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Trade

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  • WTO: Trade protectionism is still on the rise     Thursday, 17 Jul 2014 | 11:22 PM ET

    Roberto Azevedo, Director-General at World Trade Organization, says there's more that needs to be done to ensure free trade across the globe.

  • *South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.

  • B20 proposal will be 'outstanding': BCA     Thursday, 17 Jul 2014 | 8:47 PM ET

    Jennifer Westacott, Chief Executive, Business Council of Australia (BCA), is confident that the B20 summit will put together a "practical roadmap" that will aid the G-20's growth agenda.

  • SINGAPORE/ LONDON, July 18- Iran's iron ore industry is in crisis because of low prices, a senior industry official said, with June exports the lowest in nearly two years and ore piling up at ports. Nearly all Iran's iron ore exports go to China and were worth a total of $2.4 billion in 2013, based on Chinese customs data.

  • WASHINGTON, July 17- The United States on Thursday set steep import duties on Chinese chemicals used in sanitizing water and confirmed duties on high-tech steel from Germany, Japan and Poland after finding the products were being sold too cheaply in U.S. markets.

  • *Ecuador joins Colombia, Peru in group with EU trade deals. BRUSSELS/ QUITO July 17- Ecuador sealed a free-trade deal with the European Union on Thursday, giving the Andean nation greater access to the EU's 500 million consumers and offering the EU's fragile economy another market for its cars, whisky and luxury goods.

  • WASHINGTON, July 17- The United States on Thursday set steep import duties on Chinese chemicals used in sanitizing water after finding the products were being sold too cheaply in U.S. markets.

  • US port strike fears hit supply chains Thursday, 17 Jul 2014 | 8:43 AM ET
    The Guenther Schulte container ship departs the Port of Los Angeles in San Pedro, Calif.

    Fears of a strike or lockout at West Coast ports have forced some shippers to move their cargo destinations to Canadian or East Coast ports, the FT reports.

  • *South Korea long been expected to switch to tariffs. SEOUL, July 17- South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, domestic media outlets including the Yonhap news agency reported on Thursday.

  • What needs to be done to meet G-20's target     Thursday, 17 Jul 2014 | 12:43 AM ET

    To meet the G-20's global growth target, implementation of trade facilitation will need to be accelerated, says Harold McGraw, Chairman of the International Chamber of Commerce.

  • OECD's Gurria: Trade is critical for global growth     Wednesday, 16 Jul 2014 | 11:49 PM ET

    Speaking to CNBC at the B20 forum in Sydney, Angel Gurria, Secretary-General of OECD, says the facilitation of global trade is pivotal to accelerating growth.

  • General Electric's focus at the B20 summit     Wednesday, 16 Jul 2014 | 8:49 PM ET

    John Rice, Vice Chairman of General Electric, describes why the firm is pushing for infrastructure investment and how governments can facilitate a conducive environment for businesses.

  • Andrew Robb, Trade Minister of Australia, says it is important for the country to maintain strong relationships with all of its Asian trading partners, including China, Japan and South Korea.

  • Australia Trade Min: The aims of B20 summit     Wednesday, 16 Jul 2014 | 7:34 PM ET

    Andrew Robb, Trade Minister of Australia, says the B20 meeting hopes to propose strategies that will help the G-20 achieve its agenda of boosting world growth

  • BHP CEO: G-20 must commit to Bali package     Wednesday, 16 Jul 2014 | 6:20 PM ET

    Speaking to CNBC ahead of the B20 meeting, Andrew MacKenzie, CEO of BHP Billiton, outlines his recommendations for the facilitation of world trade.

  • WASHINGTON, July 16- The United States will insist that India and other World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.

  • WASHINGTON, July 16- The United States will insist that fellow World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.

  • U.S. to press for Bali trade deal to proceed as promised Wednesday, 16 Jul 2014 | 10:00 AM ET

    WASHINGTON, July 16- The United States will insist that fellow World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.

  • LONDON, July 16- The Australian and New Zealand dollars fell on Wednesday as GDP data raised questions about the fragile economic recovery in China, a major destination for the two countries' exports.

  • *Trade deficit $11.76 bln in June vs $11.23 bln in May. NEW DELHI, July 16- A surge in gold imports in June widened India's trade deficit to an 11- month high, adding to the uncertainty from global oil prices that could pile more pressure on its current account balance.