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.
At the World Trade Organization's July 5, 2010 meeting of the Council for Trade in Goods, the European Union expressed concern over an Argentine measure it says restricts food imports. The EU said that since May, there have been long delays in the granting of certificates that would enable the release of EU food imports from Argentina's ports, and that there has also been a trade-chilling effect in the form of cancellation of long-standing orders to the EU.
The World Trade Organization has issued its Trade Policy Review for Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei). According to the review, an outward-oriented development strategy has brought rapid growth and prosperity, transforming it into a modern industrial economy and a leading exporter of information technology (IT) products. However, to strengthen its competitiveness and attract inbound direct investment, Chinese Taipei needs to undertake further structural reforms in order to improve the economy's flexibility in responding to domestic and international challenges, including the improvement of cross-strait economic relations, removal of remaining informal barriers to investment, and adoption of international best practices.
Xinhuanet.com states that ten years after it unveiled a strategy to promote growth in its western area, China announced a plan to continue the initiative. The move to further develop the West came as the government took steps such as subsidizing auto and home appliance buyers, to boost domestic demand and lessen reliance on exports.