Above Photo: (Polisario Front / Twitter). Spain, a former colonial power, decided to recognize to support Morocco’s position on Western Sahara earlier this year going against its long-held stance of backing a UN-led referendum to decide the status of the territory. Algeria announced suspension of its two decade-old-treaty of friendship with Spain on Wednesday, June 8. It also announced the suspension of all imports from the European country over its decision to support Morocco’s occupation of Western Sahara. The Algerian President’s office said in a statement on Wednesday that it is suspending the long-term treaty with Spain, called the “treaty of […]
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https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009231080551668-trump-us-imposes-more-sanctions-on-imports-of-cuban-alcohol-tobacco/ The trade restrictions against Cuba have been prolonged for another year “in the national interest of the United States”, according to a US presidential determination issued by the White House on 10 September. US President Donald Trump has announced new sanctions on Cuba. “Today, as part of our continuing fight against communist oppression, I am announcing that the Treasury Department will prohibit US travellers from staying at properties owned by the Cuban government. We’re also further restricting the importation of alcohol and Cuban tobacco”, Trump said in a statement. The statement comes after US […]
New Delhi has started an investigation to determine if the imports of certain flat rolled aluminum products from China were undercutting domestic prices from fiscal year 2017 to December 2019. The decision is based on a complaint by India’s aluminum and copper manufacturing company Hindalco Industries which alleges damage to the domestic industry due to the dumped goods. “The applicant has also claimed that imports are causing threat of material injury, considering significant increase in imports as compared to base year, significant surplus capacities in subject country, high export orientation of producers in subject country, and ability to scale up production […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202007101079852488-us-to-impose-25-additional-tariffs-on-french-imports-as-response-to-digital-tax/ France’s tax has been a source of tensions between Paris and Washington, as the latter believes the tax unfairly targets US companies. The United States will impose additional 25 percent tariffs on imports from France, estimated at $1.3 billion, as a response to the French digital tax. It will also suspend implementation for up to 180 days. MORE DETAILS TO FOLLOW Source link
Customs officials at major Indian ports are holding back imports coming from China, which include US goods manufactured in China by companies like Apple, Dell, Cisco, and Ford Motor Company. According to Reuters, a lobby group representing US firms, known as the US-India Strategic Partnership Forum, has addressed the curbing of imports in a letter to India’s commerce ministry. “Authorities have abruptly halted the clearance of industry consignments coming in from China (and perhaps other destinations) at most major ports and airports,” the group said. Also on rt.com India to impose stricter rules & tariffs on Chinese imports amid border row […]
The Bureau of Indian Standards is to impose tougher norms on at least 370 Chinese products, to ensure items that can be locally produced aren’t imported, sources told the Economic Times. The products will reportedly include chemicals and pharmaceuticals, rubber and metal items, heavy and industrial machinery, paper, steel, glass, fertilizer, furniture, electronics, and plastic toys. Local sources said discussions are also ongoing to raise import duty on furniture, as well as auto components and air-conditioner compressors. The proposal is being evaluated by India’s Finance Ministry as part of the government’s push for more local manufacturing. Also on rt.com Singapore squeezes […]
After showing the first signs of growth in April, Chinese exports fell again last month to $206.8 billion, contracting more than three percent compared with the same period a year earlier. The export data released by China’s customs agency on Sunday was still far better than economists expected, as a Reuters poll of analysts had forecast a seven percent plunge, with those surveyed by Bloomberg predicting a slightly smaller contraction. However, May’s year-on-year fall of 3.3 percent is still a steep decline from the surprise increase posted a month earlier, when exports rose 3.5 percent. Also on rt.com China vows to […]
In late May China’s government announced it would not be setting an annual growth target for the first time since 2002, highlighting the uncertain outlook for the economy amid the fallout from the COVID-19 pandemic. Amid the continuing devastating effects of the COVID-19 lockdowns stalling global economy growth, exports of the world’s second-biggest economy, China, sharply contracted in May, reported Reuters. The Overseas shipments for the month dropped 3.3 percent from a year earlier, after a 3.5 percent gain in April, according to customs data on Sunday. An earlier Reuters poll had forecast a 7 percent drop. Exports posted better gains […]
Viral 02:07 GMT 05.06.2020Get short URL The ‘dual tariff’ regime will allow different levels of duty on imported foods and meats, depending on whether they meet current UK standards. Opening up the UK to the lightly-regulated US agriculture market has been a contentious issue in US-UK trade talks. The UK government is set to open British markets to allow imports of US chlorine-dipped chicken, as part of London’s planned trade deal with US President Donald Trump, according to the Financial Times. Downing Street has said that UK PM Boris Johnson is considering allowing the importation of US farm products that are […]
World 06:47 GMT 14.05.2020Get short URL Last week, London and Washington launched formal talks on a free trade deal in the wake of the UK’s departure from the European Union. There are many things at stake in this process, which promises to be a “hard bargain”, including criticisms over American food and environmental standards that Britain may now be forced to accept. The UK’s Department for International Trade is planning to cut tariffs on US farming imports in a “big concession package” to Washington which is purported to advance trade negotiations, the Financial Times reported, citing government officials familiar with the […]
A new list of US products to be exempt from trade tariffs has been announced by China’s finance ministry on Tuesday. It said the new waivers will take effect on May 19 and expire on May 18, 2021. The exemptions cover 79 products in total, including rare earth mineral ores, aircraft radar equipment, semiconductor parts, medical disinfectants, and a range of precious metals, chemical and petrochemical products. Importers in China will have to apply to the General Administration of Customs within six months of the announcement to be considered for waivers, which are effective from May 19. The first batch of […]
China says that its exports rebounded last month, beating most expectations of a sharp decline. However, the drop in the country’s imports accelerated as the coronavirus continues to crush demand. Data released by the General Administration of Customs shows that April’s exports surpassed $200 billion. This is a 3.5 percent rise from the previous year. Last month’s results reversed the 6.6 percent fall in March, as well as the collapse recorded at the beginning of the year. China’s exports are also much better than some economists polled by various media predicted, with the expected decline varying between 10 and nearly 19 percent. Read […]