Efforts to lay the groundwork for possible negotiations on a bilateral Canada-China trade deal continue underway, with Canadian officials launching a three-month domestic consultations period last week.
Boosting economic ties with the Asia-Pacific region is one of the main items on the EU trade docket this week, as the bloc’s top trade official travels to Singapore and the Philippines for talks on advancing various initiatives.
The framework of rules for global trade has withstood some fearsome ructions over the past few years.
The World Trade Organization announced on Wednesday 22 February that the Trade Facilitation Agreement (TFA) has now entered into force, having surpassed the minimum requirement of 110 ratifications from members. “The Trade Facilitation Agreement is the biggest reform of global trade this century,” said WTO Director-General Roberto Azevêdo on Wednesday in confirming the news.
A major milestone for the global trading system was reached on 22 February 2017 when the first multilateral deal concluded in the 21 year history of the World Trade Organization entered into force.
Waiting times at customs points for trucks bringing goods into the East African nation of Rwanda dropped from an astonishing 11 days in 2010 to 34 hours in 2014 thanks to an automated "single window" system.
The European Parliament approved a landmark free-trade agreement with Canada, shoring up Europe’s market-opening clout in the face of a populist surge across the continent and U.S. President Donald Trump’s protectionist tilt.
Japanese Prime Minister Shinzo Abe on Tuesday did not rule out negotiating a bilateral free trade agreement with the United States, a framework preferred by U.S. President Donald Trump but viewed with alarm by Japan due to its perceived risks.
President Trump struck a softer tone on trade Monday, saying his administration will be “tweaking” the North American Free Trade Agreement (NAFTA) in a way that will be a boon for both the United States and Canada.
Now that U.S. President Donald Trump has decided to trash the Trans-Pacific Partnership, the four-nation Pacific Alliance is courting TPP as well as non-TPP countries -- including China.