Just a week before the deadline, Britain and the European Union struck a free-trade deal Thursday (US time) that should avert economic chaos on New Year’s and bring a measure of certainty for businesses after years of Brexit turmoil. Once
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EU lawmakers back U.S. lobster deal after Biden election win
BRUSSELS (Reuters) – European Union lawmakers have backed a small trade deal with the United States to remove EU tariffs on U.S. lobsters following Democrat Joe Biden’s victory in the U.S. presidential election.U.S. President-elect Joe Biden speaks about health care
Kazakhstan in line for S'pore trade deal
SINGAPORE – A new services and investment agreement between Singapore and Kazakhstan will bolster trade ties that have been growing in strength in recent years. Negotiations for the pact, which is part of a deal between Singapore and the Eurasian
Digital economy pacts pave way for Singapore to keep pace with trends on global stage, spur job creation
SINGAPORE – Amid a drive for digitalisation that is already changing cities and economies, Singapore initiated discussions with like-minded trade partners to develop basic rules for digital trade and a framework for collaboration in the digital era. Formal negotiations culminated
Japan export decline slows in September as shipments recover
TOKYO (REUTERS) – Japan’s exports in September fell at a slower pace than in the previous six months as US-bound shipments of cars started to recover from Covid-19 lows, suggesting the pandemic’s pressure on the economy was easing. The slower
Digitalisation, global connections and inclusive growth vital for S'pore to emerge stronger from Covid-19: Iswaran
SINGAPORE – The pandemic has made it even more important for Singapore to maintain its global connections while continuing to innovate and digitalise, said Communications and Information Minister S. Iswaran on Wednesday (Sept 16). “With lockdowns and safe distancing measures
US-China trade war in 300 words
The world’s two largest economies have been locked in a bitter trade battle. The dispute has seen the US and China impose tariffs on hundreds of billions of dollars worth of one another’s goods. US President Donald Trump has long
U.S. and EU hatch mini-deal to cut lobster, other tariffs
BRUSSELS/WASHINGTON (Reuters) – The United States and the European Union on Friday announced a mini-deal valued at around $200 million to cut import tariffs on a small range of products, including U.S. lobsters, in a sign of easing transatlantic trade
Canada to impose retaliatory tariffs on U.S. goods, hopes for resolution
OTTAWA (Reuters) – Canada will slap retaliatory tariffs on C$3.6 billion ($2.7 billion) worth of U.S. aluminum products after the United States said it would impose punitive measures on Canadian aluminum imports, a senior official said on Friday. Deputy Prime
South Korea's July 1-20 exports fall further on extended Covid-19 lockdowns
SEOUL (REUTERS) – South Korean exports extended their contraction during the first 20 days of July and by a larger percentage than in June as a protracted coronavirus lockdown and delay in economic reopening across the world continued to upend