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- United States HTS Changes Delayed
The changes to the United States Harmonized Tariff Schedule (HTS) for 2012 will be delayed as per the International Trade Commission. The 2012 U.S. HTS changes, which incorporate amendments to the Harmonized System adopted by the World Customs Organization, were initially expected to be effective on January 1, 2012. However, the proclamation that authorizes the [...] - Doha Round Still Unresolved
On Wednesday, 153 nations met to discuss the Doha Round, but left with little to no progress, states the Wall Street Journal. The Doha Round plan was created with a mission of opening rich-country markets to import food from the developing world. After eight years, little development has been made. Furthermore, issues such as the drop in [...] - Who Are the Biggest Trade Complainers?
The Economist received published an article with statistics about which country files the most complaints to the World Trade Organization(WTO)…and who receives the most trade complaints. Here’s what they found. The United States and the European Community(a.k.a. European Union) are number one and number two for both filing the most complaints and receiving the most complaints. [...] - Obama and Hu Jintao to Talk Trade Among Topics to Discuss
President Obama landed in China on Sunday to discuss some much needed topics with President Hu Jintao, according to Time magazine. One topic is trade. In recent months, trade issues has been heated between the two nations as both have thrown around the idea that each nation is participating in protectionism since the recession began. “They’re working [...] - “European and North American Politicians Are Plotting the Biggest Trade Deal of the 21st Century”
According to CNN, EU and Canadian officials sat down in Prague to begin discussions on a new Free Trade Agreement. Let’s just say, discussions went well because if the other NAFTA countries sign in, this could be the ‘biggest trade deal of the 21st century.’ NAFTA-EU trade would contain nearly 1 billion people and account for $35.2 [...] - Canadians Going Hog Wild Over Protectionism
Canada asks the World Trade Organization (WTO) to rule against an American food-labeling law that seems to have destroyed much of its hog-farming industry, states the New York Times. The dispute derives from an American rule requiring that food products be labeled by country of origin. The U.S. government denies that labeling its food products is an act of protectionism, although Americans [...] - “To Join or Not to Join,” That is the Question For Russia
Joining the World Trade Organization (WTO) is one of Russia’s top priority reports The Telegraph in the U.K. There are two important reasons that Russia and the WTO members has it’s eye on joining: the global economic crisis, and the creation of a Customs Union involving Russia, Kazakhstan, and Belarus – who would all like to [...]
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