International Trade

Canada, U.K. officials go to bat for Bombardier at U.S. trade tribunal

The Canadian and British governments appeared before a U.S. tribunal Monday arguing against the imposition of duties on Bombardier planes, in a hearing highlighting the more aggressive use of trade remedies in Donald Trump‘s America. READ MORE: Bank of Canada flags NAFTA, Bombardier trade woes: U.S. protectionism ‘already evident’ Canada’s ambassador to Washington said potential duties of up to 300 per cent on Bombardier’s C-Series jet are illegitimate as he urged the U.S. International Trade Commission to cancel them in…

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Why the U.S. could slap import duties on a plane made in Alabama

In this Monday, Dec. 7, 2015, photo, the distinctive winglet on the second Boeing 737 MAX airplane being built is shown on the assembly line in Renton, Wash.  (AP Photo/Ted S. Warren) U.S. trade officials on Monday will hear final arguments over Boeing’s claim that it has been harmed by planned imports of Canadian aircraft, in a case that underscores corporations’ efforts to capitalize on the Trump administration’s tougher trade stance. The Commerce Department already has made a preliminary determination…

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Opinion: The CPTPP represents significant opportunity for the Canadian economy

Trade ministers and delegates from the remaining members of the Trans-Pacific Partnership work toward a deal in Danang, Vietnam in November. Na Son Nguyen/AFP/Getty Images As Prime Minister Justin Trudeau and his colleagues digest the outcome of recent discussions with senior Chinese government officials on the possible development of a free-trade agreement between Canada and China, they should not lose sight of a more imminent opportunity: completion of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), previously known as…

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Boost for trade ties between KL and Colombo – Nation

COLOMBO: Trade ties between Malaysia and Sri Lanka will receive a boost following Datuk Seri Najib Tun Razak’s visit here. The Prime Minister, who is on his first official visit to Sri Lanka, landed at Bandaranaike International Airport here at 8.40am (11.10am Malaysia time) yesterday. Najib, accompanied by his wife Datin Seri Rosmah Mansor, was greeted on arrival by Tilak Mara­pana, Sri Lanka’s Minister of Fo­­reign Affairs and Development Assignments. The others present to greet the Prime Minister included the…

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Chabahar Port new opportunity for boosting regional ties

TEHRAN, Dec. 14 (MNA) – In line with Iran’s policy to augment its transit capabilities, early December the first phase of the strategic Chabahar port was inaugurated by Iranian President Hassan Rouhani attended by officials from 17 countries. The fresh enlargement in Chabahar would made the port a cost efficient and crucial transit destination for modern container ships carrying cargo along the International North-South Transit Corridor. The move heralds the launch of a new chapter in the economic progress of…

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Tekno 2017 opens in Dubai

More than 94 international exhibitors, and seven domestic exhibitors are taking part in Tekno 2017, an international industrial trade fair, which opened today (December 17), in Dubai, UAE.  UAE-based global marine terminal operator DP World Group chairman and CEO and chairman of Ports, Customs and Free Zone Corporation (PCFC), Sultan Ahmed bin Sulayem inaugurated the event. The trade fair will run until December 19, at the Dubai International Convention and Exhibition Centre (DICEC). Bin Sulayem toured the exhibition and also…

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TEKNO 2017 Opens Today in Dubai

Sultan Ahmed bin Sulayem, DP World Group Chairman, during the inauguration Follow > , , , , , , , , , , , Sultan Ahmed bin Sulayem, DP World Group chairman and CEO & Chairman of Ports, Customs and Free Zone Corporation (PCFC) inaugurated TEKNO 2017 at the Dubai International Convention and Exhibition Centre (DICEC) today (December 17th, 2017). Bin Sulayem toured the exhibition and also interacted with the exhibitors to know more about their products, technologies and services…

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The Jones Act costs too much for all Americans | Columns

Puerto Rico’s post-hurricane plight has drawn attention to the Jones Act, the 1920 law that compels all maritime commerce between U.S. ports to be carried on ships built, owned and crewed by Americans. The law is adding to the island’s problems, and should be set aside for that reason alone — but the Jones Act was, or should have been, a scandal well before the hurricane hit. What Americans ought to ask is not whether the law should be waived…

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NAFTA prospects through the lens of Mexico | Business

Silently, deadlines linger. It’s handled in hypothesis, Tony Payan cautioned, but as July’s Mexican presidential election inches closer, the more complicated renegotiations for the North American Free Trade Agreement could become. Payan, director of the Mexico Center at Rice University’s Baker Institute, is not alone. And the question now is whether the July 1 election will prompt the Trump administration and its NAFTA negotiators to adopt a sense of urgency. “Should be,” U.S. Rep. Henry Cuellar, D-Laredo, said. “But it…

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Brexit thinktank in dispute over use of ‘institute’ in title | Politics

A hard Brexit-supporting thinktank faces being forced to change its name or pay a fine after describing itself as an “institute” without permission. Use of the title is protected by law and reserved for established organisations “that typically undertake research at the highest level, or are professional bodies of the highest standing”. It can be used only after permission has been granted by Companies House and Greg Clark, the business secretary. However, it has emerged that the Institute for Free…

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USTR upgrade a big boost

THE US Trade Representative (USTR)’s upgrade of Thailand’s status to the Watch List (WL), from the previous Priority Watch List (PWL), of countries monitored for violation of intellectual property rights (IPRs) will boost the country’s international image, economy and foreign investors’ confidence, according to top government officials. However, FTA Watch, a non-government organisation, warned that there could be long-term negative consequences on domestic drug prices and the agricultural sector. Government Spokesman Lt-General Sansern Kaewkamnerd said Prime Minister Prayut Chan-o-cha was…

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Maryland thoroughbred farms help court South Korean business

BALTIMORE (AP) — John William Boniface Sr. bent down and ran his fingers through the grass at his Bonita Farm in Harford County. “Maryland has as good a grass as Kentucky,” he told a group of visitors from South Korea. Boniface boasted that Maryland held its first thoroughbred horse race in 1721, back when Kentucky was still open prairie. “Maryland is the place to buy and breed horses,” he said. “When they tell you all that you’ve got to be…

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Washington is in a spin cycle | Opinion

A household appliance will be the next steppingstone on America’s path to restored greatness. The government is poised to punish many Americans, in the name of protecting a few of them, because, in the government’s opinion, too many of them are choosing to buy foreign-made washing machines for no better reason than that the buyers think they are better. If you are wondering why the government is squandering its dwindling prestige by having opinions about such things, you have not…

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U.S. setting stage for solar trade war with China

The document says that depending on foreign countries for energy technology imports also jeopardizes U.S. energy independence and dominance. | Kevin Frayer/Getty Images The White House is preparing to argue that trade barriers are needed to foster solar manufacturing inside the United States. By EMILY HOLDEN 12/15/2017 05:13 PM EST Updated 12/15/2017 04:50 PM EST 2017-12-15T04:50-0500 An unreleased White House document offers the strongest hint yet that the Trump administration is laying the groundwork for punitive tariffs on Chinese-made solar…

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India’s market stable despite geopolitical uncertainties: RBI Governor Urjit Patel

Reserve Bank of India Governor Urjit Patel on Friday said that India’s market is stable despite geopolitical uncertainties and the current account deficits are also within the sustainable limit. (Photo: PTI) Reserve Bank of India Governor Urjit Patel on Friday said that India’s market is stable despite geopolitical uncertainties and the current account deficits are also within the sustainable limit, TV reports said. He further said that country’s recent economic growth may have disappointed some but government has purchased the path…

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Emphasis on infrastructure development catalyst for growth and sustainability

A development agenda themed ‘Vision 2022’, currently being pursued by the Swaziland government, is putting emphasis on infrastructure development as a catalyst for long-term growth and sustainable development, says engineering and infrastructure advisory company Aurecon bridges technical director Johan Kotzé. Forming part of Vision 2022, he explains that the Siphofaneni bridge and road project, in Swaziland, is going to be the standard for future infrastructure projects in Swaziland, as confirmed by the Head of State during the official opening of…

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