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Canada challenges US softwood lumber duties under USMCA trade pact
International Trade Minister Mary Ng says Canada is formally initiating a challenge against “unwarranted and unfair” U.S. duties on Canadian softwood lumber.
Minister says inflation law ‘highly likely’ to violate FTA
South Korean Minister of Trade Industry and Energy said the US Inflation Reduction Act that bans tax benefits for electric vehicles built outside of North America is highly likely to breach the US-Korea FTA and WTO rules.
Indonesia parliament approves membership of China-backed regional trade deal
Indonesia’s parliament passed a law cementing the country’s membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world’s biggest trade bloc.
Mexico expects EU trade deal to be approved in 2022, minister says
The European Union should sign off on its updated trade agreement with Mexico later this year, Mexican Foreign Minister Marcelo Ebrard said.
EU-NZ trade agreement 'by no means a done deal'
"It is by no means a done deal ... there's going to be a huge diplomatic effort to push this across the line," - NZ's chief EU trade negotiator Vangelis Vitalis.
India, Canada to hold negotiations on trade in September
Reaffirming its commitment to an interim trade pact with India, Canada said that the next round of negotiations will be held in September.
Nigeria unprepared for African free trade –Experts
Three years after signing the African Continental Free Trade Area, Nigeria appears unprepared to compete in the trade regime...
EAEU-Iran talks on free trade agreement set for September
The next round of talks on a full-fledged free trade agreement between the Eurasian Economic Union (EAEU) and Iran will take place in Moscow at the end of September.
Tensions rise as Korea waits for verdict on Lone Star dispute
The Korean public has been in outrage over the matter for more than a decade, claiming that the case was an international “fraud” committed by an overseas private equity firm.
Trade agreement: Why India made a U-turn on free trade deals
Increased collaboration between countries like India, Australia, Japan and the US reflect their growing anxiety over China's control over supply chains and its ability to disrupt them.