EU May Revamp Trade Preference System

The European Union unveiled proposals Wednesday to revamp trade preferences for developing countries, aiming to shift tariff breaks to those that need it most. EU Trade Commissioner Pascal Lamy said the reform would take greater account of market share in particular exports, such as textiles, when determining which countries should be eligible for the tariff reductions.

Learning To Use WTO Rules For Protection

Chinese companies have made important progress in learning about how to play by WTO rules in anti-dumping cases. On June 30, the Chinese Ministry of Commerce (MOFCOM) announced that it will continue imposing anti-dumping taxes on imported newsprint from Canada, South Korea and the United States, for another five years.

The Gap Minds Itself

"WHEN I DECIDED TO JOIN GAP INC. IN the fall of 2002," writes Paul Presser, president and CEO of the clothing giant behind the Gap, Old Navy and Banana Republic brands, "one of the first things my teenage daughter asked was, 'Doesn't Gap use sweatshops?'"

Farm-subsidy Squabble Could Grow

Brazil, the world's largest coffee and sugar exporter, may decide to escalate its fight over U.S. and European barriers at the World Trade Organization as part of its continuing effort to gain a bigger share of global markets, Agriculture Minister Roberto Rodrigues said Thursday.