-Mexico’s Economy Ministry has invited U.S. Trade Representative Katherine Tai’s team to hold third round of energy consultations in the coming days in Mexico City, according to an economy ministry statement published Thursday. Mexico’s Economy Minister Raquel Buenrostro met on Thursday with U.S. Trade Representative Tai to work on solutions for the energy and […]
A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs. Marcos will issue an executive order cutting to 0% the most favoured nation tariff on EVs like passengers cars, buses, vans, trucks, motorcycles, and bicycles, and their parts for […]
Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn up by Chancellor Olaf Scholz’s […]
German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. Scholz’s stop in Vietnam on his way to the G20 leaders’ summit in Indonesia, highlights Vietnam’s growing role in global […]
The European Union’s industry chief said on Monday that European governments and companies must realise China is a rival to the EU and they should not be naive whenever they approve Chinese investment. European Commissioner Thierry Breton’s comments appeared to be aimed in part at Germany, whose Chancellor Olaf Scholz will visit Beijing on […]
A few dozen U.S. entrepreneurs braved tough U.S. sanctions and Cuba’s worst economic crisis in decades to attend a conference in Havana on Wednesday focusing on the new private sector and aimed at boosting flagging engagement between the Cold War-era foes. The Cuban Chamber of Commerce and Washington-based consultancy FocusCuba, which are hosting the […]
Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established for longer, Finance Minister Paschal Donohoe said on Tuesday. The government introduced the 1.25 billion euro scheme in last month’s budget, providing businesses such as […]
France’s development minister is backing U.S. Treasury Secretary Janet Yellen’s call for the World Bank and similar institutions to vastly expand their lending, but said the United States needs to join France and other countries in channeling its IMF monetary reserves to poorer countries. Chrysoula Zacharopoulou, Secretary of State for Development, Francophonie and International […]
China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. “Out of the need to maintain its sci-tech hegemony, the […]
Costa Rica will suspend tariff benefits for Panamanian products, the country’s foreign trade ministry said on Thursday, marking another step in a bilateral trade dispute that started in 2020 and is the subject of a World Trade Organization (WTO) lawsuit. Costa Rica suspended tariff benefits for its southern neighbor after Panamanian authorities failed to […]