Despite frictions on trade and geopolitics that hang over their bilateral ties, leaders from the European Union and China vowed to work together to tackle global challenges on Wednesday, a day after US President Donald Trump ridiculed the “green scam” of climate change. Europe wants to work more with China on climate and biodiversity, even…
By KEN MORITSUGU and JAMEY KEATEN, Associated Press BEIJING (AP) — China has said it would no longer seek the special treatment given to developing countries in World Trade Organization agreements — a change long demanded by the United States. Commerce Ministry officials said Wednesday the move was an attempt to boost the global trading…
Few economies depend as heavily as Hong Kong on a free and open multilateral trading system. Few have as much to lose if the current US administration succeeds in disembowelling the World Trade Organization and miring international trade in tariffs and other forms of protectionism. Yet as the global trading system faces a protectionist assault,…
Under President Donald Trump, the US has launched a multipronged attack on China’s economy. Since Chairman Mao Zedong’s reign, China has seen it coming. A US system built around the ideal of openness and interdependence is facing off against a Chinese counterpart constructed as a fortress of control. Both sides have powerful resources. Only one…
July 22 (Reuters) – Indonesia will drop tariffs to zero on more than 99% of its trade with the United States and will also eliminate all non-tariff barriers for American goods in a deal that cuts threatened U.S. tariffs on Indonesian products to 19% from an initial 32%, a senior Trump administration official said on…
The European Union has obtained a mostly favourable ruling in one of its continuing trade disputes with China over intellectual property, according to a decision published by the World Trade Organization (WTO) on Monday. Brussels first brought its case against China to the WTO three years ago, charging that Beijing was preventing European tech companies…
On 21 July, the WTO circulated the arbitration award in the proceedings initiated by the European Union under Article 25 of the Dispute Settlement Understanding to review the findings of a WTO dispute panel in “China — Enforcement of Intellectual Property Rights” (DS611). Source link
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
Beijing has approved the convention establishing the world’s first intergovernmental organisation on mediation in Hong Kong, while indicating it would not bring forth World Trade Organization (WTO) disputes to the new body. Observers said on Friday the move was an indication of Beijing’s support for the WTO and that it would still bring other disputes…
As Shenzhen approaches 45 years as a special economic zone (SEZ), the importance of opening up in driving China’s progress was stressed by none other than Huawei Technologies founder Ren Zhengfei. “The more open the country becomes, the more it will drive our progress,” he told People’s Daily in a recent interview, speaking also of…