Xinhua world economic news summary at 0900 GMT, Sept. 16

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WASHINGTON -- U.S. Trade Representative (USTR) Robert Lighthizer said Tuesday that the administration will resume duty-free treatment of Canadian aluminum based on the expectations that imports will decline sharply in the last four months this year.

In early August, U.S. President Donald Trump announced in a presidential proclamation his decision to re-impose a 10-percent tariff on imports of non-alloyed unwrought aluminum from Canada, noting that imports surged over the past few months and threaten U.S. national security. (US-Canada-Aluminum Tariff)

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NEW YORK -- Oil prices gained on Tuesday as an expected landfall of Hurricane Sally on the U.S. Gulf Coast disrupted energy production in the area.

The West Texas Intermediate for October delivery climbed 1.02 U.S. dollars to settle at 38.28 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery advanced 92 cents to 40.53 dollars a barrel on the London ICE Futures Exchange. (US-Hurricane Sally-Oil Price)

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YANGON -- Myanmar's Planning, Finance and Industry Ministry extended the effective period of exemption of advance income tax on exports late Tuesday.

To lessen the impact of COVID-19 on the businesses in the country, the ministry previously announced the exemption of the two percent withholding tax or advance income tax from April 1 to Sept. 30. (Myanmar-Tax-Exemption)

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BERLIN -- The indicator of economic sentiment in Germany continued to increase in September and rose by 5.9 points compared to the previous month to 77.4 points, according to the monthly expert survey published by the Leibniz Center for European Economic Research (ZEW) on Tuesday.

"Stalled Brexit talks and rising COVID-19 cases could not dampen the positive mood," said ZEW President Achim Wambach, adding that "experts continue to expect a noticeable recovery of the German economy." (Germany-ZEW-Economic Outlook) Enditem

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