BRUSSELS (Reuters) – The European Union’s trade authority plans to start an investigation into whether U.S. bioethanol exporters are receiving unfair state subsidies and selling their fuel to Europe at illegally low prices, diplomats said on Tuesday.
The European Commission investigation could result in import tariffs as early as next year on hundreds of millions of litres of the fuel if EU officials unearth evidence of unfair trade practices in the United States.
BRUSSELS, Nov 8 (Reuters) – - Bangladesh has thwarted a
European attempt to grant beneficial import conditions to
Pakistani textile makers as an aid measure following Pakistan’s
devastating floods last year, diplomats said on Tuesday.
Europe and Pakistan had expected a long-announced plan for
trade preferences for Pakistani textile makers to be approved
during a meeting of trade diplomats in Geneva on Monday, but a
Bangladeshi complaint effectively halted it.
BRUSSELS (Reuters) – European Union bioethanol producers have asked regulators to investigate whether U.S. exporters are receiving illegal subsidies, a move that could trigger import tariffs on the green fuel, EU producers said on Wednesday.
Placed with the European Commission on October 12, according to industry sources, the complaint could result in a formal investigation later this month, and in provisional tariffs next year on hundreds of millions of liters of bioethanol from the United States.
BRUSSELS, Oct 31 (Reuters) – Moribund talks for a global
accord to open up trade could boost world exports by more than
half a trillion dollars a year if they were revived and
completed, lifting global economic growth by 0.2 percent, an EU
report said on Monday.
The Doha round of global trade talks — launched almost ten
years ago at the World Trade Organization — has failed to
reconcile rich and emerging nations over how to tear down
long-established barriers protecting domestic farming,
industrial and services sectors.
BRUSSELS, Oct 31 (Reuters) – European bioethanol producers
have asked EU trade authorities to investigate whether their
U.S. rivals are receiving illegal subsidies from Washington and
dumping fuel on the EU market, legal and industry sources said
The EU could impose tariffs next year on hundreds of
millions of litres from the United States if it can prove U.S.
tax credits for U.S. firms that blend ethanol with gasoline are
LA HULPE, Belgium, Oct 26 (Reuters) – Indian and Chinese
bidders are front-runners for deals to mine Afghanistan’s vast
iron ore and oil deposits, the country’s mining minister said
on Wednesday, worrying Western firms who have hesitated to
invest in the war-torn region.
Afghanistan is estimated to harbour up to 3 trillion
dollars in mineral wealth from gold, copper, iron ore and
precious stones to oil, gas and rare earth minerals.
BRUSSELS, Oct 24 (Reuters) – European Union governments
approved a proposal to impose punitive import duties for five
years on Chinese steel pipes used in the energy sector, EU
diplomats said on Monday, dealing a victory to German and
During a meeting of trade diplomats and officials Friday, a
majority of diplomats representing EU governments endorsed a
proposal to impose tariffs worth up to about 68 percent on
Chinese imports worth half a billion euros a year.
BRUSSELS (Reuters) – The EU’s top trade official called on Beijing on Friday to address European companies’ fear of “retaliation” if they speak up about unfair Chinese business practices.
Speaking ahead of an EU-China summit, EU Trade Commissioner Karel De Gucht said the EU and China needed to build up mutual trust, and demanded transparency on Chinese state subsidies to industrial sectors, which EU firms say threaten their business.
BRUSSELS (Reuters) – Rarely has the recruitment of a new member taken as long as Russia’s initiation into the World Trade Organization, but perceived economic gains and looming Russian elections make the case for Russia joining irresistible.
The European Union is the main trade heavyweight still hesitant about admitting Russia into the WTO 18 years after negotiations began, but qualms about Russian auto sector policy are competing with a stronger wish to usher Russia in before Prime Minister Vladimir Putin, a WTO-sceptic, returns to the presidency in elections next March.
BRUSSELS (Reuters) – Russia must join the World Trade Organization before WTO-skeptic Vladimir Putin wins presidential elections next year, but not before allaying European carmakers’ concerns, top EU officials said on Monday.
Saturday’s news that Putin — who has been openly doubtful of Russia joining the trade body — will run for the presidency in March 2012 elections, “indicates that we should act quickly, but not at any price,” German State Secretary for Economics and Technology Jochen Homann told Reuters.