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THE EUROPEAN Commission has warned that is prepared to impose temporary safeguard duties on imports into the EU of USA-made steel and aluminium, as it launched its reaction to new American import duties on aluminium and steel imports.

The Commission, has released a draft list of products which may in future attract retaliatory duties, and this includes a wide range of aluminium and steel products: bars, rods, angles, plate, wire, and more.…

THE EUROPEAN Commission has released a draft list of products that could be subject to retaliatory European Union (EU) safeguard duties, as a response to the erection of American import duties on aluminium and steel imports.

These include food products – sweetcorn, maize, kidney beans, rice (milled, semi-milled and broken), peanut butter, cranberries (and cranberry juice), and orange juice.…

REPRESENTATIVES of the USA fashion and apparel industries, along with most of the country’s business community and Congressional leadership, are voicing concern about President Donald Trump’s March 1 announcement that he intends to impose additional tariffs on all imports of steel and aluminium.…

Representatives of the USA beef industry are voicing consternation over the Chinese government’s announcement that the country is preparing retaliatory sanctions against beef exports as part of its escalating trade war with the United States.

Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association (USA), followed up the April 4 Chinese announcement of a potential 25% tariff on USA beef exports with an immediate statement of concern.…

Japan is now the United States’ leading export market for beef, in value and volume, and largest market for pork exports in value, according to 2017 trade data released by the US department of agriculture (USDA).

In the past calendar year, Japan imported 307,559 metric tonnes of US beef, an increase of 19% year-on-year, worth USD1.89 billion, which marks a 25% increase in value year-on-year from 2016.…

AMERICAN pigmeat exporters have since yesterday (April 2) had to pay additional retaliatory 25% duties on products sold to mainland China responding to the USA’s imposition of 25% and 10% duties on imported steel and aluminium.

China’s ministry of commerce has announced that following a brief round of public consultation, these duties would be collected with immediate effect.…

THE UK Serious Fraud Office (SFO) is to regain GBP4.4 million (USD6.2 million) in a corruption case where Canada’s Griffiths Energy bribed Chadian diplomats in the United States and Canada with discounted shares deals and “consultancy fees”.

Griffiths used a front company ‘Chad Oil’ set up in September 2009, just five days before agreements were signed, the SFO said.…

A KEY Organisation for Economic Cooperation & Development (OECD) conference on fighting graft has heard how auditors can play a key role in promoting honesty in local government.

Speaking to Accounting & Business at the 2018 OECD Anti-Corruption & Integrity Forum, in Paris, on March 27, Richard Chambers, President and CEO of the Institute of Internal Auditors (IIA), said: “There are inherent risks involving local government where you often have less oversight and where you have officials or individuals who have motives to benefit from positions of authority.”…

INDIA’S 12 newly sanctioned nuclear reactors with 9,000-megawatt (MW) capacity may use imported fuel, but most of the equipment will be made in India, government officials have told Fuel Cycle Week.

“We will see what is the maximum [amount of fuel] we can get from within the country and then what will be the external input of fuel,” Malur Ramaswamy Srinivasan, member of India’s Atomic Energy Commission, told Fuel Cycle Week.…

IF there is one issue that is a key focus of the north American nonwovens sector this year, it has to be the renegotiation of the North American Free Trade Agreement (NAFTA) between the USA, Canada and Mexico.

Tri-lateral talks have now reached their eighth round, with an objective of achieving a new deal by this summer, although observers believe this timescale might slip.…