The United States-Mexico-Canada Agreement (USMCA) became effective on July 1, 2020, 26 years after its predecessor, the North America Free Trade Agreement (NAFTA). While NAFTA was originally conceived during the 1980s, the free-trade block did not materialize until the early 1990s, in part as a result of the perceived need to counterbalance the effects of the then–recently created European Union (1993).

Despite the disruption of supply chains, Vietnam's gross domestic product (GDP) still rose by 3.68 percent in the first quarter. In the second quarter, the economy nosedived with the growth rate merely at 0.39 percent. In the third quarter, GDP growth recovered to 2.62 percent, sending the three-quarter growth rate to 2.12 percent.

THE ratification of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) can contribute to Malaysia’s economic recovery by stimulating trade and investment.

A webinar on trade between ASEAN and Argentina was held on October 11, aiming to accelerate the implementation of trade agreements inked between the two sides.

Vietnamese and Mexican enterprises should take full advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to promote bilateral trade and investment, according to insiders.

Following the ratification of the EU – Vietnam Free Trade Agreement (EVFTA), the UK and Vietnam remain keen to further strengthen ties and expand on their bilateral relationship. Most recently, UK Foreign Secretary Dominic Raab visited Hanoi on September 29-30 and discussed Vietnam UK relations with Pham Binh Minh, Vietnam’s Minister of Foreign Affairs.

There remains plenty of room to expand the export of Vietnamese goods to the European Union as the COVID-19 pandemic is brought under control between now and the end of the year, according to Nguyen Trung Tien, deputy general director of the General Statistics Office (GSO).

The World Trade Organization announced Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time.

The WTO has posted a list of economic support measures adopted by WTO members in response to the COVID-19 pandemic. The list is available on the WTO’s dedicated COVID-19 web page.

Business groups representing the beverage alcohol industries in the U.S., Europe and the United Kingdom are urging the United States Trade Representative (USTR) and the European Commission for Trade to end the tariffs on wine, distilled spirits and beer.