International Trade

Unanimously Adopting Resolution 2399 (2018), Security Council Extends Sanctions Regime against Central African Republic – Central African Republic

SC/13188 SECURITY COUNCIL 8169TH MEETING (AM) The Security Council extended its sanctions regime against the Central African Republic today, consisting of an arms embargo, travel ban and asset freeze on listed individuals and entities, until 31 January 2019, and the mandate of the Panel of Experts facilitating those measures until 28 February 2019. Unanimously adopting resolution 2399 (2018) under Chapter VII of the United Nations Charter, the Council decided that the travel ban and asset freeze would apply to individuals…

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Trump Says US Has Turned Page on Trade

President Donald Trump repeated his threats to punish trade partners in his State of the Union address Tuesday and echoed his World Economic Forum message that his administration will battle other partners it thinks are using predatory trade practices against U.S. companies and the American economy. In brief comments about trade, Trump offered a little red meat to voters who backed him largely because of his “America First” push and mistrust of international trade deals. “America has finally turned the…

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Ministers reject calls to publish leaked Brexit study

Media playback is unsupported on your device Media captionMinister: There’s a campaign to overturn Brexit vote The government says it will not publish a leaked report document predicting an economic hit from Brexit. Brexit Minister Steve Baker said the document was at a “preliminary” stage and releasing it in full could damage the UK’s negotiations with the EU. According to BuzzFeed, the report said growth would be lower in each of three different Brexit outcomes than if the UK had…

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PRESIDENT TRUMP IS RIGHT ABOUT ‘FAIR AND RECIPROCAL’ TRADE, AND IT’S TIME TO TAKE THE GLOVES OFF

By ROBERT ROMANO “I want reciprocal. If they’re going to charge us 100 percent for a motorcycle, it should be 100 percent the other way, too.” That was President Donald Trump in an interview with CNBC’s Joe Kernen on Jan. 26 while he was on the ground in Davos, Switzerland renewing his call for “fair and reciprocal” trade. Here, the President was referring to India’s 100 percent tariff on motorcycles manufactured in the U.S., including Harley-Davidson, and telling the subcontinent that if…

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Adult fruit flies found on Flinders Island, growers urge ‘gelignite’ response

Updated January 29, 2018 22:12:08 Tasmanian fruit growers fearing fallout after adult fruit flies were found on Flinders Island are urging authorities to “hit it like gelignite”. Five adult flies have been found in traps established at the infected sites more than a week after larvae was discovered in backyard apricot trees. Last Wednesday, fruit fly larvae were found on mainland Tasmania in backyard apricot trees. The Primary Industry Department’s Incident Controller, Wes Ford, said the discovery did not mean…

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Economic Survey- The New Indian Express

Union Minister for Finance and Corporate Affairs Arun Jaitley (PTI) NEW DELHI: The prospects of the country’s external sector look bright in the coming years as global trade is expected to increase, although the rise in oil prices could create problems, the Economic Survey said today. The survey for 2017-18 was tabled in Parliament today by Finance Minister Arun Jaitley. “The prospects for India’s external sector in this and coming year look bright with world trade projected to grow at…

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Trump Blasts EU Over Unfair Trade Practices

Business 09:10 29.01.2018(updated 09:18 29.01.2018) Get short URL Donald Trump has criticized the EU over its trade practice, which the President sees as discriminatory against the US, and as driving the expansion of the US foreign trade deficit. Kristian Rouz – President Donald Trump reiterated his rhetoric of reciprocity and fairness in international trade, saying he’s had “a lot of problems with European Union… from a trade standpoint.” The President also reiterated he would stand up to the EU over its trade practices that are discriminatory toward the…

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Effectiveness of new trade policy – Newspaper

The government plans to share the draft of Pakistan’s first 5-year trade policy — Strategic Trade Policy Framework (STPF) 2018/2023 — with the business community by the end of next month, a senior commerce ministry official told a consultative session with businessmen in Lahore last week. The new trade policy, just like the three previous, similar 3-year strategic frameworks, will primarily focus on boosting the country’s flagging exports. Trade officials conceded that none of the previous strategic frameworks had come…

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Bombardier beats Boeing: Reactions to trade spat ruling

When the U.S. International Trade Commission unanimously rejected a Boeing complaint against Bombardier on Friday, it took many onlookers by surprise – and might have helped clear the way for a new jetliner assembly line in coastal Alabama. Here’s a roundup of reactions to the decision. Bloomberg: “Bombardier’s Upstart Jet Regains U.S. Access in Win Over Boeing” Bloomberg opened an analysis on the ruling by saying “Welcome back to America, C Series.” It say the verdict  “enabled Bombardier to jump-start…

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Europe closes in on fresh trade deal as Trump puts up barriers

Brussels – Europe is approaching the next stop in its global market-opening drive aimed at countering US President Donald Trump’s protectionist tilt. Top officials from the European Union will meet with the Mercosur group of Argentina, Brazil, Paraguay and Uruguay on January 30 in Brussels to gauge the prospects for a free-trade deal that would follow groundbreaking commercial pacts with Japan and Canada. The EU-Mercosur talks began almost two decades ago, faltered and were re-started in 2010. Trump’s move into…

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Women power | New Straits Times

JUSTIN Trudeau, the popular prime minister of Canada, is a strong advocate of gender equality and women power. At the World Economic Forum in Davos last week, he explained simply why we need to get more women into the workforce. “And not just because it’s the right thing to do, or the nice thing to do, but because it’s the smart thing to do,” he said. “McKinsey estimates that narrowing the gender gap in Canada could add US$150 billion to…

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Relief for UK aerospace as ruling stops massive US import tariffs for Bombardier planes

British businesses have breathed a sigh of relief after US regulators blocked the imposition of a huge import tariff on aeroplanes made partly in the UK. The US International Trade Commission ruled against a claim by aerospace company Boeing, which claimed rival Bombardier had received unfair subsidies. This was initially upheld by the US Department of Commerce but yesterday’s decision reverses that. This means Bombardier has also dodged duties of almost 300 per cent on its products, which are partly…

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Bombadier wins trade dispute with the US — MercoPress

Relief in Canada and North Ireland: Bombadier wins trade dispute with the US Saturday, January 27th 2018 – 09:15 UTC Tariffs of 292% will not now be imposed on orders of C-Series planes by American carriers. About 50 companies in the UK supply Bombardier with parts A spokesperson for Boeing said it was “disappointed” by the ITC’s decision and that it would “review the detailed conclusions when they are released”. The Canadian aerospace firm which faced damaging import tariffs on…

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Editorial: Tariffs are almost always bad for business – Opinion – The Times-News

Can Donald Trump stand prosperity? Fresh from a government shutdown victory and with the U.S. economy on a roll, the President decided on Tuesday to kick off his long-promised war on imports — and American consumers. This isn’t likely to go the way Mr. Trump imagines. “Our action today helps to create jobs in America for Americans,” Mr. Trump declared as he imposed tariffs on solar cells and washing machines. “You’re going to have a lot of plants built…

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Pakistan could be collateral damage if US, China enter ‘currency war’

Trump admini­strati­on implic­itly wants greenb­ack to lose value agains­t other curren­cies The depreciation of the US currency would make the British pound sterling and euro more expensive. The euro has already climbed to its strongest against the dollar since 2014. PHOTO: REUTERS SWITZERLAND / DAVOS: As the US raises prospects of entering into a ‘currency war’ with China, Pakistan is likely to face new challenges of further losing its competitiveness in the global market, while also witnessing further pressure on its…

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