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New WTO Training Program Focused on Empowering African Trade

October 30, 2023

Daisy

Africa, International Trade, News

0

In a significant step towards enhancing Africa’s role in global trade, the World Trade Organization (WTO) has launched a comprehensive regional course. This initiative, primarily focused on deepening the understanding of WTO agreements within the African trade policy context, marks a notable advancement in integrating the continent more effectively into the global trading system.   […]

EU Announces 6 Billion Euro Assistance Package to Support Reforms in the Western Balkans, Aiding Trade Integration

October 30, 2023

Daisy

Europe, International Trade, News

0

The European Union (EU) has unveiled an ambitious plan to provide a substantial investment of 6 billion euros ($6.4 billion) to support the Western Balkan countries in their quest for reforms and eventual integration into the EU. This development was announced by Ursula von der Leyen, the President of the European Commission, during her visit […]

European Gas Prices Surge Amidst Disruption in Supply Chain

October 30, 2023

Daisy

Europe, News, Supply Chain

0

European gas markets experienced a significant surge in prices, with the Dutch TTF gas futures index rising by nearly 7% to reach â‚ ¬54 per megawatt-hour. This substantial increase marks the highest level since mid-February and has raised concerns regarding supply stability.   The catalyst for this price hike comes as Egypt reported a complete […]

G-7 Nations Unite to Support Resilient Supply Chains for Energy and Food Amid Global Challenges

October 29, 2023

Daisy

News, Supply Chain

0

Trade and economy officials from the Group of Seven (G-7) wealthy democracies reaffirmed their commitment on Sunday to collaborate in ensuring the smooth functioning of supply chains for essential goods such as energy and food, despite prevailing global uncertainties.   In a joint statement, these nations pledged to uphold “a free and fair-trading system based […]

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

October 27, 2023

Daisy

Economic Development, News, Taiwan

0

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

October 27, 2023

Daisy

China, News, Supply Chain

0

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

October 26, 2023

Daisy

News, Trade Policy

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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

October 26, 2023

Daisy

Ireland, News, Trade Policy, United States

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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

October 26, 2023

Daisy

International Trade, News, United States

0

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

October 26, 2023

Daisy

Europe, International Trade and Export, News

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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

October 25, 2023

Daisy

Economic Development, News, South Korea

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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

October 25, 2023

Daisy

Germany, News, Trade Policy

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In a recent development, SÁ ¼ss 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 […]

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

October 25, 2023

Daisy

Digital Trade, News, United Arab Emirates

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  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

October 25, 2023

Daisy

China, Colombia, International Trade, News

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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

October 24, 2023

Daisy

News, Trade Policy, United States

0

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 […]

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