In Thailand, recent news reports indicate that cheap imports from China have been flooding the domestic market, and possible responses include the removal of a VAT waiver that is currently in place.

Over the weekend, Wang Yi, China's Minister of Foreign Affairs, made remarks at the Munich Security Conference and took several questions from Christoph Heusgen, the Chairman of the conference, dealing with trade and economic issues, although broader foreign policy issues were the main focus.

At the 2024 International Trade Conference put on by the Washington International Trade Association (WITA), several U.S. trade policy experts took stock of U.S.-China trade relations.

On Friday, the European Commission announced the first ever in-depth investigation under its new Foreign Subsidies Regulation, targeting CRRC Qingdao Sifang Locomotive Co., Ltd., a subsidiary of CRRC Corporation, a Chinese state-owned train manufacturer.

This past week, CTM covered the following issues. In China: * Electric vehicle promotion * Anti-dumping review of EU potato starch * Chinese views of U.S. election In the U.S.: * Forced labor concerns with Volkswagen luxury brand imports * Dumping/subsidization determinations on Chinese pea protein * U.S. Trade Rep. comments on

Last week, Beijing issued a document outlining measures to support the sale of new energy vehicles in international markets, focusing on seven areas: international operation, logistics, financial support, trade promotion, business environment, and risk-prevention.

News reports indicate that certain Volkswagen luxury brands have seen imports into the U.S. held up at ports due to concerns about components made in Xinjiang using forced labor.