Growth in the world economy slipped from an estimated 2.4%, at a seasonally adjusted quarterly rate, in the first quarter to an anemic 0.1% in the second quarter. Since then, according to the World Bank, multiple indicators of economic activity have deteriorated along with tightening global financial conditions
The Agreement between Mexico, the United States and Canada (USMCA) establishes a Free Trade Commission, composed of ministerial-level government representatives from the United States, Canada and Mexico («the parties»). The first meeting of the Free Trade Commission under the USMCA took place on May 17-18, 2021. Following the
Mary Ng, Canada‘s Minister of International Trade, Export Promotion, Small Business and Economic Development, and Raquel Buenrostro, Mexico‘s Secretary of Economy, spoke Friday about the energy dispute between the two countries. Mary Ng and Raquel Buenrostro spoke virtually, while the consultation process that could activate a dispute settlement
What is the role of regional trade agreements? The Food and Agriculture Organization of the United Nations (FAO) provides the following answer. In recent decades, most countries have entered into trade agreements both within the multilateral framework of the WTO and at the regional level. In parallel with
The WTO published an analysis of the Free Trade Agreement between the UK and South Korea, two economies with high integration to global value chains. Over the 2018-2021 period, UK imports from South Korea were less diversified than its global imports, with vehicles and machines accounting for almost
The World Trade Organization (WTO) published a balance sheet on trade between South Korea and Central American countries. The analysis shows the trends in merchandise trade between the Parties and with the world between 2011 and 2020. Thus, during that period, South Korea’s overall world trade balance recorded