US, China Tariffs Begin Taking Effect, WTO Members Begin China Trade Policy Review

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US, China Tariffs Begin Taking Effect, WTO Members Begin China Trade Policy Review

Volume

22,

Number

12 July 2018

Global Economy

US, China Tariffs Begin Taking Effect, WTO Members Begin China Trade Policy Review

12 July 2018

The first instalment of the US’ Section 301 tariffs on China took effect on Friday 6 July, targeting US$34 billion worth of Chinese products with an ad valorem tariff of 25 percent. The sectors affected by the tariffs include automobiles, aerospace, information and communications technology, and...

BRICS

BRICS Trade Ministers Look to Closer Economic Ties, Issue Support for Multilateralism

12 July 2018

Last week, delegates and trade ministers from BRICS economies met in Magaliesburg, South Africa to discuss ways to strengthen the multilateral trade system and foster closer economic cooperation between BRICS member countries on a range of policy areas, including e-commerce. The meeting comes as...

Brexit

Brexit Talks Get New UK Chief, Government to Propose Terms for Future EU Relationship

12 July 2018

The Brexit negotiations saw a series of landmark developments over the past week, with UK Prime Minister Theresa May’s cabinet endorsing a statement outlining the “UK vision” for the country’s future relationship with the European Union, ahead of another round of negotiations with EU officials next...

Digital Economy

EU Parliament Questions US Compliance with Data Privacy Shield, Calls for Suspension

12 July 2018

The European Parliament adopted a resolution last week to suspend the EU-US Privacy Shield agreement, saying the US’ compliance efforts to date “fail to provide enough data protection for EU citizens.” The non-binding document calls for putting the deal on ice unless the US shows that it has upheld...

Global Economy

China, Germany Pledge to Deepen Trade, Investment Ties

12 July 2018

German Chancellor Angela Merkel and Chinese Premier Li Keqiang pledged to deepen trade cooperation between them this week, including on supporting the multilateral order. They also endorsed nearly two dozen accords aimed at easing trade and investment between them. "On trade issues as in other...

Climate Change

Green Climate Fund Meeting Results Prompt Questions Over Climate Finance Challenges

12 July 2018

The Green Climate Fund (GCF) board concluded its meetings last week in Songdo, South Korea, without being able to reach decisions on Fund replenishment, approve new projects, or add new Accredited Entities through which projects are implemented, prompting questions on how to ensure climate finance...

Events

12 July 2018

Coming Soon 9-18 July, New York, US. HIGH-LEVEL POLITICAL FORUM ON SUSTAINABLE DEVELOPMENT 2018. The High-Level Political Forum (HLPF) continues this week, having started on 9 July. The forum is convened under the auspices of the UN Economic and Social Council (ECOSOC) and will include three days...

Resources

12 July 2018

THE WILLING WORLD: SHAPING AND SHARING A SUSTAINABLE GLOBAL PROSPERITY. Written by James Bacchus and published by the Cambridge University Press (June 2018). In this book, Bacchus, who served twice as Chairman of the Appellate Body of the WTO and is Senior Counsellor at the International Centre for...