During a recent U.S, China, and European Union consumer product safety summit, China's General Administration of Quality Supervision, Inspection and Quarantine Director stated that all nations should step up collaboration and share responsibilities to improve the safety of consumer goods. He said the three regulators agreed that improved training and management of product designers, producers, importers and retailers, and a comprehensive quality control system, were pre-conditions for product safety.
The World Trade Organization announces that at its meeting on October 25, 2010, the Dispute Settlement Body (DSB) adopted the panel report on the U.S.-China poultry dispute (DS392). The panel found that Section 727 of the fiscal year 2009 Omnibus Appropriations Act, which prohibits the use of funds appropriated under that Act from being used to establish or implement a rule allowing poultry products to be imported into the U.S. from China, is inconsistent with Articles I:1 and XI:1 of the General Agreement on Tariffs and Trade 1994 (GATT). (See ITT's Online Archive or 09/29/10 news, 10092953, for BP summary.)
The American Chamber of Commerce in Korea reports that Korean Trade Minister Kim Jong-hoon and U.S. Trade Representative Ron Kirk met on October 26, 2010 to address U.S. concerns over autos and beef as they seek ratification of the pending free trade deal. The Chamber adds that President Obama has said he would like to present a finished deal to Congress in early 2011.
China's State Administration of Foreign Exchange (SAFE) has announced that China will streamline its import payment verification systems from December 1, 2010 to better facilitate foreign trade.
The Government of Canada issued the following releases on October 28, 2010:
The Government of Canada issued the following releases on October 27, 2010:
In the October 27, 2010 edition of the Official Journal of the European Union, the following trade-related notices were posted:
China's Ministry of Commerce announces that the foreign ministers of China and Costa Rica have vowed to push bilateral ties to a new high. During talks in Beijing, Chinese Foreign Minister Yang Jiechi said China attached great importance to China-Costa Rica relations and their development had been accelerated since the new government of Costa Rica was founded in May.
Xinhuanet.com reports that as concerns grow over rising U.S. investigations of Chinese enterprises over utility patents, China's Ministry of Commerce (MOC) held a seminar with the International Trade Commission to promote mutual understanding on intellectual property protection.
According to a senior Chinese trade official, China's annual overseas service trade is estimated to hit $300 billion in 2010, up 20% from last year. China states that it had the world's fifth biggest overseas service trade in 2009 and the momentum is likely to continue.