Blinken and Wang Remain Apart on Overcapacity, Unfairness
During U.S. Secretary of State Antony Blinken's China trip last week, he and his Chinese counterpart exchanged views on overcapacity, a hot-topic issue in bilateral trade relations, as well as on "unfair" U.S. measures against China and China's "unfair trade practices.
EU Official Notice Provides More Detail on Chinese Procurement Investigation
The EU has published its official notice of initiation of an investigation concerning Chinese "measures and practices" in the public procurement market for medical devices.
MOFCOM: There Is No "Overcapacity" in Green Energy
At a press conference last week, the spokesperson for China's Ministry of Commerce rejected the concerns about overcapacity in the new energy sector. Instead, he stated, there is a "storage of capacity" to meet the growing demand.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* MOFCOM’s trade remedy measures on Taiwanese plastics and U.S. chemicals
* The 6th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries
* Updated export control rules on precursor chemicals
In North America:
* Event
U.S. AD/CVD Petitions Filed on Solar Products from Southeast Asia; New Transnational Subsidy Rules To Be Tested
Earlier this week, a group of U.S. solar manufacturers filed AD/CVD petitions against products made by mostly Chinese-owned solar companies operating in four Southeast Asian countries. The Commerce Department's new rules that allow it to examine "transnational" subsidies – i.e., subsidies provided by a
MOFCOM Revises Export Control Catalog on Chemicals
On August 23, the Chinese Ministry of Commerce (MOFCOM), along with four other agencies, updated the controlled list of precursor chemicals for designated countries/regions.
Macau Forum Strengthens China-Portuguese Speaking Countries Ties in Trade, Digital, Green Sectors
This week, Macau hosted the 6th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries. The participating countries agreed to further cooperation in digital economy and clean energy. Beijing also announced some trade facilitation measures and expressed willingness to reach trade and investment agreements