GHY Tradelines

span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-bidi-: EN-CAfont-family:Arial;font-size:85%;color:black;” (Globe and Mail – Kevin Carmichael)br //spanspan style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-bidi-: EN-CAfont-family:Arial;font-size:10;color:black;” br /strongThe resolve of the Group of 20 countries to stare down trade barriers is wavering./strongbr /br /The G20 declared early in its fight against the financial crisis it would resist the impulse to placate domestic interests, vowing to resist protectionism. Officials recognized the self-defeating effect that tariff walls had during the Great Depression.br /br /For the most part, the leaders of world’s major economies have remained true to their word. Global trade will increase 13.5% this year, according to the World Trade Organization, a feat that suggests shipping lanes have been left wide open.br /br /Still, trade friction between some nations is building.br /br /Lawmakers in the United States are scheduled to vote on legislation Wednesday that would allow companies to seek retribution for sales lost to international competitors that benefit from government manipulation of exchange rates. The bill is aimed squarely at China, which many unions and some companies blame for lost jobs, even though the country is the U.S.’s fastest-growing export market.br /br /“We’ve had a trend towards more disputes, as compared to the sort of businesslike flow which we had for the two to three years preceding the crisis,” WTO director-general Pascal Lamy conceded last week, according to a report on Forbes.com. Read more a href=”http://www.theglobeandmail.com/report-on-business/economy/despite-g20-pledge-global-trade-friction-heating-up/article1731322/”span style=”color:#0000ff;”here/span/a. /span

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(Economic Times)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”India at WTO today protested against escalating tariff and non-tariff barriers imposed by the on Indian goods and services including enhanced visa fee on Indian short-term services providers and the ban in Ohio on state outsourcing projects. /spanspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; mso-bidi-font-family: Arial”o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”New Delhi cautioned the USA on its recent trade initiatives, particularly the Anti-Counterfeit Trade Agreement (ACTA), saying “they contribute collectively to undermining not only the (Trade related Intellectual Property Rights) agreement but the multilateral trading system as well in some measure.” /spanspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; mso-bidi-font-family: Arial”o:p/o:p/span/pp style=”MARGIN: 0cm 0cm 10pt” class=”MsoNormal”span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”“The US, which is the undisputed leader of the global trade arena, needs to set the bar high for the other nations to emulate” instead of delaying compliance with trade rulings pronounced by the WTO’s dispute settlement body, it said. Read more a href=”http://www.myiris.com/newsCentre/storyShow.php?fileR=20100930100737199amp;dir=2010/09/30amp;secID=livenews”span style=”color:#0000ff;”here/span/a. o:p/o:p/span/p

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(Sidley Austin LLP)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”On September 15, the House of Representatives approved two bills aimed at bolstering U.S. manufacturing by requiring parts of the U.S. government to buy only U.S.-made products. Both bills would need to be approved by the Senate and signed by President Obama before they become law, but nonetheless signal a possible spate of “Buy American” legislation in the coming weeks. /spanspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; mso-bidi-font-family: Arial”o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”The bills are:br /br /1. The “Berry Amendment Extension Act,” which would require two agencies within the Department of Homeland Security to buy U.S.-made textiles, clothing, cotton and other related goods; andbr /br /br /2. The “Congressional Made in America Promise Act,” which requires goods and supplies used by Congress to be sourced in America, with limited exceptions. /spanspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; mso-bidi-font-family: Arial”o:p/o:p/span/pp style=”MARGIN: 0cm 0cm 10pt” class=”MsoNormal”span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”The bills are part of the broader “Make it in America” legislative initiative launched by the Democratic leadership in Congress, which has been under increasing pressure to stimulate U.S. job creation and manufacturing. The initiative is still under development but could also include the consideration of a China currency bill and other pro-U.S. manufacturing legislation (the Foreign Manufacturers Legal Accountability Act, H.R. 4678/S.1606, has been mentioned as a possibility) in the few weeks – perhaps only days – left before Congress adjourns for the mid-term elections. Read more a href=”http://www.sidley.com/newsresources/newsandpress/Detail.aspx?news=4564″span style=”color:#0000ff;”here/span/a. o:p/o:p/span/p

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(AFP via CommonDreams.org)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/pp style=”MARGIN: 0cm 0cm 10pt” class=”MsoNormal”span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”The World Trade Organization called on the United States on Wednesday to cut its farm subsidies, saying that they were so “considerable” that they could affect market prices. In a report analysing Washington’s policies since 2007, the trade body said that while promoting its exports, the United States should also reduce “distorting measures … including … support for agriculture.”br /br /The WTO noted that support granted to the sector under the multi-billion-dollar 2008 Farm Act are mostly “linked to prices and or production.” Thanks to this support, “producers of cereals, oilseeds, and cotton are effectively insulated from market prices while sugar and dairy have market price support programmes,” said the WTO. “The large size of the agriculture sector means that the absolute amount of support is considerable, varies from one year to another depending on prices, and can affect world prices,” it added. Read more a href=”http://www.commondreams.org/headline/2010/09/29-3″span style=”color:#0000ff;”here/span/a. o:p/o:p/span/p

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(Journal of Commerce Online – Joseph Bonney)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/pp style=”MARGIN: 0cm 0cm 10pt” class=”MsoNormal”emb style=”mso-bidi-font-weight: normal”span style=”LINE-HEIGHT: 115%; FONT-STYLE: normal; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial; mso-bidi-font-style: italic”Surface transported trade falls 12.3% from June to July/span/b/emb style=”mso-bidi-font-weight: normal”i style=”mso-bidi-font-style: normal”span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”br //span/i/bspan style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”br /The value of trade moving by surface transportation between the U.S. and Canada and Mexico totaled $61.3 billion in July, an 18% increase from a year earlier, but the business declined from June to July, the U.S. Department of Transportation reported Thursday.br /br /The value of surface transportation shipments between the U.S. and its NAFTA partners fell 12.3% in July from the previous month. The DOT’s Bureau of Trade Statistics noted that month-to-month changes can be affected by seasonal variations and other factors.br /br /U.S.-Canada trade totaled $36.3 billion in July, up 17.1% from a year earlier. U.S. surface trade with Mexico totaled $24.9 billion, up 21.5% from July 2009. Read more a href=”http://www.joc.com/logistics-economy/nafta-trade-value-climbs18-percent-july-2009″span style=”color:#0000ff;”here/span/a. o:p/o:p/span/p

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(Statistics Canada)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/pp style=”MARGIN: 0cm 0cm 10pt” class=”MsoNormal”span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”The volume of cargo carried by Canadian railways rose in July, as both commodity loadings in Canada and traffic received from the United States increased.br /br /Total freight traffic originating in Canada and received from the United States rose to 24.7 million metric tonnes, up 19.6% from July 2009. Compared with July 2009, freight loaded in Canada increased 17.4% to 22.3 million metric tonnes in July. The Canadian railway industry’s core transportation systems, non-intermodal and intermodal, both contributed to the rise in cargo loaded.br /br /Non-intermodal freight loadings, which are typically carried in bulk or loaded in box cars, rose 18.5% to 19.9 million metric tonnes. The commodity groups with the largest increases in tonnage were iron ores and concentrates, potash and iron and steel (primary or semi-finished). In contrast, several commodity groups registered declines. Loadings of lumber led the way, followed by wood pulp and other cereal grains.br /br /Intermodal freight loadings, transported through containers and trailers loaded onto flat cars, increased 8.3% to 2.3 million metric tonnes in July, compared with the same month the previous year.br /br /Rail freight traffic coming from the United States rose to about 2.5 million metric tonnes in July, up 44.3% from July 2009. Non-intermodal freight transported from the United States contributed to the increase.br /br /From a geographic perspective, 55.3% of the freight traffic originating in Canada was in the Western Division of Canada, with the remainder loaded in the Eastern Division. The Eastern and Western Divisions, for statistical purposes, are separated by an imaginary line running from Thunder Bay to Armstrong, Ontario. Freight loaded at Thunder Bay is included in the Western Division while loadings at Armstrong are reported in the Eastern Division. Read more o:p/o:p/span/p

span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-bidi-: EN-CAfont-family:Arial;font-size:85%;color:black;” (International Law Office – Penny S Bonner and Martha A Healey, Ogilvy Renault LLP)br //spanspan style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-bidi-: EN-CAfont-family:Arial;font-size:10;color:black;” br /On August 25 2010 Health Canada announced another consultation on regulations under the proposed Canada Consumer Product Safety Act.br /br /The intent of the proposed Administrative Monetary Penalties Regulations would be to provide details on how a penalty for a violation under the proposed act would be calculated, including ‘gravity factors’, weighting and penalty values. The regulations would:br /br /• contain information classifying violations as minor, serious or very serious;br /br /• identify how gravity factors of history and risk would be used to calculate the penalty; andbr /br /• provide for a range of penalties associated with the ‘total gravity values’.br /br /This new consultation is the fourth such consultation launched by Health Canada over the last few months. Even though Health Canada is releasing consultation documents (as opposed to actual draft regulations), this activity shows a clear intent to move actively forward, or be seen to be moving forward, with draft regulations for the proposed act. In turn, this may be a sign that Health Canada will push swift passage of the proposed act once Parliament returns from the summer recess in September.br /br /The consultation on the proposed Administrative Monetary Penalties Regulations is open for comment until November 7, 2010. Read more a href=”http://www.ogilvyrenault.com/en/resourceCentre_10602.htm”span style=”color:#0000ff;”here/span/a. /span