China says U.S., EU need to do more on Doha Round
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The main stumbling block in the Doha  Round of global trade talks is the failure of the United States  and European Union to make substantial concessions on  agriculture, China's commerce minister said on Monday.
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The United States sees potentially  escalating trade friction with China next year as Beijing is  stepping up restrictions on foreign investment and recent U.S.  Congressional elections create uncertainty, a U.S. trade  official said on Friday.
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India, Brazil and other large  developing countries &quot;need to step up&quot; in world trade talks and  make the market-opening concessions needed to reach a deal, a  top U.S. official said on Wednesday.
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The House of Representatives urged  China on Wednesday to open its market to more U.S. banks,  insurance companies and other financial services, and demanded  the White House push Beijing harder on the issue.
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The European Union urged China  on Monday to open its markets to help redress a &quot;huge&quot; trade  surplus with the bloc and called on it to ratify a key rights  covenant.
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BEIJING -- The United States and China are launching a new high-level economic dialogue meant to repair relations soured by trade tensions, U S Treasury Secretary Henry Paulson and a Chinese leader said yesterday.
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Treasury Secretary Henry Paulson told Congress on Wednesday that the Bush administration was doing all it could to get China to move more quickly on currency reform in the face of a soaring U.S. trade deficit.
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European Union and U.S. lawmakers must  work more closely if a project to cut transatlantic red tape  and expand trade is to succeed, an EU official said on  Thursday.
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The U.S., European Union and Canada said they planned to ask the W.T.O. to investigate whether China has unfairly raised tariffs on imported auto parts.
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China will buy more American-made products and crack down harder on people who steal intellectual property, a Foreign Ministry spokeswoman said yesterday amid growing discontent in the United States over a soaring trade deficit with Beijing.
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XIANGHE, China  - The United States and China agreed they need to take steps to boost growth and keep their economies in balance, U.S. Treasury Secretary Henry Paulson said on Thursday.
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The European Union called on China at a summit to rein in its textile exports after international quotas are scrapped next year.
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Trade ministers from a key group   of developing nations pressed the United States and the   European Union on Saturday for more concessions to help break   deadlocked global trade talks.
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The U.S. and China set up several study groups and made general pledges, but did not specifically address Americaâs demand that China stop undervaluing its currency.
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U.S. Treasury Secretary Henry Paulson urged China on Thursday to work toward a freely floating exchange rate to help disarm critics of Beijing's trade and currency policies.
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The Bush administration accused China today of failing to meet commitments to the World Trade Organization.
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China faces a backlash of &quot;impatience and anger&quot; if Beijing fails to take action to balance its increasingly lopsided trade relations with the European Union, EU trade chief Peter Mandelson warned Tuesday.