Trade

EU agrees on retaliation to counter economic coercion

The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says…

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Mediterranean and Black Seas: Commission proposes fishing opportunities for 2022

The European Commission has adopted a proposal for fishing opportunities for 2022 in the Mediterranean and the Black Seas. The proposal promotes the sustainable management of fish stocks in the…

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EU Commission opens infringement procedure against 12 states for failing to implement rules banning unfair trading

The European Commission has today opened infringement procedures against Malta 12 Member States for failing to transpose EU rules banning unfair trading practices in the agri-food sector. The Directive on unfair trading…

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WTO report: Trade policy restraint prevented destructive acceleration of protectionism

Trade policy restraint by G20 economies, as well as WTO members more broadly, prevented a destructive acceleration of protectionist trade measures that would have further hurt the world economy, according…

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Euro zone trade surplus surges, but less than expected, in April

The euro zone's unadjusted trade surplus was almost five times higher in April than a year earlier, mainly thanks to a strong rebound in exports of machinery and cars, but…

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Strong EU trade enforcement rules enter into force

Robust new trade enforcement rules have entered into force that will further strengthen the EU's toolbox in defending its interests. With the update of the EU's Trade Enforcement Regulation, the…

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ANALYSIS-In a harsher trade world, EU arms itself for future conflicts

Hardened by the pain of Brexit, clashes with the Trump presidency and a new realism over China, a bruised European Union is due next week to set out a future trade policy designed…

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Imports, exports decrease in 2020

During 2020, the trade deficit narrowed by €1,462.3 million when compared to 2019, reaching €2,159.8 million, the NSO said this morning. Both imports and exports decreased in the year of…

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EU awaits U.S. trade chief for real tariff talks to start

The European Union has had positive, early contact with the Biden administration on trade, but will need to wait for a new U.S. trade representative to be in place for…

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U.S. and China may meet at Singapore’s ‘Davos’, WEF says

United States President Joe Biden's new administration may hold meetings with Chinese counterparts at a World Economic Forum meeting in Singapore in May, the organisation's president said on Friday. Borge…

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China, NZ ink trade deal as Beijing calls for reduced global barriers

China and New Zealand signed a deal that upgrades their existing free trade pact on Tuesday, giving exports from the Pacific nation greater access to the world's second-largest economy. New Zealand Prime Minister Jacinda Ardern…

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Britain and France seeking on reopening border – BBC

Britain and France may reach an agreement over reopening their border by Tuesday lunchtime, the BBC reported. The transport of freight across the English Channel has been disrupted after France…

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Retail trade in Malta and euro area shows signs of recovery in May

In May 2020, when Member States began easing the COVID-19 containment measures, the seasonally adjusted volume of retail trade increased by 17.8% in the euro area and by 16.4% in…

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Global arms trade shows increase in the last five years

The largest exporters of weapons in the last five years were the United States, Russia, France, Germany and China. The report published by the Stockholm International Peace Research Institute (SIPRI)…

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UK consumers face higher prices for EU goods, deal or not

U.K. consumers will face higher prices on goods coming from the European Union after Brexit, whether Boris Johnson signs a free trade agreement with the bloc or not, according to…

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China cuts tariffs on $75bn of US goods amid coronavirus pressure

China has cut tariffs on $75bn worth of imports from the US. The move comes as trade tensions ease and Beijing tries to cushion the economic shock caused by the…

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British wine and cheese industries report bumper decade of growth

As the UK tucks into cheese platters and pops bottles of bubbles this New Year’s Eve, the UK cheese and wine industries are celebrating a decade of growth and innovation.…

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US, Mexico, Canada sign USMCA trade deal

After months of negotiations, representatives from the United States, Mexico and Canada on Tuesday inked a revamped version of their regional trade pact. The signing ceremony in Mexico City was attended by…

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EU-Singapore Free Trade Agreement (EUSFTA) comes into effect

The flag of the European Union (C) is seen flying in Singapore, 20 November 2019. The European Union-Singapore Free Trade Agreement (EUSFTA) will come into effect on 21 November and…

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Major trade partners seek compensation from UK and EU over Brexit

Leading trade partners are seeking compensation from the U.K. and EU over Brexit uncertainty that has disrupted pre-Christmas trade. Some 15 countries — including heavyweights such as Australia and the…

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Record-breaking year in exports for the UK

Her Majesty's Revenue and Customs (HMRC) reveal overseas demand for British goods is increasing in every UK nation. The data shows that the benefits of global trade is being shared…

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New round of US-China trade tariffs worth $200 billion takes effect

The United States and China levied additional tariffs on thousands of each other's goods on Sunday, with Beijing targeting US crude oil for the first time since the trade war began.…

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Trump says US and China to resume trade talks

President Donald Trump has said the US and China will "very shortly" resume trade talks after a weekend of escalating tension with Beijing. "China called last night... said let's get…

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Ireland to try block Mercosur trade deal because of concerns over Amazon fires

As wildfires rage through the Brazilian Amazon, Irish Prime Minister Leo Varadkar has said Dublin will vote against a trade deal between the European Union and South American trade bloc…

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EU launches legal proceedings in WTO against China

The EU has launched legal proceedings in the World Trade Organisation (WTO) against Chinese legislation that undermines the intellectual property rights of European companies. Commissioner for Trade Cecilia Malmström said: "Technological innovation…

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USA imposes steep tariffs on steel and aluminium from the European Union, Canada and Mexico

President Trump is imposing steep tariffs on steel and aluminum from three of America's biggest trading partners — Canada, Mexico and the European Union. The trade penalties, 25% on imported…

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Microsoft surpasses Google in the list of most valuable companies

Microsoft has surpassed Alphabet, the parent company of Google, in the market capitalisation for the first time in three years, becoming the third most valuable firm after Apple and Amazon…

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Japan notifies WTO that it is reserving right to impose tariffs against the USA

On Friday, Japan notified the World Trade Organization that it was reserving the right to impose retaliatory tariffs against the United States in response to tariffs on steel and aluminum…

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EU committed to Iranian nuclear deal; wants the US to exempt the bloc from steel tariffs

The EU remains firmly committed to the Iranian nuclear deal, and it wants the US to permanently exempt the bloc from steel tariffs. Donald Tusk, the European Council president said…

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WTO rules against the European Union in landmark Airbus, Boeing judgement

The World Trade Organisation ruled on Tuesday the European Union had ignored requests to halt all subsidies to plane maker Airbus, prompting the United States to threaten sanctions against European…

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HSBC and ING complete first transaction using Blockchain technology

HSBC Holdings Plc announced that it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international…

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US – China trade off impacts import of Ford automobiles in China

Chinese customs officials are holding up shipments of imported Ford automobiles for technical checks. Trade experts believe the move is meant to put pressure on Washington after US President Donald…

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US extends deadline for trade tariffs to June 1st

U.S. President Donald Trump has postponed the imposition of steel and aluminium tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions…

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May, Merkel and Macron discuss the Iranian nuclear deal, US trade tariffs and the E3

A series of phone calls between German Chancellor Angela Merkel, English Prime Minister Theresa May and French President Emmanuel Macron, over the weekend, ended with an agreement about the importance…

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CNN – Trump pushes back against market fears of trade war

CNN reports that US President Donald Trump on Wednesday tried to tamp down economic anxieties over tariffs recently announced by China and the United States. "We are not in a trade…

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Geopolitics: China vs USA Trade Wars

The Chinese government said that tariffs on about $3 billion worth of US imports are going into effect Monday, hitting 128 products ranging from pork, meat and fruit to steel pipes. It's…

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