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In the News: WTO, Trade War, Phthalates, New FTA

Wednesday, December 19, 2018
Sandler, Travis & Rosenberg Trade Report

China, EU lambast United States for miring WTO in crisis

“Japan, Switzerland and Canada also criticised Washington, but U.S. trade ambassador Dennis Shea charged that China’s “unfair competitive practices” were harming foreign companies and workers in violation of WTO rules, and he vowed to lead reform efforts at the watchdog.”

[Reuters]

Chinese factories cut prices, workers, in trade war

“Some 86% of companies affected by U.S. tariffs reported a decline in orders, according to a survey of 200 chief financial officers in manufacturing firms with significant export business. While most have plans to diversify into less trade-heavy sectors, they don’t expect to fully offset weaker demand.”

[Bloomberg]

EU further limits consumers’ exposure to phthalates

“The European Commission has adopted a decision to restrict the use of four phthalates (DEHP, BBP, DBP and DIBP) in consumer products on the EU market. Substances including these four phthalates can be present in plasticized materials in a wide variety of everyday products, from cables to coated fabrics to sports equipment.”

[EU Reporter]

Indonesia, four European countries sign FTA

“In addition to market access, the agreement guarantees legal certainty, the protection of intellectual property and the dismantling of non-tariff barriers to trade.”

[Swissinfo]

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