China and Peru Sign Protocol for FTA Upgrade
China and Peru have further strengthened their economic relationship with the signing of an upgraded Free Trade Agreement (FTA) on November 14. The agreement, along with the inauguration of the Chancay Port, a major Belt and Road Initiative project, underscores the growing strategic partnership between the two nations.
CTM Weekly Newsletter
This past week, CTM covered the following issues:
In China:
* High-level meetings between China and Peru, Malaysia, Indonesia
* New regulation on strategic investment in public companies
* New guidelines on patent rights and antitrust
* Research paper on supply chain resilience in face of foreign sanctions
In the U.S.:
* New bill
Peru Embraces China's Belt and Road Initiative with New Infrastructure Project
Chinese President Xi Jinping arrived in Peru today for a state visit and to attend the 31st APEC Economic Leaders' Meeting. The trip will further solidify the two countries' strategic partnership and underscore China's growing economic influence in the region.
U.S. Congressman Introduces Legislation to Revoke China's Permanent Normal Trade Relations
Chairman John Moolenaar (R-MI) of the House Select Committee on the Chinese Communist Party has introduced the Restoring Trade Fairness Act, a bill that would revoke China’s Permanent Normal Trade Relations (PNTR).
Canadian Deputy PM Shares U.S. Concerns on China, References Lack of Alignment by Mexico
Yesterday, Canadian Deputy Prime Minister Chrystia Freeland emphasized that Canada was aligned with the U.S. on trade relations with China, distinguishing Canada's position from that of Mexico.
China Eases Restrictions on Foreign Strategic Investments
Earlier this month, the Ministry of Commerce (MOFCOM) and five other agencies jointly released the revised Administrative Measures for Strategic Investment by Foreign Investors in Public Companies. The revision reflects China's ongoing efforts to attract foreign capital while maintaining control over national security and other interests.
U.S. Government Replies to Chinese Solar Company Argument for Standing in Forced Labor Case
Litigation over a U.S. import prohibition on solar products is continuing in U.S. court, as the U.S. government filed its latest brief on the issue of standing.