World Trade Organization News
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U.S. House and Senate agriculture committee proposals for a new farm law represent a “good faith” effort by lawmakers to resolve a trade dispute over cotton with Brazil, U.S. Agriculture Secretary Tom Vilsack said.
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If all it took were official cajoling, public shaming, technical assistance or corporate promises, factory jobs in Bangladesh and other developing countries wouldn’t be so deadly.
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European Commission President Jose Barroso said euro-area policymakers would oppose any efforts by trade partners to gain an economic advantage by weakening their currencies.
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Argentina has filed a challenge against the European Union with the World Trade Organization amid signals the trade bloc may limit biodisel exports from the South American nation.
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The U.S. House Agriculture Committee debated legislation today to reauthorize farm programs, a day after the Senate panel approved a version that will cost $955 billion over 10 years.
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Europe’s proposed fuel directive discriminates against oil produced in Canada’s oil sands and isn’t based on science, Canadian Natural Resources Minister Joe Oliver said.
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Vietnam’s ruling Communist Party for the first time chose a U.S.-educated government official to join its highest decision-making body, tapping a face familiar to Western investors as it seeks to revive the economy.
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The House Agriculture Committee proposed legislation that would cut farm programs by an estimated $40 billion over 10 years and end direct payments to farmers in favor of a growers safety net tied to crop insurance.
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The Obama administration is setting out to help exporters get in on Brazil’s building boom even as it spars with the region’s biggest economy over high tariffs, rules favoring local companies and monetary policies.
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The selection of Brazil’s Roberto Azevedo as the next head of the World Trade Organization may help ease emerging markets’ resistance to removing barriers as part of global trade talks.
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