Chinese Leader Stresses Regional Integration in Recent Meetings, as U.S. Also Plays Up its Relations with the Region
In his recent meetings with leaders of ASEAN and eastern neighbors, Chinese Premier Li Keqiang emphasized the importance of regional integration and supply chains, making use of both current and proposed frameworks. This happened in the same week when the Biden administration also tried to elevate its relationship with countries
China and Tanzania Sign Agreements on Trade, Loans and Infrastructure
Last week, China announced that it would grant zero tariffs on imports from Tanzania, along with nine other Least Developed Countries, covering 98% of items in the tariff schedule. This came after a high-level meeting between the two countries earlier this month, where China made promises on trade, loans, investment,
European Commission Pushes Member States on 5G
Last week, European Commissioner for Competition Margrethe Vestager raised the issue of compliance by EU Member States with rules on 5G networks that would restrict Chinese producers such as Huawei.
SMIC Reports "Adverse Impact" from U.S. Export Controls
In its earnings call last Friday, the Chinese company Semiconductor Manufacturing International Corporation (SMIC) announced that newly introduced U.S. export controls would affect its upcoming earnings.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* October trade data and trade talks with El Salvador
* Lower tariffs for LDCs
* An import approval for Uzbekistan
In the United States:
* Chinese company's comments on electric vehicle tax credits
* Implementation of the Uyghur Forced Labor Prevention Act
China and El Salvador Start Trade Talks
This week, China and El Salvador announced that they will start the negotiations for a trade agreement. This will be the fourth set of trade talks between a Latin American country and China that have begun this year, as China's trade with the region has been growing steadily.
U.S. and Taiwan Wrap Up First Round of 21st-Century Trade Talks
Government officials from the U.S. and Taiwan met this week to discuss the U.S.-Taiwan Initiative on 21st-Century Trade. The negotiation is still at the early stages, although a timeline set by Taiwanese officials earlier this year indicated that some agreements could be reached by the end of