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Economic Measures Trade

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  • Sperling: TPP setback isn't fatal just yet

    Gene Sperling, former director of the National Economic Council and the former assistant to the President for Economic Policy, discusses the stalled negotiations of the Trans-Pacific Partnership (TPP).

  • TAIPEI, Aug 3- Taiwan stocks sank on Monday as semiconductor firms were knocked by a worsening outlook for the trade-reliant economy. On Friday, Taiwan reported its lowest quarterly economic growth in three years as a collapse in exports took a toll on tech manufacturers. The Taiwan dollar firmed T $0.073 to T $31.609 per U.S. dollar.

  • This is a 'fairly serious setback' for TPP: Pro

    Eswar Prasad, senior professor of Trade Policy at Cornell University, discusses the significance of a further delay in the already prolonged negotiations for the Trans-Pacific Partnership (TPP).

  • Pacific trade round ends in deadlock Saturday, 1 Aug 2015 | 9:33 AM ET
    Protest against the TTP trade agreement outside the U.S. Trade Representative's office in Washington.

    The U.S. and 11 Pacific nations failed to reach a trade agreement, with talks on the largest regional trade agreement ever ending in deadlock.

  • LAHAINA, Hawaii— Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Japan's economic and fiscal policy minister, Akira Amari, said he thought a deal would be reached with one more meeting. It would also clarify and standardize trade rules, making it easier for...

  • LAHAINA, Hawaii, July 31- Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating...

  • LAHAINA, Hawaii, July 31- Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared between Japan and North America over autos, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the...

  • SEOUL, Aug 1- South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Shipments to China and the European Union fell and growth tailed off in exports to the United States.

  • SEOUL, Aug 1- South Korean exports fell for a seventh straight month in July over a year earlier, further clouding the outlook for the struggling economy as demand from China, Europe and other major markets remains weak. South Korea is the first major exporting economy to report monthly trade data and home to global suppliers such as Samsung Electronics, Hyundai...

  • LAHAINA, Hawaii, July 31- Talks on a Pacific Rim free-trade pact are unlikely to end in a final deal, sources involved in the talks said on Friday, with a dispute between Japan and the United States over autos, New Zealand digging in over trade in dairy products and no agreement on monopoly periods for next-generation drugs. Trade ministers from the 12 nations...

  • TABLE-South Korea July exports fall 3.3 pct yr/yr Friday, 31 Jul 2015 | 8:04 PM ET

    SEOUL, Aug 1- Following are South Korea's preliminary export and import figures for July, released by the Ministry of Trade, Industry and Energy on Saturday:. JULY* JUNE Balance 7.8 10.0 Exports 46.6 46.7 -3.3 -2.4 Imports 38.8 36.7 -15.3 -13.6* Revised figures released on July 15. NOTES:- Reuters poll: Exports were seen down 5.0 percent in July over a year earlier while...

  • SOURCE CLOSE TO PACIFIC TRADE NEGOTIATIONS SAYS UNLIKELY TO REACH A DEAL IN MAUI, DUE TO DAIRY, AUTOS, BIOLOGICS.

  • LAHAINA, Hawaii— Trade ministers from a dozen Pacific Rim nations made significant progress this week toward a new trade agreement that would cover nearly 40 percent of the global economy, U.S. It would also clarify and standardize trade rules, making it easier for companies to sell goods and services in the Pacific Rim. The talks have also covered establishing...

  • Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, delayed until 4 p.m. local time a news conference originally scheduled for 1:30 p.m. on the Hawaiian island of Maui. Dairy exports are a top sticking point, with New Zealand- which has said it will not...

  • Pacific Rim free trade talks go down to the wire Friday, 31 Jul 2015 | 3:51 PM ET

    Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, had a news conference scheduled for 1:30 p.m. local time on the Hawaiian island of Maui. Dairy exports are a top sticking point, with New Zealand- which has said it will not back a deal that is not good for...

  • WTO rules against China in specialty steel dispute Friday, 31 Jul 2015 | 12:48 PM ET

    WASHINGTON— The World Trade Organization says China broke global trade rules by failing to comply with an earlier WTO ruling and continuing to impose duties on specialty steel imports. The case dates back to 2010 when China imposed duties on a high-tech specialty steel used in power plants. Despite the ruling, China reintroduced duties on the steel in 2013. The...

  • GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the tariffs in April, while the WTO hearings were going on, more than four and a half years after the...

  • US wins WTO ruling on Chinese speciality steel tariffs Friday, 31 Jul 2015 | 11:25 AM ET

    GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The United States brought the case in 2010 after China slapped punitive duties on U.S. exports of grain oriented flat-rolled electrical steel, used in the...

  • LONDON/ CAIRO, July 31- Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to worsening turmoil. The risks are now so high ship owners should contact their insurers before each trip, said Jonathan Moss, head of transport with...

  • *Mogherini met Iran's Zarif in Tehran this week. BRUSSELS, July 31- The European Union should start high-level talks with Iran on energy and trade by the beginning of 2016, EU foreign policy chief Federica Mogherini told a closed-door meeting of EU policymakers. The day after a deal on Iran's nuclear program was sealed this month, Mogherini told the European...