International Trade

New Projects in Cuba’s Mariel Development Zone

ZEDM is also incorporated to the Cuba-Italy Arthis Industry S.A joint venture for the production of hygiene articles. (Taken from http://www.cubabusinessreport.com). The announcement was made at the 35th International Trade Fair, FIHAV 2017, underway in Havana’s ExpoCuba site until November 3 The 35th International Trade Fair, FIHAV 2017, went on in Havana with an announcement that since November of 2016 to date, 12 new projects were approved from Cuba, Portugal, Switzerland, Canada, Russia, Puerto Rico, Brazil, Spain and France in the…

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Canadian lumber producers hammered after negotiations failed to reach deal

MONTREAL — Canadian softwood lumber producers will be hit only slightly less forcefully as the U.S. government reduced export duties for most Canadian producers after ongoing political talks failed to reach a deal. In its final determination released Thursday, the Department of Commerce said most Canadian producers will pay a combined countervailing and anti-dumping rate of 20.83 per cent, down from 26.75 per cent in the preliminary determinations issued earlier this year. Commerce Secretary Wilbur Ross said the revised duties were issued…

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Prices for EU farmers to plummet if UK imports cheap food post-Brexit – News

In 2014, agri-food imports to the UK from the rest of the EU were worth £38.5 billion, with the main exporters being the Netherlands (12 per cent), the Irish Republic (10 per cent) and France (10 per cent).   Fears have been growing on the continent about these exports being displaced on to the EU market after Brexit if the UK rushes to sign a host of new trade deals with countries from all over the world.   Although Defra…

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NAFTA 2.0 – Don’t Drink the Kool Aid

Peter Clark The NAFTA 2.0 re-negotiations are like meat in a shark tank. The doomsayers are flocking to print, TV studios and to their pulpits. But recent developments should not be surprising. The U.S. NAFTA re-balancing effort was in trouble from Day One. On January 23, 2017, I wrote: “We must hope for the best and prepare for periodic turbulence.” That turbulence has been increasing, is quite heavy and it could get worse, reaching hurricane force. Canadian and Mexican reactions, including…

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Shanghai to host first China International Import Expo – EUROPE

The first China International Import Expo, or CIIE, will be held from November 5 to 10, 2018, in Shanghai to further optimize the country’s trade structure with rest of the world, the Ministry of Commerce announced. The ministry established the China International Import Expo Bureau earlier this week to gear up preparation for the first expo. Fu Ziying, China’s international trade representative and vice-minister of commerce, said the expo is expected to host businesses from more than 100 countries and…

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Savvy trade pacts key to tackling climate change

Aaron Cosbey is a development economist expert in the law and economics of sustainable development. He is a senior associate with the International Institute for Sustainable Development. (Creative Commons via Wikipedia) Climate change may be the most difficult and urgent challenge facing mankind today. The current global plan for action, the 2015 Paris Agreement, calls for an economic and social transformation on the scale of the industrial revolution but squeezed into a much more disruptive, and tighter, timeframe. For that…

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Latin American Herald Tribune – Latin America Exports to Increase 10% in 2017, ECLAC Says

SANTIAGO – The value of exports from Latin America and the Caribbean will grow by 10 percent this year after five years of decline, the Economic Commission for Latin America and the Caribbean (ECLAC) reported on Monday. In its report entitled “International Trade Outlook for Latin America and the Caribbean 2017,” the ECLAC said that the predicted increase in regional exports can be broken down into an increase in prices of 6.5 percent and an increase in exported volume of…

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French butter shortage may grease the wheels for Irish producers

My own favourite is the lightly salted demi sel. Butter. I eat it with everything and would certainly not stint on it in cooking, no matter what doctors say. Hence, partly, the ampleur of your correspondent. And so talk of shortages in France, and headlines about the threat to the croissant, and even suggestions that there may be no butter for Christmas, are deeply perturbing to one living in Brussels, although the butter famine does not yet seem to have…

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Solar panel imports – Fiji Times Online

WASHINGTON – Members of the US International Trade Commission on Tuesday made three different recommendations for restricting solar cell and panel imports on Tuesday, giving President Donald Trump a range of choices to address injury to domestic producers. The recommendations range from an immediate 35 per cent tariff on all imported panels to a four-year quota system that allows the import of up to 8.9 gigawatts of solar cells and modules in the first year. The president’s ultimate decision could…

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Trade board urges tariffs, quotas on solar imports – The Denver Post

WASHINGTON — A U.S. trade commission recommended on Tuesday that the Trump administration impose tariffs as high as 35 percent to slow an influx of low-cost solar panels imported from China and other countries. The four-member International Trade Commission split over the exact nature of the remedies but agreed that a surge in imported solar cells and panels has caused serious harm to U.S. manufacturers. The panel’s chairwoman, Rhonda Schmidtlein, recommended tariffs ranging from 10 percent to 35 percent on…

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Angola seeking world bank support to improve “Doing Business” – Economy – Angola Press

The minister said the support is part of the ongoing programme implemented by the Executive to promote exports in replacement of imports, described as crucial for diversification of the economy. Speaking to the press at the end of the meeting with deputy president of Africa’s region of the World Bank,  Makhtar Diop, the Finance minister stressed his financial institution’s availability to develop the aforementioned study. Archer Mangueira based his trust on the fact that similar work had been done with…

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Great China’s Belt and Road initiative may be smoke and sentiment

London — One of the great hopes for a sustained bull run for commodities is China’s Belt and Road initiative, with expectations of hundreds of billions of dollars in commodity-intensive projects over the coming years. However, quantifying the impact on various commodities of China’s ambitious plans to fund, build and benefit from infrastructure and other ventures along maritime and land corridors linking Asia to Africa and Europe is challenging. In theory, the touted billions to be spent on ports, roads,…

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Trade panel recommends Trump impose tariffs on solar power technology

A federal trade panel is recommending that President Trump impose tariffs as high as 35 percent on solar power technology. The International Trade Commission’s (ITC) four members outlined their preferences at a Tuesday hearing. The panel will send them next month to Trump, who has wide discretion to accept the recommendations, reject them or take other action. The recommendations follow the ITC’s unanimous ruling last month that foreign imports of solar power cells and modules injure domestic manufacturers of the…

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U.S. Grains Council expands in Asia

The U.S. Grains Council is expanding its presence in Asia in an attempt to capture and build demand.  The U.S. Grains Council is adding a new strategic director in Asia and assistant director in Southeast Asia as part of a global resource expansion meant to capture near-term demand for feed grain sales and build long-term demand for ethanol among global customers.  “Over the past year, the Council’s leadership has heard loud and clear that what our members want is new…

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U.S. Trade Panel Backs Solar Tariffs

Federal trade officials are recommending that the Trump administration impose an import tariff of up to 35% on solar panels to protect U.S. solar manufacturers from low-price imports that have undercut the companies’ ability to compete. Members of the U.S. International Trade Commission outlined their various recommendations Tuesday, which also included import quotas and a licensing fee. They must now send them to the White House, which has until January to decide what, if any, actions to take. … Source link

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Mustapa bats for strong ties with US – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

KUALA LUMPUR: Strong economic ties with countries like the US is crucial for Malaysia to strengthen its economy and improve trade performance, says International Trade and Industry Minister, Datuk Seri Mustapa Mohamed. He said Malaysia was looking at the possibility of re-activating the Trade & Investment Framework Agreement (TIFA) with the US as an alternative trade agreement, besides the current Free Trade Agreement (FTA) being negotiated. “This (the TIFA) is still a work in progress. It is important for us…

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