Brazil's President Jair Bolsonaro has decided to terminate both bilateral maritime transport agreements with Argentina and Uruguay, it was announced.
The Brazilian Confederation of Industry, CNI and the IndustriALL-Brasil (which represents industry unions) have officially requested that in the next Mercosur meeting, scheduled for early this month, Brazilian representatives withdraw the proposal for a reduction of block trade tariffs with other countries. However, both institutions also backed the current flexibilization of current trade talks with third countries, such as South Korea.
A report released Tuesday showed that Argentina's trade with neighbour Brazil has reached its highest level since 2018, exports reaching US $ 4.2 billion until May, 33% better than in the first five months of last year, but 6% lower than the same period of 2019.
The shipping company Maersk expects world trade to grow by 3% or more in 2021. The company sees global trade recovering, but there is still a lot of uncertainty about the size of the impact of Covid-19 on the world economy in 2021. So it is implementing a global strategy that positions it for growth in several countries, including Mercosur members.
About 3,500 U.S. companies, including Tesla Inc, Ford Motor Co, Target Corp, Walgreen Co, and Home Depot have sued the Trump administration in the last two weeks over the imposition of tariffs on more than US$300 billion in Chinese-made goods.
A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber Technologies Inc’s (UBER.N) rival unit.
United States President Donald Trump on Tuesday shut the door on Phase 2 trade negotiations with China, saying he does not want to talk to Beijing about trade because of the coronavirus pandemic.
European Ombudsman Emily O'Reilly has opened an inquiry into why the European Commission did not finalize an updated Sustainability Impact Assessment (SIA) before the conclusion of the Mercosur-EU trade agreement in June 2019.
A new trade deal between Turkey and Venezuela, officially titled “Trade Development Agreement,” will enter into force on August 21, the Turkish T24 news website said on Saturday.
The European Union’s most powerful member, Germany, takes over the bloc’s rotating presidency as of Wednesday amid a raft of challenges — from COVID-19 and the economic devastation it has wrought, to Brexit, trade with China and tensions with the United States.