The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they … Read more
Taiwan’s King Yuan Electronics Co (KYEC), one of the world’s largest semiconductor testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou, in eastern Jiangsu province, as part of efforts to exit mainland China amid geopolitical tensions and cross-strait chip supply chain changes. KYEC unit KYEC Microelectronics Co … Read more
KUALA LUMPUR: Malaysia said on Wednesday (Mar 6) it will closely monitor how the EU responds to a WTO ruling that supported the bloc’s stance that palm oil-based biodiesel should not count as a renewable biofuel, but sought changes in how it implemented that decision. A World Trade Organization adjudicating panel, in its first ruling … Read more
Bangladesh, Nepal and Sri Lanka have backed India’s proposal to initiate a work programme at the World Trade Organization (WTO) for cheaper, faster and more accessible cross-border payments including remittances. The three WTO members became co-sponsors to India’s submission even as the US and EU attempted to block it in the draft Abu Dhabi package, … Read more
Geneva — Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global consensus on the issue may … Read more
Director-General of the World Trade Organization Ngozi Okonjo-Iweala speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi, United Arab Emirates, February 26, 2024. | Photo Credit: Reuters India on February 26 expressed “serious” concerns in a WTO meeting in Abu Dhabi over increase in the use of trade protectionist measures by … Read more
China said it would not behave irresponsibly towards developing nations when countries try to strike a new World Trade Organization (WTO) agreement on combating overfishing later this month. “We will not compete with other developing members,” Li Chenggang, Beijing’s ambassador to the WTO, told a press conference on Thursday. After more than two decades of … Read more
