International Trade

Here’s what President Buhari told other world leaders at the D-8 summit in Turkey today!

Home | News | General | Here’s what President Buhari told other world leaders at the D-8 summit in Turkey today! Burglar breaks into the driveway of Kim K & Kanye West’s LA Mansion, ransac their luxury cars and steals an iphone Mother-of-three Beyonce shows of her snatched waist in new photos 11 hours 29 minutes ago 1 President Muhammadu Buhari today in Istanbul, Turkey urged D-8 leaders to prioritize incentives and measures aimed at increasing trade and investments among…

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Whirlpool asks feds for 50-percent tariff on competitor imports | 2017-10-20

An appliance maker in the region has asked a U.S. trade panel to recommend a 50-percent tariff on imported washing machines in an ongoing bid to keep two competitors from increasing imports through means it considers unfair. Benton Harbor-based Whirlpool Corporation, along with Louisville, Kentucky-based GE Appliances —jointly purchased last year by China’s Haier Group — on Thursday asked the U.S. International Trade Commission, or ITC, to recommend a 50-percent import duty on large residential washing machines during a “global…

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partners for an inclusive globalisation

I have long been passionate about free trade and international integration and the benefits that they can bring to people everywhere. In my own country, Mexico, I have seen firsthand what a powerful impact they can have in lifting millions out of poverty. Yet I am ever more convinced that we can and must do more to ensure that the benefits of openness and international integration are shaped more equally. In advanced and emerging countries we are witnessing challenges not…

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Whirlpool : seeking tariffs on some other company washers sold in U.S.

Oct. 20—CLYDE, Ohio — Twice unable to get satisfaction in its ongoing trade dispute with two South Korean washing machine manufacturers, Whirlpool Corp. is hoping the third try will stick. The appliance maker wants the federal government to levy heavy tariffs on all washers sold in the United States that are made by either Samsung Electronics Co. or LG Electronics Inc. Whirlpool, which claims the South Korean firms gained market share by illegally “dumping” washing machines on the U.S. market…

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George W. Bush slams Trump-era politics in speech

FORMER US President George W. Bush has delivered a thinly-veiled attack on Donald Trump without mentioning his name, warning that bigotry, white supremacy and falsehoods are threatening American democracy. Saying that “bigotry seems emboldened” in the US, the former leader evoked what some see as the growing divide in America, fuelled by the current executive’s divisive rhetoric. “Bullying and prejudice in our public life sets a national tone, provides permission for cruelty and bigotry and compromises the moral education of…

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Global Economy Improves, Domestic Economic Recovery Continues

No.19/79/DKom The BI Board of Governors agreed on 18th and 19th October 2017 to hold the BI 7-day Reverse Repo Rate at 4.25%, while maintaining the Deposit Facility (DF) and Lending Facility (LF) rates at 3.50% and 5.00% respectively, effective 20th October 2017. The decision was consistent with efforts to maintain macroeconomic and financial system stability, while stimulating the domestic economic recovery but remaining mindful of prevailing domestic and global economic dynamics. The current policy rate is considered adequate to…

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Enterprise Ireland backed companies Prodigy Learning, WeBringg, GECKO Governance and Poppulo announce office openings in Australia

News & Events 19th October 2017 Four Enterprise Ireland backed companies Prodigy Learning, WeBringg, GECKO Governance and Poppulo today announced plans to open new offices in Australia. The announcements were made at the Sydney Opera House today, as part of the Enterprise Ireland trade and investment programme to Australia, organised in the context of the President of Ireland Michael D. Higgins’ State visit to Australia. Speaking in Sydney today, An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald…

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PressTV-White House links low manufacturing to increased abuse

Internal White House documents circulated by Peter Navarro, President Donald Trump’s top adviser on trade policy, have alleged without evidence that decreased manufacturing is causing an increase in abortion, spousal abuse, divorce and infertility. The documents were prepared and distributed by Navarro, director of the White House Office of Trade and Manufacturing Policy, The Washington Post reported Tuesday, citing two people familiar with the matter. Some White House officials have expressed concern to the Post about the documents, which are not supported by any…

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Shares of Bombardier up more than 20% after signing CSeries deal with Airbus

FILE – This is a Sept. 13, 2017 file photo of the Bombardier Aerospace plant in Belfast, Northern Ireland. U.K. Prime Minister Theresa May is “bitterly disappointed” by the U.S. government’s decision to slap duties of nearly 220 percent on Canada’s Bombardier C series aircraft. May took to Twitter on Wednesday Sept. 27, 2017 to say Britain will continue to work with the company to try to protect jobs, including some 4,000 in Northern Ireland. May has a key alliance…

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Ministers Champagne, Bains and Garneau join forces for technology and innovation trade mission to India

October 17, 2017 – Ottawa, Canada – Global Affairs Canada The vibrancy of Canada’s cultural and people-to-people ties with India is a competitive advantage that has yet to be fully tapped for the benefit of Canadians and Indians alike. Canada counts more than a million Indo-Canadians and $8 billion in annual trade. Deepening economic engagement now is the key to turning that strength in cultural diversity into an economic one for long-term growth, prosperity and more middle-class jobs for Canadians.…

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Indigenous chapter critical to NAFTA despite current challenges: Bellegarde

OTTAWA — An Indigenous chapter in NAFTA mustn’t be allowed to fall by the wayside, regardless of the challenges currently confronting negotiators, says Assembly of First Nations National Chief Perry Bellegarde. Canada, the U.S. and Mexico concluded the fourth round of NAFTA negotiations on Tuesday in Arlington, Va. — discussions that spanned seven days and involved nearly 30 groups, according to Global Affairs. U.S. Trade Representative Robert Lighthizer also announced Tuesday that the trade talks are being extended into 2018. Bellegarde,…

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China’s CEFC eyes big league with Rosneft oil offtake deal

By Chen Aizhu and Olga Yagova BEIJING/MOSCOW (Reuters) – As part of its recent $9.1 billion investment in Russian oil giant Rosneft <ROSN.MM>, little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil – giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world’s top crude importer, having access to Russian oil would be a big step towards its ambition to create…

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Aso and Pence seek common ground on trade while jointly condemning Pyongyang

WASHINGTON – Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence remained at odds Monday over U.S. calls to start bilateral free trade talks but made progress on automobile and farm trade between the world’s biggest and third-largest economies. During the second round of the high-level economic dialogue in Washington, Aso and Pence agreed that Japan will “streamline noise and emissions testing procedures for U.S. automobile exports,” the two governments said in a joint news release. They also…

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Airbus acquires majority stake in Bombardier’s C Series

Airbus has acquired a majority stake in Bombardier’s C Series aircraft programme, the companies have announced. The move has been hailed as a “positive step forward” by Business Secretary Greg Clark and comes after the US government proposed a 300% duty on exports of the planes to the country amid an international trade dispute. Production of the aircraft will be extended to the US state of Alabama, which bosses from European firm Airbus and Canada’s Bombardier believe will mean it…

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