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Tag Archives Trade

General, Markets, Reuters

Nigeria’s Okonjo-Iweala makes history as new head of WTO

Geneva-based body leaderless for six months; Trump paralyzed some of WTO's functions

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Geneva/Washington | Reuters — Three months after the Trump administration rejected her, former Nigerian finance minister Ngozi Okonjo-Iweala received unanimous backing on Monday to become the first woman and first African director-general of the World Trade Organization. A self-declared “doer” with a track record of taking on seemingly intractable problems, Okonjo-Iweala will have her work […] Read more
General, Markets, Reuters

U.S. border restrictions to last a long time yet, Trudeau says

COVID would need to be 'significantly more under control'

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Ottawa | Reuters — Canada will not agree to lifting a ban on non-essential travel with the United States until the coronavirus outbreak is significantly under control around the world, Prime Minister Justin Trudeau said on Tuesday. Trudeau’s comments were a clear indication that the border restrictions will last well into 2021. The two neighbours […] Read more
General, Markets

Canada to keep U.S. border curbs until pandemic much less serious

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Ottawa | Reuters — Canada will maintain restrictions on non-essential travel with the United States until the coronavirus outbreak in both nations is much less serious, a senior government official said on Friday. The comments by federal Public Safety Minister Bill Blair suggest that the ban on non-essential travel could stay for months to come, […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans climb as China trade talks progress

July wheat down over four per cent on week

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Chicago | Reuters — Chicago soybean futures gained on Friday as U.S. trade talks with China continued, invigorating hopes the top soybean importer would reach earlier export estimates. Wheat fell as the U.S. winter wheat harvest progressed, while corn inched higher on technical positioning. The most active soybean futures on the Chicago Board of Trade […] Read more
General, Markets, Reuters

U.K. aims to join Trans-Pacific Partnership

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London | Reuters –– The United Kingdom announced on Wednesday it would pursue accession to a revamped version of the Trans-Pacific Partnership. “Today we’re announcing our intent to pursue accession to CPTPP, one of the world’s largest free trading areas,” Trade Secretary Liz Truss said. The British government said joining CPTPP would help the U.K. […] Read more
Canola, Crops, Reuters

Huawei extradition ruling could unleash more Chinese backlash

More punitive trade measures expected

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Ottawa | Reuters — A British Columbia court ruling that could permit the extradition of a senior Huawei executive to the U.S. leaves Canada vulnerable to further retaliation from Beijing, analysts said. Huawei chief financial officer Meng Wanzhou on Wednesday lost a challenge to a U.S. bid to extradite her to face bank fraud charges, […] Read more
Beef Cattle, Livestock, Markets, Reuters

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

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Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to […] Read more
General, Markets, Reuters

CUSMA pact to take effect July 1, USTR says

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Washington | Reuters — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada […] Read more

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