Poor Nations Exempt Till 2013
The World Trade Organization extended until July 2013 an exemption from intellectual property rules for the world's poorest countries.
The extension applies to trademarks, copyrights, trade secrets and geographical names indicating place of origin. It does not apply to patents on pharmaceuticals, but the least-developed countries are already exempt from those until 2016.
WTO Panel Rejects Mexican Appeal
A World Trade Organization panel ruled that Mexico unfairly imposed antidumping tariffs on U.S. rice, rejecting a Mexican appeal against a previous ruling.
Mexico imposed the tariffs on U.S. white long-grain rice in June 2002, claiming that it was being sold in Mexico at unfairly low prices, damaging Mexican producers.
U.S. officials raised the issue before the WTO a year later. In its ruling, the appellate body said Mexico must bring its measures into line with WTO rules.
Mexico is the largest foreign market for U.S. rice, having imported $103 million worth in 2002.
U.S. Talks Disappoint British Airways
Talks between the European Union and the United States on a new aviation agreement were a "disappointment," British Airways Chairman Martin F. Broughton said.
He described negotiations on an air services agreement designed to bring down trade barriers as "tinkering at the edges."
E.U. airlines still face protectionist measures such as U.S. ownership rules and the U.S. insistence that all government workers use American carriers when they travel in Europe, Broughton said.
7.5% Growth Predicted This Year
Prime Minister Manmohan Singh said India's economy will grow 7.5 percent this fiscal year and perhaps 10 percent in subsequent years because of a stronger agriculture sector.
Industry and services have increased 8 percent a year in recent years, but overall economic growth has averaged around 7 percent because of sluggish farm output.
Compiled from staff and news service reports.