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World Trade Organization: Panel Rules Against EU for Tariffs on Certain High-Tech Goods

(Sept. 27, 2010) On September 21, 2010, the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) formally adopted a panel ruling that condemns the European Union for keeping in place import tariffs on high technology goods in three categories: flat-panel displays, Internet-accessible cable and satellite set-top boxes, and multifunctional digital machines (e.g., devices […]

Kenya: President Vetoes Bill on Price Controls

(Sept. 15, 2010) It was reported on September 1, 2010, that the Kenyan President refused to assent to the Price Control (Essential Goods) Bill, which seeks to authorize the Minister of Finance to set prices of essential goods and criminalize the buying or selling of goods for prices above those set by the Minister (John […]

Australia; New Zealand; World Trade Organization: Restrictions on Importation of New Zealand Apples Found Inconsistent with Trade Agreement

(Aug. 20, 2010) On August 9, 2010, a World Trade Organization (WTO) dispute panel issued its final report on a trade dispute involving a complaint by New Zealand that measures imposed by Australia on the importation of apples from New Zealand breached the WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement). […]

Kenya: Parliament Passes Law Authorizing Government to Set Prices of Essential Goods

(June 30, 2010) On June 23, 2010, the Kenyan Parliament passed the Price Control (Essential Goods) Bill, 2009, which, if signed into law by the President, will authorize the Minister of Finance to set prices of essential goods and criminalize the buying or selling of goods for prices above those set by the Minister. (Kenya […]

Organisation for Economic Cooperation and Development: Estonia, Israel, Slovenia, Invited to Become Members

(May 20, 2010) Members of the Organisation for Economic Co-operation and Development (OECD) agreed on May 10, 2010, to invite Estonia, Israel, and Slovenia to join the global body. The special welcoming ceremony will take place at the annual meeting of the OECD ministerial-level council, scheduled to take place in Paris on May 27. According […]

Colombia; European Union: Trade Agreement Ready to Be Signed in May

(Apr. 21, 2010) A trade agreement between Colombia and the European Union is ready to be signed by the parties, possibly on May 19, 2010, during the fourth summit, in Madrid, of the EU and Latin American and Caribbean nations. The agreement would open the EU market to rum, bananas, and sugar from Colombia free […]

China; Taiwan: Three Economic Cooperation Agreements Signed

(Dec. 31, 2009) On December 22, 2009, China and Taiwan signed three agreements to further bilateral economic cooperation — on fishing crew cooperation; agricultural quarantine inspection; and industrial product standards, inspection, and certification. Representatives of the two sides also agreed to hold discussions in the first half of 2010 on a proposed economic cooperation framework […]

Malaysia; New Zealand: Free Trade Deal Signed

(Nov. 6, 2009) The Trade Ministers of New Zealand and Malaysia signed a Free Trade Agreement (FTA) in Kuala Lumpur on October 26, 2009, following ten rounds of negotiations held over a four-year period. The FTA builds on commitments made by the two countries under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) that was signed […]

European Union; South Korea: Free Trade Agreement Signed

(Oct. 20, 2009) On October 15, 2009, the European Commission and the Republic of Korea (South Korea) signed a free trade agreement (FTA), following a two-year period of negotiations. The agreement is heralded as the most significant negotiated deal between the European Union (EU) and a third country. The agreement is expected to remove all […]

Guyana: Caribbean Court of Justice Rules in Trade Dispute

(Oct. 8, 2009) On August 20, 2009, the Caribbean Court of Justice (CCJ) ruled against Guyana in a case brought before it by a cement company located in Trinidad and its subsidiary located in Guyana. The companies alleged that Guyana had violated its obligations under the Revised Treaty of Chaguaramas, which created the Caribbean Community […]