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Trade News

Global arms trade highest since Cold War: study

Stockholm - Worldwide arms trade has risen to its highest level since the Cold War in the last five years, driven by a demand from the Middle East and Asia, a study said Monday.

Canada's Trudeau says world benefits from strong EU

Strasbourg - Canadian Prime Minister Justin Trudeau told European lawmakers Thursday that the world is better off when the EU is strong, as anti-Brussels sentiment soars following the Brexit vote and Donald Trump's victory.

Three questions with EU's trade commissioner

Strasbourg - EU Trade Commissioner Cecilia Malmstroem saw her flagship trade deal with Canada approved by MEPs on Wednesday but she has plenty more challenges ahead.

EU Parliament approves contested Canada trade deal

Strasbourg - The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism.

Trump says US 'will be tweaking' trade ties with Canada

Washington - US President Donald Trump on Monday called for "reciprocal" trade with Canada and to build bridges of commerce across the border, but nevertheless vowed to "tweak" the bilateral relationship.

Japan PM says wants to build 'relationship of trust' with Trump

Washington - Japan's Prime Minister Shinzo Abe said Friday he wants to build a "relationship of trust" with US President Donald Trump, and stressed the economic and trade ties between the country are a "win-win.

Top US diplomat meets counterparts from Mexico, Canada

Washington - Washington's new top diplomat, Secretary of State Rex Tillerson, met his Canadian and Mexican opposite numbers on Wednesday amid concerns over President Donald Trump's trade policy.

Argentina, Brazil urge South America to open to EU, Mexico

Bras - The presidents of Brazil and Argentina called Tuesday for more ambitious Latin American trade, saying regional ties should strengthen in response to uncertainty over relations with Washington.

Crop destroying armyworm marches across mainland Africa

Scientists are calling for urgent action to stop the fall armyworm, a crop-destroying pest that is spreading rapidly across mainland Africa, threatening food security and agricultural trade.

Mexico, Turkey speed up free trade negotiations

Mexico - Mexico and Turkey agreed on Friday to speed up negotiations for a free trade agreement in the wake of protectionist threats from US President Donald Trump.

US, Mexican chief diplomats to meet amid tensions

Mexico - Mexico's foreign minister and the new US secretary of state agreed Thursday to meet soon, the Mexican government said amid a diplomatic row between the neighboring nations.

US tweaks sanctions on Russia spy service FSB

Washington - The US Treasury tweaked its sweeping sanctions on Russia's FSB intelligence agency Thursday to make sure US traders in Russia can obtain FSB-required import permits for certain US technology goods.

NAFTA negotiation may start in May: Mexico

Mexico - Mexico's government expects negotiations to modify the North American Free Trade Agreement (NAFTA) with Canada and the United States, one of US President Donald Trump's key demands, to begin in May.

No UK-EU trade deal before mid-2020s: ex-ambassador

London - Britain's future trade arrangements with the EU will not be concluded until the early mid-2020s at best, its former ambassador to the bloc said Wednesday, warning of "feisty" negotiations ahead.

Mexico, EU speed up trade talks after Trump threats

Brussels - The EU and Mexico on Wednesday said they would accelerate free trade talks amid a wave of protectionist threats by US President Donald Trump.

S. Africa and EU spar over alleged chicken meat 'dumping'

Pretoria - South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade.

Trump economic advisor bashes Germany on currency: report

Washington - A top economic advisor to US President Donald Trump bashed Germany for exploiting an undervalued euro to take advantage of its trading partners, the Financial Times reported Tuesday.

Mexico's Slim: Trump is 'negotiator, not Terminator'

Mexico - Mexican billionaire Carlos Slim said his country was in a position of strength in negotiations with US President Donald Trump, joking that the fellow tycoon was a negotiator, "not Terminator.

Pro-Kiev activists block railway to Ukraine's rebel-held east

Donetsk - Pro-Kiev protesters on Friday blocked a railway line into Ukraine's rebel-held east to protest against trade with Russian-backed separatists, their spokesman told AFP.

Trump, Mexican leader speak to mend rift over wall

Mexico - Mexican President Enrique Pena Nieto and US President Donald Trump sought to tone down diplomatic tensions over the Republican's planned border wall, agreeing to seek a resolution to the thorny dispute.

By picking fight with Mexico, Trump angers key partner

Mexico - By picking a fight with Mexico, US President Donald Trump is antagonizing a strategic partner that could retaliate with a trade war and less cooperation on curbing illegal immigration, analysts say.

Trump far from first protectionist in the White House

Washington - A protectionist president for the land of the free market: Donald Trump's new direction for the US economy may seem incongruous but restraints on trade have a long history in the White House.

Brexit ruling points pro-EU Scotland towards independence

Edinburgh - The Supreme Court's Brexit ruling has hit pro-EU Scotland hard by denying it the legal right to have a say on leaving the bloc and pushing it further towards making a new bid for independence.

Mexico ready to quit NAFTA if US talks fail

Mexico - Mexico drew red lines on Tuesday ahead of negotiations with US President Donald Trump's administration, warning it could quit the talks and a major trade pact if the discussions hit a wall.

White House warns China on trade, South China Sea

Washington - The White House warned China it will "defend" US and international "interests" in the South China Sea and that trade must be a "two-way street.

Mexico seeks US dialogue, trade alternatives

Mexico - Mexico on Monday vowed "no confrontation and no submission" in renegotiating relations with the United States under its President Donald Trump but admitted it planned to seek alternative trade partners.

The business world falls under Trump's thumb

Washington - With his carrot-and-stick manhandling of the US business community, President-elect Donald Trump has major companies falling over themselves to offer goodwill gestures and promises to create US jobs.

British FM warns over Brexit 'punishment beatings'

New Delhi - Britain's foreign minister warned Wednesday against World War II-style "punishment beatings" after France indicated it would not accept improved conditions for the UK outside the single market.

Moldova president hopes to cancel EU association agreement

Moscow - Moldova's president said Tuesday he hoped the ex-Soviet nation's association agreement with the European Union would be cancelled if his party obtains a parliamentary majority, paving the way for an alliance with Moscow.

Robot arms replace factory hands

Paris - Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren't saying much by way of celebration -- industrial robots don't tend to speak.
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Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against...
Detroit Pistons power forward Greg Monroe (10) drives to the basket during the third quarter against the New Orleans Pelicans at The Palace of Auburn Hills. New Orleans won 103-101. Jan. 24, 2014
With permission by Reuters / Tim Fuller-USA Today
Trade routes between Asia and Alaska
Trade routes between Asia and Alaska
Mail Online
Cape Espenberg
Cape Espenberg
Google maps
The Silk Road extending from southern Europe through Egypt  Somalia  the Arabian Peninsula  Iran  Ce...
The Silk Road extending from southern Europe through Egypt, Somalia, the Arabian Peninsula, Iran, Central Asia, Pakistan, India, Java-Indonesia, and Vietnam til it reaches China. Land routes are red, water routes are blue. The Black Death originated in China and spread by way of the Silk Road. It reduced the world's population from an estimated 450 million to between 350 and 375 million in 1400.
Wikimedia Commons
Demetrios Marantis  US Deputy Trade Representative  speaks at the US-Africa Trade Press Conference h...
Demetrios Marantis, US Deputy Trade Representative, speaks at the US-Africa Trade Press Conference held at the World Economic Forum on Africa 2009 in Cape Town, South Africa
World Economic Forum
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
Some of the hundreds of Malagasy tortises sezied in Malaysia in July 2010.
TRAFFIC
A man hawks coffee beans on a wooden bike in a stadium in Kampala  Uganda on September 20  2010.
A man hawks coffee beans on a wooden bike in a stadium in Kampala, Uganda on September 20, 2010.
Sino Persian trade relations
Sino Persian trade relations
President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at t...
President Barack Obama talks with Chinese President Hu Jintao following their bilateral meeting at the G20 Summit in Toronto, Canada
White House Photo by Pete Souza
The new free trade area in Africa will create a market with a population of 625 mn and gross domesti...
The new free trade area in Africa will create a market with a population of 625 mn and gross domestic product of more than $1 tn
Roberto Schmidt, AFP

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