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EU Trade Commissioner Says Narrower Deal Needed to Rebuild Trust
March 7, 2019 by Mara Lee|International Sources

As long as the trade talks are limited to industrial goods -- which does include fisheries under World Trade Organization rules -- European Union Trade Commissioner Cecilia Malmstrom said she thinks the talks could conclude before the current commission leaves office in late October. Malmstrom was visiting Washington to talk to her counterpart, U.S. Trade Representative Robert Lighthizer, and to give a speech at the Georgetown Law International Update.

Topics:World Trade Organization (WTO), Trump tariffs
China's Support for Wheat, Rice Farmers Violates WTO Promises
February 28, 2019 by Mara Lee|International Sources

China's financial support to its wheat, short-grain and long-grain rice farmers is valued at more than 8.5 percent of the value of production, and therefore is more generous than what China said it would do when it joined the World Trade Organization, a WTO dispute panel ruled. The report, which said that China pays a minimum price for these commodities, was circulated at the WTO on Feb. 28. The case was first filed in 2016.

Topics:World Trade Organization (WTO)
‘We All Hope’ US-China Trade Deal Is Possible by March 1, China's Foreign Ministry Says
February 14, 2019 |International Sources

A Chinese Foreign Ministry spokesperson in Beijing sidestepped questions on Feb. 14 about President Donald Trump’s remarks suggesting he might be willing to let the March 1 deadline “slide” for raising the 10 percent Section 301 tariffs to 25 percent on $200 billion worth of Chinese imports if U.S and Chinese negotiators are close to reaching a comprehensive trade agreement. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer are in Beijing for the latest round of trade talks. “We all hope that a deal could be reached,” the spokesperson said. “At present all we could do is ensure that the two delegations could concentrate on having a good round of consultation and work for a mutually accepted and mutually beneficial outcome, which is also to the benefit of the world.”