WTO members discussed five new or enhanced proposals to advance services negotiations at meetings of the Working Party on Domestic Regulation and the Services Council on 14-17 March 2017. Four of these proposals aim to ensure that domestic licensing procedures and technical standards do not constitute unnecessary barriers to trade while one proposal relates to the establishment of a trade facilitation agreement for services.
The White House is preparing to issue the notification to Congress that it will renegotiate the North American Free Trade Agreement (NAFTA).
Japan yesterday cautioned against haste in the conclusion of the proposed Regional Comprehensive Economic Partnership (RCEP) stressing “substance is more important than timing.”
Diep Thanh Kiet, vice chairman of the Vietnam Leather, Footwear, and Handbags Association (Lefaso), said that a 0 per cent tariff rate will be applied to around 50 types of Vietnamese-made footwear products exported to Europe.
In the new global realities that seem to be tilting towards protectionism and anti-globalization, China and Australia offer a perfect example of how free trade does not lead to tit-for-tat combat, but generates handsome gains for both