Sea ice floats around a group of islands (TOP R) as seen from NASA’s Operation IceBridge research aircraft off the coast of the Antarctica in November 2017. The UN General Assembly on Thursday votes in favor of a global environmental pact. — AFP PhotoViet Nam News UNITED NATIONS — The UN General Assembly on Thursday took a first step to create a global pact for the environment, an initiative championed by French President Emmanuel Macron but opposed by the United States. A majority of 143 of the 193 UN member-states voted in favor of a resolution establishing a framework for the French-sponsored pact. Five countries opposed it – Russia, Syria, Turkey, the Philippines and the United States – seven abstained including Iran, while China was among the countries that backed the measure. In September, Macron made a push for the global pact, which would be the first legally binding international accord that would gather all environmental rights in a single … [Read more...] about UN takes step toward global environment pact opposed by US
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Senior US officials arrive in Beijing for trade talks with China starting on Thursday (May 3), as both sides dampen expectations for a quick resolution to the heated dispute between the world's two largest economies. At stake are tariffs on billions of dollars of US and Chinese goods, which, if imposed, could put a dent in economic growth. (AFP/JASON LEE) At stake are tariffs on billions of dollars of US and Chinese goods, which, if imposed, could put a dent in humming global economic growth. US President Donald Trump has threatened to levy new tariffs on US$150 billion of Chinese imports while Beijing has so far shot back with a list of US$50 billion in targeted US goods. "It is not realistic to resolve all issues through only one round of negotiations, but we believe that, as long as the US is sincere to resolve the relevant issues, the negotiation will be a positive one," said Hua Chunying, a spokeswoman for China's foreign ministry, at a regular news briefing on … [Read more...] about US, China dampen expectations as trade talks begin
US President Donald Trump signing the ordinance to withdraw the US from the TPP Comparing the multi-country trade agreement to a glasswork, Yoshihide Suga, Japan’s Chief Cabinet Secretary cautioned against any efforts to change it to accommodate President Trump. He told New York Times: “It is difficult to bring part of the pact and re-negotiate the CPTPP,” and called it a “well-balanced pact” that carefully addressed the needs of the current eleven member countries. Taro Aso, Japanese Minister of Finance, said he would welcome a decision by the US to explore rejoining the CPTPP. “If it is true, I would welcome it.” But he added that he needed to verify facts carefully. “Trump is a person who could change temperamentally, so he may say something different the next day,” Reuters reported. New Zealand’s Trade Minister David Parker questioned how real the engagement was, given similar comments of President Trump in Davos. … [Read more...] about US wish to rejoin to cause turmoil within CPTPP?
China on Monday (Apr 2) imposed tariffs on 128 US imports worth US$3 billion, including fruits and pork, retaliating for US duties on steel and aluminium that Beijing said "seriously infringed" Chinese interests. China on Monday imposed new tariffs on 128 US imports worth US$3 billion in retaliation to US duties on steel and aluminium. (AFP/STR) China's move, which the Xinhua news agency said was decided by the custom tariffs commission of the State Council, followed weeks of rhetoric that has raised fears of a trade war between the world's two biggest economies. The Trump administration had said its duties were aimed at steel and aluminium imports that it deemed a threat to US national security, but China's Commerce Ministry on Monday called that reasoning an "abuse" of World Trade Organization (WTO) guidelines. The US measures "are directed only at a few countries, seriously violating the principle of non-discrimination as a cornerstone of the multilateral trading system, … [Read more...] about China slaps retaliatory tariffs on 128 US imports
Parliamentary groups asked to foster Vietnam-Romania ties Vice Chairman of the National Assembly Uong Chu Luu receives Chairman of the Romania-Vietnam Friendship Parliamentary Group Simion Lucian-Eduard in Hanoi on March 29. Vice Chairman of the National Assembly Uong Chu Luu has said that friendship parliamentary groups of Vietnam and Romania should maintain meetings and increase the exchange of information and experiences, thus fostering economic, trade and investment ties between the two nations. Luu made the statement while receiving a delegation of the Romania-Vietnam Friendship Parliamentary Group led by its Chairman Simion Lucian-Eduard in Hanoi on March 29. Luu reiterated that Vietnam always wants to consolidate and develop the friendship and multifaceted cooperation with Romania. Vietnam appreciated Romania’s support for Vietnam’s past struggle for national independence and reunification as well as the current process of national construction and … [Read more...] about Government News 30/3 (Hourly Updated)