Latest Trade agreements News

Australia says it's reached a free trade deal with Britain

Jun. 15, 2021 01:45 AM EDT

CANBERRA, Australia (AP) — Britain and Australia have agreed on a free trade deal that will be released later Tuesday, Australian Trade Minister Dan Tehan said. The agreement is the first for Britain since it left the European Union. British Prime...

Odds of settling US-EU trade rifts? Hope may outrun progress

Jun. 14, 2021 00:19 AM EDT

WASHINGTON (AP) — President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by President Donald Trump’s mercurial behavior, combative policies and aversion to multinational alliances. Yet...

UN approves Costa Rica's Grynspan to head UN trade body

Jun. 12, 2021 00:54 AM EDT

UNITED NATIONS (AP) — The U.N. General Assembly on Friday approved the nomination of Costa Rican economist Rebecca Grynspan to head the U.N. agency promoting trade and development, the first woman and Central American to lead the Geneva-based organization. She was...

Biden, Johnson strike warm tone in first meeting

Jun. 10, 2021 16:20 PM EDT

CARBIS BAY, England (AP) — Striking a warm tone, President Joe Biden and British Prime Minister Boris Johnson used their first meeting Thursday to highlight a commitment to strengthening their nations' historic ties while setting aside, at least publicly, their political and personal...

EU vows a firm response as Brexit tensions rise anew

Jun. 10, 2021 05:45 AM EDT

BRUSSELS (AP) — Top European Union officials vowed Thursday to use all measures available to ensure that the United Kingdom respects the terms of its Brexit agreement with the bloc as tensions rise over trade involving Northern Ireland. “It is paramount to implement...

EU warns of retaliation as post-Brexit talks with U.K. stall

Jun. 09, 2021 13:36 PM EDT

LONDON (AP) — A top European Union official said Wednesday that Britain could face retaliatory tariffs or other sanctions after talks failed to resolve an increasingly heated dispute over implementation of their post-Brexit trade deal in Northern Ireland. Maros...

WTO to intensify talks on easing access to COVID-19 vaccines

Jun. 09, 2021 11:20 AM EDT

GENEVA (AP) — World Trade Organization member nations agreed Wednesday to intensify talks geared at improving access to COVID-19 products, as developing nations push for a proposal to ease patents and other intellectual property protections for coronavirus vaccines and some wealthier...

Australia says WTO should punish Chinese economic coercion

Jun. 09, 2021 06:11 AM EDT

CANBERRA, Australia (AP) — The World Trade Organization should penalize “bad behavior when it occurs,” Australia's prime minister said Wednesday ahead of a Group of Seven leaders’ meeting in Britain where he hopes to garner support in a trade dispute with China. ...

Biden to get warm welcome from relieved but wary allies

Jun. 08, 2021 07:48 AM EDT

LONDON (AP) — When U.S. President Joe Biden flies to Europe this week, he will find his hosts welcoming but wary. His predecessor Donald Trump may be gone, but he leaves a long shadow. Biden’s first foreign trip as president starts Wednesday and includes a gathering...

Norway, Iceland, Liechtenstein reach trade deal with UK

Jun. 04, 2021 10:40 AM EDT

COPENHAGEN, Denmark (AP) — Norway and two other non-EU European nations on Friday reached a trade deal with Britain following the country's departure from the bloc last year. Britain is Norway's largest trading partner outside the bloc. The deal also covers Iceland and...