Petty rivalries blamed for endless regional trade disputes Kampala, Uganda | RONALD MUSOKE | East African Community economies might be growing at an unprecedented rate but experts say emerging nationalism and protectionism policies could hurt integration in the long run. Uganda, Kenya and Tanzania are currently locked in several trade disputes …
Read More »Key points of the US-China trade deal
Buenos Aires, Argentina | AFP | US President Donald Trump and his Chinese counterpart Xi Jinping on Saturday struck a deal at working dinner on the sidelines of the G20 summit to effectively stall their trade war. Trump hailed what he described as “an amazing and productive meeting with unlimited possibilities” …
Read More »Trump sets up stormy G20 with Putin snub
Buenos Aires, Argentina | AFP | US President Donald Trump headed to Argentina Thursday for a fractious weekend of G20 summitry, cancelling planned talks with the Russian leader and boasting that his trade war with China was paying off. Rumblings of resistance to Trump’s assault on the international order were …
Read More »Protectionism ‘doomed to failure’: China’s Xi
Port Moresby, Papua New Guinea | AFP | Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take centre stage. “Attempts to erect barriers and cut close economic ties work against the …
Read More »APEC summit host urges respect for trade rules
Port Moresby, Papua New Guinea | AFP | The leader of Papua New Guinea, host of this year’s APEC summit, Friday urged respect for international trade rules by “countries large and small” as spats between the US and China threatened to overshadow the gathering. As leaders from Asian Pacific nations …
Read More »COMMENT: Potential of EU-Africa trade
Research suggests for Africa to avoid losses, focus should be on strengthening AfCFTA and EPAs die COMMENT | CARLOS LOPES | China’s use of trade and investment links to expand its influence in Africa is fueling growing concern in some European capitals. But, instead of complaining about China’s activities, the European …
Read More »With US absent, world’s exporters turn attention to China
Shanghai, China | AFP | There is a notable no-show among the dozens of national pavilions at Shanghai’s massive import fair — the United States — a metaphor for isolationist Trump policies that attendees say are pushing them closer to China. The China International Import Expo opened Monday with thousands …
Read More »Alibaba’s Ma calls trade war ‘stupidest thing in the world’
Shanghai, China | AFP | Shanghai, China | AFP | The US-China trade war is the “stupidest thing in the world,” Alibaba e-commerce tycoon Jack Ma declared at an import fair that China opened Monday partly to counter foreign criticism of its trade policies. Ma, who recently took back an …
Read More »Japan’s Abe to make rare China visit as relations thaw
Beijing, China | AFP | Japan’s Shinzo Abe is due to arrive in China Thursday, the first visit to the Asian giant by a Japanese prime minister since relations between the two countries soured six years ago over a territorial row. Abe and Chinese president Xi Jinping are expected to …
Read More »China bemoans ‘confusing’ US signals but holds hope for a Trump-Xi meet
Washington, United States | AFP | US President Donald Trump and Chinese leader Xi Jinping will “probably” meet at a G20 summit next month, a US official said Sunday, as both sides seek answers for a badly strained relationship that a Chinese official called “very confusing.” “The presidents will probably meet …
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