|
E-TISNET Monthly
News keeps you informed about
the latest developments in trade
and investment in Asia and the
Pacific. For enquiries, subscriptions
and/or cancellation thereof, please
contact us at escap-tisnet@un.org.
This issue of e-TISNET can be also accessed from ESCAP’s web page, at
< http://www.unescap.org/tid/latestnews.asp >
Need more information?....Visit the other information products of the ESCAP
Trade Information Service at < http://www.unescap.org/tid/ti.asp > ! |
A. TRADE-RELATED
INFORMATION
BAY OF BENGAL INITIATIVE FOR MULTI-SECTORAL
TECHNICAL AND ECONOMIC COOPERATION (BIMSTEC)
BIMSTEC agrees on negative list, value addition
criteria. Kantipur Report, 29 September
2007.
Trade negotiators from the seven BIMSTEC
member countries – Bangladesh, Bhutan,
India, Myanmar, Nepal, Sri Lanka and Thailand
– have agreed on value addition conditions
and downsizing of the negative list, bringing
the free trade agreement (FTA) on trade
in goods close to conclusion. Value addition
and negative list were the two most contested
issues and the delay in reaching a consensus
in those had been delaying finalization
of the accord. The negotiators agreed to
downsize the negative list to 15 per cent
from 25 per cent of the total 5,226 tariff
lines in the negative list. The negotiators
also agreed on 35 per cent value additional
requirement for products by developing members
and 30 per cent for the least developed
country members to enjoy market access under
free trade rules in the bloc. The meeting
also finalized the modalities for tariff
cut, under which least-developed countries
(LDCs) would be required to reduce their
tariff in a span of ten years and the developing
countries would need to do that within 3
years for LDCs and 5 years for other developing
members. Accessed on 3 October < http://www.kantipuronline.com/kolnews.php?nid=124053 > FIJI
Export credit eased. Fiji Times, 22 October
2007.
The Reserve Bank of Fiji (RBF) has announced
changes to its Export Finance Facility
(EFF), through which it provides funds
to commercial banks and the Fiji Development
Bank (FDB) for lending to exporters. It
said the interest rate charged to commercial
banks and FDB for back-to-back financing
under the EFF would now be aligned to
the 182-day treasury bills market rate
with a cap of two per cent. Banks can
on-lend the funds to exporters with a
maximum added margin of four per cent,
which will enable exporters to benefit
from reduced EFF rates in times of low
market interest rates. Furthermore, local
value added content (LVAC) of 40 per cent
has been removed. Exporters with LVAC
below 40 per cent can now qualify for
advances under the facility. Under the
pre-shipment lump sum facility, the loan
eligibility amount has been increased
from 20 per cent to 50 per cent and is
now based on the LVAC value instead of
total exports value.
Accessed on 22 October < http://www.fijitimes.com/story.aspx?id=72803 >
INDIA
India and Sri Lanka in pact for tariff
rate quota. The Hindu Business Line, 6
October 2007.
India and Sri Lanka have signed a memorandum
of understanding (MoU) to finalize the
procedural arrangements for operationalization
of tariff rate quota for import of three
million pieces of apparel articles covered
under the India-Sri Lanka FTA. In pursuance
of the FTA that came into force on 1 March
2000 it was decided that Sri Lanka could
export to India, in one calendar year,
three million pieces of apparel articles
covered on duty-free basis and without
any restriction on entry points and sourcing
of fabrics.
Accessed on 8 October < http://www.thehindubusinessline.com/blnus/01061631.htm >
Shrimp exports get WTO boost. Business
Standard, 13 October 2007.
In an interim report, the World Trade
Organization (WTO) ruled that the United
States’ rules insisting that customs
bond to cover the duties on exports of
shrimp to the United Sates was a clear
violation of the global laws on anti-dumping.
Upholding the complaints filed by India
and Thailand, the WTO panel of judges
ruled that the customs bond requirement
as applied to the imports from India and
Thailand was not consistent with the anti-dumping
agreement, and was forcing an additional
burden on the exporters of these countries.
The WTO panel also observed that zeroing,
the method used for calculating the anti-dumping
duty by the United States Department of
Commerce, was also against international
laws and resulted in artificially inflating
duties on imports.
Accessed on 15 October
< http://www.business-standard.com/smartinvestor/storypage.php?
>
Farmers get a shield in India-EU FTA.
Bilaterals, 22 October 2007.
The FTA component of the India-EU comprehensive
economic cooperation agreement (CECA) is
likely to exclude nearly 150 farm products
to shield Indian farmers from increased
competition posed by subsidized goods. The
draft negative list for the farm sector
includes 156 agricultural goods including
dairy products, sugar, fruit, vegetables,
honey, mushroom, egg products, fish, poultry,
saffron, coriander seeds, meat products,
maize, vanaspati and cocoa powder. Wines
and spirits are also in the negative list.
As many as 246 items from the manufactured
goods segment and raw materials category
have also been included in the draft negative
list. The Ministry of Commerce and Industry
has circulated the draft list to other departments
and the final list will be compiled after
consultations.
Accessed on 22 October < http://www.bilaterals.org/article.php3?id_article=10045 > JAPAN
Japan-Thailand free trade pact to take
effect on 1 November 2007. Channel News
Asia, 2 October 2007.
Japan’s free trade pact with Thailand
will take effect on 1 November 2007. Under
the agreement, about 97 per cent of Japanese
exports to Thailand and 92 per cent of
Thai exports to Japan will be tariff-free
within 10 years. Japan, Thailand’s
largest investor, will scrap tariffs on
Thai shrimp and tropical fruit such as
mangoes and durian, although it will keep
protecting Japan’s politically powerful
rice farmers. Thailand will cut tariffs
on automobiles with engines of 3000cc
or larger to 60 per cent from 80 per cent
over four years and eventually scrap all
tariffs on steel imports. Thailand has
become a major construction hub for Japanese
automakers.
Accessed on 3 October
< http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/303504/1/.html >
NAURU
Nauru and Cuba to collaborate. Pacific
Magazine, 4 October 2007.
The First Session of the Cuba-Nauru inter-Government
Commission has concluded in Cuba with
the signing of bilateral collaboration
agreements on health, education, trade
and other sectors. Agreements included
accords on granting scholarships and cooperating
in prefabricated systems for low cost
housing. Cuba has offered specialized
technical services, transfer of technologies
in several branches and the application
of literacy methods to facilitate English-speaking
people learning the Spanish language.
Accessed on 5 October
< http://www.pacificmagazine.net/news/2007/10/04/cuba-and-nauru-to-collaborate >
PAKISTAN
European Union and Pakistan to initiate
joint study on trade. The Pakistan Times,
28 September 2007.
The EU and Pakistan will launch a joint
study to analyze whether the EU’s
trade policy in South Asia is impacting
Pakistan. The Ministry of Commerce stated
that from the member countries of the
South Asian Association for Regional Cooperation
(SAARC), only India and Pakistan were
subjected to duty on their exports in
European Union. The least developed countries
(LDCs) Bhutan, Maldives, Myanmar and Nepal
enjoy zero-tariff access to EC markets,
and Sri Lanka qualifies for Generalized
System of Preference (GSP) plus status.
Pakistan was is now concerned about possible
implications if the EU and India start
trade talks. The ministry said if the
study showed that market access to LDCs,
Sri Lanka and India was adversely affecting
Pakistan’s exports to EU, than certain
steps would be taken to compensate.
Accessed on 2 October < http://www.pakistantimes.net/2007/09/28/business2.htm >
First Pakistan-EFTA meeting concludes:
negotiations to continue in 2008. Bilaterals,
14 October 2007.
Pakistan and the European Free Trade Association
(EFTA) have entered into a market access
dialogue. Trade officials from both parties
have met in Geneva in their first discussions
to investigate how trade and investment
relations could be expanded for mutual
benefice. The meeting concluded with an
agreement to continue deliberations on
ways and means of expanding trade and
investment relations in early summer 2008.
These deliberations will address all available
trade policy instruments with a view to
improving framework conditions and market
access for goods, services and investment.
Accessed on 15 October < http://www.bilaterals.org/article.php3?id_article=9964 >
PACIFIC ISLANDS FORUM (PIF)
EU funds Pacific islands project on facilitation
of agriculture commodity trade. People’s
Daily Online, 19 October 2007.
The EU and Pacific island leaders signed
an agreement to support for a project
on Facilitating of Agriculture Commodity
Trade (FACT) in Pacific countries. According
to the agreement, the four-year project
worth 4.225 million euros will be implemented
by the Secretariat of Pacific Community.
Accessed on 22 October < http://english.people.com.cn/90001/90778/6286116.html >
PAPUA NEW GUINEA
Papua New Guinea roads and ports to get
US$ 247 million from Australia. Pacific
Report, 5 October 2007.
Upgrade and maintenance of Papua New Guinea’s
roads, ports and airports has taken a
big step forward with the announcement
of a US$ 247.5 million contribution from
Australia. Under the Transport Sector
Support Programme (TSSP), transport infrastructure
development projects in the road, maritime
and air sectors will be brought under
the one umbrella to ensure efficiency
and a more effective use of the funding.
It will promote a sector-wide approach
to planning and programme implementation,
and strengthen government policies and
systems while empowering the Government
to take a significant step forward in
the management, upgrade and maintenance
of existing infrastructure. The Government
will also support rural communities to
access markets through the continued maintenance
of 4,000 kilometers of priority national
roads in the short term and ultimately
the whole Papua New Guinea national road
network in the medium to long term.
Accessed on 8 October < http://pidp.eastwestcenter.org/pireport/2007/October/10-08-01.htm >
PHILIPPINES
Philippines and India sign nine bilateral
agreements. Bilaterals, 6 October 2007.
The Philippines signed nine bilateral
agreements with India on 5 October, including
a framework agreement for bilateral trade.
The agreements cover defense, health and
medicine, energy security, agriculture,
tourism, and culture. Furthermore, they
propose that both the countries would
jointly combat global terrorism and take
up joint exercise in non-combat areas.
The two countries have also agreed to
set up a joint monitoring group, which
will closely keep a watch on the implementation
aspects of the agreements signed so that
further areas of joint cooperation can
be identified to push and integrate trade
and economic ties between India and the
Philippines.
Accessed on 8 October < http://www.bilaterals.org/article.php3?id_article=9867 >
REPUBLIC OF KOREA
Republic of Korea and Democratic People’s
Republic of Korea inch toward one economic
community. Korea Times, 4 October 2007.
The inter-Korean talks held in the Republic
of Korea have discussed a number of economic
cooperation projects and concluded with
the signing of an agreement on cooperation.
Creating a special peace zone in Haeju,
opening a cross-border cargo railway,
constructing a joint shipbuilding complex
and developing the second-phase of the
Gaeseong Industrial Complex are some of
the highlights of an agreement signed
by the President of the Republic of Korea
and the leader of the Democratic People’s
Republic of Korea. Some other areas of
cooperation encompass the opening of direct
route between Seoul and Mt. Baekdu, along
with joint projects in agriculture, health,
medicine and environmental protection.
Accessed on 8 October
< http://www.koreatimes.co.kr/www/news/nation/2007/10/123_11339.html >
UNITED STATES OF AMERICA
United States requests WTO panel in case
challenging Chinese barriers to market
access for products of copyright-intensive
industries. USTR, 11 October 2007.
The Office of the United States Trade
Representative (USTR) announced that the
United States has requested the WTO to
establish a dispute settlement panel,
the next procedural step in its WTO case
challenging China’s restrictions
on the importation and distribution of
products of copyright-intensive industries
such as theatrical films, DVDs, music,
books and journals. According to USTR,
the formal consultations over the last
several months have not led to a resolution
of concerns. The United States is seeking
to eliminate Chinese import and internal
distribution barriers that significantly
hamper the ability of United States publishers
and producers of audio-visual products
to get their products into the Chinese
marketplace under normal market conditions,
thereby enhancing the market for pirated
products.
Accessed on 15 October
< http://www.ustr.gov/Document_Library/Press_Releases/2007/October/
>
UZBEKISTAN
Uzbekistan and Turkmenistan sign several
interstate agreements in Ashgabat. Uzreport,
19 October 2007.
Uzbekistan and Turkmenistan have signed
a number of interstate agreements during
presidential talks on 18 October. The agreements
include an interstate agreement on economic
cooperation and an interstate agreement
on further strengthening of friendship relations
and all-round cooperation. Furthermore,
the two countries signed an intergovernmental
agreement on admission points through state
border; an intergovernmental programme of
cooperation in cultural and humanitarian
sphere for 2007-2010; an interdepartmental
agreement on mutual cooperation in pest
control; as well as an interdepartmental
agreement on cooperation between the chambers
of commerce and industry of both countries
and an interdepartmental protocol on the
organization of exchange of information
between the Customs committees of Uzbekistan
and Turkmenistan.
Accessed on 23 October < http://news.uzreport.com/aziya.cgi?lan=e&id=38575
> WORLD TRADE ORGANIZATION (WTO)
Members submit revised proposals on trade
facilitation. Bridges Weekly Trade News
Digest, 10 October 2007.
Members of the WTO have submitted revised
proposals on trade facilitation. One revised
submission by India would place a limit
on the number of times members would be
obliged to exchange information and documents
about particular cross-border transactions,
in response to concerns that the costs
of doing so could become onerous. Japan,
Mongolia and Switzerland submitted commitments
proposed in two revised papers: in one,
on publication and availability of trade-related
information, possibilities for multiple
enquiry points (without a single primary
one) were expanded, along with more choice
about the means of publication; the second
created loopholes for “urgent circumstances
and other limited exceptions” in
potential obligations for members to publish
trade-related laws and legislations prior
to their entry into force.
Accessed on 15 October < http://www.ictsd.org/weekly/07-10-10/wtoinbrief.htm >
B. CUSTOMS REGULATIONS AND CHARGES
EUROPEAN UNION
EU Council adopts common position on new
customs code. People’s Daily online,
15 October 2007.
The Council of the EU adopted a common position
on a draft regulation, which is aimed at
modernizing the current customs code for
the 27-member bloc. The draft regulation
is intended to replace the current customs
code which dates back to 1992, in order
to adapt EU customs to changes in the international
trade environment. The future code addresses
issues concerning the requirements of an
electronic environment, the simplification
of rules and the changing nature of the
tasks performed by the customs authorities.
It will simplify legislation and administration
procedures both from the point of view of
customs authorities and traders, notably
by simplifying the structure and providing
for more coherent terminology with fewer
provisions and simpler rules, providing
for reform of customs import and export
procedures to reduce their number and make
it easier to keep track of goods, rationalizing
the customs guarantee system, extending
the use of single authorizations, and implementing
e-Government in the area of customs.
Accessed on 16 October < http://english.people.com.cn/90001/90777/6283533.html > GUAM
Customs forms required. Rule hits packages
over 16 ounces to or from Guam. Pacific
Daily News, 11 October 2007.
According to new United States Postal
Service regulations effective from 8 June,
all packages weighing more than 16 ounces
being mailed to or from Guam will require
that one of two customs forms be attached.
Packages without a form will still travel
to Guam, but must make the long trip by
boat.
Accessed on 15 October
< http://www.guampdn.com/apps/pbcs.dll/article?AID=/20071011/NEWS01/710110304/1002
>
INDIA
India-United Kingdom customs pact to be
upgraded. Economic Times, 1 October 2007.
India has sought a review of its customs
agreement with the United Kingdom, asking
for certain stringent provisions to be
included in the treaty on par with agreements
signed recently with other countries,
with a view to curb money laundering.
Currently, the treaty provides for sharing
of information on a need-to-know basis.
That is, if Customs authorities need some
information, they write to their counterpart
to get it which is very time consuming.
With changes in the agreement, Indian
Customs authorities would be able to get
information on an active basis. With India
trying to become a part of the anti-money
laundering group, the Financial Action
Task Force, it is keen on tightening the
treaty as the real-time exchange of alerts
could lead to effective tackling of money
laundering and terrorism activities.
Accessed on 2 October
< http://economictimes.indiatimes.com/News/Economy/
>
HONG KONG, CHINA
New customs headquarter to boost efficiency.
NewsGov.hk, 8 October 2007.
Hong Kong, China has started the construction
of the new customs headquarters building.
The building, which will be ready in mid-2010,
is expected to boost the department’s
efficiency, provide better services and
keep pace with Hong Kong, China’s
economic development. The 34-storey building
will house 1,800 Customs officers. Apart
from general facilities such as a multi-purpose
auditorium, a library and a staff canteen,
it will also be equipped with an advanced
radio command control centre, an information
technology centre, a computer forensic laboratory,
a fitness training room, an indoor firing
range and two mini-ranges for computer-simulated
shooting exercises. An exhibition centre
will be built to showcase the department’s
history and work. By housing all currently
dispersed public services on licence and
permit applications under one roof, the
building will provide a one-stop service
to the public at a single location.
Accessed on 10 October <http://www.news.gov.hk/en/category/lawandorder/html/862424b9-c642-4b82-a401-dba3bbfcbc03.htm> PAKISTAN
Institutional restructuring: new structure
for customs department approved. The Daily
Times, 21 October 2007.
The Board-in-Council of the Central Board
of Revenue (CBR) has approved a new structure
of the Department of Customs. According
to the Customs General Order 15 of 2007,
the new structure is based on reorganizing
the department on functional lines. The
country will be divided into two regions:
North and South. The two regions will
be headed by a chief collector. Chief
collectors will be the focal persons for
implementation of all reforms initiatives
and programmes under the Tax Administration
Reform Programme (TARP). They will also
be responsible for all development and
welfare schemes (other than TARP) and
for coordination of capacity building
programmes in the region.
Accessed on 22 October
< http://www.dailytimes.com.pk/default.asp?page=2007
>
PHILIPPINES
Customs steps up campaign against smuggled
meat and agricultural products. Sun Star,
6 October 2007.
The City Government of Davao has expressed
support to moves of the Bureau of Customs
to inspect all refrigerated container vans
entering the port to prevent possible entry
of smuggled meat, poultry and agricultural
products. The City Council Committee on
Trade, Commerce and Industry said the 100
per cent inspection was necessary not only
to prevent smuggling but also to protect
local consumers from health hazards and
local producers from unfair competition.
Accessed on 8 October
< http://www.sunstar.com.ph/static/dav/2007/10/06/news/
>
RUSSIAN FEDERATION
Russian Federation, Belarus and Kazakhstan
sign agreement moving closer to customs
union. International Herald Tribune, 6 October
2007.
The Russian Federation, Belarus and Kazakhstan
have signed agreements that will speed up
the creation of a three-nation union as
part of an effort called the Eurasian Economic
Community. The agreements were signed during
meetings among leaders of 12 countries of
the former Union of Soviet Socialist Republics
which aims to restore economic ties lost
after the 1991 system change.
Accessed on 8 October < http://www.iht.com/articles/ap/2007/10/06/asia/AS-GEN-Tajikistan-Ex-Soviet-Summit.php >
Amendments to Special Economic Zone Law
in Duma. Kommersant, 8 October 2007.
The State Duma has passed the second reading
of amendments to laws to create special
economic port zones, making them the fourth
type of special economic zones, joining
industrial, technical and tourism zones.
The new zones are meant to stimulate development
of Russian ports. It was noted in June
2007, when the amendments were introduced,
that Russian ports handle only 1 per cent
of containerized freight, while ports
in other countries handle an average of
20 per cent of such freight. The new special
economic zones can be created at seaports,
river ports and international airports.
The zones will be created for 49 years.
The main advantage they provide is customs
benefits. No duties will be collected
on goods in port zones and VAT will be
returned on items exported through them.
The condition that a port zone be no smaller
than 50 sq. km. was added to the second
reading of the amendments. All territories
of the zone must be contiguous and a minimum
investment of 50 million euros is required
for entrance to river and airports. The
minimum at seaports remains 100 million
euros. The minimum investment for reconstruction
is 3 million euros.
Accessed on 10 October
< http://www.kommersant.com/p812452/r_529/special_economic_port_zones/ >
Government levies seasonal duties on
wheat exports. RBC News, 8 October 2007.
The Russian Federation has resolved to
impose seasonal export duties on wheat
and barley as well as to lower import
duties on milk, butter, cheese and cottage
cheese in order to protect the home food
market against the soaring agricultural
prices globally.
Accessed on 10 October < http://www.rbcnews.com/free/20071008194511.shtml >
SINGAPORE
Tariff concessions for over 80 per cent
of Singapore exports to India from 1 November
2007. Channel News Asia, 2 October 2007.
More exports from Singapore to India will
benefit from tariff concessions from 1
November 2007. The Ministry of Trade and
Industry expects 81 per cent of Singapore’s
domestic exports to India will enjoy the
tariff cuts, up from 64 per cent. The
concessions come after the successful
review of the India-Singapore Comprehensive
Economic Cooperation Agreement (CECA).
Besides tariff cuts for exports, both
sides also agreed to establish a new Mutual
Recognition Agreement (MRA) for Indian
medicinal products entering Singapore
which should reduce duplicate testing.
Other sectors expected to come under the
MRA are telecommunications, electrical
and electronic equipment.
Accessed on 2 October
< http://www.channelnewsasia.com/stories/singaporebusinessnews/view/303296/1/.html >
VIET NAM
Import duties on completely-built cars
slashed by 10 per cent. Nhan Dan, 20 October
2007.
The Ministry of Finance has decided to
reduce import tariffs on automobiles by
another 10 per cent. According to the
decision, import tariffs on whole automobiles
will be cut to 60 per cent. This is the
third time in 2007 the ministry has issued
decisions to slash import duties on automobiles.
The ministry is also considering reducing
tariffs on imports of second hand automobiles.
Accessed on 22 October < http://www.nhandan.com.vn/english/business/201007/finance_i.htm >
C. NON-TARIFF MEASURES
CHINA
EU and China agree to end textile quotas.
China Daily, 10 October 2007.
The EU has agreed with China to end quota
restrictions on Chinese textile imports
with a joint surveillance system to monitor
the trade flow in 2008. The “double
checking system” will track the issuing
of licenses for export in China and the
importation of goods into the EU. It will
operate for one year in 2008 following the
end of quota restrictions on Chinese textiles
and clothing. Following a often called “textile
war,” the EU and China reached an
agreement in June 2005 on resuming quotas
on China’s textile exports to the
EU, which expires at the end of 2007. Although
imports of these goods will be closely monitored,
their level of import will not be restricted
by this arrangement. The joint surveillance
system will cover eight categories of textiles
and clothing from China, namely T-shirts,
pullovers, men’s trousers, blouses,
dresses, bras, bed linen and flax yarn.
Accessed on 15 October
< http://www.chinadaily.com.cn/bizchina/2007-10/10/content_6162349.htm > China threatens polluters with ban
on exports. Trade Observatory, 15 October
2007.
China has raised the stakes for companies
violating environmental laws with rules
to block polluters from exporting their
goods. According to a statement from the
Ministry of Commerce and the State Environmental
Protection Administration, companies found
ignoring waste-discharge limits face a
ban from international trade for as long
as three years to discourage exporters
from cutting costs at the expense of the
environment. China is struggling to reduce
the effect of its expanding economy on
the environment and to combat charges
that its exports are kept inexpensive
by lax environmental and labor standards.
Accessed on 22 October < http://www.tradeobservatory.org/headlines.cfm?refid=100442 >
DEMOCRATIC PEOPLE’S REPUBLIC OF
KOREA
Japan extends sanctions against North
Korea. Channel News Asia, 9 October 2007.
Japan has extended sanctions against the
Democratic People’s Republic of
Korea by another six months to mid-April
to keep up the pressure over the Democratic
People’s Republic of Korea’s
abductions of Japanese nationals. The
sanctions will cover the period from 14
October 2007 to 13 April 2008. Japan had
imposed economic sanctions in October
2006 after the Democratic People’s
Republic of Korea conducted its first
nuclear test. It barred all imports from
the Democratic People’s Republic
of Korea, including money-making produce
such as clams, crabs and high-end matsutake
mushrooms, for six months. Port calls
by ships from the Democratic People’s
Republic of Korea were also banned. There
is still strong public resentment in Japan
over a lingering dispute about the extent
of the Democratic People’s Republic
of Korea’s abductions of Japanese
nationals in the 1970s and 1980s to train
spies. The Democratic People’s Republic
of Korea admitted in 2002 to the abductions
and has since returned five kidnap victims
and their spouses and children. But it
insists the issue has now been resolved,
saying the other abductees were all dead.
Japan believes there are more kidnapped
survivors who are kept under wraps.
Accessed on 9 October
< http://www.channelnewsasia.com/stories/afp_asiapacific/view/304647/1/.html >
EUROPEAN UNION
European steelmakers preparing dumping
complaint against China. AFP Google, 2
October 2007.
European steelmakers are preparing to
lodge a complaint in the coming weeks
against China for selling finished steel
products in Europe at below cost. When
a dumping complaint is filed with the
European Commission, the panel then has
to launch an investigation to see whether
the charges stand up before taking a decision
on retaliation. Imports of Chinese-made
finished steel products into Europe are
booming and are expected to double in
2007.
Accessed on 3 October
< http://afp.google.com/article/ALeqM5ilcGCdEjleJXoH4CPIHshUx86bdQ >
EU investigates shoe exports. Fibre2Fashion,
6 October 2007.
The EU has formally started an investigation
on Chinese shoes export to EU via Macao,
China upon the suspicion that some Chinese
shoes enterprises - in order to avoid
the anti-dumping measures imposed by the
EU on imports of shoes from China - transport
their products to Macao, China and after
the processing these products are exported
to the EU. The EU Government has passed
a law that if Chinese shoes enterprises
are found guilty of exporting via Macao,
China they will be burdened with anti-dumping
taxes and the current anti-dumping measures
will be prolonged.
Accessed on 8 October
< http://www.fibre2fashion.com/news/daily-textile-industries-news/newsdetails.aspx?news_id=42146 >
HONG KONG, CHINA
Poultry import ban lifted. News.gov.hk,
9 October 2007.
Effective from 10 October 2007, Hong Kong,
China will fully resume imports of live
poultry and birds and their products from
Guangdong. The Government lifted the import
suspension of live poultry and birds,
day-old chicks, poultry eggs, chilled
and frozen meat from a zone spanning the
24-kilometre radius of Xinzao, Panyu,
as there had been no new case of avian
influenza there. The Food and Health Bureau
said officers have inspected the previously
affected area and no abnormality was detected.
Since the outbreak of avian influence
in Guangdong, the Ministry of Agriculture
has sent experts and quarantine officers
to cull ducks within the affected area
and no new cases have been detected in
the province. Guangdong authorities have
enhanced random testing of live poultry,
chilled poultry meat and poultry eggs
supplied to Hong Kong, China and improved
inspection of registered poultry farms
and processing plants.
Accessed on 10 October
< http://news.gov.hk/en/category/healthandcommunity/071009/html/071009en05004.htm >
INDIA
Government removes riders on import of
genetically modified edible oil. The Truth
about Trade and Technology, 2 October
2007.
The Ministry of Commerce and Industry
has lifted the ban on import of edible
oil sourced from genetically modified
(GM) oilseeds as the domestic market cannot
meet the full demand. For this, the Directorate
General of Foreign Trade (DGFT) has deleted
a condition on import of edible oils sourced
from GM oilseeds. Prior to this, an importer
was supposed to furnish a certificate
and declare that he or she was not importing
edible oil sourced from GM oilseeds. Meanwhile,
the DGFT has begun a trial run of online
filing of various documents by foreign
traders. It has already put the duty entitlement
passbook scheme online and plans to do
the same with certain other documentation
to save foreign traders time.
Accessed on 3 October < http://www.truthabouttrade.org/article.asp?id=8280 >
India and Pakistan plan easy visas. Southasia
Media Net, 21 October 2007.
India and Pakistan are negotiating a new
business visa agreement that will help
mitigate problems faced by entrepreneurs
traveling between the two countries. Revealing
the initiative, India’s Deputy High
Commissioner said there was scope for
Pakistani businesses to forge joint ventures
with their Indian counterparts in the
compressed natural gas sector.
Accessed on 22 October
< http://www.southasianmedia.net/index_story.cfm?id=436069 >
Greenpeace demands complete ban on import
of e-waste in India. Daily India, 4 October
2007.
Environmental watchdog Greenpeace staged
a demonstration in Delhi demanding complete
ban on import of discarded computers.
India generates about 146,000 tonnes of
e-waste every year and with demand of
computers growing at an alarming rate,
the country’s domestic e-waste is
expected to touch 1,600,000 tonnes by
2012. According to a Supreme Court order
of 1997, import of hazardous waste in
India for disposal is banned. However,
toxic electronic waste still finds its
way into the country in the garb of charity
or re-useable material. The activists
demanded the Ministry to put a complete
ban to such imports to safeguard the environment.
Greenpeace’s records show that in
last six-months around 600 tonnes of e-waste
has entered India. Hazardous e-waste releases
harmful chemicals like lead, cadmium and
mercury in the environment.
Accessed on 5 October
< http://www.dailyindia.com/show/179675.php/
>
MYANMAR
EU approves new sanctions on Myanmar. Channel
News Asia, 16 October 2007.
Foreign ministers of the European Union
approved new sanctions against Myanmar,
including an embargo on the export of wood,
gems and metals. The EU already has broad
sanctions in place against Myanmar’s
leadership and their families - with 375
people on a visa-ban, asset-freeze list.
Further measures up to an all-out ban on
new investments may also be considered.
The import bans will notably affect Myanmar’s
teak and jade trade. The EU at the same
time confirmed the continuation of substantial
humanitarian aid programmes aimed at the
most vulnerable populations. While flagging
their intentions to boost sanctions in recent
weeks, EU officials have stressed that they
have a limited effect on Myanmar already
greatly isolated by the West. More than
90 per cent of Myanmar’s business
is done with Asian nations, especially China
and India.
Accessed on 17 October
< http://www.channelnewsasia.com/stories/afp_asiapacific/view/305835/1/.html > United States announces additional
sanctions against Myanmar. USInfo, 19
October 2007.
The President of the United States announced
an expansion of United States sanctions
against the country’s military rulers
and their associates, accusing them of
perpetrating “ongoing atrocities”
against the pro-democracy opposition.
The new measures include the designation
of 11 government leaders for sanctions
by the Treasury Department and 12 additional
individuals and entities under an executive
order signed by the President. The executive
order also expands the authority of the
Treasury Department to designate for sanction
individuals responsible for human rights
abuses as well as public corruption and
those who provide material and financial
backing to these individuals or to the
Government of Myanmar. Furthermore, he
said that the Department of Commerce was
tightening its export control regulations
for Myanmar. The new sanctions are in
addition to measures imposed by the administration
27 September
Accessed on 23 October
< http://usinfo.state.gov/xarchives/display.html?
>
PAKISTAN
Risk management system for import cargoes.
Business Recorder, 25 October 2007.
The Federal Board of Revenue (FBR) has decided
to implement a risk management system at
the Karachi Collectorate of Customs, to
scan 50 per cent of the total goods declarations
filed in order to detect the evasion of
duties and taxes on the import of goods.
The risk parameters to check imported consignments
include lists of trusted importers and Harmonized
Commodity (HS) codes of 'very high', 'medium'
and 'low' risk imported goods. The risk
parameters have been designed on the basis
of data analysis received from the Appraisement
Collectorate.
Accessed on 25 October < http://www.brecorder.com/index.php?id=643730&currPageNo=1 > REPUBLIC OF KOREA
Republic of Korea renews ban on United
States beef. All Headline News, 5 October
2007.
The Republic of Korea has reissued its
ban on United States beef, citing a disagreement
on importation and health safety codes.
According to Republic of Korean officials,
inspectors also found a piece of cow bone
in the beef; agriculture authorities have
banned the importation of beef bones over
fears of mad cow disease. The Republic
of Korea, which used to be the third largest
market for United States beef, suspended
importing beef from the United States
in 2003. It lifted the import ban last
year but imposed it again in August this
year. The repeated beef import suspension
is a major trade issue between the two
countries and is seen as a stumbling block
to their negotiations for a comprehensive
free trade agreement.
Accessed on 8 October < http://www.allheadlinenews.com/articles/7008740429 >
THAILAND
Government to start anti-dumping investigation
on Chinese imports. Fibre2Fashion, 4 October
2007.
The Thai Textile Manufacturing Association
submitted a petition to the Ministry of
Commerce to initiate an anti-dumping investigation
against Chinese imports, mainly cotton
fabric and polyester filament. Thailand
has increased imports of these products
from 6.9 million Baht to 183 million Baht,
which accounts for 85 per cent of the
domestic market share. Considering this,
the Government decided to initiate anti-dumping
investigation against textile products
from China. If an investigation finds
that the domestic industry is hampered
by these allegedly dumped imports, the
anti-dumping duties would be levied.
Accessed on 8 October
< http://www.fibre2fashion.com/news/association-news/tgma/ >
TURKEY
Minister of State: non-tariff barriers
with the EU should be removed. Today’s
Zaman, 1 October 2007.
The Minister of States has expressed his
regret that EU countries were implementing
obstacles to Turkish exporters’
businesses by hardening visa procedures
and office establishment procedures. He
said he hoped that these obstacles could
be removed by the EU’s central body
as solving the problems with EU member
countries on a one-on-one basis would
prove too difficult. He has asked those
exporters who could not get a visa to
prepare files showing they were rejected
and to include their relevant financial
losses in order to sue the responsible
bodies
Accessed on 2 October
< http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=123559 >
UNITED STATES OF AMERICA
After long delay, United States notifies
2002-2005 agricultural subsidies to WTO.
ICTSD, 10 October 2007.
The United States on 4 October announced
that it has notified the WTO of its domestic
support payments to farmers for the years
2002 to 2005, insisting that it had remained
within the spending limits imposed by
its obligations to the global trade body.
Following years of criticism for the notification
delay, the United States’ payment
claims are now likely to be closely scrutinized
by trading partners. Uncertainty about
exactly how much the United States gives
out in trade-distorting subsidies has
been an irritant in the Doha Round negotiations
on cutting farm support, as well as in
WTO disputes launched by Brazil and Canada.
The United States’ lead agriculture
negotiator informed that payments on overall
trading-distorting support amounted to
US$ 16.3 billion in 2002, US$ 10.2 billion
in 2003, US$ 18.1 billion in 2004 and
US$ 18.9 billion in 2005. These figures
are all considerably lower than the United
States’ current WTO spending entitlement
of US$ 48 billion for such support. They
are also well within the future spending
cap of US$ 22.5 billion formally tabled
by the United States in the Doha Round,
suggesting that this ceiling could be
achieved with few changes to existing
practice.
Accessed on 15 October < http://www.ictsd.org/weekly/07-10-10/story3.htm >
WORLD TRADE ORGANIZATION
Canada is first to notify compulsory licence
to export generic drug. WTO, 4 October
2007.
The WTO received from Canada, on 4 October
2007, the first notification from any
Government that it has authorized a company
to make a generic version of a patented
medicine for export under special WTO
provisions agreed in 2003. The triple
combination AIDS therapy drug can now
be made and exported to Rwanda, which
is unable to manufacture the medicine
itself. Earlier, Rwanda informed the WTO
that it intended to import 260,000 packs
of the medicine over two years and that
the drug was to be made in Canada. Canada’s
notification completes the circle. Both
notifications were required for the medicine
to be exported to Rwanda under an important
agreement among WTO members reached on
30 August 2003, which eases the way for
countries with public health problems
to import cheaper generics made under
compulsory licensing elsewhere when they
are unable to manufacture the medicines
themselves.
Accessed on 8 October
< http://www.wto.org/english/news_e/news07_e/trips_health_notif_oct07_e.htm>
D. INDUSTRY AND TECHNOLOGY-RELATED INFORMATION
AFGHANISTAN
Islamic Republic of Iran and Afghanistan
sign industrial memo. Tehran Times, 1 October
2007.
The Iran Small Industries and Industrial
Parks Organization (ISIPO) and the Ministry
of Commerce and Industries of Afghanistan
signed an industrial memorandum in on 30
September 2007 in order to boost bilateral
industrial and economic ties by developing
industrial parks. Based on the agreement,
ISIPO will cooperate with the ministry on
the construction of three industrial parks
in Afghanistan. The parties vowed to coordinate
the operations and required information
and to finance the projects through Economic
Cooperation Organization (ECO) and Afghanistan’s
domestic resources.
Accessed on 3 October < http://www.tehrantimes.com/index_View.asp?code=154070 > CHINA
Cable linking China and United States
starts construction. CRI English, 23 October
2007.
The main body of a new submarine fiber
cable system, called the Trans-Pacific
Express (TPE), kicked off its construction
at sea in Qingdao, a coastal city in east
China on 22 October 2007. The new cable,
the first to directly link the United
States and China by skipping over Japan,
is expected to be put into use in July
2008 before the opening of the Beijing
Olympic Games. It will become the submarine
fiber cable with the largest capacity
and the longest span for China, linking
China with Taiwan Province of China, the
Republic of Korea and the United States.
Accessed on 23 October < http://english.cri.cn/2946/2007/10/23/198@286580.htm >
China’s second oceanic survey satellite
put to official use. SINA, 2 October 2007.
China’s State Oceanic Administration
has formally taken over the control of
the “Haiyang-1B” (Ocean 1B)
on 30 September after the second self-designed
oceanic survey satellite in China proved
functioning well on its projected orbit
for more than five months. The satellite
can capture real-time information and
data on the marine resources and environment
of the country’s coastline, islands,
territorial waters, continental shelves
and exclusive economic zones. The data
collected will be used to facilitate the
country’s development and utilization
of marine resources, construction of ports,
monitoring and prevention of oceanic pollution,
resource investigation and the development
of coastal areas as well as for study
of global environmental changes. Launched
in April, the satellite with a designed
operational life of three years, is also
a crucial component of China’s three
dimensional oceanic survey system.
Accessed on 3 October < http://english.sina.com/technology/1/2007/1002/127262.html >
China prepares 4G mobile data specification
for ITU. Teleclick, 6 October 2007.
China is planning to submit a home-grown
fourth-generation (4G) mobile data specification
to the International Telecommunications
Union (ITU) in either 2008 or 2009. The
Chinese 4G technology will allow users
to surf the web and transmit files much
faster than current 3G standards, giving
it a strong potential in the wireless
multimedia sector. The search for a dominant
4G standard is set to begin next year,
when ITU begins accepting proposals from
countries around the world. The first
4G networks will likely see commercial
deployment by around 2010.
Accessed on 8 October
< http://www.teleclick.ca/2007/10/china-prepares-4g-mobile-data-specification-for-itu/ >
INDIA
India and United States to cooperate in
developing medical technology. Economic
Times, 4 October 2007.
India and the United States agreed to
enhance cooperation in development of
low-cost diagnostic and therapeutic medical
technologies. At the India-United States
Summit on Translational Health Sciences,
the National Institutes of Health (NIH)
of the United States and the Department
of Biotechnology of India issued a joint
statement on expanding collaborative research,
particularly in the medical research cluster.
The focus will be on infectious diseases,
trauma, maternal and child health and
chronic diseases like diabetes, hypertension
and cardiovascular diseases. The Ministry
of Science and Technology is setting up
the country’s first-ever Translational
Health Science and Technology Institute
to facilitate development, optimization
and evaluation of technologies for public
health.
Accessed on 23 October
< http://economictimes.indiatimes.com/News/News_By_Industry/
>
Work on genetech city to kick off from
December. NewIndPress.com, 7 October 2007.
Work on the genetech city, the proposed
bio-technology park at Andharua will start
in December if things go as per schedule.
The bio-technology park will be developed
in public-private partnership through a
competitive bidding route and the Department
of Science and Technology has invited tenders
from private firms for development of the
park on 54 acres provided by the State Government.
While 25 acres of the genetech city will
be used as bio-technology and pharmaceutical
corridor, an information technology centre
will be developed on another 15 acres. A
bio-tech incubator centre will be developed
on an area of 10 acres.
Accessed on 8 October
< http://www.newindpress.com/NewsItems.asp?
>
India and Iceland sign MoU for renewable
energy cooperation. Economic Times, 9 October
2007.
India has entered into an agreement with
Iceland for cooperation in the development
of new and renewable energy technologies.
The MoU signed by the Ministry of New and
Renewable Energy also envisages cooperation
for development of systems, sub-systems,
devices and components as well as monitor
and evaluation of cooperation activities.
Iceland and India cooperate in hydrogen
and fuel cells under the forum of the International
Partnership for Hydrogen Economy (IPHE).
A trade delegation from Iceland will visit
India in November to establish industry
level contacts in renewable energy.
Accessed on 15 October
< http://economictimes.indiatimes.com/News_by_Industry/
>
ISLAMIC REPUBLIC OF IRAN
Islamic Republic of Iran and Syria sign
billion dollar gas deal. Channel News Asia,
4 October 2007.
The Islamic Republic of Iran and Syria have
signed an agreement for the Islamic Republic
of Iran to export three billion cubic metres
of natural gas, worth US$ 1 billion every
year to its main chief regional ally. The
agreement is the latest sign of the expanding
political and economic ties between the
two countries. With the signing of these
agreements, experts will start work to define
the transit cost and examine the other aspects
of the contract. The Islamic Republic of
Iran has the world’s second largest
gas reserves after the Russian Federation
but until now has remained a relatively
minor player in the global export market.
It also faces huge consumption demands from
its growing population at home.
Accessed on 5 October
< http://www.channelnewsasia.com/stories/afp_world_business/view/303865/1/.html > NEW ZEALAND
Biofuel trial flight set for 747. BBC,
28 September 2007.
A New Zealand airline plans to mount the
first test flight of a commercial airliner
partially powered by biofuel. The 747
flight is one part of a agreement signed
by the airline, the engine producer and
the aircraft manufacturer to research
“greener” flying. One of the
four engines will run on a mixture of
kerosene and a biofuel, and is set for
late 2008 or early 2009. An airline of
the United Kingdom is planning to beat
its competitor from New Zealand to the
punch by having its own biofuel flight
early 2008.
Accessed on 3 October < http://news.bbc.co.uk/2/hi/science/nature/7017694.stm >
PAKISTAN
Government decides to do away with research
and development support. Daily Times,
27 September 2007.
The Government has decided in principle
to gradually convert research and development
support into export-oriented units (EOUs)
promotion scheme for increasing investment
and enhancing exports. The proposed Textile
Industry Development Policy 2007 outlines
this option to benefit other potential
new industries to grow and secure their
shares in the export markets. The Ministry
of Textile Industry and Federal Board
of Revenue (FBR) are finalizing the modalities
of the EOUs promotion scheme. The authorities
at FBR have already endorsed the idea
and have conveyed to the textile ministry
that they have no objection of converting
research and development support into
EOUs promotion scheme for increasing investment
and enhancing exports. New sectors which
have the potential to grow and can earn
valuable foreign exchange for the country
would be allowed the benefits of the EOU
schemes. In the textile sector research
and development support would be eliminated
from those sectors which are contributing
less and it would be shifted towards those
sectors which are value-addition driven
and can increase contribution in exports.
Accessed on 2 October
< http://www.dailytimes.com.pk/default.asp?page=2007%5C09%5C27%5Cstory_27-9-2007_pg5_2 >
SOLOMON ISLANDS
Rural electrification programme aims for
10 per cent coverage. Pacific Magazine,
15 October 2007.
The Solomon Island’s rural electrification
programme targets that up to 10 per cent
of the population in rural areas have
electricity by the end of 2008. Only about
15 per cent of the estimated 567 000 people
in Solomon Islands have access to electricity.
These are mainly people living around
the capital Honiara. In the rural areas,
many families use kerosene lamps and hurricane
lamps for light. It’s only those
who can afford diesel generators that
have better lights.
Accessed on 15 October
< http://www.pacificmagazine.net/news/2007/10/15/rural-electrification-program-aims-for-10-percent-coverage >
SOUTH ASIA SUBREGIONAL ECONOMIC COOPERATION
(SASEC)
Four South Asian countries agree to ICT
connectivity. ADB, 15 October 2007.
Bangladesh, Bhutan, India and Nepal have
agreed to collaborate on a subregional
information communication technology (ICT)
project to improve connectivity among
the four countries. The agreement by the
SASEC countries was reached at ICT working
group meeting to discuss the proposed
SASEC Information Highway Project. The
SASEC Information Highway Project consists
of three key components. It will establish
the SASEC regional network to integrate
member countries and reduce Internet costs,
particularly for the land-locked countries
of Bhutan and Nepal. It will also build
the SASEC village network to expand broadband
wireless connectivity to rural communities
and enable them to better access services
such as tele-medicine, distance learning,
and e-government services. In addition,
|