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Dazu reuters.com weiter: GENEVA/WASHINGTON, March 11 (Reuters) – South Korea won a partial victory against the United States in a World Trade Organization ruling on Friday that found fault with the method used to calculate U S . UPDATE 1-South Korea scores partial win in washer trade dispute with U.S.. duties imposed on Korean-made washing machines that are deemed to be subsidized and unfairly priced. weiterlesen …

Dazu meldet nypost.com weiter: LONDON — As North Korea grappled with a massive famine in the 1990s, scientists were working at an elite institute to find ways to boost then-leader Kim Jong-il’s longevity — and his libido, a defector said on Friday . Kim Jong-il assembled elite team of scientists to improve his erections. In the early 1990s, scientists were sent to Denmark to find ways to improve the tenderness of weiterlesen …

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IMF questions Algeria about licences system and oil crisis

The International Monetary Fund (IMF) advised Algeria to release growth capacities out of public sector and male private sector the leader of the endeavour.

The IMF asked for explanations about licences system, foreign investment rule in Algeria and reasons why there no progress in negotiations about Algeria’s adherence to the World Trade Organization (WTO).

Algeria’s trade minister Bakhti Belaib gave a set of explanations to Middle East Advisor at the IMF on his visit to Algiers as part of annual talks with member states.

In their meeting, the two officials talked about relations between the IMF and Algeria and the current economic situation with falling oil prices. They also dealt with importing licences system, foreign investment rule in Algeria known as the 51-41 rule. Competition in domestic market and Algeria’s adherence to the WTO, exports promotion were discussed as well.

According to sources at the trade ministry, the IMF’s representative rose a set of questions about Algeria’s economic trends as oil prices fall.

The minister gave explanations and answers, saying Algeria experiences a trade deficit estimated at around $10 billion. Because of that, “protective measures” were imposed including importing licences system.

Speaking about the 51-49 rule, Belaib said it does not direct foreign investment but it encourages partnership in various fields.

As for adherence to the WTO, he said “priority is given to revise some points in the association agreement. Then, the adherence process will be relaunched. In this regard, hindrances are mainly caused by the European Union.”

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