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Archive for the ‘International Trade’ Category

Global Efforts to Decarbonize Steel Industry Receive Strong Backing at COP28

International Trade, News

December 1, 2023

In a significant development, key players from standard-setting bodies, international organizations, steel producers, and industry associations have united to endorse a set of principles aimed at revolutionizing the measurement of greenhouse gas emissions within the steel sector. The momentous partnership, known as the Steel Standards Principles, received a warm welcome from Director-General Ngozi Okonjo-Iweala on […]

China and Vietnam Explore Railway Upgrade Through Rare Earths Region

China, International Trade, News, Vietnam

November 30, 2023

China and Vietnam are engaged in discussions to potentially enhance their underdeveloped railway connections, with the aim of bolstering a rail line that traverses Vietnam’s rare earths-rich region and connects to the country’s primary northern port. Senior officials and diplomats have confirmed these talks, which coincide with preparations for a potential visit to Hanoi by […]

China Initiates Review of Anti-Subsidy Tariffs on Australian Wine Imports

China, International Trade, News

November 30, 2023

In a significant development aimed at improving relations between China and Australia, China has officially announced its intention to review the anti-dumping and anti-subsidy tariffs imposed on Australian wine imports. This long-anticipated move is seen as a crucial step towards easing tensions and enhancing trade cooperation between the two nations.   China’s Commerce Ministry issued […]

Taiwanese Auto Parts Manufacturer Expands to U.S. Amidst Global Challenges

International Trade, News, Taiwan, United States

November 30, 2023

In response to evolving global dynamics and supply chain uncertainties, Hota Industrial Mfg. Co, a renowned Taiwanese auto parts manufacturer, is making a strategic shift by establishing its first manufacturing facility in the United States. For decades, Hota has been a key supplier of gears, shafts, and other automotive components to major foreign car manufacturers […]

Bolivia to Secure Full Membership in Mercosur Trade Bloc

International Trade, News

November 29, 2023

In a significant development, Bolivia is poised to become a full-fledged member of the South American Mercosur trade bloc, following the approval of its admission by the Brazilian Senate on Tuesday. This crucial step towards bolstering regional trade ties is expected to be formally ratified during a regional summit scheduled for December 7 in Rio […]

European Union Boosts Global Fisheries Sustainability with EUR 1 Million Contribution to WTO Fund

Europe, International Trade, News

November 23, 2023

In a landmark move to promote sustainable marine fisheries, the European Union has generously donated €1 million to the World Trade Organization’s Fisheries Funding Mechanism. This multi-year contribution, presented by Ambassador João Aguiar Machado to WTO Director-General Ngozi Okonjo-Iweala, is a significant step toward assisting developing and least-developed members in implementing the Agreement on Fisheries […]

Vietnam and Japan to Explore New Horizons in Bilateral Relations During President Vo Van Thuong’s Tokyo Visit

International Trade, Japan, News, Vietnam

November 23, 2023

An upcoming visit by Vietnamese President Vo Van Thuong to Japan is poised to mark a significant chapter in the bilateral relations between Vietnam and Japan. This visit, slated for next week, will be President Thuong’s inaugural official trip to Japan and aligns with the 50th anniversary celebrations of diplomatic ties between the two nations. […]

Uruguay Strengthens Ties with China, Eyes Enhanced Trade Opportunities

China, International Trade, News

November 22, 2023

In a strategic move to expand its international trade relations, Uruguay has elevated its ties with China, aligning its level of engagement with that of its fellow Mercosur members, Brazil and Argentina. This development signifies Uruguay’s ambition to explore beneficial deals beyond its regional trade bloc, while China continues to deepen its connections in South […]

Biden Advocates for Enhanced Workers’ Rights and Stable US-China Relations at APEC Summit

China, International Trade, News, United States

November 16, 2023

At the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, President Joe Biden emphasized his commitment to furthering a Pacific trade pact, focusing on workers’ rights and maintaining stable relations with China. Addressing top corporate executives, Biden expressed determination to continue promoting trade that prioritizes strong labor standards.   Despite challenges in aligning the […]

Landmark Nuclear Deal Signed Between the United States and the Philippines

International Trade, News, Philippines

November 16, 2023

In a historic move, the United States and the Philippines have inked a groundbreaking agreement that opens the door for Washington to export nuclear technology and materials to Manila. This landmark deal signifies the Philippines’ exploration of nuclear power as a means to decarbonize its energy sector and enhance energy independence.   U.S. Secretary of […]

APEC Urged to Lead in Reshaping WTO’s Future at MC13

International Trade, News

November 16, 2023

In a recent address at the 2023 Asia Pacific Economic Cooperation (APEC) Leaders Meeting in San Francisco, Deputy Director-General Angela Ellard emphasized the crucial role of the World Trade Organization (WTO) in building a more open, dynamic, resilient, inclusive, and peaceful Asia-Pacific community. She called upon APEC to take the lead in reforming the multilateral […]

Indo-Pacific Partners Reach Agreement on Clean Energy and Anti-Corruption Measures

Indonesia, International Trade, News

November 16, 2023

In a significant development during the Asia Pacific Economic Cooperation (APEC) leaders’ summit in San Francisco, countries belonging to the U.S.-led Indo-Pacific Economic Framework (IPEF) announced consensus on two key pillars of the initiative. These pillars revolve around cooperation in clean energy and anti-corruption measures. Additionally, ministers from the 14 IPEF nations formally signed the […]

Mexico and China Strengthen Ties, Pledge to Boost Trade and Investment

China, International Trade, Mexico, News

November 16, 2023

During a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, leaders of Mexico and China reaffirmed their commitment to enhancing their bilateral relationship. They pledged to work together to strengthen ties, combat illegal drug trafficking, and promote increased trade and investment between their nations.   Chinese President Xi Jinping […]

Youth Trade Summit Spotlights Youth Contribution to Trade and Gender Discourse

International Trade, News

November 14, 2023

The Youth Trade Summit on Gender, held at the WTO on November 13-14, has set out to amplify the voices of young individuals, emphasizing their insights into women’s economic empowerment. In an unprecedented move, the WTO has orchestrated this groundbreaking event, gathering young participants from around the world, recognizing their pivotal role in shaping nations. […]

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