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Archive for the ‘News’ Category

Mexican President to Engage with Chinese and U.S. Counterparts at APEC Summit

Bilateral Trade Relation, China, News, United States

November 14, 2023

In a significant diplomatic development, Mexican President Andres Manuel Lopez Obrador is slated to meet Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. This high-level meeting signifies a rare international trip for President Lopez Obrador, who has predominantly focused on domestic matters.   Additionally, the Mexican President is scheduled […]

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. […]

UK and Florida Strengthen Trade Ties, Eye Broader US Deal

News, Trade Agreements, United Kingdom

November 14, 2023

In a significant move to bolster trade and investment ties, British Business and Trade Secretary Kemi Badenoch signed a memorandum of understanding with Florida Governor Ron DeSantis. This collaborative effort aims to enhance business relations between the United Kingdom and Florida, the fourth largest U.S. state. Badenoch expressed optimism about ongoing negotiations with the U.S. […]

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 […]

Spain Demonstrates Commitment to Sustainable Fisheries with EUR 2 million Contribution to WTO Fund

News, Sustainable Trade

November 13, 2023

In a significant step towards supporting global efforts to ensure the sustainability of our oceans and combat overfishing, Spain has announced a generous contribution of EUR 2 million (approximately CHF 1.9 million) to the WTO Fisheries Funding Mechanism. The donation aims to assist developing and least-developed country members in implementing the historic Agreement on Fisheries […]

U.S. Initiates Purchase of 1.2 million Barrels of Oil for Strategic Petroleum Reserve

Geopolitics, News, United States

November 13, 2023

The United States has unveiled plans to acquire 1.2 million barrels of oil, aiming to replenish its Strategic Petroleum Reserve (SPR). The announcement was made by the Department of Energy on Monday.   According to the department, the intended purchase involves sourcing oil at an average price of $77.57 per barrel from two companies, following […]

Indo-Pacific Trade Talks Require Further Deliberation

News, Trade Agreements

November 13, 2023

U.S. Treasury Secretary Janet Yellen revealed on Monday that negotiations pertaining to the trade section of the Indo-Pacific Economic Framework (IPEF) will necessitate additional work, marking a setback for the Biden administration’s aspirations of announcing substantial progress this week.   Addressing a news conference, Yellen acknowledged “very substantial progress” across three of the four key […]

Singapore and Malaysia Forge Ahead with Joint Special Economic Zone in Johor State

Bilateral Trade Relation, Malaysia, News, Singapore

November 13, 2023

Singapore and Malaysia have embarked on a collaborative endeavor to establish a Special Economic Zone (SEZ) in Malaysia’s Johor state, strategically located adjacent to the Singaporean border. This initiative aims to fortify economic ties and bolster connectivity between the two nations, especially in the face of global economic challenges. Malaysia has set a tight deadline […]

U.S. Commerce Chief Raimondo to Hold Talks with Chinese Counterpart Wang at APEC

News, Trade Relations, United States

November 13, 2023

  In the midst of high-stakes negotiations between U.S. President Joe Biden and Chinese President Xi Jinping, the commerce chiefs of the United States and China are set to convene at the Asia Pacific Economic Cooperation (APEC) forum this week.   A spokesperson from the U.S. Commerce Department confirmed that U.S. Commerce Secretary Gina Raimondo […]

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 […]

Ukraine Boosts Grain Deliveries to Black Sea Ports Through Successful Export Corridor

Agricultural Trade, News, Ukrain

November 10, 2023

In a recent development, Ukraine has witnessed a significant increase in the number of rail wagons transporting grains to the ports in the Odesa region. This positive trend is attributed to the successful operation of an alternative Black Sea export corridor, as reported by a senior official from Ukrainian Railways.   Valeriy Tkachov, the Deputy […]

United States Re-Opens Its Market to Paraguayan Beef Exports After 25-Year Pause

Agricultural Trade, News, United States

November 9, 2023

In a significant development, the United States is set to resume importing beef from Paraguay after a hiatus lasting a quarter of a century. This eagerly awaited decision was announced by the U.S. embassy in Paraguay on Thursday, following an extensive regulatory review process.   President Santiago Pena hailed this milestone as a momentous occasion, […]

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