Canada Updates Iran Sanctions – The Canadian Foreign Affairs Minister has announced that the new sanctions against Iran will ban all imports and exports due to concern over Iran’s human rights abuses and continued support for terrorism. The ban includes exemptions for food, medicine, medical equipment and other humanitarian goods.
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India, Thailand Ready for FTA – The Prime Ministers of India and Thailand are rushing to resolve outstanding issues for an India-Thailand Free Trade Agreement (FTA). Both countries are planning massive improvements in infrastructure in the next five years and will support each other’s economic development.
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Vietnam Prime Minister Seeks Unity – Vietnam’s Prime Minister has called for unity among Southeast Asian countries. Territorial disputes between the six Asian claimants could cause conflicts that lead to interruption in international trade flow. Unifying the counties will implement a “strategic trust.”
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U.S. Wheat Imports Suspended in Japan – Japan has suspended some imports of U.S. wheat after discovering that genetically engineered wheat was being farmed. The European Union says it will test incoming American shipments and block all genetically modified wheat.
Read more from The New York Times