Manufacturers of labor-intensive products like apparel have already been looking elsewhere in Asia as labor costs continue to rise in China. China has not substantially increased market access for foreign investors in many sectors, causing foreign investment to slow or flatline in recent years. With lingering doubts about the worsening investment climate in China, the trade war is hastening decision-making that had already been underway.
Champagne is the drink of choice to celebrate many of life’s milestones and one country in particular benefits the most from this tradition: France. The European Union wants to ensure through trade agreements that only sparkling wines produced in the Champagne region of France can be labeled by law as Champagne.
Few Americans associate cheddar cheese with its ancestral home: Cheddar, in Somerset County, Britain. The name Cheddar, originally designating a unique geographic location, evolved into a generic description as the cheese was produced all over the world. And therein lies the heart of a modern trade dispute over “geographical indications,” or GIs for short.
The outcome of the UK’s exit from the European Union (EU) single market and customs union has broad implications for the UK economy and its terms of trade with the rest of the world. “Brexit Day” on March 29 next year is drawing near. Here’s a timeline of key events and milestones between 2015 and 2018 and what we should be on the lookout for in the first quarter of 2019.
Chinese investments in the United States plunged while U.S. investments in China flatlined. See what’s driving these trends on the US-China FDI Project website.
When the General Agreement on Tariffs and Trade (GATT) was first agreed by 23 original contracting parties in 1947, there were no guarantees that the rules would endure. Today, WTO membership stands at 164 countries — representing collectively, more than 98 percent of global trade. But for an institution to endure, it must remain relevant.
What’s important about these summits is not the prepared statements delivered at the main table, but the frank discussions and informal meetings that take place in the corridors and meeting rooms around the main conference.