China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the US trade war takes a heavier toll on businesses and consumers.
South Korea said on Monday it plans to drop Japan from its ‘white list’ of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries.
Japan and the US have agreed to target a broad deal on bilateral trade by September, seeking to bridge differences of opinion over tariffs on beef and the automobile sector, the Nikkei business daily reported on Sunday.
US trade negotiators return to China this week for a fresh round of talks in a new city, but experts warn a change of air is unlikely to quickly solve an impasse between the world's two biggest economies.
Iranian Commercial Attaché to Iraq Nasser Behzad announced that the two neighboring countries have signed a new agreement to further ease bilateral trade ties and increase economic cooperation, adding that barriers obstructing commercial relations will be removed with the new pact.
Iran is determined to scale up efforts to expand trade with Belarus up to $1 billion, Chairman of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said in an interview with BelTA.
Japan told the World Trade Organization on Wednesday that its controls on exports to South Korea were based on national security concerns, and did not constitute an embargo or an issue appropriate for discussion at the WTO.