On Tuesday, an alliance of 35 non-governmental organizations told Bank of China, a major global investor in coal- power plants, that it must end the financing of projects which fuel global warming and instead support clean and renewable energy. In… Read More ›
commitments
US business groups wants US to cut import tariffs despite China not complying to Phase 1 trade commitments
More than 36 influential business groups from the United States and asked U.S. President Joe Biden’s administration to restart trade talks with China; they have also asked that Washington cut its tariffs on Chinese exports to the United States, said… Read More ›
Amazon’s internal documents reveals how it dodges Indian regulations
In a significant development that sheds some light on the inner machinations of Amazon.com Inc, the world’s largest online retailer, in early 2019, Jay Carney a senior executive at Amazon.com Inc while preparing for an important meeting with India’s ambassador… Read More ›
Grab raises $2 billion from first term loan midst strong demand from institutional investors
In a statement, Southeast Asian ride-hailing and food delivery giant Grab said, it has raised $2 billion from its first term loan, in what is said to be the biggest institutional debt in Asia’s technology sector. The development comes as… Read More ›
USMCA to take effect from July 1, 2020: USTR
In a statement, U.S. Trade Representative Robert Lighthizer said, he has notified Congress that the new U.S.-Mexico-Canada trade agreement will be effective from July 1 – a month later than initially planned. Both Canada and Mexico have taken necessary measures… Read More ›
U.S. trade action having desired effect on China
China will never publicly acknowledge the impact of U.S. trade action on its economy. But its desperation to hammer out a trade deal with the U.S. is telling. In a development that essentially underscores the pain U.S. trade action is… Read More ›
Trump escalates trade war
A trade war is far better than a weak non-enforceable agreement given China’s history of reneging on its commitments. In order to be more effective, Trump will have to make manufacturing in China more expensive. That should perk up the… Read More ›
Tariffs on EU auto exports to the U.S. could result in EU reneging on its purchase commitments from the U.S.
The head of the European Commission, Jean-Claude Juncker, stated, he had a deal with U.S. President Donald Trump which ensures that Washington will not impose tariffs on EU car exports to the U.S. for the time being. In a clear… Read More ›
Success of U.S.-China trade talks will hinge on verification and effective enforcement on pledges
During earlier negotiations, although Beijing has made wide ranging commitments, it has taken its own sweet time, at times more than a decade, to implement its pledges. Unless China walks the talk, negotiations are unlikely to be fruitful. China’s pledges… Read More ›
Majority of Southeast Asian economies wary of China’s Belt and Road Initiative
Here is a summary of the results of a survey conducted by the ISEAS-Yusof Ishak Institute which is affiliated with Singapore’s government. As per the results of a policy survey by the ISEAS-Yusof Ishak Institute which is affiliated with Singapore’s… Read More ›