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Belt and Road Initiative: The Bridge that Spans the World

By Peter Koenig The Belt and Road Initiative (BRI), also called the New Silk Road, is based on a 2,100-year-old trade route between the Middle East and Eastern Asia, called the Silk Road. It wound its ways across the huge landmass Eurasia to the most eastern parts of China. It favoured trading, based on the Taoist philosophy of harmony and ... Read More »

China-ASEAN FTA gears up for next golden decade

The China-ASEAN Free Trade Area marks its 10th anniversary. As a most populous FTA, it has boosted regional economic connectivity as multilateral trade triumphs. Dongxing, a border city in southern China, offers a snapshot of promising cooperation between China and ASEAN in the next golden decade. Read More »

How US-China trade deal achieved a little but left out a lot

Washington, (AP/UNB) December 14, 2019 – The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure to hand over trade secrets to Beijing. Read More »

UN adopts resolution on natural fibres including jute

Bangladesh’s resolution entitled “Natural Plant Fibres and Sustainable Development” has been adopted by consensus in the plenary of the second committee of the 74th session of the UNGA. The resolution was tabled in September 2019 in this committee and adopted on Thursday, said the Bangladesh Mission at the UN. After several rounds of exhilarating as well as contentious negotiations, the ... Read More »

Both US and China losers in ongoing trade war, says study

Geneva, Nov (Kanaga Raja) – Tariffs being imposed by the United States on China are economically hurting both countries, with US losses largely related to higher prices for its consumers, while China’s losses are related to significant export losses, a new study by the UN Conference on Trade and Development (UNCTAD) says. Read More »

South rejects US memo on Special & Differential Treatment

Geneva, Oct (D. Ravi Kanth) – More than 50 developing and least-developed countries on Wednesday (16 October) rejected the US Presidential Memorandum for bringing about differentiation/graduation among developing countries for availing of special and differential treatment (S&DT) in current and future trade negotiations at the World Trade Organization, trade envoys told the SUNS. Read More »

C’wealth model offers hope for easing multilateral trade tensions

By Patricia Scotland, Commonwealth Secretary-General 7 October 2019 – Global uncertainties and tensions are escalating and affecting trade in every region. We see rising protectionism, while multilateral cooperation – including through the World Trade Organisation – is increasingly under threat. Meanwhile, the resilience of many smaller or less developed countries is being undermined by the impact of climate change and ... Read More »