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Trade News

France rules out imminent EU-US trade deal, wants talks halted

Paris - France said Tuesday it wanted to halt thorny EU-US trade talks as President Francois Hollande said there would be no deal until after President Barack Obama leaves office in January.

Inside Nepal's forgotten medieval kingdom

In Nepal's isolated, high-altitude desert of Upper Mustang, a new road to China is bringing economic transformation to the former Buddhist kingdom, once a centre for trans-Himalayan commerce.

In Nepal's Himalayas, hopes of closer China ties

- Twice a year, a normally deserted border checkpoint high on the Tibetan plateau throngs with activity as traders from Nepal flock to do business with their giant northern neighbour China.

Putin says 'painstaking work' needed to rebuild Russia-Turkey trade

Sanktpeterburg - Russian President Vladimir Putin said Tuesday that restoring trade ties with Turkey will take time and work, after his first meeting with counterpart Recep Tayyip Erdogan since Ankara shot down a Russian warplane last November.

Beijing slaps EU, Japan, S. Korea with steel duties

Bejing - China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices.

Britain eyes new trade deals for Brexit in early 2019

London - The minister charged with securing new trade deals for Britain outside the EU said Sunday he was aiming for a Brexit date of January 1, 2019, as London made overtures towards Australia and Canada.

Ukraine and Canada sign 'milestone' free trade deal

Kiev - Ukraine and Canada signed a "milestone" free trade agreement on Monday designed to bolster support for the war-scarred former Soviet republic in the face of an increasingly assertive Russia.

G20 nations pledge to boost trade despite growing protectionism

Shanghai - The world’s top 20 economies will work to boost sluggish global trade despite growing protectionism, overcapacity concerns, and uncertainty over Brexit, G20 trade ministers said Sunday at a meeting in Shanghai.

EU urges swift ratification of Canada trade deal

Strasbourg - The EU Commission on Tuesday urged national parliaments to swiftly ratify the long-delayed EU-Canada trade deal, an agreement that is largely seen as a model for a proposed deal with the US.

Netanyahu says Israel, Kenya share terrorist threat

Nairobi - Israel and Kenya should work hand-in-hand against terrorism, Prime Minister Benjamin Netanyahu said in Nairobi on Tuesday during the second leg of a four-nation Africa tour.

EU-Canada deal should be put to German parliament: Merkel

Berlin - Chancellor Angela Merkel said Thursday that the German parliament should be consulted on the EU's free trade deal with Canada, setting her on a collision course with European Commission chief Jean-Claude Juncker.

Putin extends Western food embargo to end of 2017

Moscow - Russian President Vladimir Putin on Wednesday extended to the end of 2017 Moscow's embargo on food items from the West imposed in retaliation for sanctions over Ukraine.

Putin mends ties with Turkey, lifts tourism ban

Moscow - President Vladimir Putin on Wednesday lifted restrictions on travel to Turkey after mending ties with his Turkish counterpart Recep Tayyip Erdogan, seven months after Ankara downed a Russian jet, triggering a raft of sanctions.

Canada to lift travel visa requirement for Mexicans

Ottawa - Canada will rescind travel restrictions on Mexicans at the end of this year, Prime Minister Justin Trudeau announced during a visit by his counterpart President Enrique Pena Nieto on Tuesday.

Prosecco panic in Italy as Britain's EU vote looms

Rome - There will be no corks popping in Italy if Britain votes to leave the EU on Thursday: winemakers fear a Brexit could burst prosecco's bubble in its number one export market.

Demos greet Chinese president in Poland

Varsovia - Rival demonstrations greeted Chinese President Xi Jinping as he arrived in Warsaw on Sunday on a three-day visit focused on investment and trade with Poland, the EU's largest eastern economy.

Russia unveils 'world's biggest' nuclear icebreaker

Moscow - Russia on Thursday floated out a new nuclear-powered icebreaker, said to be the world's biggest and most powerful, to be used for hauling liquefied natural gas from its Arctic terminal.

German economy minister blasts Merkel on EU-US trade treaty

Frankfurt - Germany's economy minister lashed out at Chancellor Angela Merkel for her "wrong" stance on a huge EU-US free trade pact in an interview to be published Monday, signalling a deepening rift within the government over the controversial accord.

Obama implores Vietnam to embrace human rights

President Barack Obama urged communist Vietnam on Tuesday to abandon authoritarianism, saying basic human rights would not jeopardise its stability, after Hanoi barred several dissidents from meeting the US leader.

Obama banishes Vietnam war era with lifting of arms ban

Hanoi - US President Barack Obama on Monday scrapped a Cold War-era ban on weapons sales to Vietnam, as ties between the former foes grow closer thanks to trade and mutual fears of Chinese expansion in disputed seas.

Obama lands in Vietnam to boost security, trade ties

Hanoi - US President Barack Obama landed in Vietnam late Sunday for a landmark visit capping two decades of rapprochement between the former wartime foes, as both countries look to push trade and check Beijing's growing assertiveness in the South China Sea.

EU won't sacrifice food safety for U.S. trade deal: German minister

Berlin - The EU won't sacrifice its high food safety standards for better US auto market access in a transatlantic trade deal being negotiated, a German minister said Friday.

Tunisia-Libya border trade will resume 'very soon': Tunisia

Jarjis - Tunisia is confident that trade at the main border crossing with Libya will resume "very soon", local authorities said, nearly a week after the Libyan side imposed a blockade.

France says EU-US trade pact talks likely to stop

Paris - Negotiations for a vast US-EU trade pact, which aims to create a free-trade zone covering 850 million people, are likely to grind to a halt because of Washington's reluctance to make concessions, a top French trade official warned Tuesday.

France warns could nix TTIP if agriculture threatened

Paris - France will reject the ambitious TTIP transatlantic trade pact if it endangers the future of French agriculture, President Francois Hollande warned Sunday.

Trump vows 'America first' foreign policy

Washington - Republican White House frontrunner Donald Trump promised a top-to-bottom overhaul of US foreign policy Wednesday to put "America first" and make its allies pay up.

No EU-US deal without health, environment guarantees: France

Paris - French Prime Minister Manuel Valls warned Tuesday that there could not be a transatlantic trade pact without strict guarantees that French quality standards would be kept up.

Trade deal foes plan major German rally on eve of Obama visit

Hanover - Opponents of a proposed transatlantic trade deal hope to draw tens of thousands onto German streets Saturday, on the eve of a visit by US President Barack Obama.

China restricts North Korea exports

Bejing - China on Tuesday imposed restrictions on imports of North Korean coal and iron, Beijing's commerce ministry said, in line with United Nations sanctions on the country following its nuclear and missile tests.

Djibouti's strategic position draws world's armies

Arta - A French warship ploughs through the sparkling waters between Africa and Arabia on a joint training drill with the US that highlights Djibouti's growing strategic role for the world's militaries.
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Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
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