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The Latest Breaking News from International Trade

Hunt backs Sunak’s campaign after losing out in first ballot – as it happened

Latest updates: Former health secretary failed to get the required 30 nominations, along with the chancellor Nadhim Zahawi

The Guardian - UK

You say potato, I say property rights

A battle between PepsiCo and Indian farmers highlights the gap between international trade law and countries seeking to protect their farmers' seed rights.

360info

Penny Mordaunt launches bid as nine candidates now confirmed in Tory leadership race

The Portsmouth North MP and international trade minister announced her bid for the leadership on Sunday morning following Boris Johnson's resignation earlier this week.

Daily Record

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'We are going to have to make decisions to invest today', says Arancha González Laya

Across Europe, people are being hit by increased food, fuel and electricity bills. Even before the war in Ukraine started, the price of energy was rising. European leaders insist they will not waver in their support to Ukraine. They admit that helping Kyiv will come at a cost to European…

France 24

TBA pushes to enhance Thai-Saudi trades

Thai Bankers’ Association (TBA) highlights the prominent role of commercial banks in supporting international trade and the aim to upgrade trade transactions between Thailand and Saudi Arabia with 2 projects that will improve competitiveness of Thai importers and exporters.

Bangkok Post

Don’t pretend Australia Brexit trade deal will have ‘noticeable’ benefits, MPs tell government

Cross-party international trade committee says agreement unlikely to be detectable at supermarket tills

The Independent UK

Famous British goods could lose out under UK-Australia deal

The International Trade Committee Chair criticised ‘flat-footed’ Government negotiating tactics on the deal.

The Independent UK

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Make a 'Fast' deal on EVs and hybrids at trade show

The Fast Auto Show Thailand is back with both new and used cars on sale from Wednesday to Sunday at the Bangkok International Trade and Exhibition Center (Bitec).

Bangkok Post

UK trade deal with Australia amounts to ‘offshoring’ pesticide use, MPs say

Select committee says ministers want to rush through deal allowing food imports that fall below UK environmental standards

The Guardian - UK

Cape & Kantary Hotels offering special deals

Cape & Kantary Hotels invites visitors to the 62nd Thai Teaw Thai Fair, taking place at the Bangkok International Trade & Exhibition Centre (BITEC Bangna) from now until July 3.

Bangkok Post

Tory minister confirms 'rule-breaking' plan to protect British steel

International Trade Secretary Anne-Marie Trevelyan admitted plans to protect British steel producers depart from the UK’s “international legal obligations” but are in the “national interest”

Daily Mirror

Tory minister accused of disrespecting MPs after snubbing Australia deal scrutiny

THE International Trade Secretary has been accused of “disrespecting” to MPs after she failed to appear before a parliamentary committee.

The National (Scotland)

Trade Secretary accused of ‘disrespect’ after missing Australia deal scrutiny

Trade committee chair Angus Brendan MacNeil said MPs had been ‘consistently hindered’ in attempts to examine the deal.

The Independent UK

U.S. Consumer Confidence And Other Macro Issues For Tuesday

Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 8:00 a.m. ET. An advance report on U.S. international trade in goods for May is scheduled for release at 8:30 a.m. ET. The US goods deficit is projected to shrink further to $102.0 billion in May after…

Benzinga

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Asharq Al-Awsat

UAE to Double National Economy to $816 Billion by 2030

The Ministry of Economy has announced that the UAE will soon sign comprehensive economic partnership agreements (CEPA) with several countries. It will also sign trade preference agreements with the member countries of the Organization of Islamic Cooperation in early 2023. The ministry said that the new partnership agreements aim to…

The Independent UK

UK quietly drops ‘human rights’ and ‘rule of law’ from list of goals in Gulf trade deal

Ministers are desperate to sign new trade deals after damaging the UK economy with Brexit

Daily Mirror

Steel campaigners celebrate plan to extend measures to protect UK industry

The Department for International Trade is set to extend the package of tariffs and quotas - despite the Prime Minister's ethics adviser quitting last week over the plan

Bangkok Post

International trade: Is it a help or a hindrance?

Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are…

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Bangkok Post

Accelerating ASEAN’s energy transition and clean mobility

Endorsed and hosted by Thailand's Ministry of Energy, under the patronage of H.E. Supattanapong Punmeechaow, Deputy Prime Minister of Thailand, the world’s largest organiser of energy exhibitions and conferences, dmg events, presents Future Energy Asia and Future Mobility Asia. The combination of events are dedicated to accelerating ASEAN’s energy transition…

Daily Mirror

Calls for Tories to extend steel safeguards and save UK industry from £150m blow

Shadow International Trade Secretary Nick Thomas-Symonds tackled the Government over the measures in the Commons as experts demanded an extension to 2024

WEKU

A trade dispute between the U.K. and the EU erupts over post-Brexit deal

The international trade dispute has drawn widespread condemnation and threatened to disrupt the relative peace in Northern Ireland since the 1998 Good Friday Agreement in Belfast.

Asharq Al-Awsat

Samsung China Chip Production Faces Disruption from Korea Trucker Strike

Samsung Electronics Co Ltd's chip production in China is facing disruption from a trucker strike in South Korea which is blocking exports of a key material, the Korea International Trade Association (KITA) said on Tuesday. It is the first concrete sign that the week-long strike is impacting chip production, having…

Reuters

S.Korea truckers end strike; gov't agrees to extend pay guarantee

South Korea's unionised truckers and the transport ministry reached a tentative agreement on Tuesday on minimum pay guarantees in a late night deal ending a nationwide strike that crippled ports and industrial hubs, the two parties said.

The National (Scotland)

Brexit impact causes successful Scots firm to end all international trade

A SCOTTISH business has ceased all international trade after its owner said the impact of Brexit led to long waiting times, missed parcels and…

The Hindu

PM Modi stresses need to make Indian banks, currency important part of international trade, supply chain

Inaugurating the ‘Iconic Week Celebrations’, Prime Minister Narendra Modi highlighted the importance of domestic banks and currency for India’s role in the international trade and supply chain.

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