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KUALA LUMPUR: Malaysia's massive palm oil industry has warned that the European Union's (EU) recent proposal to make its food industry more sustainable could eventually lead to stricter regulations for imports of the world's most-consumed vegetable oil.
TODAY, the world’s financial rhythm remains American. The US dollar assumed the role of the world’s dominant reserve, payment and settlement currency after WWII. The country’s position as the sole financial superpower gives it extraordinary influence over the destinies of nations
BEIJING: China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States.
The coronavirus (Covid-19) outbreak, which has been declared a pandemic, has resulted in considerable economic disruption and human suffering.
BEIJING: China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.
CAMBODIAN Prime Minister Hun Sen stood out in regional diplomacy this month as he became the first foreign leader to visit Beijing amid fears over the highly contagious and deadly coronavirus (Covid-19) outbreak that is hitting Wuhan and other parts of China.
KUALA LUMPUR: The EU-Malaysia Chamber of Commerce & Industry (EUMCCI) has appointed Sven Schneider as its new CEO, effective March 30, 2020.
BEIJING: China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that defused a bruising trade war between the world's two largest economies.
BEIJING: China will halve tariffs on some $75 billion of imports from the U.S. later this month, the Ministry of Finance said in a statement on Thursday.
BEIJING: China said on Thursday it will halve tariffs on some goods imported from the United States starting from 1:01 p.m. local time (0501 GMT) on Feb. 14 and reiterated it hopes it can work with Washington to eventually scrap all tariffs in bilateral trade.