Trade

    • EU-Singapore trade agreement to enter into force on 21 November

      EU-Singapore trade agreement to enter into force on 21 November

      The EU-Singapore trade agreement will enter into force on 21 November after being endorsed last week by the Member States, the EU press service reported. Under the deal, Singapore will remove all remaining tariffs on EU products. The agreement also gives new opportunities for EU services' providers, among others in sectors such as telecommunications, environmental services, engineering, computing and maritime transport.

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    • China, France sign deals worth $15bn

      China, France sign deals worth $15bn

      French President Emmanuel Macron capped his second visit to China, which started in Shanghai on Monday, with a slew of deals worth more than $15bn in total and discussions on trade and the Iranian nuclear issue, with the French leader saying he also raised human rights issues with the Chinese president. Both sides also united on climate after US withdraws from Paris pact, declaring that it was "irreversible".

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    • Xi pledges wider market access, free-trade deals

      Xi pledges wider market access, free-trade deals

      President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must "knock down walls" as he opened an annual trade fair in Shanghai. Xi addressed an audience including French President Emmanuel Macron at the import exhibition, staged annually by China to show its willingness to free up its vast domestic markets in the face of criticism that they are too cosseted by Beijing.

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    • Trump announces 'first stage' of Japan trade deal

      Trump announces 'first stage' of Japan trade deal

      US President Donald Trump announced on Wednesday that Washington and Tokyo had taken a major step towards sealing a comprehensive new trade deal, after a year of negotiations between the global economic powers. Sitting next to Japanese Prime Minister Shinzo Abe, Trump said the leaders "formally announce the first stage of a phenomenal new trade agreement. The pact is a rare trade success for the president who has struggled to secure pacts with other trade partners, including China.

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    • US to hit China with new set of tariffs

      US to hit China with new set of tariffs

      In a sharp escalation of the Trans-Pacific trade war the US is on a way to impose fresh tariffs on a range of Chinese goods, news wires reported. Starting from 1 September, a renge of Chinese products will be hit with 15% duties worth billions of dollars. By the end of the year, Washington aims to impose tariffs on almost all Chinese imports into the US. Beijing reacted by saying it has "ample" means to retaliate, while also calling for both sides to continue trade negotiations.

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    • UN signs mediation convention to settle trade disputes

      UN signs mediation convention to settle trade disputes

      Members of the United Nations on Wednesday signed the Singapore Convention on Mediation, an agreement it hopes will make it easier to settle cross-border commercial disputes and stabilise trade relationships, at a time when trade tensions between world's two biggest economies - the US and China - are escalating.

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