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The Latest Breaking News from International Trade

Trade takes a tumble

Prospects for Thai exports look weak this year as a storm of economic uncertainties are expected to slow down shipping.

Bangkok Post

Amazon, state agency launch scheme

Amazon Global Selling and the Department of International Trade Promotion (DITP) plan to elevate their collaboration to further promote Thai brands through global e-commerce, aiming to push the sector's value to 664 billion baht by 2027.

Bangkok Post

Prince Andrew took ironing board on trade mission visit, says ex-diplomat

Simon Wilson told how the Duke bungled in Bahrain in 2002 when he was Special Representative for International Trade and Investment

Daily Mirror

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Youngkin to meet with Taiwan's leader during trade mission

Republican Virginia Gov. Glenn Youngkin will lead his first international trade mission later this month, a trip to Asia that will include a meeting with the president of Taiwan

The Independent UK

China voices concern over Australia's scrutiny of its firms

(Corrects to say the meeting of Australian-Chinese officials took place in Beijing, not at the WTO)

Reuters

Critics say Big Tech uses trade deals to avoid data privacy laws

WASHINGTON — Tech companies are using international trade agreements to conceal software codes behind artificial intelligence programs as well as circumvent U.S. legislation that could curb the industry’s freewheeling use of consumer data, according to lawmakers and advocacy groups.

Tribune News Service

Critics say Big Tech uses trade deals to avoid data privacy laws - Roll Call

Some Democrats and advocacy groups say Big Tech companies are using international trade deals to circumvent data privacy laws.

Roll Call

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DHL forecasts growth in international trade to stall

International trade growth is forecast to stagnate this year as countries have raised interest rates to combat surging inflation, leading to a worldwide economic slowdown, says global logistics company DHL.

Bangkok Post

UK-GCC FTA Negotiations Make Significant Progress

Chief Negotiator – UK-GCC FTA, Department for International Trade Tom Wintle revealed that the UK and Gulf Cooperation Council (GCC) countries have made “good progress” in negotiations to sign a free trade agreement (FTA). Speaking on the eve of the third round of talks kick off between the parties in…

Asharq Al-Awsat

South Africa is exporting more food. But it needs to find new growth frontiers

South African agricultural exports were up for the third consecutive year in 2022, reflecting favourable production conditions and higher commodity prices. The export numbers for the full year have not yet been published. I have calculated the annual data for 2022 using quarterly trade export statistics published by Trade Map,…

The Conversation

40 years on, does Australia need another Prices and Incomes Accord?

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…

The Conversation

The decision to ditch the UK's Department for International Trade is testament to the failure of Brexit

The move to merge the UK government’s departments of trade and business has been likened by one journalist to rearranging the deckchairs on a sinking ship. But it is in fact a significant moment in the country’s foreign and economic policy – and a tacit acknowledgement that attempts to seize…

The Conversation

Who is Greg Hands? New Tory party chairman announced in Rishi Sunak’s Cabinet reshuffle

The New York-born politician has held several ministerial positions since becoming an MP in 2005

Evening Standard

UK will be 15 years late in hitting £1tn annual export target, figures show

Exclusive: Forecasts predict exports will fall to £707bn next year and target will not be reached until 2035

The Guardian - UK

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The Times of India

Top trending national stories

UK international trade secretary Kemi Badenoch, who is at the helm of negotiating the UK-India free trade deal, says that the UK has no plan to “offer more student visas” nor specific visas for the under-35s to India as part of the UK-India free trade deal as Britain left the…

Newsroom.co.nz

Scourge at home, 'superstar' in international markets

Jacinda Ardern may have been increasingly unpopular with businesses in New Zealand, but international trade relations experts say we've benefitted from her status abroad.

Reuters

Taliban seeks economic self-sufficiency and foreign investment for Afghanistan -minister

(Adds full name of acting minister in paragraph 2)

The Independent UK

Government refuses to publish economic benefits estimate of latest Brexit trade deal

Department for International Trade says releasing an estimate isn’t appropriate

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The Independent UK

International trade department should be shut down, says Brexiteer who set it up

UK ‘falling behind’ on trade in three years since Brexit, says Liam Fox

The Conversation

Shark fishing is a global problem that demands local solutions

Countries from around the world have voted to limit the global trade in sharks under the Convention on International Trade in Endangered Species (Cites). Trade in shark products is a major driver of shark overfishing, leading to the deaths of millions of sharks every year. The new Cites listings aim…

Bangkok Post

Taiwan premier slams China over fresh import bans

Taiwan's premier on Sunday accused China of violating international trade rules and "discriminating" against the island after it halted more Taiwanese imports.

The Independent UK

Badenoch defends Australia trade deal after criticism by former minister

Kemi Badenoch did concede that deadlines in negotiations are “unhelpful” as she faced questions from the International Trade Committee.

Daily Mirror

Post-Brexit trade deal with Japan branded failure as exports plummet

The agreement, signed by Liz Truss in October 2020, was hailed as "historic" and Ms Truss claimed it would add billions to the UK economy - but now Labour has hit out at ministers

The Guardian - UK

Brexit blow: exports to Japan slump after ‘landmark’ free trade deal

First such accord after leaving EU was predicted to bring £15bn boost but UK now lags rivals

Asharq Al-Awsat

UN Wildlife Conference Ends with Protection for 500 Species

An international conference on trade in endangered species ended Friday in Panama, with protections established for over 500 species. The measures were approved by the Convention on International Trade in Endangered Species of Wild Fauna and Flora, known by its initials as CITES. The conference agreed to tighten trade regulations…

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