Developed Markets - Highlight
24 March 2017
US President Donald Trump has vowed to make significant changes to US trade policy, and several developments since his inauguration on 20 January appear to be consistent with that pledge. Although Trump has looked increasingly pragmatic, he doesn’t hold back from China-bashing. In all likelihood, intensifying trade conflicts between the US and China are unavoidable, but a fully fledged trade war is less probable.
With the industry under pressure from both the cost and the environmentally concerned, systems offering savings on freight charges, while reducing packaging waste, were the headline acts at the recent Pack Expo International event.
The EU’s Common Commercial Policy covers all the main measures affecting trade in goods and services and almost all trade-related issues. Trade-related areas partially covered by the common trade policy include: company law, indirect taxation, standards and other technical regulations, and enforcement of intellectual property rights. One of the most important aspects of the EU trade policy is that the EU is a customs union.