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Archive for the ‘Trade Policy’ Category

Tariff Adjustments Spark Trade Dialogue Between U.S. and China in Aviation Sector

China, News, Trade Policy, United States

April 28, 2025

The aviation industry has become a focal point in U.S.-China trade discussions, as both nations recognize the importance of stable commercial relations amid shifting tariff policies. Recent developments involving aircraft deliveries and supply chain logistics are encouraging renewed dialogue on fostering a balanced and resilient trade environment.   According to China’s Ministry of Commerce, U.S. […]

U.S. Strengthens Trade Fairness with New Tariffs on Chinese Aluminum Containers

News, Trade Policy, United States

April 28, 2025

In a move that reinforces the principles of fair international trade, the United States has announced new antidumping and countervailing duties on aluminum containers, trays, and lids imported from China. The decision, based on findings by the U.S. International Trade Commission (USITC), highlights the importance of addressing unfair pricing practices and government subsidies that can […]

Tariff Shifts Drive U.S. Steel Demand, Boosting First-Quarter Industrial Earnings

News, Trade Policy, United States

April 28, 2025

Recent changes in U.S. trade policy, particularly related to steel tariffs, have contributed to a stronger-than-expected earnings report for a major player in the metals sector operating across the Americas. The company’s core earnings for the first quarter surpassed market forecasts, driven largely by rising demand and increased inventory activity in North America.   While […]

U.S. Auto Tariff Policy Sparks Opportunities in Global Trade

News, Trade Policy, United States

March 26, 2025

The recent announcement of a 25% tariff on imported cars and light trucks in the United States is set to reshape the global automotive trade landscape. This policy aims to enhance domestic manufacturing while also encouraging international businesses to explore new trade partnerships and investment strategies.   Industry experts see this as a potential catalyst […]

South Korea Unveils Record $249 Billion Trade Policy Financing to Support Exporters

News, South Korea, Trade Policy

February 17, 2025

In an effort to support South Korean exporters, Acting President Choi Sang-mok announced a landmark plan to provide 360 trillion won (approximately $249.3 billion) in trade policy financing. The initiative aims to help businesses navigate the challenges posed by evolving global trade dynamics and increasing pressures from U.S. tariff policies.   At a cabinet meeting […]

WTO Advanced Trade Policy Course Underway in Geneva

News, Switzerland, Trade Policy

October 24, 2024

An exciting opportunity is unfolding in Geneva, where 27 government officials from developing and least-developed countries are participating in the Advanced Trade Policy Course from October 14 to December 6. This eight-week program, organized by the WTO, aims to empower participants with essential knowledge of international trade and enhance their understanding of WTO agreements and […]

New Export Duty on Parboiled Rice Proposed to Streamline Trade

News, Trade Policy

July 10, 2024

In a strategic move to streamline rice exports, the government is considering setting a fixed export duty of $100 per tonne on parboiled rice. This proposal aims to address issues of under-invoicing by exporters who currently face a 20% levy on this variety of rice.   A committee, named the Rice Federation Consulting Committee, has […]

Indonesia Aims for OECD Membership to Boost Trade Prospects

Indonesia, News, Trade Policy

February 28, 2024

Indonesia is eyeing membership in the Organization for Economic Co-operation and Development (OECD) within the next two to three years, with the aim of enhancing its trade landscape, a senior cabinet minister announced Wednesday.   As Southeast Asia’s largest economy, Indonesia sees OECD membership as a strategic move to attract increased investment and foster beneficial […]

WTO Director-General Urges Members to Forge Consensus as MC13 Nears Conclusion

News, Trade Policy

February 28, 2024

As the 13th Ministerial Conference (MC13) in Abu Dhabi approaches its closing session, WTO Director-General Ngozi Okonjo-Iweala commended members for the significant progress achieved during the intensive three-day meeting. With less than 24 hours remaining, she urged ministers to intensify their efforts and bridge remaining gaps on critical issues.   Speaking at a meeting of […]

Iceland Boosts Participation of Least-Developed Countries in WTO Ministerial Conference

News, Trade Policy

February 25, 2024

In a gesture of support for inclusivity and equitable representation, Iceland has announced a contribution of CHF 20,000 to facilitate the participation of government officials from least-developed countries (LDCs) in the upcoming 13th WTO Ministerial Conference (MC13). Set to take place from 26 to 29 February in Abu Dhabi, United Arab Emirates, MC13 holds significant […]

European Commission Unveils Plans to Strengthen EU Economic Resilience

Europe, News, Trade Policy

January 23, 2024

In an effort to bolster the economic resilience of the European Union, the European Commission is set to reveal comprehensive plans that highlight increased scrutiny of foreign investments and stricter controls on exports and technology outflows, with a particular focus on rivals like China. The EU executive will present an extensive document for discussion, accompanied […]

Renowned Scholar Cheong In-kyo Appointed as South Korea’s New Trade Minister

News, South Korea, Trade Policy

January 10, 2024

Cheong In-kyo, a distinguished scholar in global trade, has been appointed as Korea’s new trade minister, marking a significant development in the realm of international commerce. With a strong background in economic security and extensive experience in crucial free trade agreement negotiations, Cheong is poised to make a notable impact in his new role.   […]

Spain Ensures Policy Continuity with Cuerpo’s Appointment as Economy Minister

News, Spain, Trade Policy

December 29, 2023

  In a strategic move signaling continuity in economic policies, Spanish Prime Minister Pedro Sanchez has appointed Carlos Cuerpo as the new Economy and Trade Minister, succeeding the outgoing Nadia Calvino. Cuerpo, a 43-year-old close ally of Calvino, affirmed in his inaugural speech that his approach would align with the successful policies of his predecessor. […]

U.S. Extends Steel and Aluminum Tariff Rate Quotas for European Union, Reflecting Biden Administration’s Economic Priorities

News, Trade Policy, United States

December 28, 2023

In a significant update, U.S. Secretary of Commerce Gina M. Raimondo issued a statement following President Biden’s signing of two Presidential Proclamations, prolonging the European Union’s access to U.S. tariff rate quotas (TRQs) for steel and aluminum for an additional two years.   Secretary Raimondo underscored President Biden’s economic agenda, which places a strong emphasis […]

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