Archive for the ‘Trade Policy’ Category

News, Trade Policy, United States

December 18, 2023

In a bid to address concerns over increased reliance on China, Senator Joe Manchin, Chair of the Senate Energy and Natural Resources Committee, is calling for Congress to vote on reversing recent Treasury Department guidance related to electric vehicle (EV) tax credits. This guidance, issued earlier this month, has the potential to make it easier […]

News, Trade Policy

December 18, 2023

The Organization for Economic Cooperation and Development (OECD) has urged Brazil to take steps to enhance the potential growth of its economy by addressing mandatory spending and trade barriers, according to its latest Economic Survey of Brazil.   The OECD’s report pointed out that Brazil has made little progress in implementing the organization’s advice from […]

Europe, News, Trade Policy

December 13, 2023

The Directorate-General for Trade (DG Trade) of the European Union (EU) has announced a significant expansion of its online Trade Assistant for Services and Investment. This expansion now encompasses a hundred service sectors and includes four key trading partners of the EU: Canada, Japan, Switzerland, and the United Kingdom.   EU-based businesses can now access […]

China, News, Trade Policy, United States

December 12, 2023

In a bipartisan effort, a U.S. congressional committee has issued an extensive set of recommendations aimed at reshaping America’s economic relationship with China. These legislative proposals for 2024 are intended to prevent the United States from becoming overly dependent on its primary geopolitical rival and to safeguard its economic interests.   The comprehensive recommendations put […]

Brazil, News, Trade Policy

December 12, 2023

In a significant move aimed at advancing South American integration and enhancing trade while reducing transportation time to Asia, the Brazilian government has successfully orchestrated the raising of $10 billion from multilateral and development banks for infrastructure projects.   The Brazilian development bank, BNDES, is set to contribute $3 billion to this endeavor, primarily for […]

Chile, News, Trade Policy

December 12, 2023

Chile has taken a significant step in the realm of international trade and environmental conservation by formally accepting the Agreement on Fisheries Subsidies. On December 12th, Chile’s Undersecretary of International Economic Relations, Claudia Sanhueza Riveros, presented the instrument of acceptance to Director-General Ngozi Okonjo-Iweala at the World Trade Organization (WTO).   Director-General Okonjo-Iweala welcomed Chile’s […]

China, News, Trade Policy

November 6, 2023

China’s trade data for October has delivered a mixed picture, with imports unexpectedly increasing while exports contracted at a faster pace than anticipated. These figures underscore the challenges faced by the world’s second-largest economy, despite recent signs of improvement in domestic demand. While Beijing’s support measures have contributed to a tentative economic recovery, ongoing issues […]

News, Trade Policy

October 31, 2023

In a recent development, the U.S. International Trade Commission (ITC) has unanimously voted in favor of addressing concerns related to paper file folder imports from China, India, and Vietnam, acknowledging their impact on domestic file folder manufacturers in the United States. This decision aligns with the determinations made by the U.S. Department of Commerce in […]

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 […]

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. […]

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 […]

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 […]

News, Trade Policy

October 19, 2023

Ambassador Usha Dwarka-Canabady of Mauritius, the facilitator of the Work Programme on Electronic Commerce at the World Trade Organization (WTO), conducted a dedicated session on October 18th to gather member input on the forthcoming 13th Ministerial Conference (MC13). During the meeting, Ambassador Dwarka-Canabady reported on her consultations with WTO members regarding potential outcomes at MC13 […]