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Top U.S. House trade lawmaker to focus on enforcing international pacts

“The top lawmaker on trade matters in the U.S. House of Representatives said on Tuesday that he will focus this year on enforcing U.S. trade agreements and working with the Biden administration to combat China's use of forced labor in its western Xinjiang region.”

[Reuters]

Strong EU trade enforcement rules enter into force

“The revised Regulation enables the EU to react even if the WTO has not delivered a final ruling because the other WTO member blocks the dispute procedure by appealing to the non-functioning Appellate Body and by not agreeing to an alternative arbitration under WTO Dispute Settlement Agreement.”

[European Commission]

Recovery in global trade to stall again in first quarter

“For the first quarter of 2021, UNCTAD projects a 1.5% fall in trade in goods versus the previous quarter, and a 7% drop in trade in services, although it said its forecasts were uncertain due to the pandemic and uncertainty about stimulus packages.”

[Reuters]

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