Amid the ongoing Russo-Ukrainian War, which escalated with Russia’s invasion and occupation of parts of Ukraine on 24 February 2022, the Russian Foreign Ministry announced that talks between Russia and the United Nations regarding the Black Sea grain deal are scheduled to take place in Moscow on May 5, 2023. UN’s top trade official Rebeca … Read more
The international trade of agricultural commodities involves complex transactions, with buyers and sellers negotiating various aspects, including payment terms and quality inspections. One critical aspect to consider is the timing and location of payments and inspections for agri-commodities. This article discusses the main reason why agri-commodity payments should be made at the port of loading … Read more
India has been receiving significant attention in the international trade arena, thanks to its booming economy, rising population, and strategic geopolitical position. The country is rapidly becoming a favorite destination for businesses and investors alike, as they seek to diversify their portfolios and tap into India’s vast consumer market. This article delves into the factors … Read more
The United Kingdom’s decision to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) marks a significant milestone in its post-Brexit trade strategy. By deepening ties with the Asia-Pacific region and diversifying its trading partners, the UK aims to expand its global trade links and boost its economy. This article explores the opportunities, challenges, … Read more
Digitalization Benefits and Solutions for Small Businesses The Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) discussed the advantages of digitalization for small businesses on 26 April. Singapore shared its experiences with digital trade facilitation through its digital economy agreements, which include the adoption of the UNCITRAL Model Laws on E-commerce and Electronic … Read more
The European Union (EU) has played a pivotal role in shaping the global trade landscape since its inception. Over the years, the EU has evolved from a primarily economic partnership into a political and economic powerhouse, influencing international trade policies and establishing strong trade relationships with countries across the globe. In this article, we will … Read more
Strengthening Ties between the EU and NAFTA In recent years, the landscape of international trade has been rapidly transforming. With globalization and technological advancements, countries have become more interconnected than ever before. This interconnectedness has led to a surge in the number of trade agreements between various countries and trading blocs, such as the European … Read more
On Friday, China and Brazil pledged to cooperate in the fight against deforestation and illegal trade that results in forest loss. During a visit to China, Brazil’s President Lula da Silva met with his Chinese counterpart Xi Jinping, announcing their collaboration to control the ongoing issue of illegal deforestation. China is Brazil’s largest trading partner … Read more
The recent events of the Russian invasion of Ukraine, competition with China, and the ongoing COVID-19 pandemic have had profound impacts on international trade relations. These challenges have highlighted the need for strengthened transatlantic ties to address the issues facing the global economy. Against this backdrop, the American Enterprise Institute (AEI) recently hosted a conversation … Read more
The Department of Treasury’s recent guidance on rules for the Inflation Reduction Act’s (IRA) clean vehicle tax credits has raised concerns about the executive branch’s authority to enter into and define free trade agreements. This article aims to provide a comprehensive understanding of free trade agreements, the constitutional powers granted to the executive branch in … Read more