The EU and Japan signed the EU-Japan Economic Partnership Agreement on 17 July, the largest free trade agreement (FTA) the EU has ever negotiated, Reuters reported. The FTA, signed after four years of negotiations, will eliminate up to 99% of the tariff barriers between the EU and Japan, including the elimination of tariffs on almost... View Article

The UK is to launch a public consultation on joining the Comprehensive and Progressive Agreement on the Trans-Pacific Partnership (CPTPP), International Trade Secretary Liam Fox announced yesterday. Speaking in London on the UK’s trade strategy post Brexit, Dr Fox said: “The Government is determined not only to seek deals with key bilateral partners but to... View Article

With the US levelling tariffs on both China and the European Union (EU) amid escalating trade tensions, this year’s China-EU summit seemed to take on a new level of significance. Commentators waited to see whether President Trump’s protectionist policies would push China and the EU into forming an anti-US trade coalition at the summit, held... View Article

The President of the European Council, Donald Tusk, has called for the US, China, Russia and the EU to work together on global trade to avoid “conflict and chaos.” Speaking at the China-EU summit in Beijing today, Tusk said the “architecture of the world is changing before our very eyes and it is our common... View Article

The eighth China-Arab States Cooperation Forum (CASCF) took place in Beijing this week, with both sides pledging increased economic cooperation, especially under the Belt and Road Initiative (BRI). CASCF, founded 14 years ago and held every two years, provides a forum to facilitate high-level Sino-Arab relations. As reported in Okaz, Chinese President Xi Jinping opened... View Article

Turkey’s Lira and stock markets took a hit this week following the announcement of President Erdogan’s son-in-law as the powerful new treasury and finance Minister. According to the New York Times, the loss of independence of crucial government institutions, coupled with reckless economic policy, could place Turkey at growing risk of a financial crisis. As... View Article

On the day that US President Donald Trump arrives in London for talks with Prime Minister Theresa May, the Chinese Ambassador to the UK accused Washington of “posing a severe challenge to world economic order.” Speaking to a business audience at a Thomson Reuters Belt and Road event, held in London this morning, HE Ambassador... View Article

China has hit out at “irrational US actions” after Washington outlined a further round of tariffs on Chinese imports. On Tuesday, the Trump administration released a wide ranging list of Chinese goods it proposes targeting with a new 10 per cent duty, including food products, tobacco, coal and chemicals, The Guardian reports. The tariffs are... View Article

Former Housing Minister Dominic Raab has been appointed the new Secretary of State for Exiting the European Union, following the resignation of David Davis late last night. Raab, a lawyer and former diplomat, succeeds Davis at the Department for Exiting the European Union (DExEU) on an extraordinary day in Westminster that saw Boris Johnson resign... View Article

US tariffs on up to US$34 billion of Chinese goods came into effect this morning, prompting China to accuse the US of initiating “the largest-scale trade war in economic history.” The long-threatened duties of 25 per cent were implemented at midnight Washington time, and drew swift condemnation from China’s Commerce Ministry, Bloomberg reports. “China promised to... View Article