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As large economies expand further, powerful rivalry may emerge and lead to trade disputes or conflicts. While the United States and Europe now seem to be going down this traditional route, China and India are commendably taking a different, more positive #8216;Asian way.#8217;
The United States ruled that American catfish farmers and computer chip manufacturers were subjected to unfair foreign competition and ordered stiff tariffs on imports of Vietnamese catfish and South Korean computer chips.
NEW Zealand, as a major producer of meat products, is keen to pursue the concept of Malaysia as a hub for halal meat products, according to New Zealand Minister for Trade Negotiations and Agriculture Jim Sutton.