China asks WTO to impose $2.4 billion in penalties against U.S.
“The request stems from a July WTO appellate decision in a case dating to before the Trump administration, and unrelated to the tariffs it has slapped on Chinese goods.”
Indonesia mulls plan to impose temporary duties on textile imports
“The Finance Ministry’s fiscal policy head, Suahasil Nazara, said the government had identified 121 products, including yarn and curtain fabric, that would be subject to the safeguard measure.”
[The Jakarta Post]
Trade costs of non-tariff measures in Asia-Pacific now more than double that of tariffs
“One reason for the rise of NTMs is their growing popularity as weapons of trade policy in regional and global trade tensions. This can include government procurement limitations, subsidies to export and import restrictions as well as import and export bans through unilateral or multilateral sanctions.”
China, Mauritius sign free trade agreement
“In the area of trade in goods, China and Mauritius will eventually achieve zero tariffs on 96.3 percent and 94.2 percent of product tariff items, respectively, involving 92.8 percent of import volume for both countries from each other. For the remaining tariff items of Mauritius, the tariffs will also be greatly cut, and the maximum tariffs for most of the involved products will not exceed 15 percent.”
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