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Archive for the ‘International Trade’ Category

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. […]

Australia Anticipates Easing of Trade Barriers with China

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 Anticipated to Sustain Trade Surplus in October

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 […]

WTO-WIPO Colloquium Empowers Intellectual Property Educators in Geneva

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 and EU Commerce Officials Engage in Fruitful Discussions on Trade Relations, EVs, and More

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 […]

US and Indonesia Explore Potential Partnership for EV Mineral Trade

Indonesia, International Trade, News, United States

November 12, 2023

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 […]

WTO to Spotlight Trade’s Vital Role in Climate Action at COP28 in Dubai

International Trade, News

November 9, 2023

In a significant move, the World Trade Organization (WTO) is gearing up to emphasize the pivotal role of trade policies in combating climate change at the upcoming UN COP28 Climate Change Conference in Dubai, scheduled from November 30 to December 12. A dedicated portal has been launched to provide information about the WTO’s involvement in […]

EU Aims to Resolve U.S. Steel Dispute, Hoping for Year-End Agreement

Europe, International Trade, News, United States

November 9, 2023

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. […]

Taiwan and Britain Forge New Trade Partnership, Strengthening Global Ties

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 […]

Western Miners Seek Premium Pricing for Rare Earth Metals to Diversify from China

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 […]

U.S. Lawmakers Call for Tariff Increase on Chinese-Made Vehicles

China, International Trade, News, United States

November 8, 2023

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, […]

Japan Records Strong Current Account Surplus as Trade Returns to Positive Territory

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 Stock Exchange (IDX) Commences Carbon Trading Operations

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 Sets Year-End Deadline for Key Decision on EU Negotiations

Europe, International Trade, News, Switzerland

November 8, 2023

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 […]

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