TRADE AGREEMENT

Tai Says USTR Has Not Yet Commenced Mainland China Tariff Review

04 May 2021

U.S. Trade Representative Katherine Tai said on 28 April that USTR has yet to begin an agency-level review of U.S. trade policy toward mainland China. The news further dampens hopes that the Biden administration will act anytime soon to modify or remove tariffs on hundreds of billions of dollars’ worth of goods imported from the mainland. More

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European Parliament Votes Overwhelmingly to Ratify EU-UK Trade and Cooperation Agreement

29 April 2021

Hong Kong traders will be pleased to know that on 27 April 2021, the European Parliament voted to ratify the post-Brexit EU-UK trade deal - a key move to ensure that tariff- and quota-free trade continues. More

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MOROCCO: Casablanca, Hong Kong Finance Bodies Sign Trade Agreement

25 March 2021

The finance industry bodies of Casablanca and Hong Kong have signed an agreement that seeks to boost economic cooperation and bilateral trade between the two cities. More

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U.S. Trade Agenda Takes Aim at Mainland China

08 March 2021

The first trade policy agenda released by the Biden administration includes a continued emphasis on combating unfair mainland Chinese trade practices and enforcing existing trade agreements. However, it also incorporates a stronger focus on labour and environmental issues and envisions closer partnerships with allies. More

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USTR Nominee Expresses Views on Mainland China at Senate Confirmation Hearing

05 March 2021

The Senate Finance Committee on 3 March unanimously approved the nomination of Katherine Tai to serve as U.S. trade representative in the Biden administration. Her nomination will now be considered by the full Senate, which is expected to approve it. Among other things, Ms. Tai believes the Section 301 tariffs are a very important tool in the U.S. trade remedies arsenal but seemingly favours a revamped product exclusion process. More

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INDIA: Trade Deal with Mauritius Officially Approved

23 February 2021

The signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius has now been approved, making this the first trade agreement the country has signed with an African nation. More

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For EU Exports to the UK, Transitory Period Installed Regarding the Supplier’s Declarations

19 January 2021

Commission Regulation (EU) 2020/2254 has been published in the EU Official Journal, allowing EU exporters to the UK to make out statements on origin on the basis of a supplier’s declarations to be provided by the supplier at a subsequent date. More

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Landmark Post-Brexit Trade and Cooperation Agreement Reached

29 December 2020

On 24 December 2020, the European Commission and the UK reached an Agreement in principle, on the terms of their future cooperation. The deal has been agreed just in time, as the transition period – which has allowed the UK and the EU to function as before, on the basis of a single market – will end on 31 December 2020, ending free movement. More

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EU and Mainland China Make Significant Progress with Investment Agreement Negotiations

23 December 2020

It was reported on 18 December 2020 that the EU and mainland China are close to reaching a deal on a much-negotiated investment agreement which both trading blocs are keen to bring about. A high-ranking European Commission official has reportedly informed EU Member States that as much as 95% of the deal has now been agreed, and that talks are now at a final stage. More

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ASEAN: World’s Largest Trade Deal Signed Into Effect

19 November 2020

Leaders of 15 Asia-Pacific nations signed the Regional Comprehensive Economic Partnership (RCEP) trade deal on 15 November. The wide-ranging treaty establishes a trade area that extends across a third of the world’s population and economic output. More

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