Tag #Economic Diplomacy

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usa.chinadaily.com.cn

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Jul 23, 04:12

Indonesia-US Trade Deal: A Lifeline or a Handcuff?

Indonesia secured a trade deal with the US on July 16, ensuring a maximum 19 percent tariff on Indonesian exports until 2029; however, the deal involves significant commitments from Indonesia, including purchasing 50 Boeing aircraft and importing substantial amounts of US energy and agricultural pro...

Indonesia-US Trade Deal: A Lifeline or a Handcuff?

Indonesia secured a trade deal with the US on July 16, ensuring a maximum 19 percent tariff on Indonesian exports until 2029; however, the deal involves significant commitments from Indonesia, including purchasing 50 Boeing aircraft and importing substantial amounts of US energy and agricultural pro...

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What are the broader implications of Indonesia's trade commitments to the US, including potential risks and opportunities?

While the deal protects Indonesian exports, primarily labor-intensive goods like clothing and footwear, from ad-hoc tariff hikes, the 19% cap may not apply uniformly. Products with Chinese inputs face steeper duties, and additional levies exist for BRICS members, creating uncertainty for Indonesian exporters.

africa.chinadaily.com.cn

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Jul 15, 07:12

EU-China Partnership: A 50-Year Milestone Amidst Global Tensions

The 50th anniversary of EU-China diplomatic relations highlights a \$785.8 billion bilateral trade partnership countering US protectionism; both sides emphasize cooperation over bloc confrontation, with Spain playing a mediating role.

EU-China Partnership: A 50-Year Milestone Amidst Global Tensions

The 50th anniversary of EU-China diplomatic relations highlights a \$785.8 billion bilateral trade partnership countering US protectionism; both sides emphasize cooperation over bloc confrontation, with Spain playing a mediating role.

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Partnerships for the Goals

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What are the potential future impacts of EU-China collaboration on global governance and the reformation of the international order?

The EU's pursuit of strategic autonomy, alongside China's commitment to multilateralism, positions them to shape a more balanced global order. Spain's role as a mediator, leveraging its strong ties with both the EU and China, is expected to grow in importance.

fr.euronews.com

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Jul 2, 16:14

EU, US Near Preliminary Trade Deal Amid Internal Divisions

The EU and US are close to a preliminary "political agreement" to resolve their trade dispute by July 9th, avoiding a full deal due to time constraints; this framework would allow for sector-specific agreements later, but faces internal EU division, with some countries like Germany and Italy support...

EU, US Near Preliminary Trade Deal Amid Internal Divisions

The EU and US are close to a preliminary "political agreement" to resolve their trade dispute by July 9th, avoiding a full deal due to time constraints; this framework would allow for sector-specific agreements later, but faces internal EU division, with some countries like Germany and Italy support...

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How do the internal divisions within the EU regarding this agreement impact its negotiation strategy and potential outcome?

This "political agreement" would establish a basis for future, more detailed arrangements, potentially addressing some sectors while leaving others for later negotiations. The current proposal may involve a base 10% tariff on EU imports, with potential for lower tariffs in strategic sectors like aeronautics. This approach reflects the time constraints and mirrors similar agreements reached by the US with the UK and China.

brescia.corriere.it

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Jun 5, 22:15

Italy-India Trade Booms, 'Cotton Route' Aims for Broader Partnership

Lombardy's trade with India surged 10% in 2022, reaching \$5.54 billion (39% of total Italy-India trade), driven by Italian machinery, chemicals, metals, and pharmaceuticals exports, despite high import tariffs on some goods; future collaboration focuses on expanding the partnership via the 'Cotton ...

Italy-India Trade Booms, 'Cotton Route' Aims for Broader Partnership

Lombardy's trade with India surged 10% in 2022, reaching \$5.54 billion (39% of total Italy-India trade), driven by Italian machinery, chemicals, metals, and pharmaceuticals exports, despite high import tariffs on some goods; future collaboration focuses on expanding the partnership via the 'Cotton ...

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What are the key sectors driving the growth in trade between Lombardy and India, and what are the immediate implications of this growth?

Lombardy's trade with India reached \$5.54 billion in 2022, comprising 39% of total Italy-India trade. Key exports include machinery (41%), chemicals (12.95%), base metals (11%), and pharmaceuticals (9.10%). Importantly, this represents a 10% increase year-on-year.

elpais.com

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May 31, 19:10

Catalan President Promotes Global Economic Ties with Asia Trip

Catalan President Salvador Illa concluded a trip to Japan and South Korea, announcing future visits to China and a plan for multiple transoceanic trips annually to boost Catalan economic presence globally, focusing on collaborations and investment opportunities, despite no immediate economic gains.

Catalan President Promotes Global Economic Ties with Asia Trip

Catalan President Salvador Illa concluded a trip to Japan and South Korea, announcing future visits to China and a plan for multiple transoceanic trips annually to boost Catalan economic presence globally, focusing on collaborations and investment opportunities, despite no immediate economic gains.

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What immediate impacts will President Illa's multi-country trip have on Catalonia's economic relations with Asia?

Catalan President Salvador Illa concluded a trip to Japan and South Korea, announcing plans for visits to China in July and three to four transoceanic trips yearly. His aim is to increase Catalan presence globally, focusing on economic projects and collaborations.

kathimerini.gr

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May 26, 10:10

France and Vietnam sign multiple agreements amidst US trade tensions

France and Vietnam signed multiple agreements today, including a deal for 20 Airbus planes to VietJet, amidst rising US trade tensions with both nations; French President Macron is in Hanoi to strengthen ties with Vietnam.

France and Vietnam sign multiple agreements amidst US trade tensions

France and Vietnam signed multiple agreements today, including a deal for 20 Airbus planes to VietJet, amidst rising US trade tensions with both nations; French President Macron is in Hanoi to strengthen ties with Vietnam.

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Industry, Innovation, and Infrastructure

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What immediate impact will the Airbus deal have on the economic relationship between France and Vietnam?

France and Vietnam signed multiple agreements today, including a deal for 20 Airbus planes to a Vietnamese airline. This follows a similar deal last year for 20 planes. French President Macron's visit aims to strengthen French influence in Vietnam amidst US trade threats against the EU.

nbcnews.com

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Jul 23, 04:12

US-Japan Trade Deal: 15% Tariff, $550 Billion Investment

President Trump announced a trade deal with Japan, lowering tariffs to 15% and securing a $550 billion Japanese investment in the US, despite recent political instability in Japan and previous threats of higher tariffs.

US-Japan Trade Deal: 15% Tariff, $550 Billion Investment

President Trump announced a trade deal with Japan, lowering tariffs to 15% and securing a $550 billion Japanese investment in the US, despite recent political instability in Japan and previous threats of higher tariffs.

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How did political factors in Japan and the US influence the negotiation and outcome of this trade deal?

The deal significantly alters US-Japan trade relations, reducing threatened tariffs while securing substantial Japanese investment in the US. This investment aims to generate profits, with 90% allocated to the US, though the specifics remain unclear. The agreement comes amidst political challenges for Japan's government.

theglobeandmail.com

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Jul 8, 07:16

Canada Shifts Trade Focus to Asia, Reducing US Dependence

Canadian Foreign Affairs Minister Anita Anand is visiting Japan and Malaysia to advance a new trade diversification strategy focused on Asia, aiming to reduce reliance on the US market and expand into high-growth economies.

Canada Shifts Trade Focus to Asia, Reducing US Dependence

Canadian Foreign Affairs Minister Anita Anand is visiting Japan and Malaysia to advance a new trade diversification strategy focused on Asia, aiming to reduce reliance on the US market and expand into high-growth economies.

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What are the immediate impacts of Canada's strategy to diversify trade away from the United States and toward Asia?

Canada is actively diversifying its trade relations, shifting focus from the United States towards Asian markets. Minister Anand's visit to Japan and Malaysia this week, coupled with Prime Minister Carney's planned Asia trip this fall, underscores this strategic shift. This diversification aims to reduce reliance on the US market and access the growth potential of Asian economies.

europe.chinadaily.com.cn

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Jun 13, 07:12

China Approves More Rare Earth Export Licenses Amid US Trade Talks

China approved additional rare earth export licenses, aiming for compliant trade while managing its dominant global market share (61 percent of global production and 92 percent of global processing capacity in 2023); this follows recent US-China trade talks focusing on rare earth export controls, wi...

China Approves More Rare Earth Export Licenses Amid US Trade Talks

China approved additional rare earth export licenses, aiming for compliant trade while managing its dominant global market share (61 percent of global production and 92 percent of global processing capacity in 2023); this follows recent US-China trade talks focusing on rare earth export controls, wi...

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Responsible Consumption and Production

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How does China's approach to rare earth exports relate to ongoing trade negotiations with the US?

This follows recent trade talks between the US and China, where rare earth export controls were likely a key discussion point. China's actions reflect a strategy to manage its dominant role in the rare earth market, aiming to avoid disrupting global supplies while also safeguarding its own interests. Data shows China's overwhelming dominance in rare earth production and processing, supplying a significant portion of US imports between 2020 and 2023.

smh.com.au

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Jun 5, 10:14

EU Backs Kazakhstan Graphite Project for Critical Raw Materials Supply

Sarytogan Graphite's 229-million-tonne Kazakhstan graphite project, averaging 28.9% total graphitic carbon across 66Mt, secured EU strategic project status under the Critical Raw Materials Act, aiming to diversify Europe's supply chains and boost economic security.

EU Backs Kazakhstan Graphite Project for Critical Raw Materials Supply

Sarytogan Graphite's 229-million-tonne Kazakhstan graphite project, averaging 28.9% total graphitic carbon across 66Mt, secured EU strategic project status under the Critical Raw Materials Act, aiming to diversify Europe's supply chains and boost economic security.

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Industry, Innovation, and Infrastructure

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How does this project contribute to the EU's broader strategy for securing critical raw material supplies?

The EU's action reflects its strategy to diversify critical raw material supply chains and reduce reliance on single sources. The partnership with Kazakhstan, evidenced by a 2022 MoU and substantial trade (US$49.7 billion in the first nine months of 2024), aims to integrate sustainable value chains for raw materials, batteries, and renewable hydrogen. This project exemplifies this collaboration.

it.euronews.com

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May 30, 13:14

Italy and Kazakhstan Sign Eight Agreements, Strengthening Strategic Partnership

Eight agreements were signed between Italy and Kazakhstan on May 26, 2024, covering energy, critical raw materials, water management, and trade, marking a strengthening of bilateral strategic partnership and showcasing Italy's leading role in EU-Central Asia relations.

Italy and Kazakhstan Sign Eight Agreements, Strengthening Strategic Partnership

Eight agreements were signed between Italy and Kazakhstan on May 26, 2024, covering energy, critical raw materials, water management, and trade, marking a strengthening of bilateral strategic partnership and showcasing Italy's leading role in EU-Central Asia relations.

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What specific economic and political impacts will result from the eight agreements signed between Italy and Kazakhstan?

During Italian Prime Minister Giorgia Meloni's visit to Kazakhstan, eight agreements were signed, covering areas from energy infrastructure to water management. This follows Italy's initiative in establishing a stable format for sharing ideas with Central Asian states, demonstrated by the first EU-Central Asia summit in April, upgrading relations to a strategic partnership level.

es.euronews.com

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May 25, 13:11

\$600 Billion in US-Saudi Agreements Highlight Kingdom's Growing Global Influence

President Trump's four-day visit to Saudi Arabia, UAE, and Qatar resulted in over \$600 billion in US-Saudi Arabian agreements across diverse sectors, showcasing Saudi Arabia's growing global influence and the success of its Vision 2030 plan.

\$600 Billion in US-Saudi Agreements Highlight Kingdom's Growing Global Influence

President Trump's four-day visit to Saudi Arabia, UAE, and Qatar resulted in over \$600 billion in US-Saudi Arabian agreements across diverse sectors, showcasing Saudi Arabia's growing global influence and the success of its Vision 2030 plan.

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How does the Diriyah project exemplify Saudi Arabia's broader economic diversification and international engagement strategies?

The agreements significantly bolster US-Saudi relations, reflecting Saudi Arabia's strategic importance and its Vision 2030 plan's progress. The influx of foreign investment, including numerous regional headquarters in Riyadh, showcases the kingdom's growing economic power.

Showing 13 to 24 of 78 results