International trade
Chinese Premier Li Qiang has called for the international community to uphold the multilateral trading system, citing the need to counter rising unilateralism and protectionism. Li made the remarks during a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala on the sidelines of the 17th BRICS Summit. He emphasized
International trade
The recent developments in global trade have resulted in high tariff rates and escalating trade conflicts, leaving the industry uncertain about the future trajectory. According to a report by Maersk, the average effective tariff currently borne by US importers is 21%, significantly lower than the peak of 54% in April
International trade
Punjab's vast agricultural resources have been hailed as a key factor in enhancing economic collaboration and export growth through the China-Pakistan Economic Corridor (CPEC). The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) highlighted the potential for Punjab's food processing sector to become a major contributor
International trade
The Bangladesh government's attempt to reduce US tariffs has been met with limited success due to the constraints imposed by World Trade Organisation (WTO) rules. To achieve a significant reduction in tariffs, Bangladesh needs to consider a bilateral agreement, which would allow it to circumvent WTO rules. However,
International trade
US President Donald Trump's threat to impose additional tariffs on BRICS nations has sparked a heated debate on the future of global trade and economic stability. BRICS, a bloc of 11 nations including South Africa, Brazil, Russia, India, and China, has been criticized by Trump, who views its
International trade
The U.S. Department of Commerce has announced the initiation of country-wide anti-circumvention inquiries into U.S. imports of disposable aluminum containers, pans, trays, and lids that are manufactured in China but completed or assembled in Thailand and Vietnam. This move is aimed at preventing the avoidance of antidumping and
International trade
The U.S. Department of Commerce International Trade Administration has concluded an antidumping duty administrative review for heavy walled rectangular welded carbon steel pipes and tubes from the Republic of Korea. The review, which covered a single company, HiSteel Co., Ltd., found that the product was not sold at less
International trade
The U.S. International Trade Commission has initiated an investigation into certain electronic eyewear products, components, and related charging apparatuses, following a complaint filed by IngenioSpec, LLC on June 6, 2025. The alleged infringement of patents by imported electronic eyewear products has prompted the USITC to take action, with the
International trade
The European Commission is assessing whether dumping of fused alumina from China is causing material injury to the EU industry, and if imposing anti-dumping measures would be against the EU's interest. The investigation is evidence-based and focused on restoring a level playing field, not excluding legitimate competition or
International trade
The 11th BRICS Summit in Rio, Brazil, has given a significant boost to India's diplomatic efforts on the global stage. The summit's declaration, adopted on Sunday, has strongly condemned terrorism, endorsing India's long-held stance that terrorism has no religion or nationality. The declaration also
International trade
The U.S. International Trade Commission (ITC) has issued a final affirmative ruling on the third anti-dumping sunset review of steel threaded rods imported from China. The ruling has found that the substantial damage caused by the import of these products to the U.S. domestic industry may continue or
International trade
The Colombian Ministry of Trade, Industry, and Tourism has maintained anti-dumping measures on steel strand ropes originating from China, despite previous reviews. As part of the second sunset review, the ministry announced on July 3, 2025, that the minimum price for these products would remain at US$ 3.36 / kg
