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In the News: Trade Preferences, UK Trade Pact, Aluminum Tariffs

Tuesday, February 12, 2019
Sandler, Travis & Rosenberg Trade Report

U.S. considers withdrawal of zero tariffs for India

“The trigger for the latest downturn in trade ties was India’s new rules on e-commerce that restrict the way Amazon.com Inc and Walmart-backed Flipkart do business in a rapidly growing online market set to touch $200 billion by 2027. That, coming on top of a drive to force global card payments companies such as Mastercard and Visa to move their data to India and the imposition of higher tariffs on electronic products and smartphones, left a broader trade package the two sides were working on through last year in tatters.”

[Reuters]

EU triggers procedure to temporarily suspend trade preferences for Cambodia

“The key issues that have led to the decision to launch the withdrawal process focus on the denial of political rights, restrictive actions towards civil society and trade unions, and Economic Land Concessions, particularly in the sugar sector.”

[European Commission]

UK approaches Gulf countries on post-Brexit trade pact

“The UK was ‘looking forward’ to a free-trade agreement with the Gulf Cooperation Council, Liam Fox, the UK state secretary for international trade, said during a visit to Dubai for the summit, according to state news agency WAM. The GCC comprises the UAE, Qatar, Saudi Arabia, Oman, Kuwait and Bahrain.”

[Reuters]

Indonesia plans safeguard tariffs on aluminum foil

“Indonesia told the WTO that the committee had recommended imposing the tariff because Chinese exports of aluminium foil had been diverted to Indonesia because of measures taken by Turkey, the European Union and India. China had also increased production of aluminium foil in the past three years, and its domestic market had not absorbed all the extra output.”

[Free Malaysia Today]

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