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.
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.
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.
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.
people in the industry say it will affect trade finance — make it more expensive or less available; they want regulators to change rules
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.
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.
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.
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.