Venezuela-Colombia border reopening to trade as tensions ease | Border Disputes News

Colombia and Venezuela are set to reopen two critical border crossings to cargo transport, as the neighbouring countries continue to mend relations after years of political conflict. The reopening – which will see goods like coal, toilet paper and fruit moved through crossings between the Colombian city of Cucuta and the Venezuelan state of Tachira […]

Do We Still Need the WTO? – The Diplomat

Advertisement The World Trade Organization (WTO) is functionally impotent. An organization that began with the objective of promoting free trade is ironically the biggest obstacle to achieving its own objective today. Between broken dispute settlement systems, ineffective negotiation mechanisms, and ambiguous policies leading to gross self-interested exploitation, the WTO injects more tension than trust in […]

China’s trade curbs on Taiwan after Pelosi visit are drop in the ocean

Beijing’s trade blocks against Taiwan affect about 0.04% of their two-way trade, reinforcing that these moves in Beijing’s playbook tend to be more political than economic, analysts said.  Beijing took action against Taiwan following U.S. House Speaker Nancy Pelosi’s visit to the island earlier this month despite warnings from Beijing. That included suspensions of imports […]

Is the INSTC Russia’s new economic escape route? | Russia-Ukraine war News

As the world worried about Russia’s blockade of Ukrainian grain exports in the Black Sea in late June, Vladimir Putin had a different trade route on his mind. Addressing leaders of nations that sit on the Caspian Sea, the Russian president spoke of a “truly ambitious project” as the centrepiece of Moscow’s efforts to “improve […]

What’s happening to Russian gold? | Business and Economy News

Some of the world’s leading economic nations, including the United States and some members of the European Union and Group of Seven (G7), are working out the details of a ban on gold exports from Russia, with the plan expected to be formally approved as soon as this week. The proposal was first mooted at […]

China willing to ‘recalibrate’ strained Australia ties, FM says | Politics News

Wang Yi says Australia should “correct” its understanding of China for relations to “set sail again”. China’s Foreign Minister Wang Yi has told state media that Beijing is willing to reset its relationship with Australia after several years of tensions over national security and trade. “The Chinese side is willing to take the pulse [on […]

Fiji to join Biden’s economic framework aimed at countering China | Business and Economy

Fiji will become the 14th country and first Pacific island nation to join US President Joe Biden’s signature economic framework, the White House announced on Friday, delivering a boost to Washington’s efforts to counter growing Chinese influence in the Asia Pacific. The announcement of Fiji’s membership of the Indo-Pacific Economic Framework for Prosperity (IPEF) came as […]

US, Japan and South Korea focus on semiconductors as Biden visits Asia

TOKYO — As U.S. President Joe Biden visits Japan and South Korea, the three countries are looking for common ground on the world stage. One place they’re finding it is semiconductors. A first stop for Biden on his first swing through Asia as president was a Samsung factory in South Korea. “These little chips, only […]

EU proposes gradual ban on Russian oil in sanctions against Moscow

The European Commission, the executive arm of the EU, on Wednesday put forward new sanctions against the Kremlin which will include a six-month phase out of Russian crude imports. Russia’s unprovoked invasion of Ukraine, and evidence of war crimes, has pushed the EU to take bolder steps on energy sanctions. But imposing measures that could reduce, or […]

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