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Samsung aims to buy more from China
Samsung China aims to buy supplies worth US$18.5 billion from China this year, up from US$15.3 billion in 2005. China has become the second-largest market and manufacturing base for the South Korean firm, which faces tough competition in the Chinese market.
China assails US trade policies
Chinese Ambassador to the World Trade Organization (WTO) Sun Zhenyu on Wednesday voiced China's concerns over U.S. trade policies and urged the United States to respond to those concerns.
EU likely to impose tax on Chinese shoes
The European Commission is likely to impose a provisional tax on imports of Chinese leather shoes, despite disagreement about the move among member states. The final decision, the result of allegations that Chinese firms "dumped" cheap shoes in the European Union (EU), is scheduled to be made next week.
EU anti-dumping tariffs free for some Chinese shoes
Chinese labour safety shoes are likely to be free from European Union (EU) anti-dumping tariffs.
China to expand agricultural products export
The Chinese Ministry of Commerce Friday announced the official launching of a fund program to promote China's agricultural products exports in 2006.
EU made wrong decision on shoe industry
Denying China's shoe-making industry the status of a fair competitor was wrong, industry officials said on Friday, adding that the European Commission's decision runs against the interest of the EU economy.
China-US textile agreement takes effect
The China-U.S. textile agreement will take effect as of January 1, 2006, imposing quotas on a total of 21 types of clothing and textiles from China by 2008.
U.S., China to hold more textile talks
China and the United States will hold a second round of talks next week in Beijing aimed at reaching a comprehensive agreement to limit Chinese clothing and textile exports to the United States, the Associated Press reported.
Chinese Textile export permits halted
China has stopped issuing permits for certain textile products exported to the European Union (EU), an official with the foreign trade department of China's Ministry of Commerce (MOFCOM) said over the weekend.
US, China said close to broad textile deal
The United States and China are close to a broad textile trade pact to deal with surging imports from China but will likely need another meeting to reach an agreement, the Bush administration's textile negotiator said on Wednesday, Reuters reported.
China's free trade deal with Chile in the pipeline
China is expected to ink its first free trade agreement (FTA) with a single country this year. "It is hopeful that we can finalize it at the end of this year. after the fourth round of talks," Pablo Cabrera, the Chilean Ambassador to China, said.
US seek limits on China textile exports
American shoppers who enjoyed a sustained drop in clothing prices over the past year are likely to see markups on pants, shirts and dresses if the Bush administration gets China to agree to comprehensive limits on its clothing and textile exports, the Associated Press reported Tuesday. Since a three-decade system of clothing and textile quotas expired Jan. 1, there has been a flood of clothing and textile imports entering the United States from China.
China hails US decision on textile imports
China appreciates the US delay over its decision on Chinese textiles and expect substantial progress before it makes its final decision.
Chinese Official: US response to textile talks active
The United States has shown an "active response" towards the negotiations currently taking place regarding the provisional quota allocation measures imposed on China's textile exports, revealed a Chinese commerce official yesterday.
Provisional measures takes in effect on Chinese textile
Chinese textile manufacturers started to export to the European Union under provisional quota allocation measures yesterday. According to management measures published by China's Ministry of Commerce (MOFCOM), quotas in 10 categories of Chinese textile products now apply to around 5,700 enterprises across China.
China, US open trade talks with agreements expected
China and the United States opened annual high-level trade talks in Beijing with an agreement expected on a wide range of thorny issues including intellectual property, aviation and petrochemicals, officials said.
China trade war must be avoided - Greenspan
Federal Reserve Chairman Alan Greenspan urged Congress on Thursday to find a "less destructive" outlet for its frustration over China's trade and exchange-rate policies, saying a proposal to slap tariffs on Chinese imports would have "extraordinarily negative" consequences for the world economy.
China opposes EU probe into shoe imports
China has expressed strong opposition to an EU investigation into its shoe exports and accused Brussels of manipulating trade figures and causing trade friction.
Agreement sought in textile talks
Both China and the United States are treating formal consultations to reach agreement on the textile issue with caution.
Tariff on China goods won't help US economy
U.S. Congress, led by Sens. Charles Schumer (D-NY) and Lindsey Graham (R-SC), appears headed on a collision course with China over trade. Ironically, the senators see imposing a tariff duty on inbound Chinese goods as a solution to U.S. economic woes, contrary to the spirit of global free trade.
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