Energy News  
TRADE WARS
China says WTO talks must succeed

by Staff Writers
Big Sky, Montana (AFP) May 20, 2011
China is committed to the success of global trade liberalization negotiations and wants to prioritize the interests of the least developed countries, a senior official said Friday.

During talks among Pacific Rim officials on the World Trade Organization's troubled Doha round, Assistant Commerce Minister Yu Jianhua noted that China was increasingly dependent on foreign trade.

"Opening up is our basic national policy and we will never change that," Yu told reporters at the Asia-Pacific Economic Cooperation meeting at the ski resort of Big Sky, Montana.

"We cannot go without the world economy. So we need Doha. The conclusion of the Doha round serves the best interest and long-term interest of China," he said.

WTO chief Pascal Lamy, who joined the talks in Montana, last month warned that the decade-old Doha round was on the verge of collapse due to persistent disputes over industrial tariffs.

US Trade Representative Ron Kirk said Thursday there was a need for new ideas on how to move forward in WTO talks, acknowledging that statements of commitment to the Doha round increasingly sounded hollow.

Named for the Qatari capital where the talks were launched, the Doha round had the stated purpose of addressing interests of developing countries that felt they had lost out from globalization spurred by previous accords.

"The next step should be consistent with the Doha mandate -- that is the development dimension," Yu said.

"The priority should be given to the developing countries, especially the least developed countries," he said.

Least developed countries as classified by the United Nations are largely in Africa and South Asia and do not include China.

earlier related report
Japan ready for talks on EU free trade deal
Tokyo (AFP) May 20, 2011 - Japan said on Friday it wanted to start talks on an EU-Japan free trade deal to link the world's third largest economy and the leading global market, a report said.

Prime Minister Naoto Kan told his cabinet ministers to work on reforms demanded by the European Union, such as removing non-tariff trade barriers and liberalising public procurement, Kyodo News reported.

The premier's remarks came as ministers resumed discussions on trade liberalisation issues, which had been suspended in the wake of the March 11 earthquake, according to Dow Jones Newswires.

Japan has been pressing the European Union hard to announce the launch of formal negotiations towards a deal at a summit in Brussels on May 27 and 28.

On prompting by Britain, leaders of the 27-nation bloc called in March for the speedy launch of negotiations for a free trade deal to assist disaster-struck Japan -- but on the proviso that Tokyo lift trade restrictions.

Trade ties between the two have consistently shown a strong surplus in favour of Japan -- the EU currently being Japan's third largest trade partner while Japan is Europe's fifth largest.

Japan has been eager to launch free trade negotiations with the European Union as it believes the elimination of EU tariffs on cars and electrical appliances would benefit Japanese companies.

But the EU is looking to Japan to scrap non-tariff barriers, including on food, while offering better general access to European firms.

During a brief stop in Brussels this month by Foreign Minister Takeaki Matsumoto, his spokesman said Tokyo hoped for a quick trade agreement to ease recovery from the quake and tsunami.

Officials from both sides are currently working at defining a "scoping exercise" -- a to-do list scheduling the obstacles to overcome before the launch of free trade negotiations. That is expected to be agreed at the summit.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Oldest mine in Americas discovered
Chicago (UPI) May 19, 2011
Archaeologists have discovered a 12,000-year-old iron oxide mine in Chile they say shows the oldest evidence of organized mining ever found in the Americas. Researchers from the Universidad de Chile found the 40-yard trench near the coastal town of Taltal in northern Chile. It was dug by the Huentelauquen people, the first settlers in the region, who used iron oxide as pigment fo ... read more







TRADE WARS
Power plants vulnerable to hackers: security firm

Pakistan PM asks for China energy investment

India's telecom sector fueling emissions

Shareholders Press FirstEnergy to Come Clean on Coal Ash

TRADE WARS
Oil prices slide as IEA issues gloomy demand warning

Nord Stream costs Ukraine $720 million

Iraq sticks with lofty oil plan -- for now

Philippines leader to discuss Spratlys with China

TRADE WARS
Evolutionary lessons for wind farm efficiency

Global warming won't harm wind energy production, climate models predict

Study: Warming won't lessen wind energy

Mortenson Construction to Build its 100th Wind Project

TRADE WARS
Power-One Launches New-Look 2.0kW Single Phase Inverter

Japan 'plans solar panels for all new buildings'

Energy Focus and Entech Solar Announce Commercial Skylighting Marketing and Distribution Agreement

California Green Designs completes largest commercial solar installation in LA

TRADE WARS
TEPCO to post huge loss, president to resign: reports

Czech PM urges expertise in European nuke stress tests

2022 'good time' for Germany to end nuclear power: Merkel

Swiss protest nuclear power

TRADE WARS
Same fungus just different strains

Multi-junction solar cells help turn plants into powerhouses

Eucalyptus tree genome deciphered

Turning plants into power houses

TRADE WARS
Top Chinese scientists honored with naming of minor planets

China sees smooth preparation for launch of unmanned module

China to attempt first space rendezvous

Countdown begins for Chineses space station program

TRADE WARS
West 'causing drought' in Iran: Ahmadinejad

China reporting climate worsening: survey

Action needed to manage climate change risks

Journal retracts global-warming study


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement