Should investors be able to sue governments? That issue is up for debate right now in the ongoing negotiations between the EU and the US over a free trade deal.
US Commerce Secretary Wilbur Ross has told a Berlin audience that the US remains open to a free trade pact with the EU. German Chancellor Angela Merkel welcomed the proposal, but chided the Trump administration on trade.
The EU and the 10-member bloc of Southeast Asian states are to put a trade pact back on the agenda after a 7-year hiatus. Currently only Singapore and Vietnam have free trade deals with Europe.
Amid rising anti-globalization sentiment, the EU-Canada trade pact has moved a step closer to reality after the EU trade committee gave its backing. MEPs see the deal as a symbolic show of support for open markets.
China has urged countries to support its Silk Road initiative and reject protectionism. While some leaders support the initiative, others expressed doubts over whether China views openness as a one-way street.
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