China has passed the US as the world’s biggest trading nation as measured by the sum of exports and imports in 2012. It’s a position the US has held for over six decades. ­US exports and imports of goods last year amounted to $3.82 trillion, the US Commerce Department said last week. China’s trade in goods was $3.87 trillion, according to the country’s customs administration report in January. While... 

Argentina says it will file a complaint with the World Trade Organization against the United States as the protectionism dispute between the two business partners escalates, Press TV reports. Argentine Foreign Ministry said in a statement on Tuesday that the South American country will lodge a complaint with the Geneva-based organization over US “illegal” import policies. Argentina says it has... 

Iran bans imports of goods from 100 European firms Iran reportedly plans to ban imports from European companies as part of its countersanctions against the European Union (EU). Deputy President of Iran Trade Promotion Organization Sasan Khodaei confirmed that Iran has banned imports from 100 European countries. In an interview with Press TV on Wednesday, Khodaei said Tehran has imposed sanctions against... 

Russia has banned the import of all fresh vegetables from the European Union because of the E. coli outbreak centred on Germany. The country’s chief medical officer said EU-produced vegetables would be seized across Russia. More than 1,500 people have been infected by enterohaemorrhagic E. coli (EHEC), which can cause the deadly haemolytic-uraemic syndrome (HUS). Seventeen people have died...