Data revealed that the Eurozone’s unadjusted trade surplus jumped year on year in October as exports performed better than imports amid the economic slowdown caused by the COVID-19 pandemic. The European Union statistics office said the commodity trade surplus in 19 countries in the Eurozone amounted to 30.0 billion euros, …
Read More »UK’s Truss: Determined to Reach Trade Deal With Canada Before End-2020
British Trade Minister Truss said that the UK determined to reach a trade agreement with Canada before the end of the year. She said she hoped the UK would be able to move forward with the trade agreement with Canada and added, ” By no means are we entirely focused …
Read More »Trudeau Sees Trade Deal with UK by Yearend
The Prime Minister of Canada, Justin Trudeau, expects a trade agreement with the United Kingdom (UK) to be reached by the end of 2020, Reuters reported. “I think we’re ready to have it done before January 1. One of the challenges is bandwidth.” “The UK hasn’t had to negotiate trade …
Read More »EU Approves New Trade Deal with US
The European Union (EU) supported a small trade agreement with the United States that will see the removal of tariffs on American lobsters, as the US awaits a new administration, Reuters reported. The agreement, which was reached in August, will remove 8% to 12% tariffs on the imports of lobsters, …
Read More »Eurozone Trade Surplus Rises Year on Year in July
Data showed that the Eurozone’s unadjusted trade surplus jumped year on year in July, as imports fell further with exports amid an economic slowdown caused by the COVID-19 pandemic. The European Union statistics office Eurostat said that the trade surplus of the 19-country Eurozone countries with the rest of the …
Read More »UK minister: Next Round of UK-US Trade Talks to Begin on September 8
Britain will hold a new round of talks with the United States on a trade deal next week, Greg Hands, junior trade minister Greg Hands said on Thursday, adding that the government is in talks with the two major American parties ahead of the upcoming presidential elections. Britain gives priority …
Read More »Review of U.S. and China Trade Deal Postponed
The review of trade deal between the United States and China, which was scheduled to take place on Saturday, has been delayed, Reuters first reported. However, the new date for the review has not been announced yet. U.S. Trade Representative Robert Lighthizer recently expressed satisfaction regarding the trade agreement between …
Read More »Eurozone Trade surplus Rises, GDP And Employment Record a Historic Low
The eurozone’s trade surplus with the rest of the world jumped in June to 21.2 billion euros (about $ 25 billion) as the bloc’s decline in commodity imports outpaced the decline in exports amid a global downturn in trade due to the Covid-19 pandemic. The European statistics office Eurostat said …
Read More »U.S. Satisfied With Progress on Trade Deal with China
The Trump administration is satisfied with the progress made in applying the first phase of the trade deal between the United States and China, according to White House economic adviser Larry Kudlow. Kudlow, the Director of the National Economic Council, told Fox News on Thursday that the U.S. Trade Representative, …
Read More »China: Hopes Trade Deal Reached with US Can Still be implemented
China said on Thursday that it hope to implement the first stage of the trade agreement it reached with the United States and stressed its willingness to abide by the agreement despite the recent US sanctions on Chinese officials and companies. Chinese Foreign Ministry spokeswoman Hua Chunying told reporters at …
Read More »