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TRUMP’S STEEL AND ALUMINIUM DUTY THREATS COULD UNDERMINE KEY NAFTA TALKS
PRESIDENT Donald Trump today (March 5) signalled to Canada and Mexico that he would use his planned imposition of import tariffs of 25% on steel and 10% on aluminium as a bargaining chip to wring concessions in the ongoing North American Free Trade Agreement (NAFTA) renegotiation.…
CAMBODIAN GARMENT SECTOR ON ALERT AFTER EU REMINDER TRADE ACCESS IS LINKED TO THREATENED HUMAN RIGHTS
THE EUROPEAN Union (EU) has fired a warning shot over Cambodia’s bows over concerns about declining democratic and human rights, and the rule of law in this key clothing exporter. In a note sent to just-style, the Delegation of the European Union to Cambodia noted a February 26 statement from the EU Council of Ministers ordering that monitoring of these problems be stepped up.…
GROWTH IN FREE TRADE ZONES BOOSTS BLACK MARKET OF ALCOHOLIC DRINKS SAYS OECD
AN OFFICIAL from the Organisation for Economic Co-operation & Development (OECD) has told just-drinks that the growth in free trade zones (FTZ) is boosting the sale of counterfeit drinks.
OECD’s policy analyst Florence Mouradian said the drinks sector that was a target for illicit traders in FTZs.…
SOUTH AFRICA AVIATION BIOFUEL PROJECT STALLS OVER POLITICAL FEEDSTOCK SOURCING DEBATES
A STALLED project to make and test aviation biofuel in South Africa has offered a test case on how supply chain problems can prevent such innovative initiatives from making progress.
The launch of Project Solaris in 2014 as an international initiative between aviation and fuel sector partners to develop sustainable jet biofuel from the solaris crop attracted substantial media coverage for heralding in a new era in African aviation.…
CHINA SAYS IT WILL SCRAP US BROILER DUTIES – FIVE YEARS AFTER WTO FIRST SAID THEY MUST GO
CHINA has said that it will scrap the anti-dumping and countervailing duties it has been imposing on broiler product exports from the United States, following a long World Trade Organisation (WTO) battle over the issue. It told a WTO meeting on Wednesday (Feb 28) that while it noted a January ruling of the WTO appellate body had criticised some USA challenges made during the disputes proceedings over the issue, it accepted the basic ruling that the duties broke global trade agreements.…
US BEEF SECTOR UNSETTLED BY THREAT OF CHINESE DUTIES ON AMERICAN BEEF EXPORTS
Representatives of the USA beef industry are voicing consternation over the Chinese government’s announcement that the country is preparing retaliatory sanctions against beef exports as part of its escalating trade war with the United States.
Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association (USA), followed up the April 4 Chinese announcement of a potential 25% tariff on USA beef exports with an immediate statement of concern.…
NUMBER OF WOMEN ON MIDDLE EAST BOARDS STILL LOW, DESPITE ENCOURAGEMENT FROM SOME GOVERNMENTS
Most organisations in the Middle East today acknowledge the importance of gender diversity, yet the current number of females on boards does not reflect this, according to participants at a recent networking breakfast in Dubai, hosted by ACCA.
An important reason for this is the self-perception of women, who feel that they lack the experience to be a board member, according to research from Hawkamah, the Institute for Corporate Governance at the Dubai International Financial Centre (DIFC), whose CEO Dr Ashraf Gamal El Din addressed the meeting.…
US BEEF SALES CONTINUE TO RISE IN JAPAN, BOOSTED BY CAMPAIGN PROMOTING LARGE CUTS
Sales of US beef in Japan continue to rise, bolstered by a new campaign to promote one-pound (16oz) steaks, according to the US Meat Export Federation (USMEF).
While beef is typically served and sold in thin strips in Japan, to be eaten with chopsticks after being boiled in stock, stir-fried or cooked on a hot plate, sales of thick cut US beef have risen as Japanese consumers embrace the idea.…
JAPAN IS NOW USA’S LEADING EXPORT MARKET, BUT WILL POSITION SURVIVE TRUMP’S TRADE ISOLATIONISM?
Japan is now the United States’ leading export market for beef, in value and volume, and largest market for pork exports in value, according to 2017 trade data released by the US department of agriculture (USDA).
In the past calendar year, Japan imported 307,559 metric tonnes of US beef, an increase of 19% year-on-year, worth USD1.89 billion, which marks a 25% increase in value year-on-year from 2016.…
CHINA PLOTS RETALIATORY MEAT DUTIES ON USA EXPORTS OVER METAL TARIFF ROW
CHINA’S ministry of commerce has warned that it is prepared to impose retaliatory 25% duties on American pigmeat exports to China as a retaliation to the USA imposition of 25% and 10% duties on imported steel and aluminium.
It has released a draft list of products that would attract these Chinese import duties.…