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MOFCOM Official Calls for Reduction of China's IP "Trade Deficit"
August 10, 2010 by Marie Rapport|International Sources

GOV.cn reports that on August 9, 2010, a Chinese commerce official called for creating indigenous brands to reduce China's trade deficit in intellectual property. At the Intellectual Property Rights Summit in Beijing, Ministry of Commerce official Wu Guohua noted China spends a large amount of funds on foreign intellectual property every year, adding that it is an imperative China create indigenous brands. In 2009, China's services trade deficit stood at 29.6 billion U.S. dollars -- 1.6 times the 2008 level -- of which 10.6 billion U.S. dollars was royalties and licensing fees payments to foreign companies.

Russia to Introduce a Temporary Ban on the Export of Some Grains
August 9, 2010 by Karen Marzullo|International Sources

The Ministry for Economic Development of the Russian Federation reports that Prime Minister of the Russian Federation Putin signed a resolution on August 5, 2010 to introduce a temporary ban on the export of some agricultural products from the Russian Federation, due to a sharp change in crop forecast. The ban is imposed from August 5 - December 31, 2010. The issue of lifting the embargo on the export of Russian grain is postponed till December, after the results of harvesting campaign are known.

China Hopes U.S. Won't be Too Demanding on its GPA Reapplication
August 9, 2010 by Marie Rapport|International Sources

Xinhuanet.com reported on August 5, 2010 that China's ambassador to the World Trade Organization, Sun Zhenyu, stated the country is committed to joining the government procurement agreement (GPA) "as soon as possible", but still hopes GPA member nations including the U.S. are not "too demanding" on its revised offer.The GPA is a set of standards that grant foreign companies nondiscriminatory access to government purchases. Many expect China's procurement market to become open to foreign businesses if the country joins the GPA. Joining will also allow Chinese enterprises to enter the government procurement markets in 41 WTO member nations that have joined the GPA.

Topics:World Trade Organization (WTO)
EU Sees Victory in Canadian Amendment on Outbound International Mail
August 6, 2010 by Barbara Chaves|International Sources

The European Commission has announced that on July 12, 2010, Canada adopted an amendment to its postal law which clarifies that Canada Post does not have a monopoly with regard to letters intended for delivery to an addressee outside of Canada (so-called outbound international mail) but that this market is fully open to competition. The EC states this ends a long standing key market access barrier and closes a lengthy period of legal action by Canada Post.