Coinbase CEO Brian Armstrong tweeted that cryptocurrencies help to establish property rights protection, a sound monetary system and a free trade environment. But it is not a panacea, and we still need to push through institutional reforms such as regulation and elimination of corruption.
Canadian Prime Minister Mark Carney: Canada will re-establish free trade with the vast majority of American goods.
Von der Leyen, president of the European Union Commission, said on Sunday that a political agreement had been reached to move forward with a free trade agreement between the European Union and Indonesia. "There is still a lot of untapped potential in our trade relationship, so this agreement comes at the right time and this new agreement will open up new markets," Mr. Von der Leyen said at a press conference with Indonesia's president.
The State Council issued a notice on the replication and promotion of pilot measures to comprehensively integrate international high-standard economic and trade rules and promote high-level institutional opening up in free trade zones.
On June 28th, Canada announced the implementation of tariff quotas on imports of steel products from non-free trade agreement partners, effective from June 27 local time. The Canadian government issued a statement saying, "Today, Minister of Finance and National Revenue Shang Pengfei announced the implementation of new tariff quota management for steel products imported into Canada from non-free trade agreement (FTA) countries. The quota is set at 2.60 million tons, and a 50% surcharge will be i...
The British government said on Tuesday that British Foreign Secretary Lamy will announce the suspension of talks on a free trade deal with Israel, adding that Britain has also summoned the Israeli ambassador over Israel's expanded military operation in Gaza. British Foreign Secretary Lamy said Israel's actions were intolerable and he urged Israeli Prime Minister Benjamin Netanyahu to immediately end the blockade of humanitarian aid to Gaza.
According to Japan's Kyodo News Agency, economic ministers from Japan and the Association of Southeast Asian Nations (ASEAN) held an online meeting on the 20th. In view of the rise of protectionism around the world due to the high tariff policy of the Trump administration in the United States, the participants agreed to promote free trade. The meeting adopted a joint statement, emphasizing "recognizing the importance of strengthening trust and cooperation to address common issues." Participants ...
On May 12, local time on the evening of May 11, Vice Premier He Lifeng of the State Council met with Director-General Iweala of the World Trade Organization in Geneva. He Lifeng said that the multilateral trading system with the World Trade Organization at its core is the cornerstone of international trade and plays an important role in global economic governance. All parties should resolve differences and disputes through equal dialogue under the framework of the World Trade Organization, joint...
On May 6th, the British government: India will cut tariffs on 90% of British imports, of which 85% will be zero within ten years. In addition, India will halve tariffs on whisky and gin imported from the UK to 75%, and reduce car tariffs to 10% under quotas. The UK-India deal is expected to increase UK GDP by £4.80 billion a year by 2040, while the trade deal will increase bilateral trade by £25.50 billion a year.
Ukraine has signed an agreement with the European Free Trade Association to eliminate all tariffs on industrial goods.