US companies feel less welcome in China and some are shifting operations to other countries. That is the conclusion of a report by the American Chamber of Commerce in China.
At the current meeting of the World Trade Organization, the top US trade representative has launched a broadside at the trade body's 164 members, saying they seek litigation instead of negotiations to obtain advantages.
Representatives of the 164 WTO member countries are in Buenos Aires for their biennial meeting. The odds of a breakthrough look grim against the backdrop of Donald Trump's 'America First' policy and discord over China.
Tensions over North Korea's nuclear ambitions and discord over the THAAD missile defense system are set to dominate the agenda when South Korean President Moon Jae-in meets his Chinese counterpart Xi Jinping this week.
The EU and Mexico have had a free trade agreement for 17 years, but have been negotiating a new one for the past 18 months. Following the most recent round of talks, hopes are high that a deal can be concluded next week.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version