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.
The Ministry of Finance has decided to carry out pilot work in Beijing, Tianjin, Shanghai, Fujian, Guangdong Pilot Free Trade Zones and Hainan Free Trade Port to promote the resolution of the problem of abnormal low prices in government procurement. This notice shall come into force on February 1, 2025.
Class A shares of the Hainan Free Trade Zone plate bottomed out and rebounded, Hainan Coconut Island touched the daily limit, Haima Automobile, Hainan Huatie, Hainan Development, Hainan Haiyao rose.
Growth enterprises market index rose more than 1%, Shenzhen index rose nearly 1%, Hainan Free Trade Zone, humanoid robots, PEEK materials plate rose top.
European Central Bank President Christine Lagarde once again defended the benefits of free trade, saying whoever wins the US election should take care not to harm global trade. Asked at the Atlantic Council event on Wednesday about the prospect of a possible rise in tariffs, Lagarde said history shows the damage such measures can do. "Times of restrictions and barriers are not times of prosperity and great leadership around the world, so I think whoever ends up as president of this country shoul...
On October 18th, at the annual meeting of the 2024 Financial Street Forum, Zhu Hexin, director of the State Administration of Foreign Exchange, said that focusing on the effectiveness of foreign exchange policies and the practical feelings of the people, strengthen policy evaluation and market communication. Insist on whether it is in line with the national strategic positioning, whether it is in line with the local development reality, and whether it has achieved reform results that benefit ent...
On June 28, the Standing Committee of the National People's Congress decided to authorize the State Council to temporarily adjust the application of the relevant provisions of the Food Safety Law of the People's Republic of China in the Hainan Free Trade Port. In order to support Hainan's comprehensive deepening of reform and opening up and promote the implementation of the Hainan Free Trade Port policy, the 10th meeting of the Standing Committee of the 14th National People's Congress decided: A...
On June 13, under the joint witness of Premier Li Qiang of the State Council and Prime Minister Lacson of New Zealand, Minister of Commerce Wang Wentao and Minister of Trade of New Zealand McClay signed an exchange of letters to launch the negative list negotiations on the trade in services of the China-New Zealand Free Trade Agreement. New Zealand is the first developed country to conclude a bilateral free trade agreement with China. The China-New Zealand Free Trade Agreement is the first compr...