Tag #Free Trade

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abcnews.go.com

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Sep 17, 10:19

Mercosur and EFTA Sign Free Trade Deal Amidst US Trade Tensions

Mercosur, a South American trade bloc, signed a free trade agreement with Iceland, Liechtenstein, Norway, and Switzerland (EFTA) on Tuesday, creating a free trade zone of almost 300 million people and a combined GDP of over $4.3 trillion, amid rising US protectionism.

Mercosur and EFTA Sign Free Trade Deal Amidst US Trade Tensions

Mercosur, a South American trade bloc, signed a free trade agreement with Iceland, Liechtenstein, Norway, and Switzerland (EFTA) on Tuesday, creating a free trade zone of almost 300 million people and a combined GDP of over $4.3 trillion, amid rising US protectionism.

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What is the immediate impact of the Mercosur-EFTA free trade agreement?

The agreement creates a free trade zone encompassing nearly 300 million people and a GDP exceeding \$4.3 trillion. It aims to increase market access for over 97% of exports from both sides, potentially lowering prices for goods like Swiss chocolate and Norwegian cod in South America, and South American beef in Europe.

euronews.com

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Sep 3, 16:20

EU Launches Ratification of Mercosur Trade Deal, Addressing French Concerns

The European Commission initiated the ratification process for its trade agreement with Argentina, Brazil, Paraguay, and Uruguay, including a declaration to monitor market disruptions for sensitive EU products like beef and poultry, aiming to secure approval from resistant member states, particularl...

EU Launches Ratification of Mercosur Trade Deal, Addressing French Concerns

The European Commission initiated the ratification process for its trade agreement with Argentina, Brazil, Paraguay, and Uruguay, including a declaration to monitor market disruptions for sensitive EU products like beef and poultry, aiming to secure approval from resistant member states, particularl...

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What immediate impact will the inclusion of the market disruption monitoring declaration have on the ratification process?

The declaration, a key demand from France, directly addresses French farmers' concerns about unfair competition from Mercosur products. This concession aims to secure French approval, currently essential for the agreement's ratification, as France previously threatened to block it.

elmundo.es

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Jul 29, 04:12

EU Concedes in US Trade Deal, Potentially Undermining Free Trade Principles

The EU and US reached a trade agreement where the EU made significant concessions to avoid a trade war, involving a 15% general tariff (higher for steel and aluminum), potentially jeopardizing its commitment to free trade principles and multilateralism.

EU Concedes in US Trade Deal, Potentially Undermining Free Trade Principles

The EU and US reached a trade agreement where the EU made significant concessions to avoid a trade war, involving a 15% general tariff (higher for steel and aluminum), potentially jeopardizing its commitment to free trade principles and multilateralism.

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How does the EU's decision to concede in the trade agreement affect its long-term economic strategy and relations with other countries?

The EU's decision to concede in the trade deal marks a departure from its previous stance on multilateral trade rules. This agreement could lead to higher prices and reduced consumer purchasing power in the US, potentially hindering its economic growth. The EU's acceptance of reciprocal tariffs signifies a potential end to the Most Favored Nation clause, weakening global trade norms.

africa.chinadaily.com.cn

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Jul 24, 07:15

Hainan Launches Independent Customs Operation, Boosting Free Trade

Hainan's island-wide independent customs operation, starting December 18, will significantly reduce business costs, expand zero-tariff goods to 6,600 tariff lines (74 percent of all lines), and simplify import procedures, boosting free trade and attracting foreign investment.

Hainan Launches Independent Customs Operation, Boosting Free Trade

Hainan's island-wide independent customs operation, starting December 18, will significantly reduce business costs, expand zero-tariff goods to 6,600 tariff lines (74 percent of all lines), and simplify import procedures, boosting free trade and attracting foreign investment.

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What are the immediate economic impacts of Hainan's new independent customs operation?

Hainan's independent customs operation, launching December 18, will significantly reduce business costs and boost free trade by expanding zero-tariff goods from 1,900 to 6,600 tariff lines. This will simplify import procedures for businesses and travelers, eliminating extra documentation for most goods and travelers from 85 countries.

europe.chinadaily.com.cn

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Jul 24, 07:15

Hainan Launches Independent Customs Operation, Boosting Free Trade

Hainan Free Trade Port will implement an island-wide independent customs operation on December 18, 2024, significantly expanding zero-tariff goods to 6,600 tariff lines, reducing business costs, and attracting foreign investment to boost free trade.

Hainan Launches Independent Customs Operation, Boosting Free Trade

Hainan Free Trade Port will implement an island-wide independent customs operation on December 18, 2024, significantly expanding zero-tariff goods to 6,600 tariff lines, reducing business costs, and attracting foreign investment to boost free trade.

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What long-term implications will this policy have on China's overall trade strategy and its integration into the global economy?

This policy positions Hainan as a high-level opening-up gateway, countering global protectionism. Further reforms are planned to align with international trade rules, fostering industrial clusters and driving growth in emerging sectors. Foreign companies are already investing, signaling confidence in Hainan's economic potential.

french.china.org.cn

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Jul 8, 07:16

China Vows International Cooperation to Revitalize Global Economy

Chinese Premier Li Qiang pledged to cooperate internationally to restore global economic growth, citing the negative effects of unilateralism and protectionism on world trade and highlighting China's proactive macroeconomic policies and planned further market opening.

China Vows International Cooperation to Revitalize Global Economy

Chinese Premier Li Qiang pledged to cooperate internationally to restore global economic growth, citing the negative effects of unilateralism and protectionism on world trade and highlighting China's proactive macroeconomic policies and planned further market opening.

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What are the long-term implications of China's economic policies for global trade and the role of the WTO?

China's proactive stance, involving both domestic stimulus and international cooperation, suggests a strategic approach to navigate global economic challenges. The success of this strategy will significantly impact the global economy, potentially influencing trade relations and the effectiveness of multilateral institutions like the WTO.

french.china.org.cn

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Sep 10, 07:22

China and Portugal Strengthen Economic Ties Amidst Global Protectionism

Chinese Premier Li Qiang and Portuguese Prime Minister Luis Montenegro affirmed commitment to bolster bilateral cooperation, emphasizing free trade amid rising global protectionism, during a Tuesday meeting in Beijing, marking the 20th anniversary of their strategic partnership.

China and Portugal Strengthen Economic Ties Amidst Global Protectionism

Chinese Premier Li Qiang and Portuguese Prime Minister Luis Montenegro affirmed commitment to bolster bilateral cooperation, emphasizing free trade amid rising global protectionism, during a Tuesday meeting in Beijing, marking the 20th anniversary of their strategic partnership.

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How does this agreement address broader global economic concerns?

The agreement directly counters rising global protectionism by emphasizing free trade and multilateral cooperation. Both leaders voiced concerns about unilateralism and protectionist measures impacting the international order, committing to coordinate efforts on platforms like the UN to advocate for open and fair trade.

welt.de

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Aug 27, 16:22

Global Embrace of Free Trade Yields Trillions in Economic Gains

Amidst growing global support for free trade, wealthy OECD nations stand to gain $6.7 trillion, while lower-income countries anticipate a $1.4 trillion increase, despite relatively small costs; this highlights the need for policies that distribute the benefits more equitably.

Global Embrace of Free Trade Yields Trillions in Economic Gains

Amidst growing global support for free trade, wealthy OECD nations stand to gain $6.7 trillion, while lower-income countries anticipate a $1.4 trillion increase, despite relatively small costs; this highlights the need for policies that distribute the benefits more equitably.

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Reduced Inequality

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What are the immediate economic impacts and global implications of the increasing global support for free trade?

A growing global consensus favors free trade, with even the US now supporting it, alongside the EU's pursuit of trade deals and cooperation between rivals like China, South Korea, and Japan. This shift from protectionism suggests a recognition that specialization benefits all nations, rejecting the zero-sum game perception of trade.

telegraaf.nl

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Jul 28, 13:17

US-EU Trade Deal Averts Trade War with 15% Tariff

The US and EU reached a trade deal where the US will impose a 15% tariff on various EU goods, some sectors will have reciprocal import tax removal, steel and aluminum will be subject to quotas, and the EU committed to $750 billion in energy purchases, avoiding a potential trade war.

US-EU Trade Deal Averts Trade War with 15% Tariff

The US and EU reached a trade deal where the US will impose a 15% tariff on various EU goods, some sectors will have reciprocal import tax removal, steel and aluminum will be subject to quotas, and the EU committed to $750 billion in energy purchases, avoiding a potential trade war.

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How do the varied reactions of different EU member states reflect the deal's uneven impact and underlying tensions within the EU?

This agreement balances US demands for tariff revenue with EU priorities for market stability and predictable trade relations. The $750 billion energy commitment from the EU is a significant concession aimed at mitigating trade imbalances. The varied responses from EU member states, ranging from relief to criticism, highlight the deal's uneven impact across different sectors and national interests.

usa.chinadaily.com.cn

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Jul 24, 04:12

Hainan Launches Independent Customs Operation, Boosting Free Trade

Hainan's island-wide independent customs operation, starting December 18th, will significantly reduce business costs, expand zero-tariff goods to 6,600 tariff lines (74 percent of all tariff lines), and simplify import procedures, attracting investment and boosting free trade.

Hainan Launches Independent Customs Operation, Boosting Free Trade

Hainan's island-wide independent customs operation, starting December 18th, will significantly reduce business costs, expand zero-tariff goods to 6,600 tariff lines (74 percent of all tariff lines), and simplify import procedures, attracting investment and boosting free trade.

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What are the immediate economic impacts of Hainan's new independent customs operation, and how will it affect global trade?

Hainan's new independent customs operation, launching December 18th, will significantly reduce business costs and boost free trade by expanding zero-tariff goods from 1,900 to 6,600 tariff lines and streamlining import procedures. This will attract investment and stimulate economic growth within the Hainan Free Trade Port.

usa.chinadaily.com.cn

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Jul 9, 04:14

Li Qiang Urges Open World Economy, Greater BRICS Cooperation at BRICS Summit

At the 17th BRICS Summit in Rio de Janeiro on July 23-24, Premier Li Qiang advocated for an open world economy, opposing unilateralism and protectionism, and called for greater BRICS cooperation to address global economic challenges and promote sustainable development, including specific initiatives...

Li Qiang Urges Open World Economy, Greater BRICS Cooperation at BRICS Summit

At the 17th BRICS Summit in Rio de Janeiro on July 23-24, Premier Li Qiang advocated for an open world economy, opposing unilateralism and protectionism, and called for greater BRICS cooperation to address global economic challenges and promote sustainable development, including specific initiatives...

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How does Premier Li's emphasis on the New Development Bank and WTO reform reflect China's broader economic and geopolitical strategy?

Premier Li's speech highlights China's commitment to multilateralism and its concerns about the current international economic order. His emphasis on boosting BRICS cooperation, promoting trade liberalization, and supporting developing countries reflects China's growing global influence and its desire to reshape international institutions to better represent the interests of the Global South. China's proactive approach to supporting developing nations through initiatives like the 200 training programs on the digital economy underscores this commitment.

spanish.china.org.cn

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Jun 12, 07:12

China and Spain Reaffirm Strategic Partnership Amidst Global Uncertainty

Chinese Vice Premier Han Zheng and Spanish Prime Minister Pedro Sánchez met in Madrid on Wednesday, reaffirming their commitment to a strong comprehensive strategic partnership, emphasizing mutually beneficial cooperation and support for multilateralism and free trade, particularly important given t...

China and Spain Reaffirm Strategic Partnership Amidst Global Uncertainty

Chinese Vice Premier Han Zheng and Spanish Prime Minister Pedro Sánchez met in Madrid on Wednesday, reaffirming their commitment to a strong comprehensive strategic partnership, emphasizing mutually beneficial cooperation and support for multilateralism and free trade, particularly important given t...

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Partnerships for the Goals

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How does the 20th anniversary of the comprehensive strategic partnership between China and Spain influence the current dynamics and future trajectory of their relationship?

This meeting, occurring on the 20th anniversary of the establishment of the partnership, underscores the ongoing commitment between China and Spain. Both leaders stressed the significance of maintaining free trade and multilateralism, particularly amidst a volatile international landscape. Sánchez's recent trip to China further cemented this collaboration.

Showing 1 to 12 of 79 results