Yellen sees Vietnam as key partner in friendshoring supply chains
“Yellen's visit is part of a push by the United States to upgrade its formal ties with Vietnam as it works to reduce dependence on Chinese supply chains by expanding manufacturing at home and boosting trade with trusted partners. But its efforts have met some resistance in Hanoi, over what experts see as concerns that China could view the move as hostile.”
[Reuters]
How to increase benefits from the generalized system of trade preferences
“The report calls on GSP-providing economies to increase and fine-tune product coverage. Such adjustments can support export diversification in developing countries, by expanding the scope of GSP-eligible products to ones that are processed and have higher added value. It also calls for increasing preference margins to facilitate GSP utilization, citing that among the GSP-LDC schemes of Canada, the EU and the US, the average utilization rate ranged from about 30% for the lowest preferential rates to around 65% for the highest ones. Additionally, relaxing and simplifying the rules of origin will make GSP schemes more user friendly.”
[UNCTAD]
Japan adds advanced semiconductor equipment to export control list
“Industry experts predict that this decision will impede China’s access to high-tech chipmaking tools, with potential repercussions from Beijing.”
[Display Daily]
Vietnam signs free trade agreement with Israel
“The agreement will ultimately remove duties on at least 86% of Vietnamese products and 93% of Israeli products.”
[VN Express]
Copyright © 2025 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.