EU moves to diversify imports of critical raw materials
Plans include strengthening engagement with reliable partners, expanding a network of free trade agreements and sustainable investment facilitation agreements, and pushing harder on enforcement to combat unfair trade practices.
[European Commission]
Tokyo lifts curbs on exports to Korea; Seoul withdraws WTO complaint
“Both countries also plan to continue talks to reinstate each other to their ‘whitelist’ of trusted trading partners.”
[Asia News Network]
Lao garment association lobbies for tax breaks on imported raw materials
“The industry in recent years has been affected by labor shortages, with many workers traveling abroad for greener pastures. Additionally, rampant inflation due to a maelstrom of causes, from the devaluation of the kip to higher oil prices due to Russia’s war in Ukraine, has meant higher raw materials costs.”
[Radio Free Asia]
Los Angeles, Long Beach imports still sinking
“Seroka attributed the ‘stark decrease’ in LA’s February numbers to a mix of factors: a drop in demand that is a ‘global phenomenon;’ inventory levels in the U.S. that are still too high; a Lunar New Year holiday ‘that packed a harder punch than usual with factories closed longer and weaker orders overall;’ and last but not least, the ‘ongoing longshore labor negotiations.’”
[FreightWaves]
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