CBAM successfully entered into force Jan. 1
“This seamless interconnection ensured real-time data exchange, efficient validation of declarants, and uninterrupted import procedures at EU external borders.”
[European Commission]
Taiwan says general consensus reached with U.S. on trade deal
“‘The goal of the US-Taiwan tariff negotiations has always been to seek reciprocal tariff reductions without stacking tariffs, and to obtain preferential treatment under Section 232 for semiconductors, semiconductor derivatives, and other items,; the Office of Trade Negotiations said in a statement, adding there was a ‘general consensus’ on these issues.”
[The Star]
EU votes in favor of creating world’s largest free-trade area with Mercosur
“European Commission President Ursula von der Leyen is expected to travel to Asunción on Monday to sign the treaty. Paraguay currently holds the pro tempore presidency of the South American bloc. However, the trade accord will then have to be ratified by all the national parliaments of EU and Mercosur members to enter into force in each country.”
[The Buenos Aires Herald]
Zelenskyy, Trump to discuss free trade agreement
“‘The deal would include zero tariffs on trade with the US and apply to some industrialized parts of Ukraine, giving the country ’very serious cards’ compared with neighboring states and potentially luring investment and businesses,’ Zelenskyy said in a phone interview with Bloomberg.”
[Interfax]
Philippines, UAE ink first free trade deal
“Philippine export products that are expected to benefit from this new deal include bananas, pineapples, canned tuna, electronics, machinery, and other high-demand products, while IT-BPM, tourism, healthcare, education, construction, and professional services sectors are also set to get a boost from the agreement, the Palace said.”
[ABS-CBN]
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