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It's a ‘Hard Sell' If Biden Administration Wants to Rejoin Massive Trans-Pacific Trade Deal, Says Analyst
The era of trade liberalization is over, and it will be difficult for the incoming Biden administration to re-join the Trans-Pacific Partnership, according to Control Risks.
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End of Qatar Blockade Is ‘a Win for the Region,' Saudi Foreign Minister Says
The Al-Ula declaration resolves all of the outstanding issues that Qatar and other Arab nations had, said Faisal bin Farhan al-Saud, Saudi’s foreign minister.
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Exporters Face ‘Real Test' Now as Post-Brexit Arrangements Kick in
U.K.-based exporters are facing extra bureaucracy and costs in 2021 as they experience the new post-Brexit trading arrangements.
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President Trump Vetoes California Fishing Bill Over Seafood Trade Deficit
President Donald Trump vetoed a bill Friday that would have gradually ended the use of large-mesh drift gillnets deployed exclusively in federal waters off the coast of California, saying such legislation would increase reliance on imported seafood and worsen a multibillion-dollar seafood trade deficit.
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UK Lawmakers Approve Brexit Trade Deal
The House of Commons, as expected, voted in favor of the agreement, and the country will emerge from its Brexit transition period with the EU late Thursday.
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Op-Ed: The U.S. and EU Have a Lot of Work to Do to Rebuild Their Trade Relationship
Establishing the trust needed for a truly productive relationship will require both sides to abandon unilateralist measures and tendencies, writes Clete Willems
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Australia Will Formally Ask the World Trade Organization to Mediate Barley Dispute With China
Beijing this year slapped anti-dumping and anti-subsidy duties to the tune of 80.5% against Australian barley.
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Trump Officials Hit Out at China as Presidential Transition Looms in the U.S.
U.S. Trade Representative Robert Lighthizer said one of President Donald Trump’s achievements was showing that there’s a “major issue” with China.
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China Is the ‘Principal Military and Economic Threat' in Asia, Says Wilbur Ross
China accounts for many anti-dumping and countervailing duty orders imposed by the U.S., and makes up a “good portion” of the U.S. entity list, said Ross.
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Biden Endorses the Latest Bipartisan Covid Stimulus Deal, Says It ‘a Good Start'
Biden said that “more than several sitting Republican senators privately called to congratulate” him in spite of President Donald Trump’s refusal to concede.
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Brexit Trade Talks Enter ‘Last Leg' With No-Deal Deadline Just Weeks Away
The U.K. and the EU are in the “last leg of negotiations” over a post-Brexit trade agreement, with only a few weeks left to approve any potential deal.
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China's Wine Tariffs Will Have a ‘Devastating Impact' on Small Australian Producers, Trade Group Says
China’s commerce ministry on Friday announced preliminary anti-dumping duties ranging from 107% to 212% on Australian bottled wine imports.
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China Is More Concerned by Biden Than Trump, Economist Jim O'Neill Says
Joe Biden’s presidency will be a bigger problem for China than the Trump administration, economist Jim O’Neill told CNBC’s “Squawk Box Europe” on Friday.
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Biden's ‘America Is Back' Is Good News for Germany
President-elect Joe Biden’s signaling of a shift in America’s foreign policy objectives is welcome news in Berlin.
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Trump's Tariffs Could Give Biden ‘Leverage' Over China, Former White House Trade Negotiator Says
“Whether you love the tariffs or hate the tariffs, they have created leverage for United States,” said former top White House trade negotiator Clete Willems.
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India Will Likely Go for Bilateral Trade Pacts for Now — Not Mega Deals Like RCEP
India was part of the early negotiations for RCEP but said last year it would not join the world’s largest trading bloc.
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U.S. Shipping Regulator Opens Investigation Into Foreign Carriers' Business Practices at American Ports
The U.S. agriculture industry complains that foreign carriers are rejecting its exports in favor of sending back empty containers to be filled with Chinese goods.
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Biden Will Likely Have to Reimagine the Future of U.S. Economic Leadership in Asia, Says Expert
The U.S. is not party to either of the massive trade agreements signed by countries in the Asia-Pacific: TPP and RCEP.
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World's Largest Shipping Firm Reports Faster-Than-Expected Third-Quarter Rebound
Maersk, the world’s largest container shipping firm, matched third-quarter profit expectations on Wednesday amid a stronger-than-expected pickup in demand.
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Biden Must Get ‘Creative' to Regain U.S. Respect in Pacific Region, Says Ex-Fed Official Richard Fisher
“It’s going to take a great deal of time to regain that respect in the Pacific. I’m really worried about it,” ex-Dallas Fed President Richard Fisher told CNBC.