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Trade News

China's Li seeks new tack in ties with Cuba

Havana - Chinese Premier Li Keqiang said it was time for a new direction in relations with Cuba, during a landmark visit to the Americas' lone communist-ruled state.

EU looks beyond Obama to clinch free trade deal

Bratislava - A last-gasp push to seal a landmark free trade deal between the European Union and the United States before the end of Barack Obama's presidency has failed, EU ministers agreed on Friday.

Japanese PM in Cuba to 'open new page' in ties

Havana - Prime Minister Shinzo Abe arrived in Cuba for the first visit to the country by a Japanese premier, saying he wants to "open a new page" in relations.

EU ministers scramble to salvage US trade deal

Bratislava - European trade ministers scramble Friday to salvage talks on a massive free trade deal with the US amid growing calls in key powers France and Germany to abandon negotiations.

Protesters rally across Germany against TTIP trade deal

Berlin - More than 160,000 demonstrators thronged seven major cities across Germany on Saturday in protest over a massive transatlantic trade deal, dealing a new blow to the disputed accord.

EU-US trade talks have lost support in France: official

Paris - An ambitious EU-US free-trade agreement no longer enjoys political support in France, the country's junior trade minister said Wednesday, while conceding that Paris could not block the talks."The (European) Commission has the perfect right...

Mercosur blocks Venezuela from presidency, threatens suspension

Caracas - The founding members of the South American trading bloc Mercosur announced Wednesday that they have taken over its rotating presidency to block Venezuela from the post, threatening to suspend the country if it fails to comply with obligations.

Argentina woos investors at 'mini Davos'

Buenos Aires - Argentina opened a major investment conference Tuesday, seeking to persuade executives from the world's top multinational corporations to bet on Latin America's third-largest economy and its new center-right government.

US challenges China's $100 bn rice, cereal subsidies

Washington - US President Barack Obama launched legal action against "unfair" Chinese rice, wheat and corn subsidies at the World Trade Organization on Tuesday, setting up a culturally sensitive multi-billion-dollar trade spat.

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.
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Demetrios Marantis  US Deputy Trade Representative  speaks at the US-Africa Trade Press Conference h...
Demetrios Marantis, US Deputy Trade Representative, speaks at the US-Africa Trade Press Conference held at the World Economic Forum on Africa 2009 in Cape Town, South Africa
World Economic Forum
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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A man hawks coffee beans on a wooden bike in a stadium in Kampala  Uganda on September 20  2010.
A man hawks coffee beans on a wooden bike in a stadium in Kampala, Uganda on September 20, 2010.
President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at t...
President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at the G20 Summit in Toronto, Canada
White House Photo by Pete Souza
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against...
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against the New Orleans Pelicans at The Palace of Auburn Hills. New Orleans won 103-101. Jan. 24, 2014
With permission by Reuters / Tim Fuller-USA Today
The Silk Road extending from southern Europe through Egypt  Somalia  the Arabian Peninsula  Iran  Ce...
The Silk Road extending from southern Europe through Egypt, Somalia, the Arabian Peninsula, Iran, Central Asia, Pakistan, India, Java-Indonesia, and Vietnam til it reaches China. Land routes are red, water routes are blue. The Black Death originated in China and spread by way of the Silk Road. It reduced the world's population from an estimated 450 million to between 350 and 375 million in 1400.
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Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
Sino Persian trade relations
Sino Persian trade relations
The new free trade area in Africa will create a market with a population of 625 mn and gross domesti...
The new free trade area in Africa will create a market with a population of 625 mn and gross domestic product of more than $1 tn
Roberto Schmidt, AFP