Developed Markets - Highlight
17 Oct 2016
Developments in Sino-American trade relations after the US presidential election are noteworthy. While the result of the election is difficult to predict, whoever wins the presidency is unlikely to have an unduly significant impact on such relations. Regardless of the China-bashing rhetoric in play, once the successful candidate is in office, he or she would become more pragmatic and might not actualise the pledges made in the election campaigns.
List of Goods Made with Child/Forced Labour Updated as CBP Offers Advice to Help Avoid Importing Such Goods
The U.S. Department of Labor’s Bureau of International Labor Affairs has issued an updated list of goods and countries of origin that the Bureau has reason to believe are produced by child labour or forced labour in violation of international standards. ILAB is required to develop and make available to the public this list pursuant to the Trafficking Victims Protection Reauthorization Act, as amended.
On 23 September 2016, EU trade ministers met for what EU Trade Commissioner Cecilia Malmström described as “quite intense” talks on how to address alleged Chinese dumping when (or if) mainland China is granted market economy status (MES). The talks were held at an informal trade meeting in Bratislava, as part of Slovakia’s EU presidency.