Archive for the ‘International Trade’ Category

  In a significant diplomatic move, New Zealand Prime Minister Christopher Luxon has announced his upcoming visit to Sydney on Wednesday to meet with Australian Prime Minister Anthony Albanese. This visit underscores the commitment of both nations to enhancing their security and economic cooperation.   Luxon, who took office as prime minister earlier this month, […]

International Trade, Japan, Malaysia, News

December 16, 2023

In a significant move aimed at enhancing regional security and cooperation, Japan and Malaysia have officially sealed a security assistance deal, underlining their commitment to bolstering maritime security in the face of evolving challenges, including regional dynamics related to China.   On Saturday, the foreign ministers of Japan and Malaysia signed the agreement, which includes […]

Australia, International Trade, News

December 16, 2023

Australia’s government expressed confidence on Sunday that the punitive tariffs imposed by China on Australian wine in 2021 would be removed early next year, providing a significant boost to Australian winemakers.   Trade Minister Don Farrell conveyed his optimism in an interview with Sky News television, stating, “I would be very confident that early in […]

Indonesia, International Trade, Japan, News

December 16, 2023

In a significant development aimed at fostering stronger economic ties, Indonesia and Japan have successfully concluded negotiations on protocols to enhance their bilateral economic agreements, as announced by Indonesia’s Foreign Minister Retno Marsudi on Saturday.   Under these agreements, Japan has committed to granting greater market access to Indonesian products. This includes the removal of […]

International Trade, News

December 13, 2023

On December 13, the Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, and the Managing Director of the International Finance Corporation (IFC), Makhtar Diop, unveiled a jointly published report titled “Trade Finance in the Mekong Region.” The report underscores the critical need to expand trade finance in the Mekong-3 countries, namely Cambodia, Lao People’s […]

International Trade, News

December 11, 2023

In a recent virtual agriculture symposium titled “Illicit Trade in Food and Food Fraud,” Deputy Director-General of the World Trade Organization (WTO), Jean-Marie Paugam, highlighted the crucial role of WTO rules in addressing the issue of illegal food trade. Paugam emphasized that the WTO’s rulebook provides a legal framework for international food trade, making it […]

International Trade, News

December 9, 2023

 A collaborative report from the International Renewable Energy Agency (IRENA) and the World Trade Organization (WTO), released on December 9th, sheds light on the global hydrogen trade landscape and the policies required to escalate green hydrogen production. Green hydrogen, produced exclusively from renewable energy sources, has emerged as a pivotal element in the transition away […]

In a significant move aimed at bolstering national security, the U.S. Treasury has announced a formal agreement with Mexico’s finance ministry to cooperate on enhancing the screening of foreign investments. This collaborative effort includes the regular exchange of information regarding best practices in investment security.   The Biden administration has been actively promoting Mexico as […]

International Trade, News

December 7, 2023

A recently launched joint report titled “Digital Trade for Development” delves into the potential opportunities and challenges those developing economies may encounter in the realm of digital trade. This collaborative publication involves five prominent international organizations: the International Monetary Fund (IMF), the Organization for Economic Co-operation and Development (OECD), the United Nations Conference on Trade […]

Africa, Europe, International Trade, News

December 6, 2023

In a recent study conducted by the German Economic Institute (IW), it has been suggested that the European Union (EU) should collaborate with African countries to revamp the World Trade Organization’s (WTO) subsidy regulations. This strategic move aims to counteract market distortions caused by China’s subsidies and its diplomatic influence.   The IW, a respected […]

China, International Trade, News

December 6, 2023

In a recent report released by Chinese customs authorities, it was revealed that China’s exports in November experienced a modest increase of 0.5% compared to the same period in the previous year. Simultaneously, imports registered a slight decline of 0.6%, presenting an intriguing snapshot of China’s trade dynamics.   This unexpected performance in the export […]

Canada, International Trade, News

December 6, 2023

Canada has reported a trade surplus larger than anticipated, amounting to C$2.97 billion ($2.19 billion) in October, according to data from Statistics Canada. This surplus comes as exports experienced a slight increase, while imports registered a significant decline.   Analysts participating in a Reuters poll had forecasted a trade surplus of C$1.60 billion. September’s surplus […]

In a bid to prevent import tariffs on electric vehicles (EVs) traded between the European Union (EU) and the United Kingdom (UK), the EU has put forth a proposal for a three-year extension to the tightening of trade rules, originally slated to take effect next year.   The EU and the UK represent each other’s […]

International Trade, News

December 1, 2023

In a momentous development, two prominent international organizations have come together to address urgent global challenges. The World Trade Organization (WTO) and the United Nations Food and Agriculture Organization (FAO) have recently forged an agreement to strengthen their cooperation and collaboration in areas encompassing food and agricultural trade and climate change. This agreement, signed on […]