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The Latest Breaking News from International Trade

Critics say Big Tech uses trade deals to avoid data privacy laws - Roll Call

Some Democrats and advocacy groups say Big Tech companies are using international trade deals to circumvent data privacy laws.

Roll Call

DHL forecasts growth in international trade to stall

International trade growth is forecast to stagnate this year as countries have raised interest rates to combat surging inflation, leading to a worldwide economic slowdown, says global logistics company DHL.

Bangkok Post

UK-GCC FTA Negotiations Make Significant Progress

Chief Negotiator – UK-GCC FTA, Department for International Trade Tom Wintle revealed that the UK and Gulf Cooperation Council (GCC) countries have made “good progress” in negotiations to sign a free trade agreement (FTA). Speaking on the eve of the third round of talks kick off between the parties in…

Asharq Al-Awsat

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South Africa is exporting more food. But it needs to find new growth frontiers

South African agricultural exports were up for the third consecutive year in 2022, reflecting favourable production conditions and higher commodity prices. The export numbers for the full year have not yet been published. I have calculated the annual data for 2022 using quarterly trade export statistics published by Trade Map,…

The Conversation

40 years on, does Australia need another Prices and Incomes Accord?

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…

The Conversation

The decision to ditch the UK's Department for International Trade is testament to the failure of Brexit

The move to merge the UK government’s departments of trade and business has been likened by one journalist to rearranging the deckchairs on a sinking ship. But it is in fact a significant moment in the country’s foreign and economic policy – and a tacit acknowledgement that attempts to seize…

The Conversation

Who is Greg Hands? New Tory party chairman announced in Rishi Sunak’s Cabinet reshuffle

The New York-born politician has held several ministerial positions since becoming an MP in 2005

Evening Standard

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UK will be 15 years late in hitting £1tn annual export target, figures show

Exclusive: Forecasts predict exports will fall to £707bn next year and target will not be reached until 2035

The Guardian - UK

Scourge at home, 'superstar' in international markets

Jacinda Ardern may have been increasingly unpopular with businesses in New Zealand, but international trade relations experts say we've benefitted from her status abroad.

Newsroom.co.nz

Taliban seeks economic self-sufficiency and foreign investment for Afghanistan -minister

(Adds full name of acting minister in paragraph 2)

Reuters

Government refuses to publish economic benefits estimate of latest Brexit trade deal

Department for International Trade says releasing an estimate isn’t appropriate

The Independent UK

US ban on 'Made in Hong Kong' label breaches trade rules: WTO

Washington (AFP) - The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.

AFP

International trade department should be shut down, says Brexiteer who set it up

UK ‘falling behind’ on trade in three years since Brexit, says Liam Fox

The Independent UK

Shark fishing is a global problem that demands local solutions

Countries from around the world have voted to limit the global trade in sharks under the Convention on International Trade in Endangered Species (Cites). Trade in shark products is a major driver of shark overfishing, leading to the deaths of millions of sharks every year. The new Cites listings aim…

The Conversation

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Bangkok Post

Taiwan premier slams China over fresh import bans

Taiwan's premier on Sunday accused China of violating international trade rules and "discriminating" against the island after it halted more Taiwanese imports.

The Independent UK

Badenoch defends Australia trade deal after criticism by former minister

Kemi Badenoch did concede that deadlines in negotiations are “unhelpful” as she faced questions from the International Trade Committee.

Daily Mirror

Post-Brexit trade deal with Japan branded failure as exports plummet

The agreement, signed by Liz Truss in October 2020, was hailed as "historic" and Ms Truss claimed it would add billions to the UK economy - but now Labour has hit out at ministers

The Guardian - UK

Brexit blow: exports to Japan slump after ‘landmark’ free trade deal

First such accord after leaving EU was predicted to bring £15bn boost but UK now lags rivals

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Asharq Al-Awsat

UN Wildlife Conference Ends with Protection for 500 Species

An international conference on trade in endangered species ended Friday in Panama, with protections established for over 500 species. The measures were approved by the Convention on International Trade in Endangered Species of Wild Fauna and Flora, known by its initials as CITES. The conference agreed to tighten trade regulations…

Reuters

Decision on North American auto rules dispute 'imminent', Canada says

A decision should be made very soon on a dispute pitting Canada and Mexico against the United States on the interpretation of regional trade rules in the auto industry, Canada Minister of International Trade Mary Ng said on Friday.

The National (Scotland)

Rees-Mogg's former business partner BACK in government after sacking

RISHI Sunak has been criticised for reappointing a controversial minister a month after sacking him.

The Independent UK

Sunak reappoints Rees-Mogg’s ex-business partner a month after sacking him

The Prime Minister has been criticised for reinstalling financier Lord Johnson as international trade minister after axing him from the job weeks ago.

AAP

PM to tell unions to push ahead on wages

Prime Minister Anthony Albanese will address the International Trade Union Confederation's 5th World Congress in Melbourne on Monday.

The Conversation

Japan's ivory market is no longer a threat to elephant populations – here's why

Elephants feature heavily in mythology, religion and popular culture. Yet they are hunted for their ivory tusks. Ivory poaching has led to a 70% decline in African elephant numbers over the past 40 years.

Asharq Al-Awsat

Military Demands Establishing Anti-Terrorism Maritime Coalitions

Military leaders stressed the need for creating solid alliances to combat terrorism threatening maritime safety and security with low-cost materials that significantly impact international trade and marine environment. They described the second edition of the Saudi International Maritime Forum, organized by the Royal Saudi Naval Forces, as crucial in terms…

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