Questions tagged [trade]

Questions relating to international trade; this includes policies effecting trade; like tariffs, quotas and treaties, or organizations regulating and promoting such trade

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Which EU countries trade more with China than with the US?

News last year was that China overtook the US as the EU's largest trading partner. (Apparently that only included good and not services though.) Although COVID-related disruptions probably skewed ...
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Can the difference in development between India and China be explained on one of them (China) embracing free markets before the other?

They both have similar levels of population although one is projected to rival the USA for superpower status while the other still has huge rates of poverty. Authoritarian countries seem to have ...
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Does neoliberalism aka free trade across borders with necessitate/demand austerity?

Why did the practise of Austerity in domestic economics spread with the advent of neoliberalism? Neoliberal institutions which preach reduced trade barriers also impose austerity. I understand that ...
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Reselling and tariffs between China/UK and EU

If a reseller in England imports a widget from China they will pay the UK's China->UK tariff for that good. If they then sell that widget to a customer in Spain (in the EU), will the Spanish ...
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How much natural gas does France import from Russia?

According to the BBC France, like many other European countries, imports much of its natural gas through pipelines from Russia, using it for residential and commercial energy. Of course, "much&...
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After stopping production of opium, how does Afghanistan's government plan to offset the lost inflow of money going forward?

Thought some of the sources it cites are ten years old or more, Wikipedia's Afghanistan; Economy; Agriculture says Agricultural production is the backbone of Afghanistan's economy and has ...
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Do people believe that the South China Sea is the “defining battlefield of the 21st century"? [closed]

I've recently been getting interested in East Asian geopolitics and stumbled across an article by Robert Kaplan in Foreign Policy, which argues that over the span of decades the demographic and ...
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Did China retaliate for the seizure of its ship by India?

Chinese ship carrying suspected cargo to Pakistan allowed to leave, equipment held back DRDO confirms Chinese ship India stopped was carrying nuclear-capable equipment to Pakistan The above article ...
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What practical difference would it make, over the existing US sanctions, if Russia's PNTR status were revoked?

Apparently there's a difference of opinion between the White House and Congress on whether to revoke Russia's "permanent normal trade relations" (PNTR) with the US. What practical difference ...
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What would be the consequences of a drastic reduction of Ukrainian and Russian exports? [closed]

In Spain, supermarkets have started limiting purchase of sunflower oil beyond 5 liters per person. It looks like there are supplying problems, since both Russia and Ukraine are the main exporters of ...
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Why is the Crimean peninsula so important for Russian trade?

One of the major reasons why Russia is stated to be so much in the need of controlling the Crimean peninsula, is that their economy is restricted due to having too few options for sea trade, having ...
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Why do EU sanctions against Russia stop short of a total trade ban?

With the Russian invasion of Ukraine now officially around the corner (or even underway), I am surprised how minimalistic and non-committal the proposed sanctions are. Even the US "mother of all ...
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Could Russia be bluffing on an invasion of Ukraine in order to keep profiting from the high price of liquified natural gas? [closed]

I am wondering if it may be likely that Russia is just bluffing in regards to an invasion of Ukraine in order to keep the price of liquefied natural gas (LNG) high so that it will continue to profit ...
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Why does the USA confiscate money paid for a contract?

Example#1. US-Pakistan F-16 deal of the 1980s. According to Wikipedia: In the 1980s, Pakistan agreed to pay $658 million for 28 F-16 fighter jets from the United States; however, the US Congress ...
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Which products do NATO countries (read US) exclusively produce? [closed]

Imagine Russia groups with China, Iran, North Korea, etc. They exchange currency to trade amongst themselves. Would NATO countries still have something exclusively in their store that those countries ...
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Is there any plausible reading of the DoT terms of the Northern Ireland Protocol under which they are not self-defeating?

Under the Protocol the UK government is responsible for applying checks on goods entering NI from the rest of the UK to ensure that goods destined for the Republic of Ireland meet EU regulations. This ...
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Is there any historical precedent for the European Union quarantining a member state which fails to carry out customs checks on goods

The European Union is an organisation which requires its member states: Not to carry out any customs checks on any goods travelling directly from one member state to another member state To carry ...
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Has the UK's HMRC begun the process of inspecting arrivals of EU goods?

It was made clear at the start that notwithstanding EU checks on UK movements into the single market, Britain would delay its implementation of checks. Have they now begun? If not will it cause yet ...
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Why is the US embargo such a problem for Cuba?

Why is the US embargo such a problem for Cuba? Honestly, the USA is not the only country in the world. Cuba need not buy or sell things to the USA. Cuba could trade with others nations such as EU, ...
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Why are arbitrations of Investor-state dispute settlement sometimes carried out in secret?

Opponents of ISDS argue that arbitrations are sometimes carried out in secret by trade lawyers who do not enjoy the typical safeguards of judicial independence and procedural fairness, who earn income ...
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What happens if a company/individual conducts business with a sanctioned (embargoed) country when the sanction is not from their country?

Let's say that country A is under economic sanction (embargo) from country B, and country C is a key ally of country B. What happens if a company/individual from country C does business with country A?...
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3 votes
1 answer
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Have there been any consequences so far for Switzerland rejecting the framework treaty with the EU?

In a New Statesman article on the Swiss government's abandonment of a [further] EU framework treaty with the EU, some possible negative consequences are mentioned: even if the collapse of this ...
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Why does the UK want to remove medicines from the scope of the Northern Ireland protocol?

I've read on the BBC that the UK is seeking to renegotiate the NI protocol with the EU (which is part of the Brexit deal). I can understand why the UK sees some of the provisions as burdensome, but I'...
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1 vote
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When several countries are members of several different trade pacts, which ones take precendence over the others when they conflict with each other?

When several countries are members of several different trade pacts, which ones take precendence over the others when they conflict with each other? Japan is for example member of several trade pacts ...
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2 votes
0 answers
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Why isn't the TRIMs agreement renegotiated so that large countries such as India and China are no longer considered to be developing countries?

Why isn't the Agreement on Trade-Related Investment Measures (TRIMs) renegotiated so that large countries such as India and China are no longer considered to be developing countries? European ...
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4 answers
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Is petroleum a valid explanation of why the U.S. military fought the first Iraq war?

Why couldn’t the U.S. have bought petroleum from Iraq after they took control over Kuwait’s oil supply?
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How does China defy GSP or quota system? [closed]

Preferential Tariff (Export) Generalised Scheme of Preferences (GSP) Some low to middle-income countries enjoy either GSP/GSP+ or quota system when they export their goods to the EU or North America. ...
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6 votes
2 answers
856 views

Do governments want customs duties or not?

I'm a bit confused why customs duties exist. Like, when Brexit happened it was assumed by default by everyone that customs duties would be imposed by all trade happening to/from UK. There was no ...
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8 votes
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Are there any countries that the UK now has trade agreements with, that it didn't before it left the EU?

The big rationale touted by those who wanted Britain to leave the EU was that we would be able "to do trade deals around the world". By virtue of our membership of the EU, thanks to its ...
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Were there any intra-EU concerns expressed that Germany was practicing dumping prices on aluminium sheets?

Reuters reports on the new anti-dumping duties imposed by the Biden administration on aluminium sheets (worldwide): The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common ...
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5 votes
1 answer
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Current status of a prospective 2017 EU fining of the UK for allowing undervalued Chinese imports

According to Politico in 2017: Britain faces a potential €2 billion bill from Brussels after EU investigators found that U.K. authorities turned a blind eye to a massive fraud network that allowed ...
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10 votes
2 answers
721 views

How big is this customs-clearing fee that packages from the UK to the EU incur? [closed]

The BBC has an article that lots of Germans are apparently refusing to accept packages they ordered from the UK once they are presented with the new customs clearing form/fee. Since 1 January, lots ...
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12 votes
2 answers
316 views

Could UK SMEs set up centers in Northern Ireland to maintain full access to both the EU and the rest of the UK?

Under the Brexit Withdrawal Agreement and Future Relationship, Northern Ireland is in a very advantageous position where it has full access to the EU for goods, and can also send goods to (but not ...
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13 votes
1 answer
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How does the recent EU-UK trade treaty "go beyond a Canada-style" agreement, but still not require ratification by national parliaments under EU law?

The rules for ratifying EU trade treaties depend on what's in them. There are two categories known as "EU-only" and respectively "mixed" treaties, roughly discriminated along the ...
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6 votes
1 answer
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The EU-Uk trade deal ratification by national parliaments

What would follow if any of the national parliaments refused to ratify the EU-UK trade agreement?
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10 votes
2 answers
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To what extent are financial services in this last Brexit deal (trade agreement)?

I've read two somewhat conflicting accounts from the BBC on this. On one hand: [Boris Johnson] acknowledged he had been forced to give ground on his demands on fishing. "The EU began with I ...
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2 votes
1 answer
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How many financial centres are to be created in the EU?

In the The Financial Times article UBS chairman Axel Weber assesed that the division of Europe is a massive benefit to the City of London because if Europe were united the impact ... of Brexit would ...
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Would Joe Biden lift the sanctions imposed on Huawei if he wins?

Has Joe Biden specifically said anything about lifting sanctions imposed on Huawei if he wins the election?
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2 votes
1 answer
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How is the Regional Comprehensive Economic Partnership different from the Trans-Pacific Partnership?

While the Trans-Pacific Partnership (TPP) still exists after the US withdrew its signature, some predicted that the US withdrawal opened the door to China taking the lead with its own Regional ...
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Are the Withhold Release Orders published by US Customs and Border Protection the subject of the CBP's own investigations; is such evidence published?

The US CBP has issued a Withhold Release Order on a major Malaysian palm oil producer https://www.cbp.gov/newsroom/national-media-release/cbp-issues-detention-order-palm-oil-produced-forced-labor-...
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3 answers
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Can imports be banned according to method of production?

If an imported product is functionally indistinguishable from a domestically traded product, but is produced by a different process, are countries free to ban (or apply large tariffs to) that import? ...
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1 answer
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Has Biden discussed his vote to admit China into the WTO?

In this interview with CNN’s Jake Tapper, Democratic Presidential candidate Joe Biden was asked about his past votes as US Senator in favor of the North American Free Trade Agreement (NAFTA) and in ...
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5 votes
2 answers
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Why did India ban PUBG if it is Korean app?

Why did India ban PUBG if it is a non-Chinese app? Wikipedia reads PUBG (PlayerUnknown's Battlegrounds) is Korean app.
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4 votes
1 answer
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Homework on Principle of National Treatment (WTO)

Good evening all, The question that I have is basically homework. Country A and C are member states of the World Trade Organisation (WTO). A trades regularly with C, but recently faced an issue. A is ...
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23 votes
4 answers
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Why did China target Australia for economic sanctions?

China initiated an anti-dumping investigation against Australian wine. Previously, China had increased tariffs on Australian barley. Why did China do this? Is there merit to this claim?
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3 votes
1 answer
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Why did the US dispossess an Iranian ship carrying natural gas to Venezuela?

I prefer the terms "filch" or "dispossess", not "seize", because: [a] "senior U.S. official told The Associated Press that no military force was used in the ...
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-2 votes
1 answer
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Implications of Brexit Political Declaration

There is some debate as to whether or not the UK has a mandatory obligation to apply EU rules in Domestic activites beyond 2020, irrespective of what Brexit (Trade) Deal is negotiated. The Political ...
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1 answer
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What are the benefits of joining CPTPP over conducting FTAs with the individual members?

On June 17th, the UK Government formally announced its intention to pursue membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), following repeated ...
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5 votes
2 answers
350 views

Is Biden more apt to press for harder terms and/or the renegotiation of the post-Brexit UK–US trade deal if he wins the Presidency?

I was listening to LBC earlier when I noted both this question and the statement on air regarding Brexit policies and Trump. In essence, Trump has clearly come out as a pro-Brexit person and promised '...
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16 votes
4 answers
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What is preventing the UK and the EU from progressing in the talks on post-Brexit trade?

Speaking on June 5th 2020, at the end of the fourth round of talks on post-Brexit trade, EU Chief Negotiator Michel Barnier said: Ladies and Gentlemen, to be clear, our lack of progress in this ...
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