India's Ministry of Commerce and Industry has announced that India’s exports registered a growth of 13.2% in July, 2010, totaling U.S. $16.24 billion.
On August 16, 2010, China's Ministry of Commerce launched the China-Africa Research Center, a think-tank focused on the economies of the two regions, to further bolster trade relations with Africa. The new unit will utilize ministry resources and discuss and deliberate on key economic issues about African nations. It will also provide the government with theoretical clues on future policies for Sino-Africa economic and trade ties and help Chinese companies planning ventures in Africa with consultancy services.
Japan's Ministry of Economy, Trade and Industry commented on the World Trade Organization's release of a panel report on the European Union's customs duties on products covered by the WTO Information Technology Agreement (ITA). METI states that the report presents a decision that fully approves Japan’s claim that the EU’s customs duties in question are inconsistent with Article II of the General Agreement on Tariffs and Trade (GATT). The EU may file an appeal against this report with the WTO Appellate Body within 60 days. If no such appeal is filed, the panel report will be adopted by the WTO as its final decision.
China's Ministry of Commerce reports that Food and Drug Administration Commissioner Margaret Hamburg, during her first visit as Commissioner, said on August 13, 2010 that China is improving its oversight of exporters in a bid to root out problems ranging from the contamination of its dairy products to the safety of pharmaceutical exports. She said that U.S.-China teamwork on food safety was part of a broader move to create a global community of regulators, adding that FDA has set up offices in three Chinese cities and is cooperating in many areas, including training and joint inspections. The article adds that the Chinese government introduced a new Food Safety Law in June 2009 with tougher punishments.
In the August 17, 2010 edition of the Official Journal of the European Union, the following trade-related notices were posted:
The European Commission has issued statistics covering of the European Union's antidumping, anti-subsidy and safeguard activities during the first six months of 2010.
The U.S. and the European Union have agreed on a November 20, 2010 date for the next EU-U.S. Summit, which will take place in Lisbon, Portugal. The EU President of the European Council van Rompuy and President of the European Commission Barroso will meet again with President Obama to reaffirm the transatlantic agenda and advance EU-US cooperation on issues of mutual concern.
The American Chamber of Commerce in Korea has announced that imports of U.S. beef more than doubled in the first half of 2010 from a year ago, making Korea the 4th largest importer of U.S. beef after Mexico, Canada and Japan. The U.S. Department of Agriculture says some 57,000 tons of U.S. beef were exported to Korea in the first six months of 2010, compared to 28,000 tons in the same period last year.
The Ministry of Foreign Affairs of Japan has announced that the 10th round of negotiations on the proposed Anti-Counterfeiting Trade Agreement (ACTA) are being held from August 16 - August 20, 2010 in Washington, D.C., hosted by the U.S. Participants in the negotiations include Australia, Canada, the European Union, Japan, the Republic of Korea, Mexico, New Zealand, Singapore, Switzerland and the U.S. A draft agenda has also been posted.
China's Ministry of Commerce reports that a proposed transport network stretching from the south China city of Nanning to Singapore, that would help create a southeast Asian economic community, has stalled largely due to unresolved funding and administrative issues. The Nanning-Singapore (N-S) Economic Corridor, a system of highways and railways connecting major southeast Asian cities, is reported to already largely exist;the highway portion has proved feasible to some extent by the China-ASEAN International Car Rally Race, which was successfully held in 2006, 2007 and 2009.