ISDS Case Map
China
China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce.
Later this week negotiations for a comprehensive agreement on investment between the EU and mainland China will be held in Brussels.
The clash between the US and China is arrestingly sharp and deep not only because the stakes are so high and the parties so profoundly different but also because it has been brewing over several decades of increasingly intimate and complex interaction.
As participating countries are expected to sign the RCEP this year, China’s textile industry must accelerate the adjustment of products, capacity and trade structure to better integrate regional development in the next stage.
China highlighted a pledge to fully open up its oil and gas exploration sector. Financial services deals long in the works may be tied to deal.
Protectionism and import substitutions are not the best ways to ensure the prosperity of all, especially the poorest of the poor, but keeping the economy open to the world is, senior Singaporean minister Tharman Shanmugaratnam has said.
Norway aims to reach a free-trade agreement with China by the end of 2020, more than a decade after initial negotiations began, the Norwegian industry minister said.
The Phase 1 deal reached last month is expected to cut tariffs and boost Chinese purchases of US goods but Chinese officials have yet to publicly commit to key points.
China will not raise its quotas for the import of grains, according to vice agriculture and rural affairs minister Han Jun, raising the prospect of a stand-off with the US.
The China Pakistan Free Trade Agreement (CPFTA-II) has immediately abolished tariffs for Pakistan on 313 products, while a total of 75% of the tariff lines will be liberalised over the next decade.
