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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 ...

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European Shares Inch Lower Ahead Of Sino-U.S. Trade Deal

European shares treaded water as investors awaited the signing of an initial trade truce to end a prolonged U.S.-China tariff dispute, with attention also turning to the fourth-quarter corporate earnings season. The Phase 1 Sino-U.S. trade deal, due to be signed in Washington soon, marks the first step in winding down the prolonged and damaging trade war. In further signs of goodwill, ...

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EU Trade Chief Foresees Financial Services For Fishing Brexit Bargain

The EU’s trade commissioner has suggested there could be a last-minute trade-off with Brussels offering the city of London access to European markets in return for European fleets retaining their fishing rights in British waters. The UK’s financial services sector will lose its automatic right to serve Europe-based clients at the end of the transition period and the EU will need to ...

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EU’s Tough New Trade Boss Seeks Reset With Trump

New European Union Trade Commissioner Phil Hogan arrives in Washington on what could be an impossible mission — resetting the world’s largest investment and trade relationship after three years of President Donald Trump’s trade-rattling tariffs. The challenge could be the 6-foot-5-inch Irishman’s most daunting to date, following tough but successful negotiations on an EU beef deal with the U.S. and ...

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U.S. Exempts Australia, Canada, UK From Some Foreign Investment Review

The Trump administration will exempt some companies from Australia, Canada and the United Kingdom from beefed up scrutiny of foreign investments in the United States. The finalized rules, which will go into effect on Feb. 13, extend the powers of the Committee on Foreign Investment in the United States, known as CFIUS, which has increasingly flexed its muscle against Chinese firms. They ...

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Australia’s Rubicon Water Improves Water Efficiency For India’s Farmers

Melbourne-based Rubicon Water focuses on improving large-scale, gravity-fed irrigation systems. The company offers advanced technology designed to sustainably increase global food and fibre production by improving water use efficiency. Rubicon’s solutions autonomously control the delivery of irrigation water to farms in irrigation channels, which reduces losses and improves the reliability, flexibility and timeliness of supply. The company also has a range ...

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China Says 2019 Exports Rose 0.5%

China’s 2019 exports rose 0.5% in U.S. dollar terms, though total trade for the year declined slightly. According to Vice Minister of General Administration of Customs Zou Zhiwu, the phase 1 deal between Washington and Beijing will see China increase imports from the United States but won’t affect China’s imports from other countries. This deal will be signed soon, marking a significant de-escalation but ...

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US Senator In Support Of USMCA

US Senator Steve Daines expressed his support for the US-Mexico-Canada (USMCA) trade agreement. The deal would replace NAFTA as a multilateral trade agreement designed to encourage freer and fairer trade between the three North American countries. Daines voted for the USMCA trade agreement to advance out of the Senate Finance Committee, which has jurisdiction over international trade deals, and onto the Senate ...

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Japan’s Consul-General Lauds Japan-UAE Cooperation

Japan and the UAE are cooperating under the Comprehensive Strategic Partnership Initiative. According to Akima Umezawa, Japanese Consul-General, Dubai, Japan and the UAE are effective and responsible players for the peace, stability and prosperity of the region and the world. This initiative was agreed upon in 2018 by Shinzo Abe and Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan. The sectors covered include ...

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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 ...

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