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Privacy Shield Review: Press Statement by Ross and Jourov
Sep 21,2023
The joint press statement by U.S. Secretary of Commerce Wilbur Ross and Commissioner for Justice, Consumers and Gender Equality, Vera Jourov
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WhatsApp expands payment option to boost business messaging in India
Sep 20,2023
WhatsApp has announced its plan to allow users to make payments through rival services and other platforms using India's UPI (Unified Payments Interface) instant money transfer system directly within the app. Currently, when using WhatsApp for shoppi...
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UK announces digital trade strategy
Sep 20,2023
The UK government published a policy paper which outlines its main digital trade objectives. The government aims to secure access for British businesses to overseas digital markets and allow UK consumers to access a wider variety of products and serv...
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New round of US tariffs on Chinese products fuels trade tensions
Sep 20,2023
United States President Donald Trump announced a new round of tariffs on Chinese products, fueling the 'trade war' between the two economic giants. The next round of duties are scheduled to take effect on September 24. A 10% duty will be applied to 2...
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Middle East FinTech sector could raise more than USD$ 2 billion by 2022
Sep 19,2023
According to a report by the Milken Institute Centre for Financial Markets, the Middle East's FinTech companies will raise more than USD$2 billion in venture capital by 2022. The FinTech sector in the region is growing at a compounded annual growth r...
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RCEP members pledge to ramp up negotiations
Sep 19,2023
Economic ministers from the Regional Comprehensive Economic Partnership (RCEP) -a proposed free trade agreement between the ten member states of the Association of Southeast Asian Nations (ASEAN) and the six states with which ASEAN has existing free ...
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NAFTA prepares third round of negotiations for modernisation
Sep 19,2023
The members of the North American Free Trade Agreement (NAFTA) are preparing another round of negotiations, due for 23-27 September. The gathering is part of an accelerated timeframe planned by ministers. The proposals under discussion touch upon sev...
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EU leaders to address growing dependency on China for batteries and fuel cells
Sep 18,2023
EU leaders are set to convene in Granada, Spain, on October 5 to tackle the pressing issue of the European Union's increasing reliance on China for lithium-ion batteries and fuel cells. A confidential document obtained by Reuters warns that, unless d...
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Canada under pressure on NAFTA negotiations while provisions of the US-Mexico preliminary deal get released
Sep 18,2023
Business and political leaders areincreasing the pressure on Canadian Prime Minister Justin Trudeau to agree on a deal to renew the North American Free Trade Agreement (NAFTA). Negotiators from the United States and Canada met earlier this month for ...
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EU Commission releases a concept paper on WTO reform with suggestions on digital commerce and technology transfer
Sep 18,2023
The European Commission released a concept paper on the modernisation of the World Trade Organization (WTO), with the aim of ensuring that the development of the international trade system happens 'in sync with current economic, political and technol...
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JD.com and Thai retailer Central Group will jointly invest on e-commerce and fintech
Sep 18,2023
China's second biggest e-commerce company, JD.com, and Thai retailer, Central Group, will jointly invest$500 million to establish two joint ventures in Thailand covering e-commerce and fintech services. JD.com will provide technology, e-commerce and ...
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China files application to join the CPTPP
Sep 17,2023
China officially filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). China's Commerce Minister Wang Wentao submitted the application in written letter to Damien O'Connor, Minister for Trade ...
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