Subscribe free to our newsletters via your
. Earth Science News .




TRADE WARS
US finance chief to raise China currency on Asia trip
by Staff Writers
Washington (AFP) Nov 08, 2013


US Treasury Secretary Jack Lew will raise concerns about China's trade policies and seek headway on an Asian trade pact during a visit next week.

Lew will start a trip Tuesday to Japan then visit three other countries in the Trans-Pacific Partnership negotiations -- Singapore, Malaysia and Vietnam -- before talks Friday in Beijing, the Treasury Department said Friday.

"In China, he will discuss progress on the reform agenda and efforts to level the playing field for US workers and business," a Treasury Department statement said.

Lew will also speak with China about enforcement of sanctions on Iran and North Korea over their disputed nuclear programs, it said.

The Treasury Department last week charged that China's yuan currency remains undervalued, which gives the manufacturing superpower a trade advantage.

But the Treasury stopped short of branding China a currency manipulator, a designation that could trigger sanctions.

President Barack Obama's administration has preferred quiet diplomacy with China and the yuan has gradually been rising, largely in response to inflationary concerns.

But in recent months, the Obama administration has been vocal in pressing China to crack down on theft of intellectual property, which a report this year said was costing US industry billions of dollars a year.

The United States has generally supported an aggressive push by Japanese Prime Minister Shinzo Abe to boost the world's third-largest economy, although US lawmakers have also voiced concern about the depreciation of the yen.

Abe has brushed aside concerns by Japanese farmers to enter talks on the Trans-Pacific Partnership, a US-driven effort to create a vast free-trade zone.

The pact would bring together the economies of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

The countries, which account for more than one-third of the global economy, have called for an agreement by the end of the year but several officials have admitted publicly that the goal is unrealistic.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
China's October exports rise better-than-expected 5.6%
Beijing (AFP) Nov 08, 2013
Chinese exports grew faster than expected in October, data showed Friday, adding to signs the economy is picking up but analysts cautioned that global headwinds could still block any further improvement. The General Administration of Customs said overseas shipments expanded 5.6 percent year-on-year to $185.4 billion last month, reversing a 0.3-percent fall in September. It is also ahead of a ... read more


TRADE WARS
Survivors desperate for aid in typhoon-ravaged Philippines

Space technologies boost disaster reduction int'l co-op

How to Manage Nature's Runaway Freight Trains

Uruguay to pull peacekeepers from Haiti: president

TRADE WARS
Highly stable quantum light source for applications in quantum information systems

Quantum 'sealed envelope' system enables 'perfectly secure' information storage

London Metal Exchange announces warehouse shake-up

Monkeys use minds to move two virtual arms

TRADE WARS
Malaysian police arrest tribespeople protesting dam

Veolia reports sales slip, shares surge

The nitrogen puzzle in the oceans

Rising temperatures challenge Salt Lake City's water supply

TRADE WARS
The Arctic ceases to be a 'province'

Search on for oldest antarctic ice in hunt for ancient climate clues

Stowaways threaten fisheries in the Arctic

The search for the oldest ice cores

TRADE WARS
Improved legume technologies can boost entire farming system from the ground up

Health benefits of wild blueberries abound: Study

Researchers slam palm oil initiative as industry meets

China exchange hatches plan for egg futures

TRADE WARS
600,000 were evacuated as typhoon nears Vietnam: officials

One of most intense typhoons ever recorded hits Philippines

More than 10,000 feared dead in typhoon-ravaged Philippines

Improving earthquake early warning systems for California and Taiwan

TRADE WARS
Controversial Tanzanian anti-poaching drive to continue: Kikwete

African leaders discuss rapid-deployment emergency force

Hong Kong firm debuts in Africa with $104m S.African deal

Tanzania halts anti-poaching drive after abuse claims

TRADE WARS
Scientists tracking Brazilian wildlife find ancient cave paintings

Study: Humans made sophisticated stone tools earlier than thought

Did hard-wired fear of snakes drive evolution of human vision?

Hair regeneration method is first to induce new human hair growth




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement