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  • LOS ANGELES, Feb 21- U.S. West Coast ports will resume full operations from Saturday evening after a tentative labor deal was reached between a dockworkers union and a group of shippers, easing months of disruptions to trans-Pacific trade that have hit businesses from automakers to meat exports. Labor Secretary Thomas Perez arrived in San Francisco to broker a...

  • LOS ANGELES, Feb 21- A group of shipping companies and a powerful dockworkers union reached a tentative labor deal late on Friday after nine months of negotiations, settling a dispute that disrupted the flow of cargo through 29 U.S. West Coast ports and snarled trans-Pacific maritime trade with Asia. The White House called the deal "a huge relief" for the economy,...

  • Obama begins sales pitch on trade to wary U.S. public Saturday, 21 Feb 2015 | 6:00 AM ET

    WASHINGTON, Feb 21- President Barack Obama on Saturday began a broad sales pitch to the U.S. public about the merits of free trade deals, an area in which he faces stiff resistance from many in his own Democratic party. Obama has said he wants to work with Congressional Republicans to finalize the Trans Pacific Partnership trade pact, an agreement that would...

  • WASHINGTON, Feb 20- Chief negotiators for a Pacific trade deal will meet in Hawaii for talks in the second week of March, the U.S. trade office said on Friday, a move which potentially pushes back the timing of a final agreement on the pact. Australian Trade Minister Andrew Robb said on Feb. 5 he hoped to reach agreement on the bulk of the Trans-Pacific Partnership...

  • BRASILIA, Feb 20- Brazil and Mexico said on Friday they advanced in talks over a soon-to-expire auto treaty that establishes a quota for trading light vehicles free of tariffs and their negotiators will meet again on Feb. 27 in Mexico City. The deal that allows Mexico and Brazil to sell each other up to $1.64 billion worth of vehicles a year duty-free- exports above...

  • WASHINGTON, Feb 20- Chief negotiators for a Pacific trade deal will meet in Hawaii for talks in the second week of March, a source familiar with the planning of the meeting said on Friday, potentially pushing back the timing of a final agreement on the pact. Australian Trade Minister Andrew Robb said on Feb. 5 he hoped to reach agreement on the bulk of the...

  • BOGOTA, Feb 20- Colombia's central bank kept its key lending rate unchanged at 4.5 percent for a sixth straight month on Friday, as economic growth slows in the face of depressed oil prices. Trade terms in Colombia decreased significantly in late 2014. In recent weeks, oil prices and several commodities which Colombia exports and imports have ceased their fall.

  • MOSCOW, Feb 20- Russia should consider cutting import taxes for raw sugar, vegetables and fruit and imposing export duties on rye, barley and maize, Russian news agencies quoted the head of the state Anti-Monopoly Service as saying on Friday. He said Russia should also impose a quota on imports "so as not to kill Russian producers". The sugar duty in Russia, Belarus and...

  • U.S. officials are lobbying lawmakers to support legislation allowing the White House to submit trade deals to Congress for a yes-or-no vote, without amendments, in exchange for setting negotiating goals. "I think there's still work that needs to be done to make sure that people are comfortable in knowing there's adequate transparency, and understanding and...

  • WASHINGTON, Feb 19- A deal to set limits on sugar imports to the United States from Mexico would squeeze U.S. sugar refiners, refiners said on Thursday, while sugar growers from both countries said the deal should stand. Louis Dreyfus Commodities' Imperial Sugar Co and AmCane Sugar LLC are challenging agreements hammered out to end a dispute over Mexican sugar...

  • U.S. sugar refiners challenge deal over Mexico imports Thursday, 19 Feb 2015 | 11:25 AM ET

    WASHINGTON, Feb 19- A deal to set limits on sugar imports to the United States from Mexico would squeeze U.S. sugar refiners and puts the needs of growers and millers first, refiners said on Thursday. Louis Dreyfus Commodities' Imperial Sugar Co and AmCane Sugar LLC are challenging agreements hammered out to end a dispute over Mexican sugar exports, which set a...

  • The great US trade debate  Thursday, 19 Feb 2015 | 6:53 AM ET

    The White House is working on a trade agreement, but many fear a new bill tackling currency manipulation by trading partners could hurt expansion talks. Tony Fratto, Hamilton Place, and Scott Paul, Alliance for American Manufacturing, provide perspective.

  • Negotiators from 12 Pacific nations hope to conclude talks on a Trans-Pacific Partnership within months, and House Ways and Means Committee Chairman Paul Ryan said legislation known as trade promotion authority should pass soon, easing a major hurdle. The TPP pact would link 12 countries from the United States to Japan, Australia and New Zealand, and cover...

  • Swiss exports fall in month SNB removes cap on franc Thursday, 19 Feb 2015 | 4:02 AM ET

    ZURICH, Feb 18- Swiss exports fell 0.8 percent in January in real terms from a year earlier, when adjusted to take account for one less working day than last year, with sales of chemicals and pharmaceuticals hard hit, the Federal Customs Office said on Thursday. The surge in the Swiss franc since Switzerland scrapped the currency's cap in mid-January may also have...

  • TOKYO— A bipartisan congressional agreement on granting President Barack Obama trade promotion authority for a pan-Pacific trade deal is likely this spring, U.S. lawmakers visiting Japan said Thursday. Paul Ryan of Wisconsin, chairman of the House Ways and Means Committee, and seven other lawmakers were meeting with Prime Minister Shinzo Abe and other top...

  • TOKYO— Japan's trade deficit plunged nearly 60 percent in January from a year before as exports rose and its import bill for oil and gas dropped thanks to sharply lower crude oil prices. The deficit was nearly 2.8 trillion yen in January 2014. Japan's long era of trade surpluses ended after its nuclear plants were shut down following the disaster at the Fukushima...

  • TOKYO— Japan's trade deficit plunged nearly 60 percent in January from a year before as exports rose and its import bill for oil and gas dropped thanks to sharply lower crude oil prices. The deficit was nearly 2.8 trillion yen in January 2014. Japan's long era of trade surpluses ended after its nuclear plants were shut down following the disaster at the Fukushima...

  • TOKYO, Feb 19- Japan's annual exports in January jumped the most since late 2013 in an encouraging sign a weak yen is finally boosting the nation's all-important export engine and helping the economy crawl out of a recession. The 17.0 percent year-on-year gain in exports marked the fifth straight month of increase, supported by brisk shipments of cars to the...

  • Japan exports roar ahead in January, trouncing forecasts Wednesday, 18 Feb 2015 | 6:59 PM ET
    A worker walks through the assembly area at the East Japan Railway's Shinkansen General Rolling Stock Center in Rifu, Miyagi Prefecture, Japan.

    Japan's January exports rose 17.0 percent on-year, beating expectations, suggesting a weaker yen may be boosting demand for the country's products.

  • Japan Jan exports rise 17.0 pct year/year - MOF Wednesday, 18 Feb 2015 | 6:54 PM ET

    TOKYO, Feb 19- Japanese exports rose 17.0 percent in January from a year earlier for a fifth straight month of gains, Ministry of Finance data showed on Thursday, in a further sign of a pick-up in external demand. The result compared with an 11.9 percent increase expected by economists in a Reuters poll. That resulted in a trade deficit of 1.18 trillion yen, extending...