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Archive for the ‘News’ Category

Taiwan Anticipates Stronger Q3 Economic Growth, Fueled by Domestic Consumption and Export Recovery

Economic Development, News, Taiwan

October 27, 2023

In a recent poll conducted by Reuters, economic experts have forecasted a notable uptick in Taiwan’s economic growth for the third quarter of the year. This optimistic outlook is primarily attributed to resilient domestic consumption and a tentative rebound in exports, marking a positive shift for Taiwan’s trade-dependent economy.   According to the survey of […]

China’s Graphite Export Restrictions Stir Global EV Battery Supply Chain Concerns

China, News, Supply Chain

October 27, 2023

Beijing’s recent move to impose export restrictions on graphite has raised significant concerns within the global electric vehicle (EV) battery supply chain. While China has stated that these restrictions are not specific to any particular sector, industry experts and insiders have highlighted potential challenges, especially for foreign manufacturers of EV battery components who have not […]

Reform Proposals Underway to Revive WTO Dispute Settlement System by Early 2024

News, Trade Policy

October 26, 2023

World Trade Organization (WTO) members are actively considering reform proposals aimed at addressing concerns raised by the United States, with some calling this effort the “last chance” to rejuvenate the WTO’s capacity to resolve trade disputes effectively.   The draft reform proposals, revealed exclusively to Reuters, represent a significant endeavor to mend the WTO’s beleaguered […]

U.S. Business Delegation Explores Post-Brexit Prospects in Northern Ireland Amid Political Uncertainty

Ireland, News, Trade Policy, United States

October 26, 2023

A U.S. business delegation, dispatched to Northern Ireland by President Joe Biden, has embarked on a mission to uncover the economic potential brought about by the region’s unique post-Brexit trade arrangements. These arrangements, established under the Windsor Framework Agreement, grant Northern Ireland dual access to both the United Kingdom and the European Union goods markets. […]

U.S. International Trade Commission Considers Import Ban on Apple Watches in Ongoing Masimo Patent Dispute

International Trade, News, United States

October 26, 2023

In a recent development, the U.S. International Trade Commission (ITC) has taken a step that could potentially result in a ban on the import of Apple Watches, as it found that these devices infringe on the patent rights of medical technology firm Masimo. This decision stems from an earlier ruling in January where a judge […]

EU Member States Collaborate to Enhance Export Control Coordination for Sensitive Technologies

Europe, International Trade and Export, News

October 26, 2023

In a concerted effort to safeguard sensitive technologies from unauthorized access, the European Commission has taken significant steps to improve the coordination of export controls at the EU level. This initiative aims to prevent critical technologies from falling into the wrong hands.   A significant milestone was achieved with the publication of the first compilation […]

South Korea’s Stronger-Than-Expected Economic Growth Supports Rate Stability

Economic Development, News, South Korea

October 25, 2023

South Korea’s economy has surpassed expectations in the third quarter, with growth primarily driven by exports. This robust performance reinforces the argument for the central bank to maintain its current interest rates in the coming months.   According to data from the Bank of Korea, Gross Domestic Product (GDP) expanded by 0.6% in the July-September […]

German Chip Equipment Supplier Faces Export Hurdles Amidst Tightened China Scrutiny

Germany, News, Trade Policy

October 25, 2023

In a recent development, Süss MicroTec, a leading German chip-making equipment supplier, has revised its sales forecasts downwards for the second time in just three months. The company attributes this revision to heightened government controls affecting exports to China, which have created significant disruptions in its operations and financial outlook. Consequently, the news sent shockwaves […]

U.S. Trade Representative Shifts Digital Trade Approach in Favor of Regulation

Digital Trade, News, United Arab Emirates

October 25, 2023

  In a notable change of approach, U.S. Trade Representative Katherine Tai has decided to withdraw longstanding U.S. digital trade demands in World Trade Organization (WTO) negotiations. The move is aimed at providing Congress with more flexibility to regulate large technology companies effectively. The proposals, initially put forth by the Trump administration in 2019, had […]

China Strengthens Diplomatic Ties with Long-Standing U.S. Ally Colombia

China, Colombia, International Trade, News

October 25, 2023

In a significant diplomatic development, China has elevated its relations with Colombia to a strategic partnership, marking a deepening of its engagement with one of the United States’ oldest allies in the region. This move underscores China’s ongoing efforts to expand its influence and solidify its presence in Latin America. The decision to upgrade their […]

Global Oil Traders Explore Opportunities in Venezuelan Market as U.S. Sanctions Ease

News, Trade Policy, United States

October 24, 2023

Following the recent relaxation of U.S. energy sanctions on Venezuela, global energy traders are swiftly entering negotiations to purchase Venezuela’s crude and fuel oil stocks. Sanctions in place since 2019 had largely restricted Venezuela’s state-run oil company, PDVSA, from exporting its products to desired markets. However, the six-month relaxation of these measures has opened the […]

WTO’s Senior Officials Meeting Sets Stage for Progress Ahead of MC13

International Trade, News

October 24, 2023

In a two-day gathering, senior trade officials at the WTO have provided positive signals that negotiators in Geneva are poised to achieve significant outcomes at the upcoming 13th Ministerial Conference (MC13) scheduled for early next year. The meeting, chaired by WTO Director-General Ngozi Okonjo-Iweala and General Council Chair Ambassador Athaliah Lesiba Molokomme of Botswana, was […]

Canada and Taiwan Conclude Bilateral Investment Deal, Bolstering Economic Ties

Canada, International Trade, News, Taiwan

October 24, 2023

Canada and Taiwan have successfully concluded negotiations for a bilateral agreement aimed at enhancing foreign investment. Canadian Trade Minister Mary Ng and the Taiwanese government announced their commitment to ensuring the swift implementation of this accord.   Taiwan, in its pursuit of greater diplomatic and moral support from major Western democracies, including Canada, faces increasing […]

Dutch Lawmakers Raise Concerns Over New US Export Restrictions on ASML Chip Machine

International Trade, News, United States

October 24, 2023

Dutch lawmakers have questioned the Netherlands’ Trade Minister regarding the recent unilateral imposition of new export rules by the United States affecting ASML Holding, Europe’s largest tech firm.   The U.S. announced last week that it would exercise the right to restrict the export of ASML’s Twinscan NXT1930Di chipmaking machine to China if it contains […]

Historic Agreement on Fisheries Subsidies Nears Entry into Force as WTO Members Step Up Acceptance

Economic Development, News

October 23, 2023

In a significant move towards the realization of the historic Agreement on Fisheries Subsidies, seven WTO member countries formally accepted the agreement on October 23rd, bringing the much-anticipated entry into force one step closer. The ratification ceremony took place during the two-day Senior Officials Meeting held at the WTO’s headquarters in Geneva. Albania, Australia, Botswana, […]

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