The WTO Dispute Settlement Body agreed at its 21 November meeting to establish a panel to examine allegations by seven economies – mainland China, the EU, Canada, Mexico, Norway, Turkey and Russia – that the Section 232 tariffs the United States imposed earlier this year on imported steel and aluminium contravene U.S. multi-lateral obligations. More
This year's Taste of Moscow event saw the chill of Western trade embargoes briefly lift as globally sourced gourmet delights and local restaurateurs jostled for the attention of munch-minded Muscovites in a four-day culinary cavalcade. More
President Trump issued an executive order on 20 September authorising the implementation of certain additional sanctions against Russia. This action includes the imposition of sanctions against a mainland Chinese entity that has been met with outrage in Beijing. More
Russia is Hong Kong’s largest trade partner in Central and Eastern Europe. To stimulate investment with an aim to diversify its economy, the Russian government is providing a wide array of incentives for investors developing new products, technology in the energy efficiency, nuclear engineering, space technology, medicine and IT industries. However in practice, the Russian government imposes some restrictions on trade flows and limits on foreign direct investment in certain sectors. More
Poland has reached high-income status over a relatively short period of time and this has translated into remarkable progress in poverty reduction and shared prosperity. Few middle-income countries have experienced such consistent broad-based growth, both fast and stable (on average 3.6% over the past decade). This transition benefited from increases in productivity, strengthened institutions, human capital investments, and sound macroeconomic management. More
Following a strong 2017, Czech real GDP growth will remain on a healthy trajectory, but decelerate over the next two years as the labour market nears full employment and external demand weakens. In the long-term, though the Czech Republic has a broad-based economy underpinned by strong manufacturing and steady domestic consumption, a key challenge will be to diversify away from manufacturing into a knowledge-based economy.
Since transitioning from a centrally planned to a market economy, Hungary has made significant economic progress. Investment and private consumption are now among the key drivers of growth supported by the recovery of credit to the private sector, while the brightening outlook in the global and European Union economies is lending strong support to Hungary's trade. Looking ahead, the increasingly tight labour market and subdued foreign direct investment inflows will weigh on output. More
Ozon.ru, Russia's largest and longest-established online retailer, is set to implement dramatic changes to its marketplace model, the facility that allows third-party businesses to access its nationwide sales and distribution platform. More