Drug manufacturers are trying to massively scale up production, which will require companies to share information and governments to make financial investments.
Fewer options means less competition and less incentive to control costs.
Transaction volumes in China surged by an incredible 430% when factories reopened at the end of February.
WTO expects global trade to sink by at least 13% this year; oil demand are down 50% year-on-year; economists expect 25% decline in U.S. GDP in Q2.
Cargo flows face worst hit in a century but have potential to bounce back fast.
“China has continued to embrace a state-led, mercantilist approach to the economy and trade, despite WTO members’ expectations,” the Office of the U.S. Trade Representative said in its annual report to Congress.
Brian Aoaeh explores unforeseen shocks to global supply chains and global commerce.
Airbus warned that tariff increase on European aircraft would result in “more instability for U.S. airlines that are already suffering from a shortage of aircraft.”
The Office of the U.S. Trade Representative said the trade dispute settlement body has overstepped its function and makes “erroneous interpretations” of World Trade Organization agreements.
Darren Prokop writes about international trade and the World Trade Organization. Are disputes among member countries being handled correctly?
A dispute over France’s digital services tax has the Office of the U.S. Trade Representative considering up to 100% tariffs on French champagne and sparkling wine imports.
Brian Aoaeh writes about the challenges and opportunities of logistics in Africa – and what will likely occur in the next few years.
International trade and customs attorney Zhaokang Jiang explains how China is aiming to improve cross-border trade efficiency, create fair competition and ensure compliance and sustainable growth.
A strong U.S. economy should see Europe-North America container volume growth of 3%+ next year, but clouds hover over the trade.
Shuttering the World Trade Organization’s Appellate Body threatens the ability of countries to settle trade disputes, the U.S. Chamber of Commerce warns.
The agreement, which takes effect Jan. 1, will guarantee the import of 132,304 metric tons of U.S.-grown rice, valued at $110 million.
Major trade partners of the EU have complained to the World Trade Organization about the problems with splitting tariff rate quotas between the U.K. and the EU post-Brexit.
Export and import volumes falling well below earlier estimates as economy slows and trade tensions rise.
European auto unions and trade groups have come out with a statement that warns of a seismic impact on the auto economies of the EU and the U.K. in the absence of a Brexit trade deal.
In a wide-ranging speech, the deputy director-general of the WTO, Alan Wolff, sets out the challenges and issues for the body. But he’s generally optimistic on the future of world trade.
The interagency Trade Policy Staff Committee (TPSC) is accepting comments and will hold a hearing to help inform the Office of the U.S. Trade Representative’s (USTR) annual report to Congress […]
Global e-commerce continues to grow, and grow, and grow. Market voice Brian Aoaeh writes about the move of e-commerce giants to establish their own fulfillment services.
Ottawa plans to fight decision over how Washington calculates anti-dumping levies as trade tensions continue.
Media outlets are reporting that President Trump has repeatedly told his staff of his desire to pull the United States out of the World Trade Organization, which has removed trade barriers and facilitated free trade for decades.
