Expo


  • EU defends shoe levy after China launches WTO complaint


  • Comments getting out of hand, Engadget turns them off


  • US firms eye Asian market as China threatens sanctions
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    Obama snubs Europe, courts Asia: analysts
    Brussels (AFP) Feb 2, 2010
    President Barack Obama's decision not to attend an EU-US summit is a response to Europe's loss of influence and the growing importance for Washington of Asia, particularly China, analysts said. The White House announced Monday that the US president will not be travelling to the normally annual bilateral summit in Madrid on May 24-25. "It is very unlikely that this summit will take place. ... more

    US urges China against sanctions
    Washington (AFP) Feb 1, 2010
    The United States has urged China not to slap sanctions on US companies selling arms to Taiwan, as the firms tried to stay out of President Barack Obama's biggest row yet with Beijing. The Obama administration defended the arms sale Monday as preserving the military balance between Taiwan and fast-growing China, which reacted furiously to a US announcement it was selling the 6.4 billion doll ... more

    US urges China against sanctions
    Washington (AFP) Feb 1, 2010
    The United States urged China on Monday not to slap sanctions on US companies selling arms to Taiwan, as the firms tried to stay out of President Barack Obama's biggest row yet with Beijing. The Obama administration said it remained committed to pursuing a broad relationship with China, which reacted furiously to a US announcement Friday it was selling 6.4 billion dollars in weapons to Taiwa ... more

    Boeing says no sanctions news from China
    Beijing (AFP) Feb 1, 2010
    Aerospace giant Boeing said Monday it had not been notified of any sanctions imposed by China in retaliation for a major US arms sale to Taiwan. Beijing said Saturday it would suspend military and security contacts with Washington, and threatened to impose sanctions on US firms involved in the deal. Through its McDonnell Douglas unit, Boeing is one of the companies. "We have yet to recei ... more

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  • Google row threatens China web development: analysts


  • China's procurement policy deepens strains: US experts


  • US imposes stiff duties on Chinese blankets


  • Google case may deter US firms from China: official
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