“Commercial Awareness Is Global.”
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By: Ainsley Brown The trade skirmish that has erupted between China and the European Union over shoe tariffs has been one that I have being following very closely here on Commercial Law international. And, yes you guessed it, each side continues to exchange salvoes; the latest being China moving from the consultative stage of the World Trade Organization’s (WTO) dispute… Continue reading "China Request WTO Panel On EU Shoe Tariff"
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By: Ainsley Brown The European Union (EU) and Vietnam have now officially stated free trade talks after Karel De Gucht, the EU Trade Commissioner, met with the Vietnamese Prime Minister, Nguyen Tan Dung in Hanoi. The talks come after the successful conclusion of the 2 year in the making deal signed with South Korea in October of last year. This… Continue reading "EU and Vietnam Open Formal Trade Talks"
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By: Ainsley Brown Global trade was expected to drop as much as 10% in 2009; instead it fell by 12%. That extra two percent may not seem like much but it represents the largest drop in global commerce since 1945. This greater than expected drop has lead to renewed calls from Pascal Lamy, the Director General of the World Trade… Continue reading "Drop In Global Trade Greater Than Predicted"
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By: Ainsley Brown In move that comes as no surprise, China has launched an official complaint with the World Trade Organization (WTO) over the European Union (EU) duties on imported Chinese shoes. And I saw this one coming a mile away; see my previous post on this issue. The duties were imposed in December of last year for a 15 month… Continue reading "EU Shoe Tariff Results In Chinese WTO Complaint"
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By: Ainsley Brown In yet another sign of the increasing trade rift between Washington and Beijing, the Chinese have announced last Friday that they will impose duties on imported US chicken feet. Yes, I said chicken feet and not chicken. While many of my readers might find it unusual, perhaps even revolting, that someone would be eating chicken feet, the… Continue reading "US Chicken Feet To Face Chinese Duties"
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By: Ainsley Brown Canada now joins a score of other nations, including Brazil, Japan, Norway, India and Turkey, as third parties in a World Trade Organization (WTO) panel on China’s export restrictions on certain raw materials. A WTO panel is the third step established under the Dispute Resolution Understanding (DSU) – the DSU being the lynchpin that transformed the General… Continue reading "Canada, A Third Party In WTO Panel On Chinese Raw Materials Export Restrictions"
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By: Ainsley Brown The European Union (EU) voted this week to continue the anti-dumping duties it put on certain Chinese and Vietnamese footwear imported in the EU. In a previous post, I speculated that the EU would vote to discontinue the tariffs – boy was I ever wrong. And the EU’s decision has not gone unnoticed in the EU and… Continue reading "EU Votes To Continue Chinese Shoe Tariff"
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By: Ainsley Brown In what is clearly a sign of the continuing rise of tensions in global trade relations, China last week imposed duties US and Russian steel. The target of the duties is flat rolled steel used in the electric power sector. According to the Chinese the steel products were being dumped – that is being sold at below… Continue reading "China Puts Duties On Imported Steel From US And Russia"
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By: Ainsley Brown Could the longest running trade dispute in World Trade Organization (WTO) history be coming to an end? If newspaper reports are to be believed, and I have no reason to doubt them, then the 16 year old trade war could be very close to ending. At the center of this row is the Banana – yes the… Continue reading "Banana Trade War At An End?"
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By: Ainsley Brown There is nothing new with European Commission having to balance competing constituents – both market and geographic. The case remains the same with the anti-dumping duties put in place in 2006 to protect EU shoe manufacturers from cheaper Chinese and Vietnamese imports. The EU will decide tomorrow if it will continue or end the duties on the cheaper Chinese and Vietnamese… Continue reading "EU Shoe Tariff: Balancing Competing Interests"