Trade


    • EU, China step up cooperation

      EU, China step up cooperation

      From 1 to 3 April 2019, an EU delegation led by EU Commissioner for the Environment, Maritime Affairs and Fisheries, Karmenu Vella is visiting China to continue and deepen EU - China environmental bilateral relations. The Commissioner will meet several Chinese ministers to discuss shared priorities related to water and circular economy, wildlife and forest protection, the EU-China Ocean Partnership, and the fight against illegal fishing.

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    • China-US trade talks progress

      China-US trade talks progress

      China has made unprecedented proposals in talks with the United States on a range of issues including forced technology transfer as the two sides work to overcome remaining obstacles to a deal to end their protracted trade war, US officials told Reuters on Wednesday. Yet, sticking points remain.

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    • US-China resume trade talks

      US-China resume trade talks

      US officials will travel to China next week to resume face-to-face talks aimed at ending a trade war between them, the White House announced on Saturday. Chinese officials will visit US for further talks in Washington in the beginning of April, as well.

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    • EU is open to cooperation with China, despite concerns over unfair trade practices

      EU is open to cooperation with China, despite concerns over unfair trade practices

      EU foreign policy chief Federica Mogherini and Chinese Foreign Minister Wang Yi on Monday stressed common intention for cooperation, despite EU concerns over unfair Chinese trade practices, news wires reported. Wang met in Brussels with EU foreign ministers, saying the event is the first of its kind in the 44-year history of Chinese relations with the EU. The meeting aimed to prepare an EU-China summit on 9 April.

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    • US to deprive Turkey,  India from trade privileges

      US to deprive Turkey, India from trade privileges

      Under the order of President Donald Trump, the US will scrap the preferential trade status granted to India and Turkey, news wires reported on Monday. The US trade chief's office said in a statement that Washington “intends to terminate India's and Turkey's designations as beneficiary developing countries under the Generalised System of Preferences (GSP) programme because they no longer comply with the statutory eligibility criteria”. Under this programme, certain products can enter the US duty-free if countries meet eligibility criteria including “providing the US with equitable and reasonable market access”.

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    • Saudi Arabia strikes $10bn China deal

      Saudi Arabia strikes $10bn China deal

      Saudi Arabia's Crown Prince Mohammed bin Salman got a great deal with China as Saudi Aramco signed off on a $10bn refinery and petrochemical project with two Chinese companies hours before the meeting with President Xi Jinping to wrap up his two-day visit culminating on Friday.

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    • Global trade growth to slide further in 2019

      Global trade growth to slide further in 2019

      A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organisation said on Tuesday, 19 February.

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    • US-China trade talks resume next week, focus on intellectual property

      US-China trade talks resume next week, focus on intellectual property

      US negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports. A new round of trade talks begins in Beijing on Monday, after the most recent set of negotiations concluded in Washington last week without a deal and with the top US negotiator declaring that a lot more work needed to be done.

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    • UN warns of currency  wars with global impact

      UN warns of currency wars with global impact

      Currency wars, widespread protectionism and billion-dollar losses could arise if the US and China fail to settle their trade differences before 1 March, the UN warned in a new study. Published by the UN Conference on Trade and Development (UNCTAD) on 4 February, the report said that while some countries would see a surge in exports, negative global effects were likely to dominate.

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    • EESC backs ambitious WTO reform

      EESC backs ambitious WTO reform

      In its opinion adopted on 24 January, the European Economic and Social Committee (EESC) is calling for an ambitious reform of the World Trade Organisation (WTO) in order to overcome the current crisis. In the last few years, WTO's role has been compromised by increasing protectionism and major changes in the structure of international trade. 

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