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Economic Measures Trade

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  • LAHAINA, Hawaii— Trade ministers from 12 Pacific Rim nations meeting in Hawaii took time out from their talks for a new trade agreement to pose for a photo. They have been discussing the Trans-Pacific Partnership trade agreement, which advocates say would lower tariffs and other trade barriers while also setting labor and environmental standards for its...

  • APCAC: 'Cautiously optimistic' for a TPP deal

    Steve Okun, vice chairman of the Asia Pacific Council of American Chambers of Commerce (APCAC), discusses whether talks on the Trans-Pacific Partnership (TPP) could be concluded in Hawaii this week.

  • LAHAINA, Hawaii, July 30- Pacific Rim trading partners have to make an effort to seal an ambitious free trade deal but must also recognize that very sensitive markets cannot be thrown open to full competition immediately, Mexican Trade Minister Ildefonso Guajardo said on Thursday. Trade ministers from the 12 countries negotiating the Trans-Pacific...

  • CHICAGO, July 30- U.S. soybean futures rose on Thursday as signs of growing export demand threatened to cut into an already thin supply base, traders said. Corn futures also firmed, with bargain hunters and technical buyers stepping into the market after prices fell to a five-week low. Chicago Board of Trade August soybean futures settled up 7-1/ 4 cents at $9.90-1/ 4...

  • Mike Foley will travel to Japan in September for back-to-back missions to promote foreign trade and investment, the governor announced Thursday. Foley will lead a delegation Sept. 9-11 to promote Nebraska's beef and pork products in the country, which is Nebraska's largest export partner. Ricketts said the Japan continues to be one of Nebraska's top export...

  • WASHINGTON— A U.S. Senate panel approved energy legislation Thursday that would lift the 40- year-old ban on crude oil exports and open more areas of the Arctic, Gulf of Mexico and the Atlantic Ocean to oil and gas exploration. Republican Lisa Murkowski of Alaska, chairman of the panel, championed the bill, which passed by a party-line vote of 12-10. She said...

  • TOKYO, July 30- Japan's factory output rose modestly in June after a big drop in the prior month, highlighting worries of a second-quarter economic slump as exports weaken and manufacturers are saddled with large inventories. Analysts expect the economy to bounce modestly in the current quarter, helped by a pick-up in private consumption as household incomes...

  • Countries involved in the Trans-Pacific Partnership free trade talks are considering a U.S. proposal for finance ministers to discuss currency questions, Australian Trade Minister Andrew Robb said on Tuesday. The move falls short of demands from U.S. lawmakers for tough rules against currency cheating, including from Levin, whose state of Michigan is home...

  • Ex-Australian Foreign Min: China FTA is significant Wednesday, 29 Jul 2015 | 9:37 PM ET
    Ex-Australian Fin Min: China FTA is significant

    Bob Carr, Former Foreign Minister of Australia, explains why he agrees with Prime Minister Tony Abbott on the importance of Australia's free trade agreement with China.

  • TOKYO, July 30- Japan's factory output rose modestly in June after posting a big drop in the prior month, highlighting worries of a possible contraction in the second quarter as exports slump and manufacturers are saddled with large inventories. Reflecting expectations of a gradual pick-up in factory activity ahead, manufacturers surveyed by the ministry...

  • LAHAINA, Hawaii— Opponents of a Pacific Rim trade deal being negotiated at a Maui resort demonstrated against the proposed pact Wednesday. A couple dozen members of locally based labor unions and environmental groups gathered at Kaanapali Beach fronting the Westin Maui hotel in Lahaina to listen to brief speeches and prepare to blow conch shells.

  • What Australia hopes to achieve at Boao Forum Wednesday, 29 Jul 2015 | 6:35 PM ET
    What Australia hopes to achieve at Boao Forum

    Stuart Ayres, Minister for Trade, Tourism and Major Events for New South Wales, Australia, hopes that the Boao Forum for Asia Conference can reposition Australia as a key player in the Asian market.

  • Boehner backs push to export US crude oil Wednesday, 29 Jul 2015 | 3:14 PM ET

    WASHINGTON— The Republican leader of the U.S. House of Representatives says he supports a push by U.S. oil companies to ship their crude oil overseas and lift a decades-long ban on exports. Speaker John Boehner said the change would be a boon for the economy, creating up to a million jobs and bringing U.S. energy policy into the 21st century. The export ban is a relic of...

  • *To restructure and downsize India operations. *To stop production at one of two plants in India. NEW DELHI, July 29- General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

  • U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...

  • The 58- year-old, whose lush paddy fields in the Shonai plain overlook the Sea of Japan, is in the minority among farmers generally opposed to a pact being negotiated in Hawaii this week that could make selling their products harder. Japan's reluctance to open up to more imports, including of rice, has been a major stumbling block to the TPP, and Tokyo held bilateral...

  • LAHAINA, Hawaii, July 28- Pacific Rim trading partners might convene a top-level forum to discuss how to stop countries manipulating currencies for competitive advantage, Australian Trade Minister Andrew Robb said on Tuesday. Speaking on the sidelines of a meeting in Hawaii where ministers are negotiating a 12- nation trade deal, Robb said member countries...

  • Trade ministers from 12 Pacific nations gather on Maui Wednesday, 29 Jul 2015 | 2:47 AM ET

    LAHAINA, Hawaii— Trade ministers from 12 nations around the Pacific Rim are meeting on the Hawaiian island on Maui to negotiate a trade pact. Trade Representative Michael Froman told his counterparts at the start of the talks at the Westin Resort in Kaanapali on Tuesday that tough political issues remain to be resolved. Other nations negotiating the deal...

  • LAHAINA, Hawaii, July 28- Australia is pleased with discussions with Pacific Rim trading partners on resolving disputes with foreign investors but will not agree to a regional trade pact unless it wins more access to the U.S. sugar market, Australian Trade Minister Andrew Robb said on Tuesday. In an interview with Reuters on the sidelines of talks aimed at...

  • Amari says Japan, U.S. need more bilateral trade talks Wednesday, 29 Jul 2015 | 1:32 AM ET

    LAHAINA, Hawaii, July 28- Japanese Economics Minister Akira Amari said on Tuesday that Japan and the United States have not yet reached an agreement in bilateral trade talks and that the two nations need more discussion. Ministers from the 12- nation Trans-Pacific Partnership are in Hawaii aiming to clinch a broad agreement this week. Japan and the U.S. have been...