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Trade News

Venezuela fury at Mercosur suspension

Caracas - Venezuela angrily rejected as a "coup" its suspension from South American economic bloc Mercosur on Friday, the harshest international punishment yet for President Nicolas Maduro's crisis-racked government.

Key bloc Mercosur suspends Venezuela: source

Rio De Janeiro - The key South American economic bloc Mercosur has suspended crisis-hit Venezuela for failing to meet democratic and trade standards, a government source in member country Brazil said.

WTO chief says no 'indication' US will quit body under Trump

Geneva - The head of the World Trade Organization said Thursday he had had no indication the United States would move to leave the WTO under Donald Trump's administration.

What now for the TPP?

Toukyo - After Donald Trump vowed to abandon the Trans-Pacific Partnership, here are some key questions about a huge trade pact that supporters said would write the rules for 21st century commerce -- but which might now be doomed.- What is the TPP?

Asia-Pacific leaders vow to fight protectionism

- Asia-Pacific leaders vowed Sunday to fight protectionism at the close of a summit upended by US President-elect Donald Trump's shock victory and virulent attacks on free-trade deals.

Merkel says EU-US trade deal won't be concluded

Berlin - German Chancellor Angela Merkel admitted Thursday that a trade deal between the European Union and United States would not be concluded now, after the election of Donald Trump, who opposes the planned accord.

Canada, Mexico ready to talk about NAFTA with US

Ottawa - Canada and Mexico agreed Thursday to US President-elect Donald Trump's demand to have a fresh look at their tripartite 22-year-old free trade pact, fearing they could be shut out of the US market.

Canada PM says ready to renegotiate NAFTA with Trump

Ottawa - Canadian Prime Minister Justin Trudeau said Thursday he is willing to renegotiate the North American Free Trade Agreement (NAFTA), which US President-elect Donald Trump has said he wants to change or scrap.

Trump's win a victory against globalisation, experts say

Paris - After Britain's shock vote to quit the EU, Donald Trump's victory is a new powerful sign of a popular backlash against the drive for globalisation and more free trade.

Saree-clad May says post-Brexit opportunities in India

Bangalore - British Prime Minister Theresa May said Tuesday there was a "world of opportunities" for post-Brexit Britain in India, as she donned a saree during a temple charm offensive in Bangalore.

May lays groundwork for post-Brexit India trade deal

New Delhi - Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world's fastest growing major economy.

New Dutch referendum looms targeting EU-Canada pact

Den Haag - Dutch activists said Saturday they have garnered nearly two-thirds of the signatures needed to force the government to hold a referendum on the new EU-Canada trade pact, in what may prove a fresh setback to the deal.

Germany takes aim at China on trade on eve of key visit

Frankfurt - Germany's economy minister Sigmar Gabriel on Monday launched a fresh attack on "unfair and aggressive trade practices" by China ahead of a visit to the country.

EU, Canada sign delayed trade deal

Brussels - The EU and Canada finally signed a landmark free trade deal seven years in the making on Sunday, after overcoming last-minute resistance from a small Belgian region that nearly torpedoed the entire agreement.

'Nothing's simple' Belgium says as signs EU-Canada deal

Brussels - Belgium on Saturday officially signed the landmark EU-Canada trade accord after a drama that saw Belgian regions threaten to torpedo years of negotiations.

Belgium reaches consensus on EU-Canada free trade deal: PM

Brussels - Belgian political leaders have reached a consensus in support of the landmark EU-Canada trade deal, Prime Minister Charles Michel said Thursday, raising hopes it can be signed soon.

Europe must delay summit on Canada trade pact: EU's Schulz

Frankfurt - Europe must delay a summit this week when EU leaders hoped to sign the hotly-contested CETA free-trade deal with Canada, European Parliament President Martin Schulz told German radio on Tuesday.

May denies Britain heading for 'hard Brexit'

London - Prime Minister Theresa May denied Monday that Britain was heading for a "hard Brexit" and insisted her hopes for immigration control were not incompatible with a good trade deal with the EU.

Belgium cannot sign off on EU-Canada trade pact

Brussels - Belgium has conceded it cannot sign off on a landmark EU free trade deal with Canada because of continued objections from Wallonia and other regional leaders who rejected a late Monday deadline.

EU, Canada to decide Monday on trade pact signing summit

Brussels - The European Union and Canada will decide on Monday whether to gather for a summit later this week to sign the imperilled CETA trade pact, a European source told AFP.

Belgian region rejects EU ultimatum for Canada deal

Brussels - The head of the Belgian region of Wallonia on Wednesday said he still refused to sign off on a EU-Canada trade accord and asked that a visit by Canadian premier Justin Trudeau be delayed.

Belgian minister's twitter feed hacked, amid trade deal tensions

Brussels - The twitter account of Belgian Foreign Minister Didier Reynders was hacked on Tuesday, his ministry said, just hours after EU ministers failed to agree on a trade deal with Canada due to opposition by Belgium.

Czech leaders reassure China as Dalai Lama visits

Prague - Czech leaders sought to stave off China's anger in a statement on Tuesday, a day after exiled Tibetan spiritual leader the Dalai Lama arrived in Prague.

Brexit deal to be modelled on EU-Canada pact: Spain

Luxembourg - A troubled trade deal between the EU and Canada is the only model for a future pact between the bloc and post-Brexit Britain, Spain's Foreign Minister said Monday.

Thousands march in Europe against EU-Canada trade deal

Paris - Thousands of people demonstrated Saturday in France, Spain and Poland against a EU-Canada free trade deal and a far more ambitious agreement with the United States.

Bangladesh, China firms ink multi-billion deals as Xi ends tour

Dhaka - Bangladeshi and Chinese firms have signed $13.6 billion in trade and investment deals on the sidelines of President Xi Jinping's brief tour to the South Asian nation, a trade group official said Saturday.

Protectionism's rise a balancing act for World Bank, IMF

Washington - Protectionism's rise in Europe and the United States is pushing the world's economic leaders toward a delicate balancing act: defending globalization but acknowledging the pain that sometimes comes with it.

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.
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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
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.
Wikimedia Commons
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.
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
Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
Sino Persian trade relations
Sino Persian trade relations
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
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Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
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Cape Espenberg
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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
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