Archive for the ‘International Trade’ Category

Australia, China, International Trade, News

November 14, 2023

Australia expressed optimism on the potential removal of all remaining trade barriers with China by the upcoming month, highlighting improving relations between the two significant trading partners. This positive outlook follows Prime Minister Anthony Albanese’s recent visit to Beijing.   The Albanese administration has been proactive in mending Australia’s relationship with China since taking office […]

Indonesia, International Trade, News

November 13, 2023

Indonesia is expected to maintain its trade surplus at $3 billion in October, according to a Reuters poll conducted between November 8 and November 14. This figure represents a slight narrowing compared to the previous month’s surplus of $3.42 billion. The Southeast Asian nation has experienced a weakening trade surplus in recent months, primarily attributed […]

International Trade, News

November 13, 2023

The 19th edition of the colloquium for intellectual property (IP) educators commenced on November 13 in Geneva. Co-hosted by the World Intellectual Property Organization (WIPO) and the World Trade Organization (WTO), this capacity-building event, spanning until November 24, has brought together 27 IP educators and researchers from various corners of the globe. The annual colloquium’s […]

China, Europe, International Trade, News

November 12, 2023

In a significant development, China’s Commerce Minister, Wang Wentao, engaged in substantive discussions with Thierry Breton, the EU’s industry chief, on various crucial topics related to China-EU trade relations and technological cooperation. The talks, described as “in-depth,” covered a wide range of issues, highlighting the growing importance of the China-EU economic relationship on the global […]

In a significant development, the United States and Indonesia are set to engage in discussions regarding a potential minerals partnership focused on boosting the trade of nickel, a crucial component in electric vehicle (EV) batteries. The talks are slated to take place as Indonesian President Joko Widodo visits the White House for a meeting with […]

The European Commission is actively pursuing an agreement with the United States regarding steel and aluminum trade, with the goal of ending U.S. import tariffs on these metals by the close of the year. Commission Vice President Vera Jourova made this announcement, underscoring the European Union’s determination to find a resolution.   Negotiations between U.S. […]

International Trade, News, Taiwan

November 8, 2023

In a significant development, Taiwan and Britain have inked an Enhanced Trade Partnership, signaling their intent to deepen economic cooperation. The move is poised to fortify Taiwan’s position in global trade and enhance its diplomatic relationships with European nations.   Taiwan places great importance on its alliance with Britain, despite the absence of formal diplomatic […]

China, International Trade, News

November 8, 2023

Several Canadian, German, and Australian mining companies are aiming to secure premium prices for critical metals, such as rare earths, used in electric vehicles (EVs) and renewable energy sources. Their goal is to offer alternatives to China, which currently dominates the production and pricing of these vital minerals.   China’s control over 95% of rare […]

A bipartisan group of U.S. lawmakers is urging the Biden administration to raise tariffs on Chinese-made vehicles and explore measures to prevent Chinese firms from exporting vehicles to the United States through Mexico. In a letter addressed to U.S. Trade Representative Katherine Tai, Representative Mike Gallagher, a Republican who chairs a select committee on China, […]

International Trade, Japan, News

November 8, 2023

Japan has reported its largest current account surplus in 18 months for September, thanks to a positive swing in the trade balance and significant gains from overseas investments, according to data from the Ministry of Finance (MOF).   The current account surplus for September reached 2.72 trillion yen ($18.03 billion), slightly below the economists’ median […]

Indonesia, International Trade, News

November 8, 2023

In a significant move aligning with Indonesia’s proactive stance toward achieving ambitious emission reduction goals of 31.89 percent by 2030, the Indonesia Stock Exchange (IDX) officially launched carbon trading operations on September 26, 2023. This step follows the issuance of a carbon exchange license by the Financial Services Authority (OJK) on September 18, 2023, and […]

Switzerland has made a significant step toward shaping its future relationship with the European Union, with plans to determine its negotiating position by the year’s end. The Swiss government revealed this intention on Wednesday as it proceeds with efforts to regulate its ties with the EU, its largest trading partner.   Since April 2022, Bern […]

International Trade, News

November 7, 2023

In a recent gathering of experts and stakeholders at the 24th session of the Agriculture Market Information System (AMIS) Global Food Market Information Group, held at the World Trade Organization (WTO) headquarters on November 6-7, the importance of accurate and timely information regarding international agriculture markets was emphasized. Keynote speaker Edwini Kessie, Director of the […]

International Trade, News

November 6, 2023

In an effort to promote gender inclusivity and a better understanding of the link between trade and gender issues, the World Trade Organization (WTO) recently completed a two-day training course for government officials from Geneva-based permanent missions. This unique training initiative aimed to equip delegates, including trade officials, counsellors, and ambassadors, with the knowledge and […]

In an effort to strengthen economic ties between the United States and China, U.S. Treasury Secretary Janet Yellen is scheduled to meet with Chinese Vice Premier He Lifeng in San Francisco this week. This meeting aims to foster a budding economic dialogue between the world’s two largest economies in anticipation of a U.S.-hosted summit of […]