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The Latest Breaking News from International Trade

Penny Mordaunt mocks criticism of her work ethic as she returns to the Commons

International Trade Secretary Anne-Marie Trevelyan was among those to use the Tory leadership contest to criticise Ms Mordaunt.

The Independent UK

International: Liz Truss, Rishi Sunak emerge as finalists in UK PM race

International Trade Minister Penny Mordaunt was knocked out in the final round of ballot among Conservative lawmakers. Sunak garnered 137 votes while Truss received 113. Full story on Dynamite News:

Dynamite News

Tory MPs round on Government amid fury over 'punishing' Australia free trade deal

TORY MPs have broken ranks to call out the Government for “denying” scrutiny of its trade deal with Australia which will “punish” Scottish…

The National (Scotland)

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How Tariffs Are Making Summer Fun More Expensive, Less Safe

The U.S. International Trade Commission will hear from businesses harmed by tariffs at a hearing on Thursday.

Reason

Tory rivals round on Mordaunt over trans issues and tax cuts in televised clash

Amid a series of bruising exchanges, the international trade minister said the attacks showed ‘no-one wants to run against me’.

The Independent UK

Mordaunt under attack from Tory rivals in TV clash

The international trade minister came under fire over tax plans and her record on transgender issues in first televised debate.

The Independent UK

Conservative leadership election: why a run-off between Penny Mordaunt and Rishi Sunak is unlikely

A second round of voting among Conservative MPs has whittled the candidates in the running to replace Boris Johnson as leader down to five. Rishi Sunak, the former chancellor, finished top with the votes of 101 Tory MPs, Penny Mordaunt, the international trade secretary, was second with 81, and the…

The Conversation

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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

'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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Bangkok Post

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).

The Guardian - UK

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

Bangkok Post

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.

Daily Mirror

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”

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The National (Scotland)

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 Independent UK

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.

Benzinga

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…

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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