The National Institute of Standards and Technology posts drafts and changes to foreign technical regulations for manufactured products which may be considered technical barriers to trade and are therefore required to be reported to the World Trade Organization, which distributes the information to WTO Member countries.
On July 13, 2010, Gov.cn reported that the China National Textile and Apparel Council stated that half of China's textile firms may risk going bankrupt if the value of the Chinese currency yuan rises 5 percent against the U.S. dollar given the industry's thin profit margins. Profit margins for the country's textile companies stands at 3 to 5 percent, which has been squeezed by the the appreciation of the yuan, rising raw material and labor costs. The government conducted a yuan stress test in March, which showed profit margins of labor-intensive textile companies would drop by 1 percentage points if the yuan appreciates by 1 percent.
The National Institute of Standards and Technology posts drafts and changes to foreign technical regulations for manufactured products which may be considered technical barriers to trade and are therefore required to be reported to the World Trade Organization, which distributes the information to WTO Member countries.
The World Trade Organization has made minor revisions to the table of contents and "summary" section of its third Trade Policy Review for China, which was issued in June 2010. The most significant of these revisions, which is in the “summary” section, replaces the phrase “to manage periodic” trade and economic balances with the phrase “to redress” trade and economic imbalances.
The International Organization for Standardization has announced that the future ISO 50001 standard for energy management was recently approved as a Draft International Standard (DIS). ISO 50001 will establish a framework for industrial plants, commercial facilities or entire organizations to manage energy.
The World Trade Organization has circulated an announcement by the Chairman of the panel considering "U.S. - Measures Affecting Trade in Large Civil Aircraft (DS353) regarding possible subsidization of Boeing that the panel's work will not be able to be completed on time. Instead, the panel expects to issue its interim report by mid-September 2010, and expects to complete its work in the first half of 2011. (May have to attempt to open source document twice for proper viewing.)
The Washington Post reported that a brawl occurred among lawmakers on the legislative floor in Taipei, Taiwan on July 8, 2010 as discussion began on a preferential trade agreement, the Economic Cooperation Framework Agreement (ECFA) planned with China.
The World Trade Organization has updated its program of meetings for 2010.
In the July 9, 2010 edition of the Official Journal of the European Union, the following trade-related notices were posted:
The World Trade Organization has posted an article describing the "water footprint" associated with footwear, which is a measure of the consumption and pollution of water through the footwear manufacturing process.