International trade
The World Trade Organization (WTO) and the International Trade Centre (ITC) have launched the Women Exporters in the Digital Economy (WEIDE) Fund, a US$ 50-million initiative supporting women-led micro, small and medium enterprises (MSMEs) in developing countries to improve their digital capabilities, financial readiness, and export potential. The fund has
International trade
China's Ministry of Commerce has initiated an anti-dumping investigation into imported pea starch from Canada, citing evidence of dumped imports at prices below domestic levels, which has caused operational difficulties and losses for the domestic industry. The probe was launched in response to an application from domestic enterprises
International trade
The US has adopted a new trade strategy, dubbed the "Turnberry system," which will give priority to its own national interests over multilateral institutions. According to US Trade Representative Jamieson Greer, the new system will allow countries to realign their economic and national security interests and rebalance trade
International trade
The US average tariff rate has surged to 20.1%, the highest level since the early 1910s, after new duties took effect. This significant increase is attributed to President Donald Trump's "reciprocal" tariffs announced in April, which briefly drove the average rate to 24.8% in
Tariffs
Brazil has formally initiated consultations at the World Trade Organization (WTO) in response to the US's decision to impose 50% tariffs on Brazilian imports, further straining diplomatic relations between the two nations. The tariffs, effective this week, are expected to impact 35.9% of Brazilian goods exported to
Tariffs
Brazil has requested consultations at the World Trade Organization (WTO) over tariffs imposed by US President Donald Trump, which went into effect on Wednesday, amidst a high-profile diplomatic spat. The move follows a public declaration of support by Brazilian President Luiz Inácio Lula da Silva for embattled former President Jair
Tariffs
Chinese Foreign Minister Wang Yi reaffirmed his country's commitment to cooperating with Brazil in the face of "arbitrary" US tariffs, emphasizing that Brazil has the right to development and should not be subject to bullying practices through tariffs. This stance comes in the wake of US
International trade
Iraq is seeking to strengthen its economic ties with the United Kingdom through accession to the World Trade Organization (WTO). The Director General of the Department of Foreign Economic Relations at the Ministry of Trade, Riyadh Al-Hashimi, met with the Commercial Section Officer at the British Embassy in Baghdad to
Tariffs
Brazilian Finance Minister Fernando Haddad announced a tailored aid package to support sectors hit by the 50% US tariff hike, focusing on businesses producing custom-made goods that cannot easily adapt to other export markets. This move is part of a broader government strategy that includes negotiating expanded exemptions with Washington
International trade
Brazilian officials said the country is preparing to formally challenge the newly imposed US tariffs at the World Trade Organization (WTO) while maintaining a door-open policy for negotiations. The move comes after US President Donald Trump announced a 50% tariff on a range of Brazilian exports, affecting roughly 35% of
International trade
The Philippines recently showcased its economic diplomacy initiatives, culture, and tradition in Geneva, Switzerland, through a series of events and exhibitions. One of the highlights of the event was the traditional Filipino filigree tambourine jewelry, which took center stage in the "Business Class" lecture series organized by the
International trade
China has reiterated its support for the multilateral trading system at the World Trade Organization (WTO) General Council meeting, calling on members to strengthen solidarity and cooperation to counter the growing risks of fragmentation and uncertainty. The country's delegation highlighted the significant increase in new unilateral tariffs, which
