International Trade

Kenya set at an advanced stage in ratifying AfCFTA

Kenya is at an advanced stage in ratifying Africa Continental Free Trade Area (AfCFTA), which makes Africa the biggest economic block in the World, the Principal Secretary for International Trade Dr. Chris Kiptoo said on Saturday night. Dr. Kiptoo was presiding over official closing of a four day African Round of the European Law Students Association (ELSA) Moot Court Competition on World Trade Organization (WTO) Law in Nairobi. He said that cabinet approval of the convention had given Kenyan goods…

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Let’s fix the Soo Locks

Autoplay Show Thumbnails Show Captions Last SlideNext Slide Buy Photo President Donald Trump speaks in Washington Township.(Photo: Todd McInturf, The Detroit News)Buy Photo Washington Township — President Donald Trump on Saturday promised to help fix the aging Soo Locks in Michigan’s Upper Peninsula, keep fighting for fair trade deals and help farmers whom he acknowledged initially could be hurt by his ongoing tariff war with China. Speaking to a capacity-room crowd at Total Sports Park in Washington Township, the first-term Republican…

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Nigerians unofficially exporting $40bn goods annually, says NEPC – Punch Newspapers

Anna Okon  The Nigerian Export Promotion Council has said Nigerians are exporting goods worth over $40bn informally every year. The Executive Director and the Chief Executive Officer of the NEPC, Mr. Segun Awolowo, stated this in Lagos on Friday during a visit to the President, Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture, Chief Alaba Lawson. According to him, a lot of goods are moving from Nigeria to other African countries without being documented. He said the council…

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Mnangagwa declares war on economic saboteurs

President Mnangagwa has declared war on economic saboteurs, lethargic public officers and arms of State, warning individuals and entities that continue to impede Government efforts to grow the economy will be dealt with ruthlessly. Resistance will not be tolerated. The President said efforts to attract foreign investment, re-engage bilateral partners, attract Diaspora remittances and achieve export-led growth were key to improved productivity, a bigger economy and better rewards for civil servants. Officially opening the 59th edition of the Zimbabwe International…

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Utah biz leaders look out for slowed growth, speak out against tariffs and ‘protectionist’ policies | Local Business

In order to elevate Utah business, leaders in both the private and public sector said the state’s focus needs to be on planning for the future, at the 12th annual Utah Economic Summit on Friday in Salt Lake City. To adequately plan for Utah’s economic future, two major themes summit presenters looked at are business growth and skills education. Growth “Utah has the most diversified economy in the nation,” said Natalie Gochnour, director of the Kem C. Gardner Policy Institute,…

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Rebuilding the Commonwealth – MoneyWeek

Meet the new boss: Prince Charles will succeed the Queen as head of the Commonwealth As Britain leaves the EU, many are placing hopes on the Commonwealth, the post-colonial club of countries, as an alternative trading partner for a new “Global Britain”. Can it work? Alex Rankine reports. What’s happened? Heads of government from 46 of the Commonwealth’s 53 member states met last week in London. This is the first Commonwealth Heads of Government Meeting (known as a “CHOGM”) since…

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‘Cliff Edge’: Leading Business Group Warns Fox’s Brexit Plan May Drain Firms Dry

British International Trade Secretary Liam Fox pledged last year that the UK government will clinch dozens of free trade deals with other non-EU countries immediately after Britain withdraws from the European Union in 2019. In an exclusive interview with Business Insider, James Ashton-Bell, chief trade spokesperson for the Confederation of British Industry cited London lacking the experience or the bandwidth in order “to conduct 20 or more trade renegotiations in parallel, to be completed before the potential cliff edge of January 2021, [the planned end of the UK’s…

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These are the industries Trump should protect from China if he wants to win elections

An employee uses a light table to check the stitching on a parachute canopy at the Mills Manufacturing Corp. facility in Asheville, N.C. (Photo by Luke Sharrett/Bloomberg) Tariffs can be powerful political weapons, and Donald Trump is about to give himself plenty of ammunition. The administration has listed about $50 billion in Chinese goods it plans to tax, and announced plans to impose tariffs on an additional $100 billion in the near future. Assuming the tariffs go forward, we can use research and trade data to consider where they…

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Emerging markets experience a volatile first quarter

Strong tailwinds underpin emerging-market equities as economic growth prospects appear strong Dubai: Volatility hit global equity markets hard in the first quarter of 2018, and emerging markets were certainly not immune. The prospects for emerging markets remain sound despite the recent increase in volatility. Emerging markets have historically bounced back from external shocks, and they displayed a healthy resilience amid choppy trading in early 2018. We see strong tailwinds underpinning emerging-market equities even as we are mindful of the challenges…

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Let’s rebuild economy together | The Herald

We publish here an address by the President of the Republic of Zimbabwe and Commander-in-Chief of the Zimbabwe Defence Forces, His Excellency, Comrade E.D. Mnangagwa, on the occasion of the Official Opening of the 59th edition of the Zimbabwe International Trade Fair (ZITF) on Friday, 27th April 2018, ZITF Grounds, Bulawayo. Her Excellency, the First Lady, Amai Auxilia Mnangagwa, Honourable Vice-President, Retired General, Dr Constantino Chiwenga and Amai, Honourable Vice-President, Comrade Kembo Mohadi, Honourable President of the Senate, Amai Edna…

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Mexicans help create, not take jobs away from Texans, study says | Business

Far from taking jobs away from Texans, Mexicans are helping create additional employment opportunities, providing valuable labor for a growing economy and helping the deepening integration with Mexico, according to the Texas-Mexico Center at Southern Methodist University. The findings of the first research study by the center comes as the Trump administration cracks down on unauthorized immigrants, referring to them as criminals and calling for a wall between both countries. The center’s study called for “freer migration” across the border…

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Trade protection is a comedy of errors

This gut reaction is prompted by people’s unthinking assumption that exports are good, but imports are bad. When you think it through, however, you realise imports are just as good as exports – why would we be so keen to buy them if they weren’t? Loading And exports are good mainly because we can use the money we make from them to buy imports. International trade is an exercise in mutual and reciprocal benefits. They gain from buying our exports;…

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British-made brands that aren’t exporting are missing out | News

If you are a British-made brand or UK manufacturer and you’re not exporting then you’re missing out, so says Kate Hills, founder of Make it British, the campaign to encourage more people to buy British and make in the UK. Recent figures show that UK exports of British-made products are at their highest for seven years and the opportunities of exporting will be a key feature at this year’s Make it British Live! event on 23 and 24 May at…

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Trade negotiators warn: NAFTA 2.0 could lean on Democrats

Top business groups working with U.S. trade representatives on a renegotiated NAFTA say the White House is courting Democrats to approve a new deal on Capitol Hill. Time is running out for negotiators from the United States, Canada and Mexico to reach an agreement in time for it to be approved by Congress, and business groups, including the U.S. auto industry, still have significant concerns with the deal that’s in the works. In a recent phone call with U.S. Chamber…

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Pipeline pawns no more: As politicians bicker, steelworkers fight for jobs

Bill Edwards has been through much of this before. As he approaches 35 years of continuous service at the steel mill on Regina’s northern edge, he’s seen just about every up and every down that comes around in the steel and oil industries. He’s not entirely worried about his job at this point (if the very worst were to happen he knows he’d be one of the last out the door based on his seniority), but he is concerned about the…

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