Katherine Tai would be proposed by incoming president Joe Biden to be the head of the United States Trade Representation (USTR), replacing Robert Lighthizer, who currently holds that position. The United States Congress has legislative and oversight powers over trade matters; works with the executive branch, which negotiates
The USTR requested consultations with the Canadian government to avoid or initiate a dispute resolution panel under the USMCA. The United States Trade Representative, Robert E. Lighthizer, announced Wednesday that the United States is exercising its rights under the Agreement between Mexico, the United States and Canada (USMCA)
Indonesia operates 11 regional free trade agreements (RTAs), reported the World Trade Organization (WTO). Indonesia has pursued a policy of increasing regional and international integration through economic-trade cooperation initiatives. Parallel to ASEAN commitments, this country maintains bilateral regional trade agreements with Pakistan (IP-PTA) and Japan (IJEPA). The more
In the third quarter of 2020, the economy best connected to the global liner maritime transport network, as measured by LSCI, was China. Singapore, the Republic of Korea, Malaysia and the United States of America followed in this UNCTAD ranking. Subregional leaders included: the United Kingdom, the Netherlands,
Intra-trade is trade between economies belonging to the same group. According to UNCTAD, extra trade is the trade of economies in the same group with all economies outside the group. It represents the difference between the total trade and the internal trade of a group. In theory, economy
Trade between the United States and China was the largest in the world in 2019 in bilateral terms, said the United Nations Conference on Trade and Development (UNCTAD). The largest bilateral flows of merchandise trade in the world occur between the two countries, and between their respective neighboring