ITC votes for duties on China tubular steel case PDF Print E-mail
Written by Stumo   
Wednesday, 30 December 2009

You've got to enforce the rules.  China doesn't think the rules apply to them.

An American trade panel gave final approval Wednesday for duties of 10 to 16 percent on Chinese-made steel pipe in the biggest United States trade case to date against China.

The International Trade Commission voted 6-0 in favor of the duties set by the Commerce Department to offset Chinese government subsidies.

The United States imported $2.74 billion of the “oil country tubular goods” from China in 2008, more than triple the previous year, as a surge in oil prices led to increased demand for the oil well pipe.

More from the WSJ.

The ruling, which will likely result in duties of between 10% and 16% on future imports of Chinese steel pipes used to drill for natural gas and oil, is the latest in a string of trade decisions against China... . The steel-pipe case is the ITC's biggest ever by dollar amount... .

USTR knows that China is a problem.  The 2009 National Trade Estimate with regard to China (PDF file) said this:

Through the first few years after China’s accession to the WTO, China made noteworthy progress in adopting economic reforms that facilitated its transition toward a market economy. However, beginning in 2006 and continuing throughout 2007 and 2008, progress toward further market liberalization began to slow. It became clear that some Chinese government agencies and officials have not yet fully embraced key WTO principles of market access, nondiscrimination, and transparency.

 
CPA Congressional Election Project PDF Print E-mail
Written by Stumo   
Wednesday, 30 December 2009

CPA will be providing important data for the 2010 election on Congressional districts across the country.  We are working on the project now at our Worldwide Conglomerate Headquarters (WCH for short).  But here is an interesting map on the CPA website where you can zoom in and out of Congressional districts from afar.

 
China Willing to Spend Big on Afghan Commerce PDF Print E-mail
Written by LNC   
Wednesday, 30 December 2009

The following article by Michael Wines appeared in the NY Times here yesterday.

KABUL, Afghanistan — Behind an electrified fence, blast-resistant sandbags and 53 National Police outposts, the Afghan surge is well under way.

But the foot soldiers in a bowl-shaped valley about 20 miles southeast of Kabul are not fighting the Taliban, or even carrying guns. They are preparing to extract copper from one of the richest untapped deposits on earth. And they are Chinese, undertaking by far the largest foreign investment project in war-torn Afghanistan.


Read more...
 
Earth-Friendly Elements, Mined Destructively PDF Print E-mail
Written by LNC   
Monday, 28 December 2009

The following article appeared in the NY Times and can be found here. 

GUYUN VILLAGE, China — Some of the greenest technologies of the age, from electric cars to efficient light bulbs to very large wind turbines, are made possible by an unusual group of elements called rare earths. The world’s dependence on these substances is rising fast.

Just one problem: These elements come almost entirely from China, from some of the most environmentally damaging mines in the country, in an industry dominated by criminal gangs.


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Indian Iron Ore Export Tax Increase - More Resource Hoarding PDF Print E-mail
Written by LNC   
Monday, 28 December 2009

The following article appeared in Steel Market Intelligence, a publication of Michelle Applebaum Research Inc. 

Summary
 
Yesterday, the Indian Finance Ministry announced an increase in export taxes on iron ore. We believe that this move is a direct shot at Chinese steelmakers, who are bidding up spot ore prices to record levels and most probably accumulating inventories ahead of attempted price negotiations with the iron ore majors. This move is also another example of what we call “resource hoarding” – countries placing export restraints on key raw materials, which is trade distorting and illegal under WTO.

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