Robert Scott West was sentenced last week to 10 months home confinement, ordered to pay $100,000 in restitution to Phillips Lumileds Light Company and $5,000 in fines, announced United States Attorney Joseph P. Russoniello.

Doug Palmer reports for the Reuters news service that President Bush's trade negotiator Sue Schwabb wants to finish up negotiations for the Doha Round before Bush leaves office.

Russia and Libya agree on new contracts. Railway and gas projects will be part of the deal.

The secret of China's exporting success may lie in unfair production subsidies, according to new research presented at the Royal Economics Society annual conference by a team from The University of Nottingham's Globalisation and Economic Policy Centre (GEP).

Developing countries have welcomed WTO proposals to reduce barriers to farm trade but voiced reservations on those calling for a further opening of their own markets for industrial goods.

India's trade with the European Union has the potential to reach a whopping 572 billion dollars by 2015 once the FTA with the 27-nation bloc is implemented, Ficci says.

According to a revelation by Swedish Radio News, a secret international network of agents has been exposed to have been helping Swedish businesses trade overseas. Borfors, Saab and Ericsson were named.

Kostas said that with agreements for Protection and Promotion of Investments and Scientific and Technological Cooperation in place, institutional frameworks are getting firmly established between the two countries, he said. The countries are targeting doubling bilateral trade to one billion euros by 2010.

The head of the World Trade Organisation marked sixty years of the multilateral global trading system on Tuesday with a warning against any revival of protectionism.

China said it would veto a World Trade Organization compromise for liberalizing global commerce in manufactured goods if it failed to shield Chinese industries from foreign competition, a threat that brought a stern response from the European Union.

The 10-nation Association of Southeast Asian Nations (ASEAN) expects to sign a free trade agreement with India by the middle of next year.

Officials from the Federal Reserve on Saturday warned of dangers from a rising tide of trade disputes and the harmful impact on what one otherwise termed a "resilient" United States economy.