The trade arbiter’s 153 members, including China, agreed to examine whether trade rules can be used when a currency is artificially cheap, causing global imbalances, Azevedo said.
“What we’re looking for, in temporary circumstances, is the effect or the impact that certain currency misalignments may have on particular segments of one country’s economy,” he said today in a phone interview from Geneva. SOMETHING TO KEEP AN EYE OUT FOR - SO GO CHINA, SO GO KOREA AND VIETNAM JUST MY OPINION...
http://www.bloomberg.com/news/2011-11-16/wto-to-study-relationship-between-trade-exchange-rates-1-.html
“What we’re looking for, in temporary circumstances, is the effect or the impact that certain currency misalignments may have on particular segments of one country’s economy,” he said today in a phone interview from Geneva. SOMETHING TO KEEP AN EYE OUT FOR - SO GO CHINA, SO GO KOREA AND VIETNAM JUST MY OPINION...
http://www.bloomberg.com/news/2011-11-16/wto-to-study-relationship-between-trade-exchange-rates-1-.html
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