All articles tagged with #economic cooperation
President Lee Jae-myung reaffirmed South Korea's support for the 'One China' principle ahead of his first state visit to China, emphasizing the importance of strategic autonomy, mutual economic benefits, and strengthening diplomatic ties with China under President Xi Jinping's leadership.
India and New Zealand have reached a free trade agreement aimed at reducing tariffs, easing regulations, and expanding cooperation, with the goal of boosting bilateral trade and economic growth amid global uncertainties. The deal includes zero-duty exports for India to New Zealand and duty concessions for New Zealand, covering key sectors like textiles, horticulture, and marine products, and involves a $20 billion investment commitment from New Zealand over 15 years.
The US will cancel 10% fentanyl tariffs and suspend 24% reciprocal tariffs on Chinese goods for a year, while China will adjust its countermeasures accordingly, following recent trade talks in Kuala Lumpur that aimed to improve bilateral economic relations and stability.
U.S. immigration authorities detained over 300 South Korean workers at a Georgia factory, sparking diplomatic tensions and protests, but they are now being sent home with assurances of future reentry rights, highlighting ongoing issues with visa policies and U.S.-South Korea economic relations.
BRICS nations are holding talks to counter US protectionism amid global political and economic tensions, with discussions covering issues from trade, military support, and regional conflicts to technological advancements and geopolitical strategies.
India and China are seeking to repair their strained relationship amid economic challenges and geopolitical tensions, with Modi's visit to China aiming to reset ties and explore economic cooperation, amidst broader regional and global strategic shifts.
South Korea aims to normalize and strengthen its relations with China, focusing on boosting economic cooperation and improving diplomatic ties, as a special envoy from Seoul met with Chinese officials and conveyed President Lee Jae Myung's intentions to develop a mature strategic partnership while maintaining the U.S. alliance.
South Korea aims to normalize and strengthen economic ties with China, with officials discussing cooperation and managing sensitivities to improve bilateral relations after recent strains, including a visit from a special delegation to China and invitations to regional summits.
The US and Japan announced a historic trade deal centered around a $550 billion investment fund, but key details about the fund's funding sources, implementation, and specific commitments remain unclear, raising questions about the deal's viability and transparency.
Saudi Arabia is set to sign around $4 billion in business pacts with Syria, including joint projects and memorandums of understanding, as part of efforts to boost economic cooperation and aid Syria's recovery post-civil war, amidst regional tensions and economic challenges in Saudi Arabia.
The US and Indonesia have agreed to a framework for a reciprocal trade agreement that aims to eliminate tariffs, address non-tariff barriers, and enhance economic cooperation, including commitments to improve market access, protect labor and environmental standards, and facilitate digital trade and investment, with several major commercial deals anticipated.
The upcoming Brics summit in Brazil faces challenges due to the bloc's rapid expansion, leadership absences, and internal divisions, with many leaders, including Xi Jinping and Vladimir Putin, not attending. The summit aims to focus on less controversial issues like health and green energy, but disagreements over topics like UN reform and trade currencies highlight ongoing tensions within the diverse group of emerging economies.
South Korean President Lee Jae-myung and Chinese President Xi Jinping pledged to enhance economic ties and work towards peace and security on the Korean peninsula during their first phone call since Lee took office, emphasizing mutual interests and regional stability.
President Biden welcomed Prime Minister Kishida of Japan for an Official Visit with State Dinner to celebrate the deep ties between the two countries, affirming plans for further cooperative activities in defense and security, space exploration, and economic and technology innovation. The visit highlighted the commitment to bolster defense and security cooperation, expand space science collaboration, and strengthen economic ties through major commercial deals and technology partnerships. The two countries also pledged to deepen their cooperation on critical and emerging technologies, including AI, quantum, semiconductors, and clean energy, while promoting open and interoperable approaches to telecommunications networks.
US Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang in Beijing, expressing a message of mutual cooperation despite differences and stating that the bilateral relationship has been put on a more stable footing. The US and China have agreed to hold intensive exchanges on balanced economic growth and combatting money laundering. Yellen's visit coincides with Russian Foreign Minister Sergey Lavrov's planned visit to China, with discussions on the US-China relationship regarding Russia. Yellen also emphasized the critical role of local governments in China's economy during a meeting with Beijing Mayor Yin Yong.