WTO eyes larger deal on vaccine, medical goods
“The World Trade Organization (WTO) is looking to go beyond India and South Africa’s proposal on flexibility in patents for vaccines to discuss a possible larger deal on health that includes unhindered movement of vaccines across customs checkpoints and free shipment of medical goods and material across borders to combat Covid.”
[Times of India]
Biden exploring border adjustment tax on imports to fight climate change
“The idea has been gaining interest from world leaders as a way to shield domestic workers making energy-intensive goods while encouraging other countries to slash their emissions. The tax would discourage companies from shifting operations to nations with less-stringent rules.”
[Bloomberg]
Xinjiang exports to U.S. doubled in first quarter, even as cotton ban kicked in
“Cotton products are largely absent from the first quarter list of exports to the US, save for a few hundred thousand US dollars worth of garments. Exports were a mixture of chemical and industrial products and lacked any big-ticket items.”
[South China Morning Post]
Japan approves Asia trade deal
“The Regional Comprehensive Economic Partnership will create a free trade zone covering about 30 percent of the world’s gross domestic product, trade, and population. It will be Japan’s first trade deal involving both China and South Korea – its largest and third biggest trade partners.”
[The Jakarta Post]
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