China files case at WTO against US tariffs: MOC

9/3/2019 - 6:15:10 PM

China on September 1 announced that it had filed a case at the World Trade Organization (WTO) against the United States following its implementation of the additional 15-percent tariffs imposed on US$300 billion worth of Chinese imports on September 1.

Illustrative image.

The tariffs imposed by the United States severely violated the consensus reached by the two heads of state in Osaka, a statement released by the Ministry of Commerce said, adding that China is extremely dissatisfied with and resolutely opposes the tariffs.

China will firmly safeguard its own legitimate rights and interests and resolutely uphold the multilateral trading system as well as the international trade order in line with WTO rules, the statement added.

Removing “bottlenecks” in global problems

The Foreign Ministers’ Meeting of the world’s leading developed and emerging economies (G20) recently held in Rio de Janeiro, Brazil emphasised the need to reform global governance institutions, especially the United Nations Security Council. The meeting is also an opportunity for G20 to find solutions to a series of hot issues facing the world, such as poverty, climate change, and conflict.

ASEAN FMs issue statement on maintaining, promoting stability in maritime sphere in Southeast Asia

The Association of Southeast Asian Nations (ASEAN) Foreign Ministers on December 30 issued a statement on maintaining and promoting stability in the maritime sphere in Southeast Asia.

Optimistic signals of the world economy

The world economy has overcome a challenging year, but has proven more resilient than expected. The Financial Times (UK) commented that 2023 was a positive year for the world economy as the economic surprise index collated by Citigroup shew that actual data have underwhelmed economists’ predictions for much of the past months. These economic trends are the basis for optimism about the world economy in 2024.