Myanmar appealed to the European Union (EU) not to withdraw the Generalized Scheme of Preferences (GSP) rights granted to garment and fishery industries in Myanmar as tens and thousands of workers may lose their jobs, sources said. Organizations such as the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Confederation of Trade Unions of Myanmar (CTUM) and Myanmar Infrastructure, Craft and Service (MICS) came together to discuss the appeal to the EU
The European Union’s (EU) probable revoking of the generalized system of preferences (GSP) will not affect pending foreign investments in Myanmar, according to U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA) under the ministry of planning and finance. The EU granted the GSP in 2013.
EU nations have never been the leading investors in Myanmar; Asian countries are, Aung Kyaw said said recently at the Myanmar Invest
President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the European Union. The president's statement came hours after The Wall Street Journal reported that Commerce Secretary Wilbur Ross said he had postponed an August timeline to publish a report on auto tariffs. "We're going to put a 25 percent tax on every car that comes into the United States from the European Union," Trump said at a campaign rally in West Virginia. Pres
Indicating a u-turn in their trade relations, the United States and the European Union have agreed to launch a new phase in their relationship, including working together toward zero tariffs. The decision was taken during a meeting between US President Donald Trump and the President of the European Commission Jean-Claude Juncker in Washington, D.C. US-EU trade relations in recent months had soured after the US imposed tariffs on steel and aluminium imports, which was retaliat
US President Donald Trump has held talks on trade with European Union Commission President Jean-Claude Juncker.
Trump strongly urged the EU to lower the 10 percent tariff it imposes on US automobiles if it wants to avoid being hit with higher tariffs on autos and auto parts the bloc exports to the United States.
Trump deems it unfair that the EU duties are 7.5 percent higher than those the United States charges on imports from the bloc, citing the need to protect the dome
The European Union (EU) is assessing Cambodia's eligibility for key preferential trade access in response to what it describes as 'recent worrying human rights and labour rights developments' in the country.
The move follows a fact-finding mission to Cambodia earlier this month 'to evaluate the situation on the ground' by a delegation of the European Commission and the European External Action Service (EEAS).
'We will now analyse the facts in detail, and consider further
(TOKYO) — The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade. The ambitious pact signed in Tokyo runs counter to President Donald Trump’s moves to hike tariffs on imports from many U.S. trading partners. It covers a third of the global economy and markets of more than 600 million people. “The E.U. and Japan showed an undeterred determination to lead the world as flag-bearers for free trade,” Abe said at