Tag: trade

US launches Asia economic forum to counter China

LOS ANGELES, United States (AFP) — The United States began a series of meetings with ministers from the Asia-Pacific in Los Angeles on Thursday at an economic summit aimed at countering China’s growing influence in the region. The two-day event is the first face-to-face meeting between members of the new Indo-Pacific Economic Prosperity Framework (IPEF), an initiative launched in May by US President Joe Biden. With this new trade partnership, the Biden administration hopes to […]

Taiwan leader confident of US trade deal

TAIPEI, Taiwan (AFP) — Taiwan is confident it can sign a trade deal with Washington, its leader told visiting US lawmakers Thursday, adding that the island “will not back down” against Chinese threats. Washington unveiled plans for formal trade talks with Taiwan in a show of support as China was staging huge military drills last month. Taiwan lives under constant threat of an invasion by China, which claims the democratically ruled island as part of […]

Pres. Marcos Jr, Pres. Widodo sign deals strengthening defense, border security, trade, regional cooperation

PBBM’s first state visit in Indonesia marks 75 years of PHL-Indonesia diplomatic relations   (Eagle News) – Philippine president Ferdinand Marcos Jr., and Indonesian president Joko Widodo both agreed to further strengthen bilateral relations as well as work towards highlighting the role of the Association of Southeast Asian Nations (ASEAN) to promote peace in the region. President Marcos Jr., is on his first state visit in Indonesia upon the invitation of President Widodo. The Philippine […]

Germany, Canada partner on transatlantic hydrogen trade

OTTAWA, Canada (AFP) — The leaders of Canada and Germany signed a green hydrogen deal on Tuesday, laying a path for a transatlantic supply chain as Europe seeks to lessen its dependence on Russian energy. “It’s a vote of confidence for Canada as a leader in clean energy,” Prime Minister Justin Trudeau said during a joint press conference with visiting German Chancellor Olaf Scholz. “We cannot as a world continue to rely on authoritarian countries […]

US governor visits Taiwan after China drills

TAIPEI, Taiwan (AFP) — A United States governor met Taiwan’s president Monday, days after Washington announced trade talks with Taipei in a show of support following China’s military threats toward the self-ruled island. Eric Holcomb, the Republican governor of the US state of Indiana, landed in Taiwan on Sunday for an “economic development trip”. US-China tensions have risen since Beijing staged huge military drills in retaliation for US House Speaker Nancy Pelosi’s visit to Taiwan […]

China’s Taiwan war games threaten more global supply chain disruption

Beijing, China | AFP by Poornima WEERASEKARA Chinese military exercises around Taiwan are set to disrupt one of the world’s busiest shipping zones, analysts told AFP, highlighting the island’s critical position in already stretched global supply chains. The drills — China’s largest-ever around Taiwan — are a major show of strength after US House Speaker Nancy Pelosi infuriated Beijing by visiting the island. The manoeuvres kicked off Thursday and will take place along some of […]

Biden undecided on China tariffs ahead of Xi call: W.House

by Sebastian Smith Agence France-Presse WASHINGTON, United States (AFP) — President Joe Biden has still not decided whether to end some trade tariffs on China ahead of a phone call expected this week with his Chinese counterpart Xi Jinping, a senior official said Tuesday. John Kirby, spokesman for the National Security Council, said the administration believes the tariffs imposed during a trade war under former president Donald Trump are not working, but that Biden has […]

Uruguay says pursuing China trade deal with or without Mercosur partners

by Hugo Olazar Agence France-Presse ASUNCION, Paraguay (AFP) — Uruguay insisted on Thursday that it would pursue a free trade deal with China with or without its partners in the South American Mercosur trade bloc. As Argentina appealed for a common front at a Mercosur summit in Paraguay, Uruguay’s President Luis Lacalle Pou stood his ground, announcing that delegations from his country and China would be meeting “in a few days” to begin free trade […]

Australia seeks end to trade rows in China meeting

BALI, Indonesia (AFP) — Australia will press China to end trade “blockages” Friday as the two nations seek to defrost icy relations with their first foreign ministers’ meeting since 2019. Foreign Minister Penny Wong said she aimed to “stabilize” relations when she meets with Chinese Foreign Minister Wang Yi later in the day on the sidelines of a Group of 20 meeting in Bali, Indonesia. “We all know we have our differences. There are challenges […]

‘I am good’: Biden falls from bike but is unhurt

US President Joe Biden took a tumble as he was riding his bicycle near his beach home in the state of Delaware Saturday morning, but was unhurt. A video from a White House pool report showed the 79-year-old president immediately getting up after his fall. He then says: “I’m good.” He was biking with First Lady Jill Biden in a state park near their beach home in Rehoboth Beach, Delaware and had stopped to talk […]

WTO strikes landmark deals package after marathon talks

  by Robin MILLARD  GENEVA, June 17, 2022 (AFP)  The World Trade Organization concluded a landmark bundle of deals Friday covering fishing subsidies, food insecurity and Covid-19 vaccines following hectic round-the-clock talks. WTO director-general Ngozi Okonjo-Iweala said trade ministers had struck an “unprecedented” number of agreements that would affect the lives of people everywhere. The talks in Geneva began Sunday and had been due to wrap up on Wednesday. But instead the WTO’s 164 members […]

Deal or no deal as WTO talks grind into second sleepless night

  by Robin Millard  Agence France-Presse GENEVA, Switzerland (AFP) — Marathon talks at the World Trade Organization aimed at stitching together a tit-for-tat deal went round the clock into Friday with a long-sought agreement on fishing subsidies still hanging in the balance. The talks were due to wrap up on Wednesday but went straight through into Friday, the sixth day, as the WTO tries to prove it still has a role in tackling big global […]