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.
GENEVA, Oct 14 (Reuters) – The risk of a currency war as
governments try to push down exchange rates to make exports more
competitive is deterring businesses from investing abroad, a
United Nations expert said on Thursday.
Uncertainty about exchange rates is already causing
multinational corporations to scale back foreign investment,
said James Zhan, a senior official at the United Nations
Conference on Trade and Development (UNCTAD).
GENEVA (Reuters) – New data on trade finance show the traditional loan instruments are almost risk-free, raising hopes that regulators will relax their treatment and spur world economic recovery, a banking official said on Wednesday.
Trade finance is the lifeblood of global commerce, underpinning 80-90 percent of the $12-13 trillion in merchandise exports shipped around the globe each year.