Home » In News

In News

India To Evaluate RCEP

India has not closed the door on the Regional Comprehensive Economic Partnership (RCEP), Indian foreign minister S. Jaishankar said recently, adding that New Delhi’s concerns were clearly expressed and the ball was in the court of the partner countries. According to the minister, there was a substantial gap between India’s position and that of other countries in the RCEP — 10 ...

Read More »

Investors Cautious In the Wake of Phase One Trade Deal

Currencies in cautious mood as investors wait for trade deal signing of the US-China trade deal with trepidation. The formal agreement is aimed at drawing a line under 18 months of tit-for-tat tariff hikes that have hurt global growth, but it will not end the trade dispute between the world’s two largest economy. US President Donald Trump is slated to sign the ...

Read More »

EU, U.S. And Japan Agree On New Ways To Strengthen Global Rules On Industrial Subsidies

Representatives of the European Union, the United States and Japan announced their agreement to strengthen existing rules on industrial subsidies and condemned forced technology transfer practices. In a meeting held in Washington, the EU, the U.S. and Japan agreed that the current list of subsidies prohibited under the World Trade Organization’s (WTO) rules is insufficient to tackle market and trade distorting ...

Read More »

Trade Progress For Agriculture

Farmers can expect benefits from pending trade agreements with China and North America as well as a recent agreement signed with Japan, the head of the United States Department of Agriculture (USDA) Foreign Agricultural Service (FAS) said at Land Expo 2020 in Des Moines, Iowa. Ken Isley, administrator of Foreign Agricultural Service (FAS) revealed that the the U.S. beef industry will benefit from ...

Read More »

Sanders And Warren Clash on North America Trade Deal

Sens. Bernie Sanders and Elizabeth Warren took opposite positions on President Trump’s North American trade deal, with Warren saying she would vote for it whereas Sanders said he would not. Sanders has consistently criticized the trade agreement, known as USMCA, because it does not address climate change on any level. Warren argues starting with this trade deal is a modest improvement ...

Read More »

Details Of Phase One Deal Revealed

China has committed to making large scale purchases of US$200 billion of American goods as part of the phase one trade deal. Purchase target for manufactured goods of around US$75 billion, with China also committing to buy huge amounts of energy, agriculture and services. The target for manufactured goods purchases will be the largest, worth around US$75 billion, US$50 billion worth ...

Read More »

Russia Opens Gas Link To Turkey Amid US Opposition

Russia is poised to officially open its TurkStream natural gas pipeline, further diversifying export routes to Europe amid a backlash from the US President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan are meeting in Istanbul to inaugurate the pipeline in a ceremony celebrating the nations’ energy and political ties. TurkStream is set to carry Russian gas under the Black ...

Read More »

Global Economy Better Positioned In 2020

After a challenging 2019, the global economy is in better shape for 2020 with energy demand remaining robust according to Dr Sultan Al Jaber, Minister of State and Adnoc group chief executive. Al Jaber was speaking at the Atlantic Council Global Energy Forum held in Abu Dhabi, as hundreds of delegates including government officials and industry leaders convened together to ...

Read More »

Indonesia, UAE Sign Business Deals

Indonesia signed 11 business deals with the United Arab Emirates worth a combined 314.9 trillion rupiah ($23 billion) covering investment in energy and other sectors. The deals were signed between Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed and President Joko Widodo during an official visit to Abu Dhabi. Widodo, who began his second term in office in October, is keen for an increase in ...

Read More »

German Industrial Production Posts Biggest Increase In 1-1/2 years

According to data, German industrial output posted its biggest increase in 1-1/2 years in November, in a sign that Europe’s largest economy gained momentum in the fourth quarter. Industrial production rose by 1.1% on the month, beating expectations for a 0.7% rise, figures from the statistics office showed. That was driven by stronger production in manufacturing and booming construction. Germany’s export-dependent ...

Read More »