. Medical and Hospital News .




.
TRADE WARS
US to push China 'hard' for procurement access
by Staff Writers
Washington (AFP) May 8, 2012


The United States will push China hard to open up restricted access to its vast state-controlled procurement market, the Treasury's top international official said Tuesday.

"We will push hard to ensure that China opens its large government procurement market at all levels of its economy on terms that are comparable to those of other large markets," said Lael Brainard, the Treasury's under secretary for international affairs.

Foreign firms have little access to sell goods and services to China's government, despite China's membership in the World Trade Organization.

Beijing committed to sign a WTO procurement agreement as part of its accession in 2001, but has not yet done so.

Brainard, who participated in the annual US-China strategic and economic talks held in Beijing last week, also emphasized that the Obama administration continues to seek better protection of intellectual property rights from the Asian giant.

Brainard described the May 3-4 talks as yielding "encouraging progress."

Brainard expressed hope that China will continue to make its yuan currency more flexible, after allowing it to appreciate by 13 percent against the dollar in real terms over the past two years.

Reiterating long-held US concerns that China is keeping the currency undervalued to keep its exports cheap, gaining an unfair trade advantage, Brainard said that moving to a market-determined exchange rate will be a powerful tool as China rebalances and opens its financial system.

China to slap duties on steel tubes from Europe, Japan
Shanghai (AFP) May 8, 2012 - China said Tuesday it would slap duties on imports of some types of steel tubes from Europe and Japan, following an eight-month probe into goods at prices below market levels.

China would from Wednesday impose duties of 9.7-39.2 percent on specialised stainless steel tubes sold by European and Japanese companies, the Ministry of Commerce said.

The ministry found imports of the tubes -- mainly used in industrial boilers -- caused "substantive harm" to Chinese industry, it said in a statement on its website.

European companies affected included a subsidiary of Spanish industrial group Tubacex and the Italian unit of Germany's Salzgitter Mannesmann Stainless Tubes, the ministry said.

It also named two Japanese companies, Sumitomo Metal Industries and Kobe Special Tube, among others.

The affected firms could submit evidence to the ministry to counter the findings of the investigation within 20 days, it said.

Tuesday's move comes as Chinese companies face accusations of "dumping" products on overseas markets.

The United States is now investigating whether Chinese producers are using predatory pricing to sell solar cells in the American market.

The US move come as Washington steps up efforts to protect domestic manufacturers from Chinese products that it also alleges benefit from an artificially undervalued currency.

US President Barack Obama in March took direct aim at China when he ordered the creation of the Interagency Trade Enforcement Center to expedite unfair trade complaints from US business.

Since China joined the World Trade Organization (WTO) in 2001, it has been the subject of 26 trade complaints lodged by other countries, while it has brought eight cases against others, according to the WTO website.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Clouds hang over gold mine plans in Romania
Bucharest (AFP) May 6, 2012
Plans by the Canadian company Gabriel Resources to open a gold mine at Rosia Montana in Romania might be hampered by a centre-left cabinet which is to take office on Monday, analysts say. "The Rosia Montana project will be reassessed in a transparent way so that decisions are in line with the national interest, environment protection regulations and European legislation," the new government' ... read more


TRADE WARS
Munich Re reports return to profit after tsunami blow

Clinton to leave China for Bangladesh cauldron

Japan to go nuclear-free for first time since 1970

S. Korea starts building new nuclear reactors

TRADE WARS
Next Galileo satellites to launch after the summer

Czech Republic approves EU Galileo agency move to Prague

China launches two navigation satellites

Astrium built Galileo satellites fit and fully operational in orbit

TRADE WARS
Emotion Reversed In Left-Handers' Brains Holds New Implications For Treatment Of Anxiety And Depression

Darwinian selection continues to influence human evolution

Iceman mummy yields oldest blood seen

Genes shed light on spread of agriculture in Stone Age Europe

TRADE WARS
The zombie-ant fungus is under attack

Dry heat increases bark beetle bite

Big game hunts defended after Spanish king's disputed trip

Africa's last rhinos threatened by poaching

TRADE WARS
After epic debate, avian flu research sees light of day

Flu study that sparked censorship row is published at last

Dutch okays mutant bird flu study's publication

Rio declares dengue epidemic

TRADE WARS
Al-Jazeera shuts bureau after China expels reporter

China students use intravenous drips for exams

Chinese activist could find life in US tough: exiles

Chen case exposes limits to central power in China

TRADE WARS
War planes strike suspected Somali pirate base: coastguard

India proposes norms for Indian Ocean anti-piracy patrols

Iran navy rescues China crew from hijacked freighter

Drones will seek pirates at sea

TRADE WARS
Toshiba's profit drops by nearly half to $921 mn

Outside View: U.S. work force shrinks

Outside View: Modest U.S. jobs growth

China and India manufacturing boosts recovery hopes


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement