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October 23, 2023

Daisy

Economic Development, News

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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, […]

Australian Prime Minister Anthony Albanese has announced his upcoming visit to China from November 4 to 7, where he will meet with President Xi Jinping and Premier Li Qiang. The visit aims to restore stability to relations between Australia and its largest trading partner.   This visit to Beijing and Shanghai marks a significant diplomatic […]

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested €12.5 billion (approximately $13.2 billion) in financial assistance from the European Union, as per a document seen by Reuters. The request aims to secure support to mitigate the potential challenges posed by […]

October 20, 2023

Daisy

Malaysia, News, Trade Agreements

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At the ASEAN-GCC Summit held in Saudi Arabia, Malaysia’s Prime Minister, Anwar Ibrahim, unveiled a groundbreaking proposal for the creation of a free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC). This visionary agreement, if realized, would mark a historic first between ASEAN nations and the […]

October 20, 2023

Daisy

Europe, Germany, International Trade, News

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In a significant move to empower developing and least-developed economies (LCDs) in the realm of global trade negotiations, the German government has pledged EUR 500,000 (approximately CHF 480,000). This generous contribution was formalized through the signing of a Memorandum of Understanding by Germany’s Alternate Permanent Representative to the World Trade Organization (WTO), Bettina Waldmann, on […]

October 20, 2023

Daisy

China, International Trade, News, Sri Lanka

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In a recent development, China has expressed its willingness to assist Sri Lanka without imposing any political conditions and has also pledged to increase its imports from the island nation. Chinese President Xi Jinping conveyed this commitment during a meeting with Sri Lankan President Ranil Wickremesinghe in Beijing, as reported by state media.   This […]

Bipartisan efforts are underway in the U.S. Senate to introduce legislation aimed at strengthening the enforcement of oil sanctions on Iran. Senator Joni Ernst, a Republican, is leading the charge for this bill, set to be unveiled on Monday. The proposed legislation seeks to establish a $150 million Iranian sanctions enforcement fund specifically designated for […]

In a recent development, China has expressed its willingness to assist Sri Lanka without imposing any political conditions and has also pledged to increase its imports from the island nation. Chinese President Xi Jinping conveyed this commitment during a meeting with Sri Lankan President Ranil Wickremesinghe in Beijing, as reported by state media.   This […]

In a bid to foster cooperation and tackle trade disputes, European Council President Charles Michel emphasized the need for the European Union and the United States to work together to find mutually beneficial solutions. This statement comes as top EU officials embark on a diplomatic mission to Washington with the aim of reaching agreements that […]

October 19, 2023

Daisy

News, Trade Policy

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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 […]

October 19, 2023

Daisy

Agricultural Trade, News

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The International Trade Council brings into focus the ongoing crisis faced by the global grain market due to the unyielding low water predicaments on the Mississippi River, despite NOAA’s forecasts of potential drought improvement in the Southern US over the coming winter.   The National Oceanic Atmospheric Administration (NOAA) highlighted in its recent U.S. winter […]

October 18, 2023

Daisy

News, Trade Policy

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In a significant development, WTO Director-General Ngozi Okonjo-Iweala has announced the appointment of Johanna Hill from El Salvador as the new Deputy Director-General (DDG). Ms. Hill’s appointment comes as Anabel González of Costa Rica departs after serving as DDG for two years.   Johanna Hill currently serves as the Managing Partner and Founder of the […]