In another of his now accustomed policy veers, US President Donald Trump said he is moving ahead with sanctions on China even as officials try to resolve the brewing trade dispute. (AFP/Mandel NGAN) The White House said the planned sanctions announced in March, largely focused on China's theft of American intellectual property, were still in the works and details would be announced in the coming month. It was yet another apparent change of course for Trump, who veers from harsh threats to promises of compromise and back again on trade and other more sensitive issues. Despite announcing a truce in the trade hostilities less than 10 days ago, after Treasury Secretary Steven Mnuchin said threatened tariffs on Chinese goods were "on hold," the White House signaled it was ready to pull the trigger on a broad array of penalties. "From now on, we expect trading relationships to be fair and to be reciprocal," in a statement, which spelled out a list of long-standing US trade grievances," … [Read more...] about White House moves to finalise China trade sanctions
Fair trade practice
EU, Mexico reach agreement on free trade deal
The EU and Mexico said on Saturday (Apr 21) they had reached an "agreement in principle" to modernise an existing free trade deal, as the Latin American country faces pressure from protectionist measures threatened by US President Donald Trump. The EU and Mexico released a statement, about an "agreement in principle" over trade, from EU Trade Commissioner Cecilia Malmstrom (L), Mexico Economy Minister Ildefonso Guajardo Villarreal (R) (seen in 2017) and EU Agricultural Minister Phil Hogan. (Photo: AFP/Pedro Pardo) Under the updated terms of the 2000 deal, "practically all bilateral trade in goods will now be duty-free, including in the agricultural sector," the European Commission, the EU's executive arm, said in a statement. The move is seen as sending a strong signal to Trump who last year launched renegotiations of what he has previously referred to as Mexico's "cash cow" - the North American Free Trade Agreement (NAFTA). The US leader's threat to even axe NAFTA altogether … [Read more...] about EU, Mexico reach agreement on free trade deal
VN needs fair trade certification system
Viet Nam needs to develop a fair trade certification system as the fastest route to the sustainable development of Vietnamese agricultural products, an official from the Ministry of Industry and Trade said. Viet Nam needs to develop a fair trade certification system as the fastest route to the sustainable development of Vietnamese agricultural products. — Photo baodauthau.vn HA NOI (Biz Hub) — Viet Nam needs to develop a fair trade certification system as the fastest route to the sustainable development of Vietnamese agricultural products, an official from the Ministry of Industry and Trade said. Speaking at a workshop titled New Horizons – Promotion Fair Trade in Viet Nam, jointly held by the European Union (EU) delegation to Viet Nam and the Viet Nam Rural Industries Research and Development Institute (VIRI) in Ha Noi last week, director of the ministry's Viet Nam Trade Promotion Agency Bui Huy Son said certification would not only boost the penetration of … [Read more...] about VN needs fair trade certification system
New agency controls monopoly, price fixing, other unfair practices
New agency controls monopoly, price fixing, other unfair practices (30-06-2005) Tuoi Tre (Youth) newspaper spoke to the director of the Department for Competition Management, Dinh Thi My Loan, on the Competition Law that comes into effect on July 1 and the department’s policies. What are the types of violations that your department deals with? The department focuses on settling two types of violations. First, those related to market violations of monopolies, including fixing commodity prices, division of the consumer market and prohibiting enterprises from joining the market. Second, violations of regulations on unhealthy competition such as unfair practices in marketing, advertisements comparing products and services and the illegal pyramid marketing system. Since most advertisements are comparative in nature, many enterprises are in two minds over the law which has fixed a fine of VND25 million for such advertisements. What are the criteria that an enterprise should follow to … [Read more...] about New agency controls monopoly, price fixing, other unfair practices
2012 Northern Agricultural Products and Handicrafts Fair to open
(CPV) - A press conference organised by the Agriculture and Trade Promotion Centre to introduce the 2012 Fair for agricultural products and handicrafts for the northern area was held in Hanoi this morning August 28, 2012. The fair, being co-organised by the Agriculture and Trade Promotion Centre and the Vietnam Craft Village Association, will take place from September 27 to October 1, 2012 at the Vietnam Agricultural Marketing and Trade Fair Centre, Hoang Quoc Viet, Cau Giay, Hanoi. The fair will display agricultural products and handicrafts, to promote trading contracts among enterprises, and is an important investment for producers and businesses in agriculture and handicrafts. Beside these, it is an opportunity for businesses to promote and introduce their trademarks to customers and investors, both domestic and foreign. The event supports the development of a modern agriculture sector with effective and sustainable practices, according to the socio-economic development … [Read more...] about 2012 Northern Agricultural Products and Handicrafts Fair to open