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FEATURED
ARTICLES

Survey: U.S. companies in China happy with phase-one deal, unsure if worth the cost

Survey: U.S. companies in China happy with phase-one deal, unsure if worth the cost

14 February 2020

While the majority of U.S. businesses in China are happy with the phase-one trade deal struck last month, more than half say it’s too soon to tell whether the deal will be worth the cost of Section 301 tariffs, according to a U.S.-China Business Council survey released on Thursday. The group represents 230 members in… Read more »

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House appropriators press USDA on trade aid package

House appropriators press USDA on trade aid package

14 February 2020

House Appropriations Committee members on Tuesday grilled the Agriculture Department’s inspector general over the Trump administration’s bailout fund for farmers hurt by trade tensions, singling out payments to a Brazilian meatpacker for scrutiny. The Trump administration has allocated $28 billion over two years to farmers hit by retaliatory tariffs imposed by China and other countries… Read more »

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Global defence spending is on the rise in an unstable world

Global defence spending is on the rise in an unstable world

14 February 2020

n 2019 global defence spending rose by some 4% over 2018 – the highest year-on-year increase in a decade. The figures are included in this year’s Military Balance – the annual publication of the International Institute for Strategic Studies (IISS), which is to be launched later this morning at the Munich Security Conference. Appropriately, defence… Read more »

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MWC 2020: Smartphone showcase cancelled over coronavirus fears

MWC 2020: Smartphone showcase cancelled over coronavirus fears

12 February 2020

The world’s largest mobile phone showcase, Mobile World Congress (MWC), has been cancelled over coronavirus concerns, organisers have confirmed. The GSM Association (GSMA) said it had become “impossible” for the event to go ahead as planned in Barcelona. BT, Facebook, LG, Nokia, Sony and Vodafone were among the high-profile exhibitors to have pulled out of… Read more »

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Brexit: Border delays ‘could cause fresh food problems’

Brexit: Border delays ‘could cause fresh food problems’

11 February 2020

Post-Brexit transition border checks could cause fresh food supply problems, an industry body has warned. Shoppers will notice the supply issues next January unless there is a “massive upgrade” in border facilities, the British Retail Consortium said. The warning came after cabinet minister Michael Gove said that border checks are “inevitable” after the Brexit transition… Read more »

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UK GDP: British economy stalls amid political uncertainty

UK GDP: British economy stalls amid political uncertainty

11 February 2020

The British economy failed to grow in the final three months of 2019 amid political uncertainty over Brexit and the snap general election. The Office for National Statistics said growth in gross domestic product (GDP) flatlined between October and the end of December, as consumer spending slumped over the Christmas shopping period and manufacturing output nosedived in… Read more »

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UK trade will thrive despite border checks, says chancellor

UK trade will thrive despite border checks, says chancellor

11 February 2020

UK trade will thrive despite the introduction of UK border checks after the Brexit transition period, the chancellor has said. Sajid Javid admitted frictionless trade with the EU would be “over” but said that Britain would have a “better future”. Earlier, an industry body warned border checks on imports could cause fresh food supply problems. But… Read more »

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Brexit divorce: Five key things the UK must navigate

Brexit divorce: Five key things the UK must navigate

9 February 2020

After cohabiting with the European Union (EU) for 47 years, the UK is now free to play the field. But as is already clear, wooing new suitors while also trying to keep a civil footing with the ex will be tricky. With less than one year to thrash out a trading deal, here are five… Read more »

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Commerce releases final rule to address currency undervaluation with CVDs

Commerce releases final rule to address currency undervaluation with CVDs

8 February 2020

The Commerce Department on Monday published a final regulation governing the use of countervailing duties on countries that undervalue their currencies relative to the U.S. dollar.  Commerce last May released a draft rule that prompted some questions about how the proposal would be implemented and whether it would give the agency too much authority, among other concerns…. Read more »

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China halving some retaliatory tariffs on U.S. goods

China halving some retaliatory tariffs on U.S. goods

7 February 2020

China on Thursday announced it would cut in half some of the retaliatory tariffs on $75 billion worth of U.S. goods it imposed last September “to promote the healthy and stable development of Sino-U.S. economic and trade relations,” according to Beijing’s Ministry of Finance. The tariff cuts, set to take effect on Feb. 14, apply… Read more »

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Azevêdo: WTO was not built to deal with currency devaluation

Azevêdo: WTO was not built to deal with currency devaluation

7 February 2020

After the Trump administration on Tuesday issued a regulation detailing how Commerce can levy countervailing duties if other countries devalue their currencies, the head of the World Trade Organization warned that WTO rules are not designed to handle exchange rate policy. “If you’re going to get [the WTO] to fix currency, it’s going to fail,”… Read more »

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Trump’s steel and aluminum tariffs are cascading out of control

Trump’s steel and aluminum tariffs are cascading out of control

7 February 2020

President Donald Trump’s brazen move in late January to extend his previously imposed “national security” tariffs on steel and aluminum to cover even more products was greeted with a collective yawn by many weary of his unending trade wars. But this latest action was significant because, explicitly for the first time, Trump was imposing new tariffs to… Read more »

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China halves tariffs on more than 1,700 US goods

China halves tariffs on more than 1,700 US goods

6 February 2020

China plans to halve tariffs on 1,717 goods it imports from the US as the country faces the fresh challenge of the coronavirus. Chinese officials said tariffs on some goods would be cut to 5% from 10%, and on others from 5% to 2.5%. The two countries have been stuck in a long-running trade war… Read more »

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Trump acquitted by Senate in impeachment trial

Trump acquitted by Senate in impeachment trial

6 February 2020

President Donald Trump has been found not guilty in his impeachment trial, ending a bid to remove him from office that bitterly divided the US. The Senate, run by the president’s fellow Republicans, voted to acquit him 52-48 on charges of abuse of power and 53-47 on obstruction of Congress. Democrats charged Mr Trump in… Read more »

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China’s economic growth hits 30-year low

China’s economic growth hits 30-year low

5 February 2020

China’s economy grew last year at the slowest pace in almost three decades. Official figures show that the world’s second largest economy expanded by 6.1% in 2019 from the year before – the worst figure in 29 years. The country has faced weak domestic demand and the impact of the bitter trade war with the… Read more »

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Colombia’s central bank sees GDP growth close to potential, paving way for rate rise

Colombia’s central bank sees GDP growth close to potential, paving way for rate rise

5 February 2020

BOGOTA, Feb 5 (Reuters) – Colombia’s economy grew close to its long-term target in 2019, the country’s central bank said on Wednesday, adding it expects that trend to continue for the next two years, prompting a likely increase in the benchmark interest rate. The central bank has maintained borrowing costs at 4.25% since April 2018… Read more »

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Aviation not the enemy in climate battle, says Heathrow boss

Aviation not the enemy in climate battle, says Heathrow boss

4 February 2020

Flying is not “the enemy” in the fight against climate change, the chief executive of Heathrow Airport has said. John Holland-Kaye told the BBC’s Today programme: “The answer is not to stop people flying. It has to be about decarbonising aviation.” The UK’s aviation industry is promising to reduce its net carbon emissions to zero… Read more »

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Coronavirus and oil: Why crude has been hit hard

Coronavirus and oil: Why crude has been hit hard

4 February 2020

The world’s biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus. Representatives of oil producers’ cartel Opec and its allies are expected to meet this week as calls grow for action to support oil prices. The cost of crude has hit its lowest level in a… Read more »

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Ports plan for Brexit Irish Sea checks

Ports plan for Brexit Irish Sea checks

3 February 2020

The biggest operator of ferries in the Irish Sea has confirmed that there will be checks, inspections and some new infrastructure for trade, and it wants to know what the government will pay for. The plans will affect both trade with the Republic of Ireland and within the UK between Great Britain and Northern Ireland,… Read more »

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Brexit: What will change after Friday, 31 January?

Brexit: What will change after Friday, 31 January?

1 February 2020

Now that the UK has formally left the European Union, it immediately enters an 11-month transition period. During the transition the UK will continue to obey EU rules and pay money to the EU. Most things will stay the same but there will be some changes: 1. UK MEPs lose their seats Familiar faces such… Read more »

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EU, China, others declare intent to negotiate interim WTO Appellate solution

EU, China, others declare intent to negotiate interim WTO Appellate solution

31 January 2020

The European Union, China, Canada, Mexico and more than a dozen other countries plan to negotiate an interim appellate process at the World Trade Organization now that the Appellate Body has been rendered unusable, they announced on Jan. 24. The U.S. did not join them. The Appellate Body lost its quorum needed to hear new… Read more »

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Manufacturers urge clarity on post-Brexit trade

Manufacturers urge clarity on post-Brexit trade

31 January 2020

The UK’s biggest manufacturing lobby groups are calling for more clarity as efforts to establish a new post-Brexit trading relationship gather pace. Yesterday, ahead of Britain’s departure from the EU on Friday, representatives of business organisations met the senior cabinet minister Michael Gove to express their concerns. “It’s clear that government are serious about engaging… Read more »

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Democrats’ bid for new Trump impeachment witnesses likely to fall short

Democrats’ bid for new Trump impeachment witnesses likely to fall short

31 January 2020

WASHINGTON (Reuters) – Democrats appeared to have fallen short on Thursday in their bid to garner the votes needed to call witnesses in President Donald Trump’s impeachment trial, clearing the way for his likely acquittal as early as this weekend. Democrats have worked to get at least four Republicans to support the effort, but their… Read more »

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Trump signs US Mexico Canada Agreement

Trump signs US Mexico Canada Agreement

29 January 2020

US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries’ existing deal closer to fruition. The US Mexico Canada Agreement (USMCA) is set to replace the 1994 North American Free Trade Agreement (Nafta). Mr Trump has described Nafta as America’s “worst”… Read more »

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Republicans hopeful Senate will acquit Trump in impeachment trial as early as Friday

Republicans hopeful Senate will acquit Trump in impeachment trial as early as Friday

29 January 2020

WASHINGTON (Reuters) – A Democratic push to force Republicans to accept witnesses at President Donald Trump’s impeachment trial in the U.S. Senate appeared to be flagging on Wednesday, raising the possibility he could be acquitted as early as Friday. As senators questioned both the Trump legal team and the Democratic managers of the trial, Trump… Read more »

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IT’S OFFICIAL: Trump signs revised NAFTA, fulfilling campaign pledge as impeachment scandal unfolds

IT’S OFFICIAL: Trump signs revised NAFTA, fulfilling campaign pledge as impeachment scandal unfolds

29 January 2020

President Donald Trump signed a revised version of the 25-year-old North American Free Trade Agreement on Wednesday, fulfilling a central campaign promise as an impeachment trial against him unfolded in the Senate less than a year ahead of the November election. Speaking at a White House ceremony on the South Lawn, Trump portrayed the replacement… Read more »

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U.S. budget deficit is likely to top $1 trillion despite a strong economyD

U.S. budget deficit is likely to top $1 trillion despite a strong economyD

28 January 2020

WASHINGTON —  An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1-trillion barrier this year despite a healthy economy. The Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes used to help finance the Affordable Care Act. Those… Read more »

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Mexico posts biggest trade surplus in over 20 years on weak imports

Mexico posts biggest trade surplus in over 20 years on weak imports

28 January 2020

MEXICO CITY (Reuters) – Mexico posted a trade surplus of $1.283 billion in December when adjusted for seasonal swings, making for the highest annual surplus in over two decades and bolstering economic data at the close of the year, official data showed on Tuesday. The Mexican economy has teetered on the verge of recession during… Read more »

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Coronavirus fears hit global shares and oil price

Coronavirus fears hit global shares and oil price

27 January 2020

Worries over the continued spread of the coronavirus have hit financial markets, with stocks from Wall Street to Tokyo declining. The three main US indexes closed down more than 1.5%, while London’s FTSE 100 index ended almost 2.3% lower. Firms with significant sales in China were among the hardest hit. The coronavirus has killed 81… Read more »

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Brexit: Zero tariff, zero quota aim for trade talks, says Barclay

Brexit: Zero tariff, zero quota aim for trade talks, says Barclay

26 January 2020

The government is aiming to secure a “zero tariff, zero quota” free trade deal with the EU, Brexit Secretary Stephen Barclay has said. He told the BBC’s Andrew Marr the UK would not diverge from current EU trade regulations “for the sake of it”. Mr Barclay added the government’s objectives for the trade talks would… Read more »

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Brexit: US ‘wants to reach trade deal with UK this year’

Brexit: US ‘wants to reach trade deal with UK this year’

25 January 2020

The US wants to agree a post-Brexit trade deal with the UK this year, the country’s treasury secretary has said. After meeting Chancellor Sajid Javid in London, Steve Mnuchin said he believed the UK could negotiate trade deals with the US and EU at the same time. “I’m quite optimistic,” he told a Chatham House… Read more »

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U.S.-China Business Council: Phase-two deal should cover tech policy, subsidies, SOE rules

U.S.-China Business Council: Phase-two deal should cover tech policy, subsidies, SOE rules

25 January 2020

China’s technology policies, industrial subsidies and rules for state-owned enterprises are three key areas that must be addressed in subsequent negotiations between the U.S. and Beijing, according to the U.S.-China Business Council, which this week joined other business groups in pushing for more talks. Though he lauded the phase-one deal that was signed on Wednesday,… Read more »

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Amid renewed U.S. tariff threats, von der Leyen strikes optimistic tone

Amid renewed U.S. tariff threats, von der Leyen strikes optimistic tone

24 January 2020

While the Trump administration this week renewed threats to impose tariffs on European autos and auto parts, European Union Commission President Ursula von der Leyen took an opposite track, expressing optimism about an agreement that could be struck “in a few weeks.” “We don’t think it’s a good idea to have trade disputes over months… Read more »

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China’s purchase pledges in trade deal unrealistic, says US economist

China’s purchase pledges in trade deal unrealistic, says US economist

24 January 2020

WASHINGTON – China’s trade deal pledge to buy an additional US$200 billion ($269 billion) of American goods and services is unrealistic and may lead to unintended consequences, a trade economist said in a commentary published on Tuesday (Jan 21). As pledged in the United States-China phase one deal signed on Jan 15, China is to ramp up… Read more »

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Trump impeachment: Senators play games and nap during trial

Trump impeachment: Senators play games and nap during trial

24 January 2020

US senators have been accused of falling asleep, playing games and breaking other rules during President Donald Trump’s impeachment trial. Jim Risch and Jim Inhofe are among members who have apparently nodded off during the lengthy hearings. Crossword puzzles, fidget spinners and at least one paper aeroplane have been spotted with senators. The trial has… Read more »

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Greta Thunberg: US treasury chief attacks activist

Greta Thunberg: US treasury chief attacks activist

23 January 2020

Greta Thunberg should go away and study economics before lecturing investors, the US treasury secretary has said. Steven Mnuchin said the activist’s call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs. “After she goes and studies economics in college, she can come back and explain that to… Read more »

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Trade tensions rise as US threatens car tariffs

Trade tensions rise as US threatens car tariffs

22 January 2020

Trade tensions with the US have spiralled after the chancellor, Sajid Javid, took a defiant stance at Davos. US treasury secretary Steve Mnuchin has threatened new tariffs on UK carmakers after the chancellor defied pressure to cancel a new tax on tech firms. Mr Javid said the UK would not back down over the tax… Read more »

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World Economic Forum: Five things to watch for

World Economic Forum: Five things to watch for

20 January 2020

Some of the world’s top business people and politicians – plus a smattering of celebrities – will gather in Davos, Switzerland, for the World Economic Forum (WEF) this week. US President Donald Trump, teen climate activist Greta Thunberg and Uber boss Dara Khosrowshahi are among the guests. Here are five things to look out for:… Read more »

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What has Donald Trump actually achieved on trade?

What has Donald Trump actually achieved on trade?

19 January 2020

Is Donald Trump anything more than, as he once put it, “Tariff Man”? The US president uses the tool against trading partners to fight battles from “unfair” steel price practices to France’s digital tax on tech giants. Most prominent has been his trade war with China which has raised border taxes on almost $500bn of… Read more »

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The U.S – Japan Trade Agreement goes forward

The U.S – Japan Trade Agreement goes forward

17 January 2020

The United States and Japan issued a Joint Statement on September 26, 2018 indicating that they would enter into negotiations for a United States-Japan Trade Agreement on goods, as well as on other issues including services. The United States and Japan met on April 16, 2019 to continue negotiations. On September 25, 2019 the United… Read more »

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Amazon wants to help create a million new jobs in India

Amazon wants to help create a million new jobs in India

17 January 2020

Hong Kong (CNN Business)Amazon (AMZN) is capping off a big week in India with an eye-catching pledge to help create a million new jobs in the country. The company said Friday that it expects the jobs to be added over the next five years through ongoing investments in its operations on the ground. These openings will be “created both… Read more »

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Brexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together

Brexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together

16 January 2020

Brexit is likely to have cost the UK more than £200 billion in lost economic growth by the end of this year – a figure that almost eclipses the total amount the UK has paid toward the European Union budget over the past 47 years. According to research by Bloomberg Economics, the cost of the… Read more »

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Dow closes above 29,000 as market rally continues

Dow closes above 29,000 as market rally continues

15 January 2020

US share market indexes have hit new highs, with the Dow Jones Industrial Average, closing above 29,000 for the first time. The S&P 500 also closed at a new high, gaining 0.2% to end at 3,289, while the Nasdaq held steady at 9,258. The gains came as the US and China signed a deal aimed… Read more »

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US and China sign deal to ease trade war

US and China sign deal to ease trade war

15 January 2020

The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump said the pact would be “transformative” for the US economy. Chinese leaders called it a “win-win” deal that would help foster better relations between… Read more »

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Will crops of the future grow in SEZs?

Will crops of the future grow in SEZs?

15 January 2020

The right incentives can spark the vertical farming revolution, making food supply chains more secure and sustainable. Vertical farms vow to change the food supply chain of cities around the globe. First and foremost, by fixing some of the main perils of traditional agriculture: soil overexploitation and contamination, water intensity, distance from consumers, and, obviously,… Read more »

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US-China trade deal: Winners and losers

US-China trade deal: Winners and losers

15 January 2020

fter more than two years of rising tension, the US and China have signed a deal aimed at calming trade frictions. The agreement has been hard-fought, but it is unclear how much economic relief from their trade war it will offer. Tariffs – in some cases at a lower rate – will remain in place…. Read more »

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Why being a part of the global value chain matters for India

Why being a part of the global value chain matters for India

15 January 2020

Global value chains create more and better jobs, accelerate economic growth and reduce poverty. The latest World Development Report of the World Bank focuses on global value chains (GVCs), which have become vital for production and trade. Items once designed, manufactured and sold within one country are now designed, made and marketed in several countries,… Read more »

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US reverses China ‘currency manipulator’ label

US reverses China ‘currency manipulator’ label

14 January 2020

The US has reversed its decision to brand China a currency manipulator as the two countries prepare to wind down their trade war. The US said it made the change because China had agreed to refrain from devaluing its currency to make its own goods cheaper for foreign buyers. Washington and Beijing are expected to… Read more »

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China’s dollar-denominated exports and imports beat expectations in December

China’s dollar-denominated exports and imports beat expectations in December

14 January 2020

China’s dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs. In December, dollar-denominated exports rose 7.6% on-year, against a 1.3% drop in November. December imports were 16.3% higher than year ago, Reuters reported citing data from the Chinese customs. Economists polled by Reuters had expected… Read more »

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What the Rebirth of This Old Steel Center Means for Trump

What the Rebirth of This Old Steel Center Means for Trump

10 January 2020

The Lehigh Valley rebuilt its economy after foreign competition wiped out its mills. Now good times and bad memories may both help the president. ust a few blocks from the rusted 16-story blast furnaces that once fired hulking steel beams for the Hoover Dam and the Golden Gate Bridge, OraSure Technologies each day produces thousands… Read more »

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U.S. and France Race to Conclude Digital Tax Talks as Tariff Threat Looms

U.S. and France Race to Conclude Digital Tax Talks as Tariff Threat Looms

7 January 2020

The efforts came as purveyors of wine, cookware and handbags gathered in Washington to argue against the administration’s plan. WASHINGTON — The United States and France are racing to reach a compromise in a digital tax dispute that could result in hefty American tariffs on French wine, cheese, handbags, cookware and more. Speaking in Paris… Read more »

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Free Zone Focus: how should India renew its SEZ programme?

Free Zone Focus: how should India renew its SEZ programme?

7 January 2020

India’s SEZ programme is about to expire, and new, better tailored incentives are needed to renew it, says World Free Zones Organization chairman Martín Ibarra Pardo. The redesign of India’s special economic zone (SEZ) regime holds massive possibilities for the country. Free zones in the world create an average 1% of employment, so India, with a population… Read more »

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These 6 charts compare the US and China economies in the second year of their trade war

These 6 charts compare the US and China economies in the second year of their trade war

1 January 2020

The U.S.–China trade war entered its second year in 2019, increasingly weighing on both economies amid worsening business sentiment globally. Here are six charts that look at how the world’s top two economies and their financial markets have performed in the year. Economic growth slows Growth in gross domestic product — the broadest measure of… Read more »

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Trump sets date for signing US-China ‘deal’

Trump sets date for signing US-China ‘deal’

31 December 2019

Donald Trump has announced he will sign a long-awaited trade agreement with China on 15 January. The pact, a “phase one” deal, is expected to reduce tensions between the two economic giants. The US president said the treaty would be signed in Washington in the presence of “high level representatives” from China. “At a later… Read more »

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EU agricultural outlook 2019-30

EU agricultural outlook 2019-30

27 December 2019

EU agricultural outlook 2019-30: societal demands driving food market developments, combining affordability, sustainability and convenience Demand for dairy products, especially for cheese, is expected to continue rising, leading to higher EU milk production for 2019-30. In parallel, the African swine fever outbreak in Asia will continue to affect the global meat market and trade flows…. Read more »

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Brazilian president: Trump has agreed not to hit steel, aluminum imports with tariffs

Brazilian president: Trump has agreed not to hit steel, aluminum imports with tariffs

27 December 2019

After a phone call on Friday, Brazilian President Jair Bolsonaro said President Trump would not follow through on his pledge to impose national security-based tariffs on the country’s steel and aluminum.  “Today I talked to President Donald Trump and, after exchange of views, he decided not to carry forward his intention to surcharge our steel… Read more »

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With the Appellate Body hobbled, WTO disputes headed for uncertainty in 2020

With the Appellate Body hobbled, WTO disputes headed for uncertainty in 2020

27 December 2019

The U.S. succeeded in hobbling the Appellate Body this month, leaving World Trade Organization members to reckon with what the U.S. has wrought — and to figure out how to proceed with binding dispute settlement as contentious cases on national security come to a head. While the first stage of dispute settlement remains functional, every… Read more »

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Even as the U.S. and China agree to trade truce, they are edging toward partial economic divorce

Even as the U.S. and China agree to trade truce, they are edging toward partial economic divorce

27 December 2019

If President Trump’s trade deal with Beijing works as planned, Chinese purchases from American manufacturers and farmers will more than double over the next two years and American investors will finally be welcome to own some of China’s financial services companies. Yet while the “Phase One” deal suggests the United States and China are drawing… Read more »

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Brexit: Timmermans ‘love letter’ says UK always welcome back in EU

Brexit: Timmermans ‘love letter’ says UK always welcome back in EU

26 December 2019

A leading EU official has penned a love letter to Britain, expressing his “deep hurt” over Brexit and concluding: “You will always be welcome to come back.” European Commission Vice-President Frans Timmermans wrote the letter in the Guardian. “Since I went to a British school, you have always been part of me. Now you are… Read more »

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China to cut import tariffs on pork and tech parts

China to cut import tariffs on pork and tech parts

26 December 2019

China will cut tariffs on hundreds of products ranging from frozen pork to high-tech parts next year, lowering trade barriers to support the economy. In a statement, Chinese authorities said import tariffs on 859 items would be reduced from 1 January. The world’s second largest economy has typically used high tariffs to protect local industries…. Read more »

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Trump Tells Bolsonaro U.S. Won’t Reimpose Steel Tariffs

Trump Tells Bolsonaro U.S. Won’t Reimpose Steel Tariffs

23 December 2019

President Donald Trump told Brazilian President Jair Bolsonaro Friday he won’t reimpose tariffs on steel and aluminum from the Latin American nation, a person familiar with the discussions said. The American president had a phone call with his Brazilian counterpart to discuss trade, he said on his Twitter account. This comes amid uncertainty over whether… Read more »

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Palm oil case is a cautionary tale for Brussels’ Green Deal

Palm oil case is a cautionary tale for Brussels’ Green Deal

20 December 2019

Hello from Brussels. Christmas is approaching and the festive sound of EU officials beetling out of town is already ringing loudly in the ears. For a commission which some thought wouldn’t get constituted until the new year, Ursula von der Leyen’s team has settled in place without too much trauma. One thing they’ve made clear:… Read more »

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U.S. Warns Europe That Trade Imbalances Are a 2020 Priority

U.S. Warns Europe That Trade Imbalances Are a 2020 Priority

20 December 2019

Fresh off a pair of wins with China and USMCA, President Donald Trump’s top trade official is shifting his focus toward to the biggest target of them all: the European Union. “We have a very unbalanced relationship with Europe,” U.S. Trade Representative Robert Lighthizer said Tuesday in another victory-lap interview, this one on Fox Business Network. “There… Read more »

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Trump impeachment: President demands immediate Senate trial

Trump impeachment: President demands immediate Senate trial

20 December 2019

US President Donald Trump has demanded an immediate impeachment trial in the Senate, amid an impasse among Democrats and Republicans over when it may start. On Wednesday, the House impeached Mr Trump on charges of abuse of power and obstruction of Congress. But Democrats have yet to embark on the next stage, arguing the Republican-controlled… Read more »

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UK manufacturing output falling at fastest rate since 2009, says CBI

UK manufacturing output falling at fastest rate since 2009, says CBI

19 December 2019

Fears over election and future EU trade put sector in a tailspin, with car industry hardest hit Manufacturing output in the UK tumbled this month at the fastest rate since the 2008 financial crisis as uncertainty surrounding Britain’s trading relationship with the EU and the outcome of the general election hit domestic and foreign orders…. Read more »

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‘Reckless’ Boris Johnson announces new law which increases chances of no-deal Brexit in 2020

‘Reckless’ Boris Johnson announces new law which increases chances of no-deal Brexit in 2020

18 December 2019

Boris Johnson has put the prospect of a no-deal Brexit back on the table after he introduced a legal clause which would make it illegal for Britain to extend trade negotiations with the EU beyond 2020. The move was branded “reckless and irresponsible” by Labour’s shadow Brexit secretary Keir Starmer, while Liberal Democrat co-leader Ed… Read more »

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Is a no-deal Brexit back on the table?

Is a no-deal Brexit back on the table?

18 December 2019

The government intends to bring down a Brexit process guillotine at the end of December 2020. If we haven’t agreed a trade deal by then, we are out anyway. The ghost of no-deal, it seems, will be haunting business in Christmas future. The financial markets took fright and we saw the pound immediately give up… Read more »

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On trade wars China is playing a careful game, but it holds more cards than Trump

On trade wars China is playing a careful game, but it holds more cards than Trump

17 December 2019

Beijing knows the US presidents needs at least the appearance of a thriving economy before next year’s election At the beginning of September, Chinese president Xi Jinping incensed Donald Trump by imposing a flurry of new import duties on US goods, including semiconductor chips and mobile phones. It was a retaliation too far for the… Read more »

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WTO members agree to extend e-commerce, non-violation moratoriums

WTO members agree to extend e-commerce, non-violation moratoriums

16 December 2019

Members agreed to maintain the current practice of not imposing customs duties on electronic transmissions until the 12th Ministerial Conference (MC12) in Nur-Sultan, Kazakhstan, scheduled for 8-11 June 2020. They also agreed to continue work under the existing 1998 work programme on e-commerce in the beginning part of 2020. The work in the run-up to… Read more »

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European Green Deal will change economy to solve climate crisis, says EU

European Green Deal will change economy to solve climate crisis, says EU

13 December 2019

Everything from travel to air quality has been looked at in order to create ‘a growth that gives back’ Nearly every major aspect of the European economy is to be re-evaluated in light of the imperatives of the climate and ecological emergency, according to sweeping new plans set out by the European commission on Wednesday. The comprehensive… Read more »

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Victory for Boris Johnson’s all-new Tories

Victory for Boris Johnson’s all-new Tories

13 December 2019

The Conservatives’ capture of the north points to a realignment in British politics. Will it last? BRITAIN’S ELECTION on December 12th was the most unpredictable in years—yet in the end the result was crushingly one-sided. As we went to press the next morning, Boris Johnson’s Conservative Party was heading for a majority of well over… Read more »

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DG Azevêdo to launch intensive consultations on resolving Appellate Body impasse

DG Azevêdo to launch intensive consultations on resolving Appellate Body impasse

13 December 2019

Director-General Roberto Azevêdo told a meeting of the full WTO membership on 9 December that he would launch more intensive, high-level consultations on how to resolve the longstanding impasse over the appointment of Appellate Body members. DG Azevêdo’s intervention came after WTO members were unable to reach consensus on a proposal to address concerns regarding… Read more »

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Without an Appellate Body, what’s next for the WTO?

Without an Appellate Body, what’s next for the WTO?

13 December 2019

For the first time in its nearly 25-year history, the World Trade Organization opened for business on Wednesday without a properly functioning mechanism to settle disputes among its membership, leaving WTO members, lawmakers and business groups wondering what’s next. The WTO’s Appellate Body is down to just one member after the terms of two others… Read more »

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The Caribbean needs to build a joint vision

The Caribbean needs to build a joint vision

12 December 2019

Martín Gustavo Ibarra (Bogotá 1952) is one of the Colombians with more knowledge about foreign trade, and one of his great contributions was to be part of the mission that created the special economic zones of China in 1983 with the World Bank. This strategy empowered the world’s most exporting country, says Ibarra, and 14… Read more »

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A new fund is born that will invest in local entrepreneurs

A new fund is born that will invest in local entrepreneurs

16 May 2019

The fund specialized in the technology industry expects to add US $ 3 million in its first stage. Accessing resources is perhaps the main challenge faced by early stage entrepreneurs. Therefore, the relevance of the impulse that the Colombian Software Federation (Fedesoft) and the consulting firm Araujo Ibarra want to give to the technology industry… Read more »

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Araújo Ibarra seeks investors for Colombia at world trade summit

Araújo Ibarra seeks investors for Colombia at world trade summit

15 May 2019

The representatives of the firm have met with business leaders from more than 80 countries With a robust delegation of expert consultants in international trade and free zones, the firm Araújo Ibarra Consultores Internacionales arrived to Barcelona looking for investors interested in entering the market of goods and services of Colombia and the countries of… Read more »

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RECOGNITIONS

ARAÚJO IBARRA received the Lifetime Achievement Award from the Minister of Foreign Trade of India, in recognition of its 25 years of efforts working on implementation and development of Free Zones.

Martín Gustavo Ibarra received the VOS (Life, Work and Services to Logistics) Distinguished Services Award from the Colombian Logistics Association (ACOLOG).

Martin Gustavo Ibarra received a recognition from the Colombian International Trade Association (ADICOMEX) for his work in International Trade and Free Zones.

Martin Gustavo Ibarra received an award for his invaluable contribution to the enhancement of the global trade competitiveness, from the Colombian Federation of Logistics Agents.

Chambers & Partners (ranking of the most outstanding law firms and lawyers in over 180 jurisdictions throughout the world) gave Araújo Ibarra the #1 position in Colombia 9 years in a row for international trade related topics.

Chambers & Partners recognized Martin Gustavo Ibarra as leading lawyer specialized in international trade in Colombia, 9 years in a row.

Chambers & Partners recognized Ricardo López as leading lawyer specialized in international trade in Colombia, 9 years in a row .

Araújo Ibarra is recognized for 9 consecutive years as a leading firm in Colombia in the practice of International Commerce in The Legal 500. As individual leaders, Martín Ibarra and Ricardo López and Rising Star highlights Olga Lucía Salamanca.

Araújo Ibarra is recognized as #1 Colombian company with regards to international trade matters.

Martin Gustavo Ibarra is recognized as best lawyer in international trade related topics in Colombia by Best Lawyers.

Martin Gustavo Ibarra received the title of Knight of the Order of Merit for administrating and coordinating the creation of the Ministry of Foreign Trade of Colombia and the tariff status. He is considered a mentor in foreign trade and international politics in Colombia. His efforts allowed to enhance competitiveness and growth of foreign trade in the country.