trade

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EU warns of hit to US over car import tariffs

EU warns of hit to US over car import tariffs

Washington’s threat to hit car imports with punitive tariffs risks sparking global retaliation against as much as $300 billion of US products, according to the European Commission's written submission to the US Department of Commerce …

Kazakhstan bans import of Russian poultry

Kazakhstan bans import of Russian poultry

Kazakhstan has banned the imports of poultry products from three regions of Russia over avian influenza, according to the website of the Kazakh Ministry of Agriculture. This decision was made in connection with the outbreak of highly …

Turkey starts implementing retaliatory tariffs against US

Turkey starts implementing retaliatory tariffs against US

Turkey will start implementing retaliatory tariffs worth $266.5 million against the United States over ‘ill-advised’ and ‘unsupportable’ additional steel tariffs enacted by Washington, Turkish Economy Minister …

Brussels hits U.S. imports in response to Trump tariffs

Brussels hits U.S. imports in response to Trump tariffs

The European Union will begin charging import duties of 25% on a range of U.S. products on June 21, in response to U.S tariffs imposed on EU steel and aluminum, the European Commission said. The Commission formally adopted a law putting …

 US threatens additional $200bn in tariffs on China

US threatens additional $200bn in tariffs on China

US President Donald Trump has threatened to impose tariffs on an additional $200billion of Chinese goods in a growing trade row. Trump said the 10% tariffs would come into effect if China "refuses to change its …

EU to hit U.S. imports with duties in early July

EU to hit U.S. imports with duties in early July

The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminum. EU members have given broad …

China imposes tariffs on more than 100 US products - media

China imposes tariffs on more than 100 US products - media

China said it would place 25% trade tariffs on 106 US goods, the Ministry of Commerce in Beijing said. The Asian nation plans to impose 25% duties on a slew of US agricultural commodities such as soybeans, wheat, corn, cotton, …

Russia preparing trade response to US

Russia preparing trade response to US

Russia has started to consider measures to introduce retaliatory duties on the US, Russia's Deputy Minister of Industry and Trade Viktor Evtukhov said. Speaking about terms, the deputy minister said that it …

Georgia's external trade increases by 16% this year

Georgia's external trade increases by 16% this year

Georgia's external merchandise trade amounted to $1 683.5 million in January-February 2018, excluding non-declared trade (16.3% higher year-on-year), according to GeoStat. The exports equaled $446.4 million (25.5% higher), …

VTB Bank completes acquisition of stake in Magnit

VTB Bank completes acquisition of stake in Magnit

Russia’s VTB Bank said that it acquired 29.099996% of shares in Magnit through subsidiary VTB Infrastructure Investments LLC. On February 16, VTB spent $2.5 billion on a 29.1% stake in Russian supermarket chain Magnit, …

Floating market set to open in Dubai - media

Floating market set to open in Dubai - media

Dubai is set to get its very own floating market, which will open along the Bur Dubaiside of Dubai Creek this May.  BeYouLand market will be made up of 17 abra-style boats that will bob on the Creek's …

Azerbaijan opens trade representative office in China

Azerbaijan opens trade representative office in China

The opening ceremony of Azerbaijan’s trade representative office was held in Beijing on yesterday. The ceremony was attended by Azerbaijan's Economy Ministry minister Shahin Mustafayev. The minister noted that …

Eurasian Intergovernmental Council meeting opens in Yerevan

Eurasian Intergovernmental Council meeting opens in Yerevan

The Eurasian Intergovernmental Council meeting in a narrow format is being held in Yerevan.  Prime ministers of the Eurasian Economic Union member countries (Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan) have arrived in the …