Lamy sees China’s footprint on world economy

If China’s trade takes a severe hit from the global financial crisis, the world economy will be even more affected, Pascal Lamy, director-general of the World Trade Organization, told Shanghai Daily on Thursday in Geneva.
The French-born WTO chief, who has held the post since September 2005, also stressed the importance of open trade as an [...]

More regional cooperation needed, Hu says

President Hu Jintao on Sunday urged members of the Asia-Pacific Economic Cooperation (APEC) to boost regional economic integration and said China is ready to conduct research on an Asia-Pacific free trade area.
In an address to the 16th APEC Economic Leaders’ Meeting, which ended in the Peruvian capital Lima on Sunday, Hu said the process of [...]

China opens new free-trade harbor area to boost ASEAN trade

China opened a new bonded harbor on Thursday in a major step toward a free trade zone operation with the Association of Southeast Asian Nations (ASEAN).
The Yangpu Bonded Harbor Area is China’s fourth such facility to have preferential tax rates. The harbor, with a first phase of 2.3 sq km, will cover 9.21 sq km [...]

Leaders stand by free trade, vow to revive Doha

President Hu Jintao joined other Asia-Pacific leaders on Saturday in vowing to stick to free-trade principles and help revive the stalled Doha round of global trade talks.
“A fair and open multilateral trading regime is conducive to the steady growth of regional and global trade, to the sound growth of the world economy and to the [...]

VW sees China trade tough in H1 2009

Volkswagen expects trading to be tough in China during the first six months of 2009 but is still planning for growth, its local head of operations said in comments to be published by a German newspaper.
“The first half, in particular the first quarter, will be difficult,” Winfried Vahland said in an article to appear in [...]

Global trade deal more likely with India and China on board

Restrictions on global trade in farm goods should be eased to help with the world cope with the economic crisis, says a senior trade strategist.
Alan Oxley, chairman of the Australian APEC Centre, says China and India strengthened their commitment to Doha at the weekend’s APEC forum in Peru.

Tags: trade

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