Tag Archives: Trade

India and Russia are discussing a free trade agreement, ministers said on Monday, a move that would further deepen bilateral commercial ties that have flourished since war broke out in Ukraine. India’s Foreign Minister Subrahmanyam Jaishankar told an event in New Delhi his government was in “advance agreement” on a …

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said, Beijing’s latest salvo against the almighty greenback. The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin …

The number of insolvencies has reportedly risen for the first time in three years Japan recorded its first increase in the number of company bankruptcies in three years in 2022, according to a new survey by Teikoku Databank. The report showed that a total of 6,376 companies declared bankruptcy in …

Britain warned it might be forced to “act” in a row with the European Union over post-Brexit trade rules for Northern Ireland, raising the risk of commercial strife and deepening a standoff stirring U.S. concerns for peace in the province. Foreign Secretary Liz Truss said on Thursday Britain would have …

The US trade deficit hit a new record of $109.8 billion in March fueled by strong demand for computers, vehicles, and oil, according to a report by the US Census Bureau released on Wednesday.

Russia said on Saturday it expected commodity flows with China to grow and trade with Beijing to reach $200 billion by 2024, as Moscow faces mounting isolation from the West. China has refused to condemn Russia’s actions in Ukraine and has criticized the unprecedented Western sanctions on Moscow. The two …

The Group of Seven wealthy nations agreed on a joint set of principles to govern cross-border data use and digital trade, Britain said in what was described as a breakthrough that could liberalise hundreds of billions of pounds of trade. Trade ministers from the G7 reached an agreement at a …

The leaders of the European Union and the United States are set to commit at a summit in Brussels next week to ending their transatlantic trade disputes and to call for a new study into the origins of COVID-19, according to a draft communique. The seven-page draft, seeks to show …

Iraqi officials and Senior Iranian held a meeting in the Iraqi capital and stressed the need to reach the level of 20 billion dollars in their trade exchanges. The meeting was held between Iraqi minister of commerce and Iran’s Ambassador to Iraq Iraj Masjedi in Baghdad late on Wednesday. The …

The U.S.-Mexico-Canada Agreement (USMCA) officially entered into force on Wednesday, replacing the 26-year-old North American Free Trade Agreement (NAFTA). “Today marks the beginning of a new and better chapter for trade between the United States, Mexico, and Canada,” U.S. Trade Representative (USTR) Robert Lighthizer said in a statement, adding the …

The merchandise trade deficit rose in the United States in March, in an indication that the Corona virus outbreak has upset the flow of goods and services in the world. It is expected that the American debt will rise to 27 trillion dollars, with the administration borrowing three trillion new …

The United States on Monday posted rule changes that impose new restrictions on exports to China, including on civil aircraft components and items related to semiconductors. The new rules will require licenses for U.S. companies to sell certain items to military entities in China even if they are for civilian …

The European Union is bracing for a stormy opening to post-Brexit trade talks as it puts the finishing touches to a negotiating mandate that will offer Britain worse trading terms than it has given Canada. Senior EU figures expect a series of early rows over the conditions attached to market …

China is in close touch with the United States on signing a Phase 1 trade deal, the country’s commerce ministry said on Thursday, adding that both sides are still going through necessary procedures before the signing. Gao Feng, a commerce ministry spokesman, made the comments to reporters at a regular …

A group of former U.S. ambassadors to Mexico representing both Republican and Democratic presidents have banded together to urge US President Donald Trump to treat trade and migration as separate issues, the diplomats wrote in an article. The article is signed by all six living ex-U.S. ambassadors to Mexico who …