World Trade Correspondent, Geneva
Jonathan's Feed
Oct 22, 2010

Many poor states still cut off from trade finance

GENEVA, Oct 22 (Reuters) – Many developing countries remain
cut off from trade finance, which before the credit crunch was
often their only source of private-sector funding, despite a
recovery in the industry, a meeting of experts heard on Friday.

Difficulties still encountered by some poor countries in
Africa, Asia, Latin America, Eastern Europe and Central Asia to
obtain funding for their exports threatens to undermine their
entire economic development, one expert said.

Oct 22, 2010

WTO rejects many Chinese claims in U.S. duties case

GENEVA (Reuters) – A World Trade Organization panel largely rejected Chinese claims on Friday in a dispute with the United States over extra duties on Chinese goods which Washington argued were priced at below cost and subsidized.

U.S. Trade Representative Ron Kirk welcomed the ruling as a win for American businesses and workers affected by unfairly traded imports.

Oct 22, 2010

China: no fast change in rare earth export

GENEVA (Reuters) – China’s new five-year-plan will not bring any rapid change in export quotas for rare earth metals required worldwide for high-tech products, a senior Chinese trade official said on Thursday.

Sun Zhenyu, ambassador to the World Trade Organization, told Reuters Insider that China’s own stocks of the rare metals, for which it is the dominant supplier, were depleting fast and that Beijing had to conserve them.

Oct 20, 2010

India says Doha talks make progress

GENEVA, Oct 20 (Reuters) – India’s trade chief added his
voice on Wednesday to comments that the long-stalled Doha talks
to free up world trade are again showing signs of life.

But Trade Minister Anand Sharma said India would not reopen
what had been agreed, and any deal must help developing
countries by making farm trade fairer — apparently rejecting
U.S. calls for a shake-up of what is on the table so far.

Oct 20, 2010
Oct 19, 2010

WTO chief steps into currency row

GENEVA (Reuters) – The head of the World Trade Organisation stepped into an escalating row over currency policies on Tuesday, saying growing disputes about exchange rates could threaten global trade and economic recovery.

WTO Director-General Pascal Lamy said governments had largely resisted resorting to conventional trade measures such as higher tariffs to protect jobs in the wake of the crisis.

Oct 19, 2010

WTO chief steps into currency row, warns over trade

GENEVA, Oct 19 (Reuters) – The head of the World Trade
Organization stepped into an escalating row over currency
policies on Tuesday, saying growing disputes about exchange
rates could threaten global trade and economic recovery.

WTO Director-General Pascal Lamy said governments had
largely resisted resorting to conventional trade measures such
as higher tariffs to protect jobs in the wake of the crisis.

Oct 14, 2010

Georgia: Russian WTO membership requires border deal

GENEVA (Reuters) – Russia must do a deal with Georgia over customs controls on their internationally recognized border if it is to pursue its goal of joining the World Trade Organization, Georgia’s first deputy foreign minister, Giorgi Bokeria, said on Thursday.

Russia called Georgia’s demands absurd.

Bokeria’s comments suggested the August 2008 war between the two ex-Soviet states, resulting in two Georgian regions seceding with Moscow’s recognition, continued to dog relations and could impede Russia’s 17-year-old bid to join the WTO.

Oct 14, 2010
Oct 14, 2010

Trade finance bankers hail dialogue with regulators

GENEVA, Oct 14 (Reuters) – Providers of trade finance and
banking regulators have begun a dialogue on the unintended
consequences of new banking rules for the crucial funding, the
International Chamber of Commerce (ICC) said on Thursday.

The comments suggest that the Basel banking regulators will
review the impact of new proposals, known as Basel III, on trade
finance, the lifeblood of global commerce.

    • About Jonathan

      "I write about world trade for Reuters and also lead our Geneva bureau covering international organisations based in Geneva. I spent many years in Eastern Europe, both before the Berlin Wall came down, and after 1989, when I covered the economic transition of the region. I also worked in Moscow from 1994 to 1998, where I set up Reuters domestic service for Russia and the CIS, and ran news operations in the Nordic and Baltic countries from 1998 to 2002 and Southeast Asia from 2002 to 2007."
      Joined Reuters:
      1978
      Languages:
      English, German, French
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