U.S. wants World Trade Organization dispute system fixed by 2024
“The U.S.-led consultations with more than 70 countries over the past year have involved 12 reform themes expected to result in concrete proposals, Pagan said. She declined to give details but suggested they would include alternatives to formal disputes such as mediation.”
[Reuters]
Biden wins deal with Netherlands, Japan on China chip export limit
“The Netherlands will prevent ASML from selling to China at least some immersion lithography machines, the most advanced kind of gear in the company’s deep ultraviolet lithography line. The equipment is crucial to making cutting-edge chips. Japan will set similar limits on Nikon.”
[Bloomberg]
Companies rush to trace sprawling supply chains as sustainability rules loom
“A host of supply-chain regulations went into effect in recent years and more are on the way, exposing companies to potential penalties and public criticism if found to be negligent, lawyers said. The rules come as businesses, especially small and midsize companies, have a limited view of their supply chains and are struggling to broaden their oversight, sustainability analysts say.”
[The Wall Street Journal]
U.S. pushes Vietnam on union rights, Xinjiang forced labor
“The U.S. also is stepping up warnings over the use of forced labor, especially for garment and solar panel manufacturing, in Xinjiang, China, a country that provides key materials for much of Vietnam's supply chain.”
[Nikkei Asia]
Maersk, MSC to end 2M shipping alliance
“The world’s two largest ocean shipping lines will part ways after 10 years operating in concert, paving the way for future changes to vessel-sharing agreements — a critical tool in carriers’ playbooks for managing capacity.”
[Supply Chain Dive]
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