U.S. “friend-shoring” framework isn’t shifting trade away from China
“International Monetary Fund research on US trade, which has exhibited a similar decline in import dependence on China, has found that the industries in countries that are gaining US market share at China’s apparent expense are all closely tied to China for their supplies.”
[The Maritime Executive]
U.S., Asian nations not ready to finalize economic accord at APEC
“The new initiative has run into some of the same problems and opposition as that earlier effort, known as the TPP.”
[Bloomberg]
African, Caribbean nations mull joint free trade zone
“Permanent Secretary of Guyana’s Foreign Ministry Elizabeth Harper, who read the group’s resolution, highlighted an ardent call to global bodies like the African Union, CARICOM, and the Organisation of Eastern Caribbean States to fortify African-Caribbean political relationships to propel economic alliances, bilateral trade, and the pivotal concept of establishing an African Caribbean free trade zone.”
[The Nation]
Korea, Georgia launch negotiations for economic partnership
“An EPA is meant to establish a mutually beneficial trade network with partner nations beyond a simple market opening, though it covers a smaller scope of areas compared with a traditional free trade agreement.”
[Korea Times]
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