“Commercial Awareness Is Global.”
By: Ainsley Brown In a move that would be the first of its kind, a state-owned Chinese bank could take control of a US retail bank. The Industrial & Commercial Bank of China (ICBC) has reportedly signed a deal to acquire the majority stake in the US subsidiary of Bank of East Asia. The deal signed during the recent state
By: Ainsley Brown The tit for tat trade battles, one could even say bordering on a trade war, has entered a new area – Green. More precisely the U.S. is investigating China’s alleged subsidization of its green technology sector (wind, solar and advanced batteries, etc.) in breach of WTO rules. The US Trade Representative has launched the investigation under section
US Chicken Being Dumped, Says China
By: Ainsley Brown
The seemingly endless trade rows between the United States and China continue unabated.
What is it this time? Tires? Steel? Autos? Or maybe intellectual property protection? No, no, not this time, this time it’s chicken – more specifically the importation of US chicken into the Chinese market.
This however is not a new skirmish but rather one that begun earlier this year when China…
By: Ainsley Brown Global trade was expected to drop as much as 10% in 2009; instead it fell by 12%. That extra two percent may not seem like much but it represents the largest drop in global commerce since 1945. This greater than expected drop has lead to renewed calls from Pascal Lamy, the Director General of the World Trade
By: Ainsley Brown In yet another sign of the increasing trade rift between Washington and Beijing, the Chinese have announced last Friday that they will impose duties on imported US chicken feet. Yes, I said chicken feet and not chicken. While many of my readers might find it unusual, perhaps even revolting, that someone would be eating chicken feet, the
By: Ainsley Brown Is the aid given to Airbus by the governments of Germany, the UK and France in violation of the World Trade Organization’s (WTO) subsidies agreement? The answer to this question is expected to be known by the parties today when the WTO is expected to hand down its confidential ruling to the parties. Confidential rulings are part