U.S., China reach ‘understanding’ on high-tech goods tariffs: ObamaNovember 11, 2014 - 09:44 AMT PanARMENIAN.Net - President Barack Obama says the United States and China have reached an "understanding" in negotiations to eliminate tariffs on high-tech goods, the Associated Press reports. Obama said Tuesday, Nov 11, the breakthrough would help bring talks on the Information Technology Agreement to a "rapid conclusion." Obama made the announcement during a meeting with leaders attending an Asia-Pacific economic summit in Beijing. U.S. officials say the progress with China includes an agreement to eliminate tariffs on goods like medical devices, semi-conductors and other high-tech instruments. The White House did not put a specific timeline on finalizing a broader agreement through the World Trade Organization. Talks on the Information Technology Agreement broke down last summer. U.S. Trade Representative Michael Froman says the deal would mark the first major tariff reduction agreement by the WTO in 17 years. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. Armenia not going to war over Karabakh, says Pashinyan Armenia is not preparing to fight a war for Nagorno Karabakh, Prime Minister Nikol Pashinyan said in an interview. |