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After a cluster of nations in the Asia-Pacific region inked a trade deal over the weekend, President-elect Joe Biden on Monday said the U.S. should be focused on setting the “rules of the road” rather than sitting on the sidelines.
Asia-Pacific Economic Cooperation leaders on Monday called for the acceleration of negotiations over World Trade Organization reform and identified an “urgent need” for members to enhance digital trade cooperation.
A 2012 meeting with Xi Jinping (when both were VPs), and more from the president-elect’s trade past.
New Chinese export controls could be incompatible with the U.S. export control regime, forcing businesses to choose which set of rules to follow, trade lawyers warned last week.
As the European Union undertakes its transition to more sustainable agriculture – including ambitious targets on reducing pesticide, fertilizer and antimicrobial use – the bloc is trying to ease the increasing consternation of Trump administration officials by insisting its goal is global cooperation, not domination, on sustainability.
Asia-Pacific Economic Cooperation leaders next week are expected to deliver a framework for the next 20 years that will feature trade and the digital economy as focal points, as well as COVID-19 recovery strategies, a State Department official said on Thursday.
The U.S. is relying on incomplete information in its analysis of Vietnam’s currency practices, according to the chief economist of the state-owned Bank for Investment and Development of Vietnam.
“The U.S. and Japan now need to think bigger, broader, harder and in greater unison about how to maximize our collective impact on urgent regional and global challenges.”
Members called the deal an “important confidence-building exercise” as the EU and China discuss a bilateral investment agreement.
The incoming Biden administration will bring a much different tone to the U.S.-China relationship but will have to reinstate policy-making processes, recommit to allies and establish clear policy goals before engaging with Beijing on trade issues, analysts said this week.
China’s State Council on Monday issued guidelines on how to boost foreign trade, instructing all state agencies to use an increased focus on domestic innovation to boost exports of high-tech products while stabilizing supply chains in China.
The Trump administration has handed the incoming Biden team a blueprint for intellectual property protection and enforcement through 2023, if it chooses to follow it, emphasizing enhanced coordination with like-minded countries as well as the inclusion of strong provisions in trade pacts.
A look at our recent coverage of China’s fall plenum and the emergence of the new (but how new?) “dual circulation” strategy.
Americans for Free Trade says “having a predictable, fair, and transparent product exclusion process is vital to creating a modicum of certainty for American businesses.”
President-elect Joe Biden could find common ground with Republicans leading the Senate in dealing with China via trade policy but may have to temper his ambitions to mollify progressives in his party, analysts told Inside U.S. Trade in the weeks leading up to Election Day.
A China Daily editorial says “If there is to be a resetting of relations, the [phase-one] trade deal is clearly the point to start from.”
China is stockpiling a variety of commodities at unprecedented rates because Beijing is working to fill phase-one obligations and because prices are low due to the global recession, according to analysts.
Chinese officials this week said they were doubling down on a commitment to open up a historically closed market and expand imports, pledging more import credit financing, increased services imports and some liberalization of its government procurement market.
Chinese President Xi Jinping on Wednesday said China wants to negotiate and sign more free trade agreements as it aims to conclude talks with the European Union, Japan and South Korea and conclude Regional Comprehensive Economic Partnership negotiations.