Topic “US” — Exporter Magazine

A department investigation concluded that the products, used in construction, vehicle parts, furniture and other goods, were being exported to the United States at roughly 33% less than their fair value. The article, quoting Chinese Commerce Minister Chen Deming, said recently that China hopes the US could relax its control on high-tech products export to China. The report also said China has – after two days of high level talks – agreed to lower restrictions on the imports of wind turbines and telecommunications equipment, and other moves, that could lead to a substantial boost in US exports to the world’s second-largest economy A panel at the Geneva-based trade group on Monday said it agreed that the US was justified in slapping a 35% tax on Chinese tyres under WTO provisions that let countries protect local industries and workers from sharp increases in Chinese imports. Event organiser IIR Middle East said Memex will run from November 28 to 30 at the Abu Dhabi National Exhibition Centre with focus on technology, machinery, tools, and solutions for the industrial and associated industries. Over 120 exhibiting companies, representing 400 brands from 16 countries, are expected. Nobel Prize-winning economist Paul Krugman said China is headed for a “trade conflict” with the US and other western countries as tensions rise about how to rebalance the global economy, according to a Bloomberg report. The value of US dairy exports rose 65% in July to USD$308.8 million (NZD$407 million), bringing year-to-date dairy export value to $2.034 billion, a rise of 66% over the same period in 2009, according to a report by the US Dairy Export Council, citing the USDA’s Foreign Agricultural Service date. Global pharmaceutical sales may rise between 5 and 7% next year to USD$880 billion (NZD$1.16 trillion) on soaring demand in developing nations led by China as it becomes the world’s third-largest drug market, according to a Bloomberg report carried in China Daily. A World Trade Organisation (WTO) panel has ruled that a US ban on Chinese poultry is illegal – the first such reprimand for legislation brought in under the Obama Administration, according to MeatProcess.com.