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G20 fails to arrive at concrete developmental package for South

Geneva, 31 Mar (D. Ravi Kanth) — Trade ministers of the Group of 20 countries (G20) on 30 March failed to arrive at a concrete developmental package for assisting developing and least-developed countries (LDCs) in combating the deadly COVID-19 disease that has already claimed more than 37,000 lives around the world, sources told the SUNS. The three-hour virtual meeting on ... Read More »

Developing countries spurn US proposal on differentiation

Geneva, 4 Mar (D. Ravi Kanth) — India, South Africa, China, and several other countries have spurned the controversial proposal from the United States to bring about differentiation for availing of special and differential treatment (S&DT) among developing countries in current and future trade negotiations at the World Trade Organization (WTO), trade envoys told the SUNS. Read More »

China ranked world’s second largest arms producer trailing behind US

By Thalif Deen UN, Jan 27 2020 (IPS) – Donald Trump, the vociferously unpredictable US president, has long chastised China for seeking “unfair” advantage over trade and tariffs, violating intellectual property rights and “manipulating” the country’s currency to its advantage. But while this blatant political rhetoric has continued ever since Trump assumed office in 2017, the Chinese have steadily built ... Read More »

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 »