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Susan C. Schwab United States Trade Representative

Article from: The China Business Review Article date: November 01, 2008 Author: Schwab, Susan C

This year marks the 30th anniversary of China's freemarket economic reforms and the 35th anniversary of the founding of the US-China Business Council (USCBC). In three brief decades, these economic reforms have fundamentally transformed China and laid the foundations for its emergence as a key player in the global economy. During this period of dramatic change, the USCBC and its members have played major roles in expanding US-China trade, maintaining stable economic ties during times of political turbulence, urging China's accession to the World Trade Organization (WTO), working to secure ...

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Global Trade Talks Collapse

Posted Jul 30, 08 4:32 AM CDT in World,  Business 

Global Trade Talks Collapse
Source: AP Photo

(Newser) – World Trade Organization talks to forge a new global trade pact collapsed yesterday after seven years of negotiations. An EU spokesman called the breakdown a "massive blow to the confidence in the global economy." The talks fell apart as China and India demanded the authortity to impose "safeguard" tariffs if imports of key crops exceeded set levels, reports the Wall Street Journal. 

"In the face of the global food crisis, it's unconscionable that this came down to how much countries could raise their barriers to imports of food," said a US trade representative. But negotiators from large developing countries argued that Washington wanted more access to developing economies without making adquate sacrifices to benefit those nations.

More about:  China • India • Brazil • free trade • Max Baucus • tariffs • Geneva • subsidies • Globalization • free trade agreements • World Trade Organization. • global food crisis • Doha Round

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