Trade

U.S. Extends Waivers on Iran Sanctions to 11 Countries, Including Japan and France

March 22, 2013

“Renewal of the waivers, known as exceptions, means that banks in the 11 countries have been given a third consecutive 180-day reprieve from the threat of being cut off from the U.S. financial system under the sanctions.”

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Greenland Prime Minister Threatens European Union to Block Preliminary Mineral Resources Deal

March 9, 2013

“To the dismay of many European politicians, China has been eyeing investments in the former Cold War ally of the West, which include iron, zinc and rare earth minerals.”

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China Posts Unexpected Trade Surplus in February

March 9, 2013

“February’s exports were 21.8% higher than a year earlier, when the Lunar New Year fell in January, while imports were 15.2% lower than the year-earlier month.”

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Analysis: Great Britain’s Economic Uncertainty Directly Led to Credit Downgrade

February 24, 2013

“…the British government will end this year with a primary deficit — the purest measure of how much more a government spends than it receives in taxes — of 4.3 percent of gross domestic product. That is by far the highest such figure in Europe.”

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White House Considering Trade Restrictions as Punishment for State-Sponsored Cyber Attacks

February 20, 2013

“The White House plans come after a Virginia-based cybersecurity firm released a torrent of details Monday that tied a secret Chinese military unit in Shanghai to years of cyberattacks against U.S. companies.”

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Obama Administration Announces New Initiative to Reduce Theft of U.S. Trade Secrets

February 20, 2013

“The Obama administration warned Wednesday that it will launch new efforts to persuade China and other countries to halt the theft of billions of dollars’ worth of U.S. trade secrets.”

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President Obama Calls for Free Trade Agreement With the European Union

February 17, 2013

“Negotiations are not expected to be easy, with entrenched interests, especially in protected sectors of the agriculture industry, fighting to maintain their subsidies and preferences.”

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Officials: Purchase Orders Reveal Iranian Purchase of Ring-Shaped Magnets for Nuclear Enrichment

February 13, 2013

“The revelation of the new orders for nuclear-sensitive parts coincides with Iran’s announcement that it plans to add thousands of more-advanced, second-generation centrifuges that would allow it to ramp up its production of enriched uranium even further, analysts said.”

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China Surpasses the United States as the World’s Biggest Trading Partner in 2012

February 10, 2013

“U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion.”

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China: In January, Exports Increase 25%; Imports Up 28%

February 8, 2013

“China reports surge in January trade; exports jump 25 percent, imports 28 percent.”

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U.S. Coal Exports to Europe Increased 26% in 2012

February 7, 2013

“The new dependence on one of the dirtiest fuels shows just how challenging it is to maintain pressure to go green, analysts and officials say, and demonstrates the far-reaching effects of America’s natural gas boom.”

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Ukraine Government Rejects $7 Billion Bill From Russia’s Gazprom For Unused Gasoline

February 7, 2013

“Energy Minister Eduard Stavitsky said there were “no grounds” to pay the money, which makes up nearly 4% of the country’s GDP ($183bn).”

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Despite U.S. Objections, Iraq Kurds Push Forward With Construction of an Oil Export Pipeline to Turkey

February 7, 2013

“Baghdad says it alone has the authority to control exports of the world’s fourth largest oil reserves, while the Kurds say their right to do so is enshrined in Iraq’s federal constitution, drawn up following the U.S.-led invasion of 2003.”

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Environmental Investigation Agency: Almost Half of Timber Exported From Mozambique to China is Illegal

February 7, 2013

“The Environmental Investigation Agency (EIA) said its investigation showed that Mozambican politicians and Chinese traders were systematically involved in timber smuggling and illegal logging.”

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United States Announces New Sanctions Against Iran and its State Broadcasting Authority

February 6, 2013

“Also targeted were the Iranian Cyber Police… the Communications Regulatory Authority, which the Treasury Department described as an enforcer of Internet filtering… [and] the Treasury targeted Iran Electronics Industries.”

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