With the prospects that an improvement in global fisheries management can bring additional economic gains estimated at $83 billion, according to the World Bank, the most intense and critical issue on the World Trade Organisation’s (WTO) round of negotiations this month is, fisheries subsidies.
The US-China trade conflict appears to have evolved into a bullish animal. After a plural bouts of tariffs and counter-tariffs, last August 23, Beijing slapped a 5.00% levy on US crude for the first time, targeting a commodity analysts say is already influenced by the trade tensions, and adding to a swathe of US-origin commodities like propane, Liquefied Natural Gas (LNG) and soybeans.
In spite of the drop in the dollar value of China’s imports, the Asian tiger recorded a 21% month-on-month jump in iron ore imports to 91.02 million tonnes in July, the highest since January. This tends to signal bumper purchases of major other commodities including crude oil, coal, and copper.
Demand for electronic components used in Internet-of-Things (IoT) devices drove the value of trade in international imports of information and communications technology (ICT) goods in 2017 to reach $2.1 trillion, according to new figures released by the United Nations Conference on Trade And Development (UNCTAD).