Background

Yellen says supply chain shift may need protectionist-like steps

“The Treasury chief also said, ‘certainly we want to work with other countries -- with our allies and partners -- to address supply-chain resilience on a collective basis,’ in remarks aired Tuesday. ‘So, I don’t think this is just about the United States making everything at home, but in some cases that may be part of the answer.’”

[Bloomberg]

China shipping data loss could be a ‘breeding ground’ for fraud

“In late October, vessel tracking firms began registering a drop-off in data transmitted through receivers on the ground in China. The receivers relay information from vessels, such as their name, speed, weight and destination, through an automatic identification system (AIS). … Shipping sources speaking to Reuters last month laid blame on a new data privacy law in China, which came into force on November 1.”

[Global Trade Review]

Chile, Paraguay sign FTA

“This pact modernizes the regulatory framework and the existing bilateral relationship, which until now was governed by the ACE 35 Economic Complementation Agreement, signed by Chile and the Mercosur countries in the 1990s, with a particular focus on tariff liberalization.”

[Today.in.24]

Laos is first LDC to join agreement lowering tariffs on information technology goods

“Through its participation in the ITA and ITA expansion, Lao PDR will eliminate, as of 1 January 2022, duties on 358 out of 399 ITA-related products, providing immediate market access to foreign exporters of IT products. Furthermore, duties on 523 out of 571 products covered by the 2015 ITA expansion will be eliminated.”

[WTO]

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