Following the WTO’s decision to downgrade it’s trade growth forecast two weeks ago, the IMF has also cut its global economic growth forecast, citing increased weakness in emerging markets and escalating trade tensions. The revision is a further sign of the broad-based effect that US-China trade tensions will have on both regional and global economic... View Article

Japanese Prime Minister Shinzo Abe has stated that he would welcome the UK into the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) – a trade agreement between 11 members including Australia, Canada, Japan, and Mexico, the Financial Times reports. UK Secretary of State for International Trade, Liam Fox, has previously mooted the idea of the UK... View Article

Edward Yau, Hong Kong’s Secretary for Commerce and Economic Development, has issued a warning to the city as the US-China trade war begins to bite. Unveiling measures aimed at protecting Hong Kong’s SMEs amid cooling investment, Yau predicted a long road ahead in the dispute between China and the US, the South China Morning Post... View Article

After more than a year of lengthy negotiations, the United States and Canada reached a last-minute deal on Sunday night to revamp the North American Free Trade Agreement (NAFTA) and end the economic uncertainty that accompanied the talks. Renamed the United States-Mexico-Canada Agreement (USMCA), the new pact includes a compromise on issues ranging from access... View Article

The World Trade Organization (WTO) has cut its forecasts for global trade growth from 4.4 per cent to 3.9 per cent, and has predicted growth to slow still further in 2019, to 3.7 per cent, the Associated Press reports. WTO Director General Roberto Azevedo cited “the heightened tensions… between major trading partners” for the downgrade.... View Article

China is on manoeuvres this week, repositioning itself in the US-China trade war with new and more hard-line messaging. The government white paper issued on Monday – the day new US tariffs came into effect – upped the rhetoric from Beijing, accusing the US of engaging in “trade bullyism.” But China’s deputy trade negotiator, Vice... View Article

The long-serving Chairman of CIMB, Nazir Razak, is to step down by the end of the year, Malaymail reports. CIMB, Malaysia’s second largest bank, will activate its succession plan after Razak announced he will leave all positions within the group, ending a career spanning nearly thirty years. Razak has been with CIMB since 1989, including... View Article

China has released a white paper in which the US is described as engaging in “trade bullyism practices,” Xinhua reports. The official document, which seeks to “clarify the facts about China-US economic and trade relations, demonstrate its stance on trade friction with the United States, and pursue reasonable solutions,” was released today – the day... View Article

US President Donald Trump has said “it’s time to take a stand on China” as his aggressive policies continue to raise the stakes in the US-China trade war. The President told Fox News that China “is hurting us” and that Washington “has no choice” but to pursue aggressive measures. He added that the US could... View Article

Singapore is developing proposals for a formal ASEAN cyber security mechanism to bolster regional defences and create a dialogue for cyber diplomacy, policy and operations, Straits Times reports. Representatives from all 10 ASEAN states agreed the need for formalised regional cooperation at the third ASEAN Ministerial Conference on Cybersecurity, which took place in Singapore yesterday (Wednesday).... View Article