Future of Mercosur trade alliance looks doubtful
“The bloc has put up more barriers than it has broken down. The group's common external tariff is riddled with exceptions. Outside South America, the bloc has struck just two free trade deals, with Egypt and Israel.”
[Associated Press]
Monitoring shows members acting to facilitate trade despite protectionist pressures
“At the same time, a series of import-restricting measures announced too recently to be captured in the update looks set to affect a significant amount of world trade.”
[WTO]
Global trade resumes growth in first quarter of 2024
“The growth was primarily driven by increased exports from China (9%), India (7%) and the US (3%). Conversely, Europe’s exports showed no growth and Africa’s decreased by 5%.”
[UN Trade and Development]
EU imposes provisional CV duties on battery electric vehicles from China
“These provisional duties will apply as of 5 July 2024, for a maximum duration of four months. Within that timeframe, a final decision must be taken on definitive duties, through a vote by EU Member States. When adopted, this decision would make the duties definitive for a period of five years.”
[European Commission]
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