European Union
Crucial negotiations between European Union (EU) foreign ministers and Turkey over Ankara's long-awaited membership bid have hit a roadblock, with a deal on the Turkish accession talks unlikely to be reached in the near future. The talks are crucial for the EU's relations with the Muslim
European Union
The World Trade Organization has ruled that the US continues to break global trade rules with tax breaks benefiting Boeing Co., General Electric, and other major exporters. The EU, which first challenged US tax laws at the WTO in 1998, can now punish US firms with trade sanctions unless Congress
European Union
The World Trade Organization (WTO) has dealt a significant blow to the United States' efforts to shield giant aircraft manufacturer Boeing from international competition. After a six-year battle, the WTO panel declared that the US subsidy scheme, known as the American Jobs Creation Act, violates international trade rules. The
European Union
Diplomats in Vienna have delayed a vote on a motion to refer Iran to the UN Security Council over its nuclear program, citing concerns about strong opposition from a dozen member nations, including Russia and China. This decision comes as the International Atomic Energy Agency (IAEA) board meeting concludes, with
European Union
The European Union on Tuesday called on the International Atomic Energy Agency (IAEA) to report Iran's nuclear issue to the UN Security Council and General Assembly, citing Article 12 of the IAEA Statute. France, Germany, and Britain presented a draft resolution to IAEA board members, urging the agency
European Union
The World Trade Organization (WTO), long a target of criticism from activists and politicians alike, has made a significant step towards transparency by opening a dispute panel to public view for the first time in its 10-year history. This decision, made by the United States, the European Union, and Canada,
European Union
The European Union is considering a plan to export 2-2.5 million tonnes of surplus sugar onto the global market, a move that could exacerbate tensions with other sugar-exporting countries. This decision comes despite a World Trade Organisation ruling that such exports are illegal. The European Commission will recommend the
European Union
The agreement reached between China and the European Union to allow clothing shipments has saved European retailers from empty shelves this autumn. Despite welcoming the deal, retailers are concerned about the bureaucracy that will slow the process and warn that buyers might avoid China in the coming years due to
European Union
European Union trade officials met with their Chinese counterparts in Beijing on Sunday to discuss a festering dispute over garment shipments, but failed to reach an agreement on the eve of a summit led by British Prime Minister Tony Blair. EU Trade Commissioner Peter Mandelson expressed optimism about resolving the
European Union
China is facing mounting pressure from both the United States and Europe to restrict its textile exports, as trade disputes intensify ahead of President Hu Jintao's visit to the White House on September 7. The arrival of American negotiators in Beijing has underscored the complexities of the issue,
European Union
Peter Mandelson, the European trade commissioner, proposed a solution to the ongoing dispute over Chinese textile imports on Sunday, promising to release 80 million Chinese-made sweaters, trousers, and bras held up in European ports within a month. The proposal comes after a team of European negotiators has been in Beijing
European Union
As the sole EU commissioner for the UK, Peter Mandelson finds himself at the center of a maelstrom of criticism for disrupting the retail purchasing cycle and stripping shelves of Christmas bra-and-knicker sets with his textile export quotas on China. A 20-year veteran of British and European Union politics, Mandelson
