Tag: trade

  • CARICOM and the African Union to deepen ties: Why this is a good idea!

    CARICOM and the African Union to deepen ties: Why this is a good idea!

    Alicia Nicholls

    Caribbean-African relations have become an exciting and refreshing trade space to watch in recent months. Over the past few weeks, two African leaders (Their Excellencies President Nana Akufo-Addo of Ghana and President Uhuru Kenyatta of Kenya) paid separate official visits to the Caribbean. Barbados’ Prime Minister, the Hon. Mia Amor Mottley also paid a state visit to Morocco in June 2019.

    It was also announced earlier this month that the Caribbean Community (CARICOM) would over the next year seek to deepen and formalise cooperation with its African equivalent – the African Union (AU). This article takes a brief look at why formalization of south-south cooperation and engagement between CARICOM and the African Union is a good idea.

    CARICOM and AU have more similarities than differences

    The formal relationship between the two regions has been mainly through their participation in the Africa, Caribbean, Pacific (ACP) and the Commonwealth of Nations groupings, and not directly bilateral. But change is on the horizon. In 2012, Heads of State and Government of the African Union, the Caribbean and South America concluded the Global African Summit with a declaration which outlined a plan of action for forging political, economic and social cooperation between the AU and ‘all inter-governmental entities in regions in which African Diaspora populations are part of’, which includes CARICOM.

    As I wrote in a previous article a couple of weeks ago, there is much promise for expanding and deepening economic and political relations between Africa and the Caribbean. A boost would be, of course, formal collaboration between CARICOM and the AU.

    CARICOM is an intergovernmental organization of fifteen mostly English-speaking Caribbean States and territories founded on July 4, 1973 by the Treaty of Chaguaramas (revised in 2001). It was preceded by the Caribbean Free Trade Agreement (CARIFTA) which lasted from 1968-1973 and the West Indian Federation (1958-1962). CARICOM has a collective population of approximately 18 million. Its secretariat is based in Georgetown, Guyana. Twelve CARICOM Members are currently full members of the CARICOM Single Market and Economy (CSME).

    The AU is a 55-nation pan-continental, intergovernmental organization which was officially launched in July 2002. The AU has a population of just over 1 billion. Its secretariat is in Addis Ababa, Ethiopia. The AU has launched Agenda 2063, an ambitious plan to transform the continent into a global powerhouse. There are currently eight regional economic communities considered ‘building blocks’ of the AU, and diaspora relations are also integral to the AU.

    Both CARICOM and the AU are intergovernmental organisations which encompass post-colonial States with cultural and linguistic differences, facing a myriad of challenges and varying levels of development. Both are in the process of wide-scale regional integration projects. CARICOM, for instance, is in the process of trying to consolidate its CSME. The African Continental Free Trade Agreement (AfCFTA), which was signed in March 2018 and currently has 54 signatories, seeks to create a seamless pan-African economic space. The AfCFTA came into effect in May 2019 and the process has started for the Agreement’s operationalization.

    There are, of course, differences between the two regions which may impact on the policy and negotiating positions taken in multilateral fora. For example, most CARICOM countries are services-based (mainly tourism and/or financial services) economies, with the exception of Belize, Guyana, Suriname and Trinidad & Tobago where commodities trade is important. In the mostly resource-rich African countries, however, commodities trade is king. Most Caribbean countries are Small Island Developing States (SIDS), while those in the AU include mainly landlocked and coastal continental States. The only six AU SIDS are Comoros, Guinea Bissau, Mauritius, Sao Tome e Principe and Seychelles. Moreover, 33 of the 55-member AU are classified by the United Nations (UN) as Least Developed Countries (LDCs), while Haiti is the only LDC in CARICOM.

    Despite these differences, which should not be overlooked, I believe the prospects for CARICOM/AU collaboration and engagement are very promising. Both regions can learn from each other as they seek to deepen their integration projects. There is also scope for closer Caribbean/Africa multilateral collaboration on issues of mutual interest, such as confronting the growing threat of unilateralism and protectionism; the achievement of the United Nations’ 2030 Agenda and its 17 Sustainable Development Goals (SDGs) and their targets; de-risking by global banks; climate change; reform of the World Trade Organisation (WTO); securing reparations, to name a few. Intra-regional cooperation prospects are also promising in many areas such as agriculture, education, the creative industries, renewable energy, medicine/health, the blue and green economies, sports, information and communications technology (ICTs), for example.

    Moreover, Barbados’ upcoming co-hosting of the UNCTAD 15 Quadrennial in October 2020 provides further prospects for collaboration on important multilateral trade and development issues. It is interesting to note that UNCTAD 14 was held in Nairobi, Kenya so there is the opportunity for Kenya to share with Barbados its experience in the successful hosting of the UNCTAD 14.

    Plans for Deepening CARICOM/AU ties  

    A press release issued by the CARICOM Secretariat noted that CARICOM Secretary General Ambassador Irwin LaRocque and Deputy Chair of the African Union Commission (AUC), His Excellency Kwesi Quartey, discussed the need for continued ACP solidarity in the on-going negotiations for the Post-Cotonou Agreement with the European Union (EU) and agreed to explore collaboration on multilateral areas of concern, such as climate change.

    The CARICOM press release further noted that the two leaders “took the opportunity to consider some of the areas in which their two organisations could work together including the formalisation of an institutional relationship between CARICOM and the AU to promote cooperation and to strengthen the deep bond of friendship between Africa and the Caribbean.”

    Moreover, St. Lucia Times has quoted St. Lucian Prime Minister, the Hon. Allen Chastanet, as stating that there will be a planned CARICOM and the AU Summit and the signature of a Memorandum of Understanding establishing a framework for engagement and cooperation. Prime Minister Chastanet is further quoted by this news agency as stating that “Barbados and Suriname will partner in establishing an Embassy in Ghana, while Barbados and Saint Lucia will partner in establishing an Embassy in Kenya.”

    During President Kenyatta’s visit, Barbados and Kenya have also committed to negotiating a Double Taxation Agreement and Bilateral Investment Treaty with each other, and discussed collaboration in areas such as ICTs, renewable energy, sports, the blue economy, health, education and air services. Kenya has also sought the Caribbean’s support in its bid for a seat on the UN Security Council.

    While this high-level political commitment to greater Caribbean-African engagement is needed and commendable, it is firm to firm, university to university and people to people collaboration which will transform deeper Caribbean-African relations from an aspiration to reality. An important step, therefore, will also be formalizing relations between private sector organisations, business support organizations, investment promotion agencies, universities and tourism boards in the Caribbean and Africa in order to promote Caribbean-Africa trade and investment in both traditional and emerging sectors, research and tourism. On this note, it was welcomed news that there will be commencement of engagement between the private sectors of Barbados and Kenya, as well as deeper university collaboration.

    Alicia Nicholls, B.Sc., M.Sc., LL.B., is an international trade and development consultant with a keen interest in sustainable development, international law and trade. You can also read more of her commentaries and follow her on Twitter @LicyLaw.

    DISCLAIMER: All views expressed herein are her personal views and do not necessarily reflect the views of any institution or entity with which she may be affiliated from time to time.

  • Caribbean Trade & Development News Digest – July 28-August 10, 2019

    Caribbean Trade & Development News Digest – July 28-August 10, 2019

    Welcome to the Caribbean Trade & Development News Digest for the weeks of July 28-August 10, 2019! We are happy to bring you the major trade and development headlines and analysis from across the Caribbean Region and the world from the past week.

    HIGHLIGHTS

    The World Trade Organization released its World Trade Statistical Review 2019 which provides a detailed analysis of global trade developments for the review period. Access the report here.

    The Caribbean Court of Justice upheld the classification decision of the CARICOM Council for Trade and Economic Development (COTED)’s on cement imported and distributed by the Barbados-based Rock Hard Cement Ltd.

    REGIONAL NEWS

    CARICOM and the African Union discuss working together, formalising relationship

    CARICOM: Secretary General of the Caribbean Community (CARICOM), Ambassador Irwin LaRocque and Deputy Chair of the African Union Commission (AUC), His Excellency Kwesi Quartey discussed the need for continued ACP solidarity in the negotiations for the Post-Coutonou Agreement with the European Union (EU). Read more

    Caribbean Court upholds trade ministerial decision on cement classification

    Demerara Waves: The Caribbean Court of Justice (CCJ) on Tuesday delivered a judgement which upholds the classification decision of the CARICOM Council for Trade and Economic Development (COTED) on cement, known as Rock Hard Cement, imported and/or distributed within CARICOM by Rock Hard Cement (Rock Hard Distributors Limited) and, Mootilal Ramhit and Sons Contracting Limited. Read more

    Exports of essential oils from the Caribbean to Europe increasing

    South Florida Caribbean News: It is becoming increasingly common to find natural cosmetic products in large retail stores, perfume stores and supermarkets. Read more

    Government of Jamaica allocate $15 million to farmers affected by the ongoing drought

    Caribbean News Now: The ministry of industry, commerce, agriculture, and fisheries, through the Rural Agricultural Development Authority (RADA), is spending $15 million to assist farmers affected by the ongoing drought. Read more

    Addressing Genetically Modified Foods: A Rising Food Security Concern for the Region

    SRC: Genetically Modified Organisms (GMOs) are one of the most controversial areas of science. While their use in certain fields like medicine is accepted, when it comes to their use in food and agriculture, ethical and moral questions loom. Read more

    Barbados ‘vulnerable’ to food fraud

    Nation News: Despite having “pretty strong” food safety and security measures, Barbados is still vulnerable to food fraud, says Inter-American Institute for Cooperation on Agriculture (IICA) representative Ena Harvey. Read more

    Kenya to open trade links with Jamaica

    The Star: The Kenya National Chamber of Commerce and Industry and Jamaica Chamber of Commerce and Industry have expressed interest in deepening trade ties. Read more

    How did the Bahamas revitalise its sponge industry?

    IDB: A small community of about 900 people in Little harbour, in Mangrove Cay in The Bahamas, used to be home to a key driver of local economic growth–sponging. Little Harbour, which runs along a 1.5 million national marine park that is one of the Caribbean’s largest protected areas, is adjacent to the world’s third-largest barrier reef. Read more

    Uhuru seeks Caribbean support in Kenya’s bid for UN Security Council seat

    Capital FM: President Uhuru Kenyatta has urged the Caribbean community to support Kenya’s bid for the United Nations Security Council (UNSC) non-permanent seat for the period 2021 to 2022. Read more

    Uhuru invites Barbadian business community to invest in Kenya

    Capital FM: President Uhuru Kenyatta has invited Barbadian investors to set shop in Kenya saying his administration has created an enabling environment for both foreign and local businesses to thrive. Read more

    INTERNATIONAL NEWS

    US-Africa trade talks end in Abidjan, highlight AfCFTA

    North Africa Post: Talks between African and US officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday in Côte d’Ivoire with no major deal. Read more

    Japan expands trade and investments in Africa

    Fresh Plaza: In connection with the Tokyo International Conference on African Development, Japanese cumulative FDI in Africa increased from $3.9bn in 2007 to $10bn in 2016. Read more

    How new Trade Information Portal plans to plug Africa’s data and finance gap

    GTR: The African Export-Import Bank (Afreximbank) is building an online repository of information products for importers and exporters looking to access African markets or expand existing operations across the continent. Read more

    Two third of market access negotiations in RCEP over; 16-nation FTA talks to resume in September

    Business Today: The intersessional ministerial meeting among 16 countries to negotiate a mega free trade agreement – Regional Comprehensive Economic Partnership (RCEP) – concluded last week with a call to maintain the momentum in the run up to the closure of negotiations by the end of the year. Read more

    RCEP negotiations: India lists out demands before China for market access

    Business Line: Playing hardball with China in the on-going negotiations for the Regional Comprehensive Economic Partnership (RCEP) pact, India has read it out a big list of demands for market access in both goods and services, including larger exports of drugs, sugar, rice, dairy, soybean, IT and other services. Read more

    RCEP talks: New Zealand ready to ease work-visa rules for India

    Business Line: New Zealand wants to have greater market access for its dairy products, apples, kiwis and wine into India as part of the ongoing Regional Comprehensive Economic Partnership (RCEP) pact being negotiated by 16 countries, said the country’s special envoy for Commonwealth Trade Integration Jeremy Clarke-Watson. Read more

    ACP calls for unity as negotiations continue with Europe

    Jamaica Observer: Secretary General of the African Caribbean and Pacific (ACP) Group Dr Patrick I Gomes says the 79-member grouping must continue to show unity and be strong if it wants a successful outcome to the negotiations for a new agreement to replace the Cotonou Agreement that expires in 2020. Read more

    ACP Secretariat recommends actions for the UK government to facilitate physical market access of ACP Service providers to the UK market

    ACP: The ACP Group of States was recently invited to give evidence before the House of Commons International Trade Select Committee to speak about the movement of natural persons in the delivery of temporary services (Mode 4 of services supply). Read more

    Container ports: the fastest, the busiest, and the best connected

    UNCTAD: Known as the “humble heroes” of globalization, containers are handled in hundreds of millions at container ports worldwide annually. Efficient and well-connected container ports enabled by frequent and regular shipping services are key to minimizing trade costs, including transport costs, linking supply chains and supporting international trade. Read more

    There’s another trade war brewing over oil and milk

    Economic Times: While the world focuses on the ongoing trade war between China and the U.S., another spat has been brewing between commodity giant Indonesia and the European Union. Read more

    Western Australia’s huge reliance on China leaves it particularly vulnerable in a trade war

    ABC (Australia): The West Australian Government has been left walking a fine line in navigating the state’s economic reliance on China in the midst of a trade war and rising security tensions between the superpower and the United States. Read more

    Qatar prevails over UAE in trade dispute at WTO

    MENAFM: The State of Qatar announced yesterday that its permanent mission to the World Trade Organization (WTO) has received a formal communication indicating that the United Arab Emirates (UAE) had withdrawn its WTO dispute concerning certain alleged measures adopted by Qatar. Read more

    As Trump Scales Back, Asian Heavyweights Prep for World’s Biggest Trade Pact

    VoA: The world’s biggest free trade pact may be just months from final signatures after talks this month appeared to bring the trade group’s 16 members closer to agreement. Read more

    Biden: I would ‘renegotiate’ Pacific trade deal

    The Hill: Former Vice President Joe Biden said Wednesday night he would “renegotiate” the Trans-Pacific Partnership (TPP), not seek to rejoin it as it was previously written. Read more

    US Open to Further Talks as Trade War With China Escalates

    VoA: The White House is signaling it is not seeking to further escalate the trade war with Beijing, after the administration of President Donald Trump took the mostly symbolic action of declaring China a currency manipulator. Read more

    Trump has ‘huge appetite’ for free trade deal with UK – Raab

    Sky News: The foreign secretary sounds upbeat about UK-US trade after meeting President Trump at the White House. Read more

    Nicaragua Confirms Agreement With South Korea

    Q Costa Rica: Nicaragua is the first Central American country to establish a date of entry into force of the Free Trade Agreement (FTA) with South Korea, which is agreed for October 1, 2019. Read more

    Free trade agreement between Singapore and Britain in the works: Vivian Balakrishnan

    CNA: Singapore says it has an understanding with the United States that the city-state does not take advantage of privileges that come with “developing country” status in the World Trade Organisation (WTO). Read more

    US aware Singapore doesn’t take advantage of developing-country status: Chan Chun Sing

    The Strait Times: Singapore says it has an understanding with the United States that the city-state does not take advantage of privileges that come with “developing country” status in the World Trade Organisation (WTO). Read more

    WTO NEWS

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    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below:

  • Caribbean Trade & Development News Digest – July 14-20, 2019

    Caribbean Trade & Development News Digest – July 14-20, 2019

    Welcome to the Caribbean Trade & Development News Digest for the week of July 14-20, 2019! We are happy to bring you the major trade and development headlines and analysis from across the Caribbean Region and the world from the past week. We apologise for the delay in this week’s edition.

    REGIONAL NEWS

    Action Plan in Place for CSME

    CARICOM: It will be full steam ahead for implementing policies related to the CARICOM Single Market and Economy (CSME), but with some revised timelines. Read more

    U.S commits to increasing trade, investment in Guyana

    St Lucia News Online: US Ambassador Lynch assured that the US will continue to partner with Guyana in not only oil production but other sectors in the country’s development. Read more

    Barbados restructuring Customs Dep’t

    Barbados Today: Making the disclosure yesterday, Minister in the Ministry of Finance Ryan Straughn said the new management structure was part of the process of rebuilding and strengthening the Government agency, which had for several years been led by an acting comptroller of customs and had seen prolonged disruption in its operation during the former Democratic Labour Party (DLP) administration. Read more

    Argentina and IICA to assist Barbados in Apiculture

    Caribbean News Now: On July 15th, the Embassy of Argentina and the Inter-American Institute for Cooperation in Agriculture (IICA), launched in Bridgetown an innovative triangular cooperation project aimed at assisting local beekeepers and other stakeholders of the honey production sector. Read more

    Cocoa Research Centre: Leads the way among world’s genebanks

    Newsday: The Cocoa Research Centre has been around since 1930, as part of the Imperial College of Tropical Agriculture, the precursor to the modern-day University of the West Indies, St Augustine campus. Read more

    Grenada PM lauds joint UWI – regional rum industry initiative

    Caribbean News Now: Prime Minister of Grenada Dr. Keith Mitchell has lauded the signing of a Memorandum of Understanding (MoU) between The University of the West Indies Open Campus and the regional rum industry grouping – the West Indies Rum & Spirits Producers Association (WIRSPA). Read more

    Licences approved as St Vincent’s Cannabis industry opens

    LoopTT: Over 30 licences have been approved by the Medicinal Cannabis Authority (MCA) for the cultivation, development and export of medicinal marijuana products. Read more

    INTERNATIONAL NEWS

    South American bloc eyes fast-track for EU trade deal

    Reuters: Leaders from countries in South America’s Mercosur trade bloc met on Wednesday in Argentina, with plans as to how to push forward a recently struck free-trade deal with the European Union at the center of discussions. Read more

    Just 7% of Canadian exporters familiar with CETA as Trudeau pushes trade diversity: survey

    Global News: Prime Minister Justin Trudeau urged European partners this week to finalize Canada’s trade deal with the EU, a push that came with his government facing a tough sales job at home: getting domestic firms to use it. Read more

    Japanese official says negotiators working hard on U.S.-Japan trade deal

    Reuters: U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to news on the deal in the near future. Read more

    Intra-African free trade deal success hinges on implementation and speed of execution

    Business Day: The recently signed African Continental Free Trade Area agreement (AfCFTA), which came into force on May 30, represents a unique opportunity to grow intra-Africa trade and diversify trade exports with the rest of the world. Read more

    Papua asks for govt help in bolstering trade network with Pacific nations

    Jakarta Post: The Papua administration has requested that the central government assist it in bolstering the trade network with neighboring countries in the Pacific, as the province seeks to promote itself as a regional trading hub. Read more

    Chinese Buyers Seek Tariff Exemptions for U.S. Farm Goods

    Bloomberg: Some Chinese companies are applying for tariff exemptions as they make inquiries about buying U.S. agricultural products, more than a week after President Donald Trump complained that China hasn’t increased its purchases of American farm products. Read more

    China, US said to be wrangling over text before trade talks can resume

    South China Morning Post: China and the United States remain divided over which negotiating text to base their revived trade talks on, with Washington demanding a longer document be used that lists earlier promises made by Beijing, according to observers. Read more

    Boris Johnson’s no-deal Brexit threat risks being ignored by the EU

    Guardian: Boris Johnson’s suggestion he could use the threat of no deal to win an improved Brexit deal for the UK risks falling on deaf ears in Brussels, the EU’s top negotiator has suggested. Read more

    South Korea trade ministry to raise Japan export curbs at WTO general council meeting

    Reuters: South Korea’s trade ministry said on Sunday it plans to raise the “unfairness” of Japan’s export curbs at the World Trade Organization’s general council meeting on July 23 to 24. Read more

    WTO opens way for Chinese sanctions against U.S. tariffs in Obama-era dispute

    Reuters: The United States did not fully comply with a World Trade Organization ruling and could face Chinese sanctions if it does not remove certain tariffs that break WTO rules, the WTO’s appeals judges said in a ruling on Tuesday. Read more

    WTO: Struggling to stay relevant

    Business Line: The World Trade Organization (WTO) is facing an unprecedented existential crisis. The challenges to WTO are coming from various quarters but the biggest threat is from one of its former proponents — the US. Read more

    WTO NEWS

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    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below:

  • Caribbean Trade & Development News Digest – July 7 – 13, 2019

    Caribbean Trade & Development News Digest – July 7 – 13, 2019

    Welcome to the Caribbean Trade & Development News Digest for the week of July 7-13, 2019! We are happy to bring you the major trade and development headlines and analysis from across the Caribbean Region and the world from the past week.

    THIS WEEK’S HIGHLIGHTS

    In this week’s headlines, fifteen countries in the West African regional bloc ECOWAS have agreed to adopt a single currency called the ECO next year. Regionally, Jamaica aims to deepen its trade and other bilateral relations with the Cayman Islands, while Barbados has its eye on investment opportunities in Guyana.

    REGIONAL NEWS

    Jamaica – Cayman Islands to strengthen trade, bilateral relations

    Caribbean News Now: Jamaica is moving to improve trade relations with the Cayman Islands, prime minister Andrew Holness said speaking to the Jamaican diaspora in the Cayman. Read more

    WTO ‘devastating’ for farmers and fisheries

    Tribune 242: Becoming a full World Trade Organisation (WTO) member will be “devastating” for Bahamian farmers because they are “not prepared” for the competitive demands of liberalised trade regimes. Caron Shepherd, president of the Farmers United Cooperative, told Tribune Business. Read more

    Barbados seeking to encourage investments in Guyana

    Jamaica Observer: The Barbados Government is seeking to lure local investors to invest in Guyana, which is the world’s second-largest stock market, NASDAQ last month named as the fastest growing economy in the world. Read more

    Investment potential in Guyana

    Barbados Today: Investment opportunities in Guyana worth millions of dollars appear to have captured the attention of dozens of workers and entrepreneurs eager to tap into its growing market. Read more

    Antigua PM Reports Positive Talks On Ownership In Scotiabank Country Branch

    Jamaica Gleaner: The Antigua & Barbuda government is reporting positive feedback to a proposal that would allow it to own at least 40 per cent of the local Scotiabank operation, under a regional transaction in which the Canadian owner is offloading some of its Caribbean assets to Republic Financial Holdings Limited. Read more

    Antigua – Barbuda and the Dominican Republic forge closer relations: Embassy to break ground soon

    Caribbean News Now: Prime Minister Gaston Browne fulfilled a promise made three years ago to the president of the Dominican Republic to transfer one acre of land for the construction of an embassy and residences for the Dominican Republic in St John’s, presented the land certificate to foreign affairs minister of the Dominican Republic, Chancellor Miguel Vargas who paid an official visit to Antigua and Barbuda over the weekend. Read more

    Statistical Capacity-Building Underway in CARICOM Member States

    CARICOM: The Caribbean Community (CARICOM) has embarked on a series of exercises across the Region as it steps up its efforts to build capacity in statistics. The Community is working towards providing robust, quality statistics to inform and advance its development thrust. Read more

    Caribbean Countries to Benefit from Access to Insurance for the Fisheries Sector

    OECS: CCRIF SPC and the World Bank are pleased to announce that on July 1, the Facility issued the Caribbean Oceans and Aquaculture Sustainability FaciliTy (COAST) fisheries parametric insurance policy to two of its member governments – Grenada and Saint Lucia. Read more

    INTERNATIONAL NEWS

    ECOWAS West African nations to adopt unified ‘eco’ currency

    IOL: The Economic Community of West African States announced at the end of its summit in Abuja, Nigeria, that it would be adopting the ECO as its shared currency by 2020. Read more

    France passes tax on tech giants despite US threats

    BBC: France has approved a digital services tax despite threats of retaliation by the US, which argues that it unfairly targets American tech giants. The 3% tax will be levied on sales generated in France by multinational firms like Google and Facebook. Read more

    Trump-China Trade Tensions Hit Panama Canal Revenues

    Bloomberg: Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama Canal Authority CEO Jorge Luis Quijano. Read more

    Beijing to impose sanctions on US firms involved in US$2.2 billion Taiwan arms deal

    South China Morning Post: Beijing said on Friday it will issue sanctions against the US companies involved in the latest arms sale to Taiwan, as tensions between China and the United States continue to rise. Read more

    US tells Britain: Fall into line over China and Huawei, or no trade deal

    Telegraph: Donald Trump’s negotiators have signalled that the next prime minister’s hopes of a post-Brexit trade deal with the United States rest on his willingness to fall in line with tough American policies against the Chinese telecoms giant Huawei. Read more

    EU-Mercosur trade agreement: The Agreement in Principle and its texts

    EU: In view of the Commission’s transparency policy, the Commission is publishing the texts of the Trade Part of the Agreement following the agreement in principle announced on 28 June 2019. Read more

    Nigeria signs Africa free trade agreement: statement

    Reuters: Nigerian President Muhammadu Buhari has signed up to the $3 trillion Africa free trade agreement, a spokesman confirmed on Sunday. Read more

    African Leaders Launch First Continental Trade Agreement

    VoA: Leaders discussed “operational” parts of the agreement at a recent gathering of the African Union in Niger. The deal had been under discussion since 2002 and a general agreement to form the trade area was reached in March. Read more

    Canada posts rare trade surplus as exports to U.S. hit record high

    Financial Post: Canada’s trade balance unexpectedly swung into surplus for the first time in 10 months on a broad-based jump in exports, adding to evidence the economy has returned to a more solid footing. Read more

    Germany Sees 50% Chance for EU-U.S. Trade Deal, Possibly in 2019

    Bloomberg: German Economy Minister Peter Altmaier sees a 50% chance of the European Union striking a trade agreement on industrial goods with the U.S., possibly this year. Read more

    A Deeper Look at Vietnam’s Trade Deal With Europe

    The Diplomat: The EU’s drive to become the defender of multilateralism promises further opportunities for Southeast Asia. Read more

    What is GATT 24: What is the WTO clause at the centre of Andrew Neil’s grilling of Boris Johnson

    Independent: Boris Johnson was taken to task by the BBC’s Andrew Neil over his knowledge of GA​TT 24 – the clause in WTO rules he believes could allow the UK to continue to trade freely with the EU in a no deal scenario. Read more

    Australia steps up sugar trade fight with India, moves WTO

    Hindu Business Line: Australia has intensified its sugar related dispute with India by formally asking World Trade Organisation (WTO) to set up a panel to probe if the world’s second-largest sugar producer was breaching its obligations, a media report said Friday. Read more

    Japan denies imposing South Korean trade embargo at WTO

    Reuters: Japan denied imposing a trade embargo on South Korea on Tuesday, after a complicated diplomatic dispute that could disrupt global supplies of chips and smartphones erupted over forced labor in World War Two and banned trade with North Korea. Read more

    Global trade: Making a start for WTO reforms

    Financial Express: Members desirous of preventing disruption of the appellate process in WTO disputes would enter into a plurilateral accord providing for appeal arbitration. Read more

    Boris Johnson’s Brexit plan for businesses dismissed by head of WTO

    Independent: The head of the World Trade Organisation has blown a hole in Boris Johnson’s Brexit plans as Conservative members vote on whether he should become party leader and prime minister. Read more

    Brazil escalates WTO dispute over India sugar subsidies that distort global sugar markets

    Business Today: The Brazilian government said on Thursday it had asked the World Trade Organization to establish a panel aimed at resolving its dispute over Indian sugar subsidies, according to a joint statement by the foreign and agriculture ministries. Read more

    India involved in 14 disputes at WTO currently, says Piyush Goyal

    Business Standard: At present, India is involved in 14 WTO disputes, all of which are being handled by domestic law firms. Read more

    USTR Announces Fiscal Year 2020 WTO Tariff-Rate Quota Allocations for Raw Cane Sugar, Refined and Specialty Sugar and Sugar-Containing Products

    USTR: The Office of the U.S. Trade Representative today announced the country-specific and first-come, first-served in-quota allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar, refined and specialty sugar and sugar-containing products for Fiscal Year (FY) 2020 (October 1, 2019 through September 30, 2020). Read more

    USTR Announces Initiation of Section 301 Investigation into France’s Digital Services Tax

    USTR: On July 10, 2019, the United States Trade Representative (USTR) initiated an investigation under Section 301 of the Trade Act of 1974 of the Digital Services Tax (DST) of the Government of France. Read more

    WTO NEWS

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    The Caribbean Trade & Development Digest is a weekly trade news digest produced and published by the Caribbean Trade Law & Development Blog. Liked this issue? To read past issues, please visit here. To receive these mailings directly to your inbox, please subscribe to our Blog below: