Posts in category

Quotas and Tariffs


Israel and the United Arab Emirates are working on a free trade agreement that would reduce tariffs and introduce other economic benefits, facilitate trade and strengthen cooperation between them. This is yet another sign of the rapid development of the bonds born of the Abrahamic accords. The news was somewhat startling when Israel’s Ambassador to …

OPINION: The announcement last week of a free trade Agreement between New Zealand and the UK has sparked predictable howls of outrage from UK farmers. Already shaken by the effects of Brexit, the prospect of reduced tariffs and increased competition was seen by some as yet another nail in the coffin of their agricultural industry. …

Discussions between EU and UK officials on how to resolve post-Brexit trade concerns over Northern Ireland will resume on Tuesday (October 26th) in London. “We have engaged constructively and intensively with our British counterparts, these discussions will continue in London this week,” said a spokesperson for the committee. UK Brexit Minister David Frost and European …

NASA has set a date for testing the technologies it hopes will return to the Moon and explore Mars: February 2022. The agency on Saturday announcement that his Orion spacecraft has been stacked on top of the Space Launch System (SLS) rocket, and if all tests go well, he should perform an unmanned test flight …

ASEAN has pursued an ambitious plan for regional economic integration for almost 15 years, since the publication of the ACS first master plan in November 2007. One of the key principles of the ASEAN economic community is to do of ASEAN a huge and dynamic single market and production base. , harmonizing standards and removing …

In a recent report, the United Nations Economic and Social Commission for Asia and the Pacific (UN Escap) described the Philippines as having “imposed the highest number of NTMs (non-tariff measures) on environmental goods” in 2019, which was reported by some local media last week. While a careful reading of the report in question shows …

A major free trade agreement between New Zealand and the UK has been hailed by primary sector leaders in Waikato as a major asset for an economy suffering from Covid. Announced by the government on Thursday, the comprehensive deal “in principle” will remove tariffs entirely on 97% of goods once a final deal is reached, …

Discussions on business meetings are usually greeted with a yawn and a click on the next news item. However, last week’s meeting between the EU and the US in Pittsburgh could be an event to watch. The EU, the US and the fate of Article 232 The Inaugural Trade and Technology Council (TTC) The meeting …

Opposition presidential candidates are urged to shed the Philippines’ dependence on imported food, which has reportedly been compounded by the Duterte administration’s pro-import policy. “Civil servants, especially at the national level, must meet the most basic need of Filipinos: food. However, most presidents remain silent on food self-sufficiency. The next president must reverse Duterte’s legacy …

We’ll see a lot of haggling over the next few weeks, and a deal may well be done. In the background, however, are well-informed reports of Brussels officials making plans for a full-scale trade war. Certainly, these are clearly designed to put pressure on the Johnson government. There may be an element of bluster involved. …

Thanks to a legal battle involving a a few million pounds of Alaskan pollock, McDonald’s Filet-O-Fish is an endangered and even endangered species. The fish in question was just starting to roll out of cold storage in Canada on Wednesday as the United States and two shipping companies fight in federal court. At the heart …

Chicken is an affordable source of protein for many South Africans, and the country depends on imports to meet total demand. As the government maintains the measures it has taken to support local businesses, poultry producers fear that location policies will put the burden on consumers through sharp price hikes. The poultry organization ChickenFacts estimates …

Trade and Industry Minister Piyush Goyal called for renegotiation of India-ASEAN Free Trade Agreement (FTA) to prevent misuse by “third parties” and remove restrictions trade as well as non-tariff barriers which he said have disproportionately affected Indian exports. since the operationalization of the pact in 2010. “It is unfortunate that in the recent past we …

Italian steel production could slow if electricity and gas prices continue to rise, the president of the Italian steel producers association Federacciai, Alessandro Banzato, said at a conference attended by assisted Kallanish at the Made in Steel trade fair on Wednesday in Milan. “The recent increases in gas and electricity prices could slow down or …

Trade disputes during the Trump era saw the resurrection of “national security” tariffs such as the Section 232 tariffs authorized by the President and the executive branch. A new bipartisan bill introduced in the Senate would prevent the president from abusing tariffs. The Congressional Bicameral Trade Authority Act would subject any tariffs or quotas proposed …

International trade is the lifeblood of the global economy, providing the goods and services that are traded across borders to bring wealth and prosperity to nations. But how exactly does it work? The Organization for Economic Co-operation and Development (OECD) has tried to summarize everything in the following three tables. How trade worksInternational trade flows …

Washington DC – US Senators Pat Toomey (R-Pa.) And Mark Warner (D-Va.), Today introduced bipartisan legislation to prevent the presidential abuse of “national security” tariffs by restoring the authority of Congress on trade. Senators Tom Carper (D-Del.), John Cornyn (R-Texas), Mike Crapo (R-Idaho), Dianne Feinstein (D-Calif.), Chuck Grassley (R-Iowa), Maggie Hassan (DN.H .), Ron Johnson …

U.S. Trade Representative Katherine Tai today delivers a speech on the Biden administration’s approach to bilateral trade relations with China. American farm groups will have many questions as they listen to his remarks: Will the US work with China on a “phase two” deal? Will the Biden administration continue to maintain tariffs on Chinese products, …

With the twelfth round of negotiations for the Australia-EU free trade agreement scheduled to begin next month, many domestic cheese makers fear the federal government will make concessions on dairy products to help make the deal. Industry concerns include a ban on the use of European cheese names, such as feta and grana padano, and …

Maintaining protectionist measures such as Section 232 tariffs is necessary to create a “level playing field”, since steel producers in Canada and the European Union receive government subsidies for decarbonization, unlike other steel producers. United States steelmakers who are deploying their own capital, two major US steel producers said at a virtual roundtable. Published on …

While the coronavirus disease (COVID-19) pandemic has closed many doors over the past 18 months, industrial real estate in North America was immune to the virus, transactions for large warehouses and distribution centers of 200,000 square feet or more climbing nearly 25% in 2020, according to CBRE. The CBRE predicts the absorption of an additional …

Attempts in China to meet strict energy quotas have caused a silicon shortage, plunging already overloaded production of computer chips into chaos. It was previously reported that businesses are struggling to return to the office due to a massive shortage of microchips and that companies are desperately trying to stock up on electronic equipment but …

A CUMBRIAN farm executive says he shares the same frustration as Labor Shadow business secretary Emily Thornberry, who launched a scathing attack on government trade policy that she says will bankrupt farmers. National Farmers Union Cumbria board delegate and Red Tractor Lamb and Beef committee chairman Alistair Mackintosh said he was “concerned” about the government’s …

(MENAFN-AFP) The United States and the European Union made progress in restoring good relations this week through renewed cooperation on key trade and technology issues, but this fragile peace could be shattered again if the parties fail to resolve the dispute over US steel and aluminum tariffs. The dispute has plagued transatlantic trade relations for …

SANTA PAULA, Calif .– (COMMERCIAL THREAD) – Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packaging, sales and marketing company with related agribusiness activities and development investments Real Estate, today announced that the Company’s Board of Directors has authorized the repurchase of up to $ 10.0 million of the Company’s issued …

This article is an on-site version of our Trade Secrets newsletter. Register now here to receive the newsletter directly in your inbox from Monday to Thursday Hello from Pittsburgh, where your intrepid journalist bravely traveled (well, caught a plane) to bring you all the latest news from the premier business and tech summit hosted by …

A US Los Angeles-class fast attack submarine sails to Guam after patrolling the Pacific Ocean. A pact with Australia and the UK will see nuclear submarine technology shared with Australia in a bid to target China. | Naomi Johnson / US Navy via AP People’s world recently reported on the nuclear submarine deal concluded between …

Shadow Commerce Secretary Emily Thornberry has launched a scathing attack on government trade policy which she says will drive farmers out of business. The Labor MP said at a meeting on the sidelines of the NFU at this week’s party conference in Brighton: The world’s largest agricultural exporters. See also: The work promises a minister …

FKI President Huh Chang-soo The Federation of Korean Industries sent a thank-you letter on September 27 to U.S. Senator Jerry Moran, who said South Korea should be excluded from Section 232 of the 1962 Trade Expansion Act. Earlier this month, the senator urged the U.S. Department of Commerce and the U.S. Trade Representative‘s office to …

New members? China and Taiwan recently applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The requests were made within a week of each other, with China submitting a formal request to the agreement’s depositary, New Zealand on September 16, 2021, and Taiwan submitting its request on September 22, 2021. Entry into …

TAIPEI (Taiwan News) – About 20 types of Taiwan’s agricultural products may have to brace for a blow if the country adheres to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan has applied to join the trade bloc, which accounts for around 13% of global GDP. While the prospect of its CPTPP membership …

British Prime Minister Boris Johnson conceded that a post-Brexit trade deal with the United States was not imminent, as he said he was confident the US ban on imports of British lamb for decades would be lifting. A day after President Joe Biden downplayed the prospect of a trade deal by not pushing back on …

Ian Lloyd Neubauer is an Australian freelance journalist. Treason. Duplicity. A blow to the back. A breach of trust. These are just a few of the colorful ways that French officials have described Australia’s decision to cancel a 2016 deal to build 12 conventionally-powered submarines in favor of at least eight submarines at nuclear propulsion …

Going forward, this administration continues to seek to uphold current trade agreements, rather than taking bold steps to advance agricultural market access. Agriculture Secretary Tom Vilsack and U.S. Trade Representative Ambassador Katherine Tai spoke on September 21-22 at the annual meeting of the National Association of State Departments of Agriculture. While exports to China continue …

The administration of United States President Joe Biden could use the United States-Mexico-Canada (USMCA) trade agreement manual when negotiating with the European Union over the future of tariffs. section 232, according to a lobbying and advisory group. Published on September 23, 2021 6:08 p.m. “I think we’re going to see changes in the EU’s Article …

SANTA PAULA, Calif .– Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, sales and marketing company with agro-industry and operations related real estate development company, today announced that it has signed a memorandum of understanding with Wileman Bros. & Elliott, Inc., to unite to sell their combined citrus volumes as …

A CRS report finds that offshore aquaculture can boost economic growth if licensing reform takes place. The world is increasingly hungry for fish. Consumption of fish has outmoded population growth, but the volume of ocean fishing has stayed relatively flat for three decades. Fish farming — or fish farming– made the difference, with a production …

A post-Brexit trade deal between the United States and the United Kingdom is not expected any time soon, British Prime Minister Boris Johnson admitted on Wednesday, when he also disclosed that an American ban on the import British lambs that had been in place for decades would be lifted, the Associated Press reported. . Johnson …

By PAN PYLAS, Associated Press LONDON – British Prime Minister Boris Johnson admitted on Wednesday that a post-Brexit trade deal with the United States was not imminent, as he revealed that the United States’ import ban on British lamb, which had lasted for decades, would be lifted. A day after President Joe Biden downplayed the …

WHEATON, Illinois – (COMMERCIAL THREAD) – First Trust / Aberdeen Global Opportunity Income Fund (the “Fund” (NYSE: FAM) has reduced its regular monthly distribution of common shares to $ 0.075 per share from $ 0.08 per share. The distribution will be payable on the 15th October 2021 to shareholders of record on October 4, 2021. …

Advertising Since its conclusion last November, the trade implications of the Regional Comprehensive Economic Partnership (RCEP) have attracted immense attention. This is not surprising given its terms, the focus on trade of most free trade agreements (FTAs) and the fact that the volume of foreign direct investment (FDI) flows within the Association of Southeast Asian …

The CORDIAL engagement and re-engagement between the UK and Zimbabwe is a testament to the Second Republic working quietly and making good progress in terms of world re-engagement. It comes as the UK invited President Mnangagwa to attend the United Nations Framework Convention on Climate Change at the Scottish Event Campus in Glasgow next month, …

The summer of 2021 has been a busy one for the UK fresh produce industry. We entered it still feeling the impacts of Brexit. It took a long time to determine the basis for how we were ultimately going to leave the EU. While the final deal with no tariffs or quotas on trade between …

FILE PHOTO: Italian Minister of Economic Development Giancarlo Giorgetti attends a Senate debate ahead of a vote of confidence for the government, in Rome, Italy, February 17, 2021. Andrew Medichini / Pool via REUTERS SIENA, Italy (Reuters) – Europe should temporarily suspend tariffs on imported steel to address shortages and avoid adverse effects on industry, …

In the heart of England’s Peak District, the famous Derbyshire Stilton is made according to traditions handed down from generation to generation. Hartington Creamery has revived the practice over the past decade, producing cheese from 200 dairy cows at Pikehall Farm. Business grew to the point that the company began to export successfully to Europe, …

The leader of the Labor Party wrote a four-page letter to Ms Truss’ successor criticizing her legacy. Anne Maire Trevelyan has taken on the responsibility of sealing post-Brexit trade deals as part of a government reshuffle. In her letter, Ms Thornberry described 25 ‘mistakes to be corrected’ as she attacked Britain’s trade achievements after Brexit. …

Posted: Sep 16, 2021 / 7:41 AM EDT / Update: Sep 16, 2021 / 7:41 AM EDT LONDON (AP) – UK retailer Marks & Spencer said on Thursday it would close 11 of its stores in France, mostly in Paris, due to supply issues with fresh and chilled food linked to Britain’s departure from the …

Preparatory work for the India-UK Free Trade Agreement is underway and bilateral trade working groups are expected to conclude their talks in September, joint scoping talks are due to start on October 1, and formal trade talks could. start by November 1, 2021. India-UK economic and financial dialogue raises FTA talking points Climate change, investment …

Letter to the editor I would be grateful if Europhiles could explain to me – in no more than one side of the A4 size – why we really need the Northern Ireland protocol. I don’t see what a real job there is for revenue and customs officials – after all, there are no quotas …

Press play to listen to this article LONDON – Britain’s Liz Truss disagrees with her Cabinet colleague Priti Patel on whether a trade deal with New Zealand should allow more foreign workers to come to Britain. The international trade secretary wants visa easements with New Zealand to be discussed in ongoing talks, but the Home …

Britain is not tied to the European Union (EU), which means it can negotiate free trade deals that better suit the nation and its demands. A deal with Australia has already been reached and the UK is on track to conclude more historic deals. Express.co.uk speaks with an economic expert on the 10 countries that …

TONTITOWN, AR / ACCESSWIRE / August 27, 2021 / PAM Transportation Services, Inc. (NASDAQ: PTSI) (the “Company” or “PTSI”) today announced the preliminary results of its modified “Dutch auction” takeover bid to repurchase up to 200,000 shares of its outstanding common shares, which expired at 5:00 p.m. Eastern Time on Thursday, August 26, 2021. Based …

By BRIAN NGUGI The United States has been silent on the fate of a free trade pact after U.S. trade chief Katherine Tai met with her Kenyan counterpart Betty Maina on Monday, amid growing unease in Nairobi over the delay by Joe Biden’s administration to close the deal. Separate statements released by both Kenya’s Trade …

How wonderful that Ian “Beef Quota” Botham is the UK’s Trade Envoy to the Commonwealth of Australia. He is well known there – if not loved – and he even has some experience in the Antipodes trade himself, lending his legendary name to a range of wines from South East Australia. Botham’s wine marketing material …

High tariffs on Thai products stifle exports to Bangladesh to desired level despite strong demand, Thai official says Thailand wants to sign a Free Trade Agreement (FTA) with Bangladesh to increase bilateral trade, as tariff and non-tariff barriers hamper the promotion of trade potential between the two countries. Thai business advisor in Dhaka Khemathat Archawathamrong …

by Ethan Yang In this episode of Authors’ Corner, Ethan sits down with AIER Senior Fellow Don Boudreaux, who is also a board member of the Mercatus Center, professor of economics at George Mason University and past president of the Foundation for Economic Education. His research specialties include globalization and commerce, law and economics, and …

Britain could seek to strike a deal that would allow UK investors to invest a larger amount in the country without needing to obtain approval from the Overseas Investment Office (OIO). Experts say the OIO’s “investment screening threshold” could be part of a free trade agreement between Britain and New Zealand, which is expected to …

A marginal reduction of around 50 million euros, compared to an annual value of 2.3 billion euros in Irish beef production, would result from the ratification of the EU-Mercosur trade agreement, according to an assessment by the EU-Mercosur trade agreement commissioned by the government. Additional beef supply could be expected from Mercosur countries, but the …

The Spanish Minister of Agriculture, Fisheries and Food, Luis Planas, underlined the growing potential of foreign trade, one of the main drivers of the dynamic agrifood and fisheries sector. It is precisely the importance of foreign trade and the need to have relevant information on it that led the ministry to develop a new tool …

Recent fluctuations in building material prices have threatened to wreak havoc on otherwise well-planned and well-managed construction projects. Economists and industry professionals have identified many factors causing or contributing to these fluctuations, including closures and restrictions related to COVID-19, persistent tariffs and quotas, increased construction activity among homeowners. single-family homes, and even cases of hoarding …

The Biden administration says it is keen to forge better relations with allies abroad and has a good chance of proving that this is about trade in Asia. A comprehensive trade deal like the old Trans-Pacific Partnership appears to be politically a dead letter in Washington, alas, but a new opportunity for US leadership is …

Montgomeryshire farmers and Farmers Union of Wales officials met with local MP Craig Williams and UK Trade Policy Minister Greg Hands to bolster industry concerns over the deal free trade with Australia. Australian farms, Union officials have pointed out, enjoy significant advantages in terms of economies of scale, with the average farm size in Australia …

Gloucester beef farmer Robert Mackenzie was quite happy when he received the BBC phone call to comment on the tentative agreement to phase out UK import tariffs. Robert was contacted as the announcement was made by Prime Minister Scott Morrison and British Prime Minister Boris Johnson just after the G7 summit held last month in …

UK Farmers Union and Labor are ready to reconnect with government over UK agriculture as UK prepares to cut all tariffs on New Zealand meat in upcoming trade deal . A senior source from the Department of International Trade said City AM that the UK-New Zealand trade deal is still in the process of being …

Bruised by its divorce from the European Union, Britain is busy dating more, making new friends and reconnecting with old acquaintances. Serenade with promises of cheaper cars, whiskey and pot, Australia was the first to sign a Free Trade Agreement (FTA) with the UK, but New Zealand is not far behind. The opposition of the …

And the style for Australian produce does not cease with meat, with a majority saying they’d purchase extra wine, a 3rd needed to purchase Anzac cookies and a fifth hoped to attempt Tim Tams, kangaroo meat, lamingtons and even. Vegemite. Loading A whopping 86 % mentioned they needed extra commerce with Australia, in stark distinction …

(MENAFN – Caribbean Information World) LONDON, England – The UK and Viet Nam have a robust and rising bilateral commerce relationship and share a strategic dedication to world commerce, free motion of capital and funding, the Worldwide Commerce Division mentioned as a spotlight an vital symbolic step on this partnership. the UK-Viet Nam Free Commerce …

Talking to Categorical.co.uk, Barrie Deas, managing director of the Nationwide Federation of Fishermen’s Organizations, stated the UK and the EU had failed to handle the fisheries subject regardless of the fisheries part of the TAC. With fishermen dissatisfied with the quota share agreed with the EU, Mr Deas stated Brussels had not given the UK …

Whiskey The USA has agreed to droop tariffs on British merchandise, together with single malt whiskeys, which have been imposed in retaliation for subsidies given to plane maker Airbus. The suspension additionally covers gadgets like cheese, pork, cashmere and equipment. Tariffs will probably be suspended for a interval of 4 months. On January 1, the …

by Lewis Black, CEO of Almonty Industries Over the previous 12 months, there was an explosive want for EV batteries. All automobile producers appear to be following the identical footsteps as Tesla. In reality, Jaguar plans to grow to be an ‘all-electric luxurious model’ by 2025[1] as talked about on ABCNews. This shift can also …

A triple whammy of Covid-19, Brexit and chook flu has affected the UK poultry meat trade over the previous yr. Graeme Pricey, chairman of the British Poultry Council and former chief govt of Aviagen, mentioned poultry factories have remained open every time attainable and employees at the moment are seen as important to the meals …

AfCFTA Secretariat Basic Secretary Wamkele Mene is predicted to headline this 12 months’s first African Non-public Sector Summit, to be held March 8-12, summit organizers stated. The five-day occasion is primarily geared toward strategizing to enhance the convenience of doing enterprise in Africa and is below the auspices of the UK-based enterprise consultancy group Wealth …

To remove Commerce in items was anticipated, at the price of many new pink tape. Essential guidelines for banking and different companies haven’t been resolved. The Christmas Eve deal between the UK and the EU to settle their relationship now that the UK has withdrawn from the union has been hailed by each side as …

In an interview with Agri-PulseAg Secretary Tom Vilsack has mentioned he is able to assist aspiring black farmers purchase the acreage they want by engaged on federal land. Vilsack has made it clear that his aim as secretary is to sort out the influence of a legacy of discrimination towards minority farmers. It’s not merely …

Twin design / Shutterstock France has a protracted historical past of rejecting American cultural imports. Actually, France has fought lengthy and onerous to guard its cultural heritage from world and industrial pursuits. Though the French have watched tv for the reason that Nineteen Fifties, till 1982 the state didn’t enable personal tv or radio stations, …

LONDON (Reuters) – Britain may lose extra jobs in its fishing trade if present delays and elevated prices associated to exports to the EU after Brexit aren’t ironed out quickly, teams mentioned on Tuesday industrialists to UK authorities officers. FILE PHOTO: Fishing traps are seen close to Oban in Scotland, Britain January 8, 2021. REUTERS …

Britain’s last-minute Brexit commerce deal helped it keep away from tariffs and quotas on agri-food merchandise – however since then the difficulty of meals requirements has turn into a serious supply of friction for customers. EU / UK borders. NFU Scotland known as on each the UK authorities and the European Fee to construct on …

East Anglian farmers have welcomed an essential report that post-Brexit commerce offers ought to solely permit duty-free imports for meals that meets the identical requirements anticipated of UK producers. The brand new Commerce and Agriculture Committee was launched in July by MP for Norfolk and Minister for Worldwide Commerce Liz Truss, following campaigns by the …

Britain may lose extra jobs in its fishing business if present delays and elevated prices of exporting to the EU after Brexit usually are not ironed out quickly, business teams have instructed UK authorities officers Tuesday March 2. Talking in an inquiry by the Particular Committee on Atmosphere, Meals and Rural Affairs (EFRA), representatives of …

Precept commerce settlement On December 24, 2020, days earlier than the Brexit deadline, the UK and the EU reached a 1,000-page EU-UK commerce cooperation settlement, which successfully eradicated tariffs and quotas on their merchandise. . However in precept, he allowed the UK to erect its personal non-tariff obstacles, though the EU reserved the precise to …