Malaysian Foreign Minister Saifuddin Abdullah (left) Thailand's Foreign Minister Don Pramudwinai attend a press conference in Bangkok, Thailand, Aug 10, 2022. (SAKCHAI LALIT / AP) BANGKOK – Thailand's Foreign Minister Don Pramudwinai and his Malaysian counterpart Saifuddin Abdullah on Wednesday announced that their countries will strengthen cooperation in areas such as trade and digital economy. […]
HONG KONG, Aug 8, 2022 – (ACN Newswire via SEAPRWire.com) – The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong SAR (HKSAR) Government’s relaxation of entry quarantine measures, which will have a positive impact on Hong Kong’s economic recovery and strengthen the city’s international competitiveness. The HKTDC has been supporting Hong Kong’s small-to-medium […]
(SHI YU / CHINA DAILY) US President Joe Biden launched the "Indo-Pacific Economic Framework" during his visit to Japan on May 23, projecting it as a new critical building block of his "Indo-Pacific" architecture. The United States will be partnering 12 countries in the IPEF－the other three Quad members, Australia, India and Japan, as well […]
Minister for Trade and Export Growth Damien O'Connor speaks at a press conference on the upgraded FTA between China and New Zealand in Wellington, New Zealand on Jan. 26, 2021. (PHOTO / XINHUA) AUCKLAND, New Zealand – New Zealand Minister for Trade and Export Growth Damien O'Connor on Monday expressed his confidence in trade and […]
Minister for Trade and Export Growth Damien O'Connor speaks at a press conference on the upgraded FTA between China and New Zealand in Wellington, New Zealand on Jan. 26, 2021. (PHOTO / XINHUA) AUCKLAND, New Zealand – New Zealand Minister for Trade and Export Growth Damien O'Connor on Monday expressed his confidence in trade and […]
On July 19, the 9th China-EU High-Level Economic and Trade Dialogue, co-chaired by Chinese Vice-Premier Liu He and Executive Vice-President of the European Commission Valdis Dombrovskis, and attended by more than 20 ministerial-level officials, was successfully held. Through pragmatic, frank and efficient discussions, the two sides reached a series of consensuses and deliverables on macro-economic […]
US President Joe Biden and Japan's Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity with other regional leaders via video link at the Izumi Garden Gallery in Tokyo on May 23, 2022. (SAUL LOEB / AFP) WASHINGTON – The United States will host a virtual meeting on Tuesday of officials representing the […]
The ninth round of the China-EU High-Level Trade and Economic Dialogue, held virtually on Tuesday, was pragmatic, candid, efficient and constructive, according to the Chinese Ministry of Commerce. Agreement was reached on trade and investment liberalization and facilitation, mutual openness, fair competition, intellectual property rights protection and business investment optimization, the ministry said in its […]
RCEP gains felt already as Asia-Pacific economies tighten links, experts say A freight train carrying excavators leaves Liuzhou, Guangxi Zhuang autonomous region, for Vietnam in April. (PHOTO / XINHUA) The world's largest free-trade pact is gradually transforming economies in the Asia-Pacific region by opening up huge export markets and strengthening supply chains, analysts say. The […]
Throughout her first trip to Asia as United States Secretary of the Treasury, Janet Yellen has been preaching the idea of "friend-shoring". From the G20 finance ministers' meeting in Bali, Indonesia, to her visits to Japan and the Republic of Korea, she has been pushing the proposal that like-minded countries agree to Washington-designed trade practices […]
Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. (PHOTO PROVIDED TO CHINA DAILY) The emergence of a new wave of the novel coronavirus in recent months led to lockdowns of cities in the Pearl River and Yangtze River delta regions, the two major bases of the country's manufacturing and export […]
On Tuesday, for the first time in two decades, the European single currency fell to parity with the US dollar. The value of the euro has fallen around 12 percent since the start of the year, as fears of the bloc suffering a recession keep mounting, driven mainly by high inflation and the energy supply […]
Britain's Prime Minister Boris Johnson makes a statement in front of 10 Downing Street in central London on July 7, 2022. Johnson quit as Conservative party leader, after three tumultuous years in charge marked by Brexit, COVID-19 and mounting scandals. (JUSTIN TALLIS / AFP) With the loss of support within his government and party, United […]
Vice-Premier Liu He, who's led the Chinese side of comprehensive economic dialogue with the United States, spoke with US Treasury Secretary Janet Yellen on Tuesday morning via video link, exchanging ideas on the macroeconomic situation and the stability of global industry and supply chains. The communication was reportedly "pragmatic", "candid", and "rich in constructiveness", which […]
News that Airbus will sell 292 planes to Chinese airlines in a blockbuster deal worth $37 billion proves that the efforts by the Netherlands-headquartered plane manufacturer to tap into the vast Chinese market－including building a local final assembly line in Tianjin－have paid off. It is a win-win for both China and Europe. Given its decades-long […]
European Commission President Ursula von der Leyen (right) and New Zealand Prime Minister Jacinda Ardern (left) give a press conference after a meeting at EU headquarters in Brussels, on June 30, 2022. (KENZO TRIBOUILLARD / AFP) BRUSSELS – The European Union and New Zealand completed negotiations on Thursday for a free trade agreement that could […]
(CUI MIAOMIAO / FOR CHINA DAILY) Beijing and Tokyo issued in 1972 the China-Japan Joint Statement announcing the normalization of diplomatic relations. To improve the ties and consolidate the foundation for cooperation, the two sides signed and issued the Treaty of Peace and Friendship in 1978, the China-Japan Joint Declaration in 1998, and a joint […]
UK Secretary of State for International Trade Anne-Marie Trevelyan speaks during a news conference at the Port of Baltimore ahead of her two-day meeting with US Trade Representative Ambassador Katherine Tai, on March 21, 2022, in Baltimore. (JULIO CORTEZ / AP PHOTO) LONDON – Britain on Wednesday will launch talks over a new free trade […]
Photo taken on Oct 28, 2021 shows the Commerce Department building in Washington, DC, the United States. (PHOTO / XINHUA) Almost four years after the previous Donald Trump administration slapped 25 percent tariffs on $34 billion of Chinese imports, the first shot in the trade war it initiated against China, US President Joe Biden has […]
Indonesian President Joko Widodo takes part in a meeting with Australian Prime Minister Scott Morrison (not pictured) in the cabinet room at Parliament House in Canberra on Feb 10, 2020. (TRACEY NEARMY / POOL / AFP) JAKARTA – Indonesian President Joko Widodo announced a cabinet reshuffle on Wednesday, appointing a new trade minister following controversy […]
It is the World Trade Organization that is responsible for maintaining fair trade, and in playing this role, it has made it possible for emerging economies to have opportunities for development. However, the globalization facilitated by WTO rules that has made the win-win economic cooperation possible between countries at different development stages, has resulted in […]
File photo shows the morning view of the Lujiazui area in Pudong, East China's Shanghai. (PHOTO / XINHUA) Those observing that foreign companies are leaving China to support the claim that China's economy is declining are doing so despite the evidence to the contrary. The outward flow of some low added-value production elements and economic […]
The United States has become increasingly rash and mischievous in playing the Taiwan card in its effort to contain China. In its latest move, the US began talks with the island last week with the claimed purpose of deepening their trade relations. The launch of the "initiative on 21st-century trade" between the island and the […]
A picture shows the new UAE embassy in Tel Aviv on July 14, 2021. (JACK GUEZ / AFP) DUBAI – Israel signed a free trade agreement with the United Arab Emirates on Tuesday, its first big trade accord with an Arab state and a move aimed at boosting trade between the two Middle East nations. […]
The Emirati, Israeli and US flags sway in the wind at the Abu Dhabi airport at the arrival of the first-ever commercial flight from Israel to the UAE, on Aug 31, 2020. (KARIM SAHIB / AFP) JERUSALEM – Israel and the United Arab Emirates will sign a free trade agreement in Dubai on Tuesday in […]
Yoon Suk-yeol was sworn in as the 20th president of the Republic of Korea recently, but his government may not have smooth sailing, as it could face domestic and foreign environments comparable to that during the 1990s Asian financial crisis and the 2008 global financial crisis. In order to ensure steady economic growth and maintain […]
Participants walk outside the Congress Center for the World Economic Forum (WEF) 2022 Annual Meeting in Davos, Switzerland, May 22, 2022. (PHOTO / XINHUA) As President Xi Jinping indicated in his video address at the Global Trade and Investment Promotion Summit last week, the stronger the headwinds are, the more the world needs to pull […]
An employee checks a photovoltaic panel at a production facility in Haian, Jiangsu province, in January. (ZHAI HUIYONG / FOR CHINA DAILY) At the second meeting of the US-EU Trade and Technology Council held on Sunday and Monday in Paris, officials from the two sides pledged to strengthen their transatlantic bonds and cooperation on issues […]
(SONG CHEN / CHINA DAILY) Last year marked the 30th anniversary of the establishment of dialogue relations between China and the Association of Southeast Asian Nations. At a commemorative summit in November, the two sides upgraded the bilateral relationship to a comprehensive strategic partnership. As a result, China-ASEAN relations got off to a good start […]
India’s Commerce Minister Piyush Goyal addresses a joint news conference after taking part in the virtual signing ceremony of the India-Australia economic cooperation and trade agreement with Australian Trade Minister Dan Tehan, in New Delhi on April 2, 2022. (SAJJAD HUSSAIN / AFP) CANBERRA – The Australian government reached an agreement on a trade agreement […]