“Today’s determination is another example of the international community’s strong and steady commitment to convince Iran to meet its international obligations.”

Kerry said the nine nations; China, India, Malaysia, South Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan, are on the exemption list because those countries have significantly reduced oil imports from Iran.

The top US diplomat also called the Tehran government to take “concrete actions” to address the concerns of the international community over the Islamic state’s controversial nuclear program, warning that otherwise it would face “increasing isolation and pressure.”

US’ export to China would at least triple from the current level to reach 530 billion USD, according to a report compiled by the China-United States Exchange Foundation, the China Center for International Economic Exchanges, China’s Ministry of Commerce, and the U.S.-based Center for Strategic and International Studies.

Exports to China would create a GDP worth 460 billion USD for the United States, as well as create more than 3.34 million jobs, an increase of 2.63 million compared to 2010.

If the United States loosened its export restrictions on high-tech and energy products, the export volume could be much higher, the report said.

The report said the US service trade exports to China had grown five folds during 2000 and 2010 in the sectors of legal, consulting, financial and accounting services.

Huge potential for export growth still existed, it said.

At a symposium marking the release of the Chinese version of the report, US Ambassador to China Gary Locke said bilateral trade had exceeded 1 billion USD daily.

“The Chinese and US economies are highly complementary”, he said.

source : aa.com.tr

The spokesman for the Ministry of Commerce Shen Danyang said on Wednesday, “Economic ties underpin the China-EU relationship, which China hopes will not be affected by trade frictions in the solar panel industry,”  adding that China was ready to sit down with the European side for more discussions on solar panel prices.

Shen said that China has noticed the EU reduced the proposed rate from 47.6 percent to 11.8 percent and looked forward to seeing more sincerity and flexibility from the European side for a solution acceptable to both parties.

On Tuesday, the European Commission announced its decision to introduce anti-dumping duties on solar panels imported from China. An interim punitive duty of 11.8 percent will apply to all Chinese solar panel imports starting from Thursday, and the duty will be raised to an average of 47.6 percent two months later if the two sides fail to find a solution.

Meanwhile, German Economy Minister Philipp Rosler said that the European Union’s decision was “a huge mistake”.