Latest Trade agreements News

UK presses on with Brexit rules rewrite; EU calls it illegal

Jun. 27, 2022 12:48 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson signalled Monday that a plan to rip up parts of the post-Brexit trade deal he signed with the European Union could become law by the end of the year. Lawmakers began debating legislation that rewrites trade rules for Northern...

Leftist's election to test Colombia's alliance with US

Jun. 21, 2022 17:52 PM EDT

BOGOTA, Colombia (AP) — It’s one of the United States’ few enduring alliances in an often-turbulent Latin America, one built around a decades-long partnership combating the nation’s drug cartels. But Gustavo Petro’s election as Colombia’s first leftist president is likely...

WTO ministers reach deals on fisheries, food, COVID vaccines

Jun. 17, 2022 11:30 AM EDT

GENEVA (AP) — After all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments aimed at protecting stocks of ocean fish, broadening production of COVID-19 vaccines in the developing world, improving food security and reforming a 27-year-old...

EU sues UK over move to rewrite post-Brexit trade rules

Jun. 15, 2022 12:12 PM EDT

BRUSSELS (AP) — The European Union sued Britain on Wednesday over its move to rewrite the trade rules agreed to when the country left the EU two years ago, ratcheting up tensions between the major economic partners. Earlier this week, British Prime Minister Boris Johnson's...

UK moves to rewrite Brexit rules; EU threatens legal action

Jun. 13, 2022 16:29 PM EDT

LONDON (AP) — Britain’s government on Monday proposed new legislation that would unilaterally rewrite post-Brexit trade rules for Northern Ireland, despite opposition from some U.K. lawmakers and EU officials who say the move violates international law. The proposed bill seeks to...

WTO holds big meeting to tackle vaccines, food shortages

Jun. 12, 2022 16:02 PM EDT

GENEVA (AP) — The head of the World Trade Organization predicted a “bumpy and rocky" road as it opened its highest-level meeting in 4-1/2 years on Sunday, with issues like pandemic preparedness, food insecurity and overfishing of the world’s seas on the agenda. At a time when...

WTO looks to reach trade deals with its fate on the line

Jun. 11, 2022 02:51 AM EDT

GENEVA (AP) — The World Trade Organization is facing one of its most dire moments, the culmination of years of slide toward oblivion and ineffectiveness. Now may be a chance to turn the tide and reemerge as a champion of free and fair trade — or face a future further in doubt. ...

UK to introduce bill next week to breach Brexit deal with EU

Jun. 10, 2022 11:44 AM EDT

LONDON (AP) — The British government said Friday it will introduce a bill next week to override parts of the Brexit trade treaty it signed with the European Union before the U.K. quit the bloc in 2020. The move will be a major escalation in a festering U.K-EU dispute over trade rules for Northern...

Irish leader sees no UK will to end Brexit trade standoff

Jun. 08, 2022 06:18 AM EDT

BRUSSELS (AP) — The British government appears to have no political will to resolve its festering trade dispute with the European Union and risks endangering the hard-won peace in Northern Ireland, Irish Prime Minister Micheal Martin said Wednesday. Prime Minister Boris Johnson’s...

China demands US stop trade talks with Taiwan

Jun. 02, 2022 05:33 AM EDT

BEIJING (AP) — China’s government on Thursday accused Washington of jeopardizing peace after U.S. envoys began trade talks with Taiwan aimed at deepening relations with the self-ruled island democracy claimed by Beijing. Talks that started Wednesday cover trade, regulation and...