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SAN FRANCISCO, Dec 2, 2023 (AFP) – US Commerce Secretary Gina Raimondo on Saturday urged lawmakers, Silicon Valley and US allies to stop China from getting semiconductors and cutting-edge technologies key to national security. Speaking at an annual national defense forum in Simi Valley, California, Raimondo called Beijing “the biggest threat we’ve ever had” and stressed “China is not our friend.” The world’s top two economies are locked in a fierce commercial and geopolitical rivalry, […]
YANGON, Myanmar, Dec 1, 2023 (AFP) – Ethnic minority fighters clashed with Myanmar’s military on a major trade route to Thailand on Friday, blocking traffic and sending people fleeing, residents and local media said. Fighters from the Karen National Union (KNU) fought with the military at dawn in the town of Kawkareik in eastern Karen state, according to local media reports. The town sits on the Asia Highway that links the trade hub of […]
SAN FRANCISCO, Nov 14, 2023 (AFP) – President Joe Biden’s administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism. Biden, welcoming 20 other members of the Asia-Pacific Economic Cooperation (APEC) forum to San Francisco where he will meet on the sidelines with Chinese President Xi Jinping, had been expected to announce substantial progress on […]
SYDNEY, Nov 3, 2023 (AFP) – Australia’s Prime Minister Anthony Albanese flies to China on Saturday for a landmark visit, a sign that icy relations have thawed with the trading giant and strategic rival. His four-day trip to Beijing and Shanghai is the first by an Australian leader in seven years and is widely seen as recognition that relations are on a surer footing after a diplomatic breakdown that hit billions of dollars in trade. […]
BEIJING, Oct 20, 2023 (AFP) – China on Friday announced new curbs on exports of certain types of graphite, key to making batteries for electric vehicles, days after the United States slapped fresh restrictions on outflows of high-tech microchips. Washington said this week it would ramp up restrictions on exports of cutting-edge semiconductors crucial for powering artificial intelligence systems — its latest effort to curb Beijing’s access to advanced tech. China has branded Washington’s policy […]
By Peter CATTERALL, Matthew WALSH BEIJING, Oct 16, 2023 (AFP) – Ten years after toasting a budding friendship, Xi Jinping and Vladimir Putin will meet again in Beijing this week seeking to further deepen the “no-limits” partnership between their two countries. The two presidents share a strong personal bond, with Xi calling his Russian counterpart his “best friend” and Putin cherishing his “reliable partner”. Their relationship has been a constant despite a decade of increasingly […]
By James Edgar and Oliver Hotham BEIJING, Oct 14, 2023 (AFP) – Russian President Vladimir Putin heads to China next week to meet his “dear friend” Xi Jinping, forging even closer ties in a key strategic relationship in which experts say Moscow is increasingly the junior partner. Beijing is hosting representatives of 130 countries on October 17-18 to mark a decade of its Belt and Road Initiative (BRI) — a key geopolitical project of President […]
By Daniel AVIS WASHINGTON, Oct 3, 2023 (AFP) – Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday. The fractures have led to a doubling in new trade restrictions on commodities since 2021, with low-income countries bearing the brunt of the costs, the IMF announced Tuesday. “To achieve net-zero-carbon emission […]
GENEVA, Sept 19, 2023 (AFP) – China has appealed a World Trade Organization ruling faulting it over tariffs it has imposed on billions worth of US imports in retaliation for Washington’s steel and aluminium duties. The chair of WTO’s Dispute Settlement Body informed diplomats Tuesday that China had notified its decision to appeal a ruling last month by a panel of experts finding its extra tariffs violated international trade rules, a Geneva-based trade official said. […]
STOCKHOLM, Sept 11, 2023 (AFP) – Several countries have blocked imports of Swedish pork after a recent outbreak of African swine fever in wild boars in the Scandinavian country, industry officials said Monday. Armenia, Australia, Japan, the Philippines, Singapore, Taiwan and Ukraine have halted Swedish pork imports even though the disease has only been detected in wild boars at this stage, the Swedish Meat Industry Association told AFP. “This meat poses no danger… I think […]
BEIJING, Aug 29, 2023 (AFP) – China’s premier warned US officials Tuesday that moves to “politicise” trade issues would prove “disastrous” for the global economy, state media reported. US Commerce Secretary Gina Raimondo is currently on a four-day bridge-building visit to China aimed at better managing tensions between the world’s two largest economies. But a meeting with Premier Li Qiang Tuesday saw the top official lay into American trade curbs against Beijing, which Washington insists […]
In a significant achievement reported by the Bureau of Customs on Tuesday (August 8, 2023), the Philippines secures the second rank in Southeast Asia within the UN Global Survey on Digital and Sustainable Trade Facilitation 2023. This achievement is underscored by the Philippines’ Trade Facilitation score of 87.10%. This ascent from the third position in the 2021 survey underscores the nation’s unwavering momentum in modernizing trade processes and achieving top-tier customs administration standards, as stated […]
