Trade talks between the European Union and Australia have been postponed amid escalating tensions over Canberra’s decision to cancel a $40 billion submarine deal with France. Australia last month cancelled a deal with the French Navy to build conventional submarines …
Australia and the United Kingdom are set to sign next week a post-Brexit trade deal that was agreed upon during the G7 summit in June. According to CANZUK International — an international group lobbying for a Canada, Australia, New Zealand …
British supermarkets have run out of pasta after extreme weather caused a disastrous wheat harvest last summer, and experts warn that the shortage could be a long-term problem. Prices of durum wheat from Canada, one of its largest producers, shot …
A French defense contractor will be sending a “detailed and calculated” bill to Australia after cancelling a multibillion-dollar submarine deal due to a new agreement that Canberra signed with the United States and United Kingdom. Naval Group CEO Pierre Eric …
China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Thursday. The Chinese ministry said that Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in a letter to …
The Chinese government wrote to Australia asking for its support to join the Trans-Pacific trade pact despite the two countries’ recent economic tensions. “China’s accession to the CPTPP would yield large economic benefits,” Beijing’s embassy wrote in its lobby to …
Brazil, the world’s largest exporter of beef, has suspended beef exports to China, its biggest customer, due to mad cow disease found in two separate domestic meat plants on Saturday. Brazil’s Ministry of Agriculture said there was no risk to …
Shipping-container rates hit all-time highs in August, which analysts said will continue to rise for the rest of the year due to strong global trade demand amid shortages. Maritime think tank Drewry reported that container freight rates surged to $9,817.72 …
Chinese authorities have shut down the American Chamber of Commerce in the southwestern city of Chengdu due to unspecified reasons. According to the statement from the Chamber that was seen by Reuters, it can “no longer carry out any activities …
Frozen beef exports from the United States to China surged after the latter’s tensions with its top exporter Australia broke out in April. U.S. beef exports increased to $107 million in July while Australian exports fell to $35 million. In …