The US and China signed what they billed as the first phase of a broader trade pact. Big issues of Beijing’s state-run economy left for phase two.
Certain aspects of the soon to be signed US-China “Phase One” trade deal to end the ongoing 18-month trade war between the two nations may not be released to the public.
The industry is working to get US senators on record in support of including the protections it lost in NAFTA 2.0 in future trade agreements with other countries.
KTurbo claims US government violated terms of KORUS FTA, after US court judged that the company violated place of origin rules.
China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce.
The US-based ridesharing services platform Uber Technologies and its Colombian subsidiary, Uber Colombia, have threatened to initiate arbitration proceedings against Colombia under the Colombia-US Trade Promotion Agreement.
KTurbo Inc. served a notice of intent to submit a claim to arbitration under Chapter 11 of the US-Korea Free Trade Agreement.
The clash between the US and China is arrestingly sharp and deep not only because the stakes are so high and the parties so profoundly different but also because it has been brewing over several decades of increasingly intimate and complex interaction.
China highlighted a pledge to fully open up its oil and gas exploration sector. Financial services deals long in the works may be tied to deal.
US chicken imports offend British sanitary sensibilities. Not just for the safety of people who ingest it, but mainly because the process compensates for less stringent health standards.
Pakistan has asked a US federal court to pause an Australian copper company’s bid to enforce a $6 billion arbitral award while it looks to have the award nixed.
Protectionism and import substitutions are not the best ways to ensure the prosperity of all, especially the poorest of the poor, but keeping the economy open to the world is, senior Singaporean minister Tharman Shanmugaratnam has said.
The Phase 1 deal reached last month is expected to cut tariffs and boost Chinese purchases of US goods but Chinese officials have yet to publicly commit to key points.
China will not raise its quotas for the import of grains, according to vice agriculture and rural affairs minister Han Jun, raising the prospect of a stand-off with the US.
After walking out of negotiations on the 16-nation RCEP free trade agreement, the government said it would renegotiate its existing FTA and redouble its efforts to conclude other trade negotiations.
China’s trade delegation tentatively plans to travel to Washington for four days from January 13 for the signing of the phase one deal.
The agreement will not only increase Chinese purchases of US agricultural products but pave the way for long-term structural reforms.
Understanding power is more important to predicting the winners and losers of neoliberal economic policies than knowing the economics.
Navarro also hinted at future trade deals with the post-Brexit United Kingdom, other European countries and Vietnam.