https://sagire.online/topic/trade/ Articles and notes about Trade. en Thu, 05 Nov 2026 02:48:00 -0300 https://sagire.online/wire/f1ea97db/https://sagire.online/wire/f1ea97db/Wed, 04 Nov 2026 23:22:00 -0300Russian President Vladimir Putin signed the law ratifying the intergovernmental agreement with China for the joint construction of a second main line of 1,435 mm gauge on the Zabaikalsk–Manzhouli border section. Under the document, the two countries will carry out the works jointly and in a synchronized way. The ratified document appears on Russia’s official legislative information portal. The ratification is presented as a step forward in Russia’s “eastward pivot” toward China, in the SCMP’s assessment.RussiaChinaTrade https://sagire.online/wire/315f751d/https://sagire.online/wire/315f751d/Wed, 04 Nov 2026 22:22:00 -0300The Democratic majority in Congress will now control trade committees and be able to investigate tariff policy, but repealing tariffs runs into Trump’s veto power. With at least 235 seats, according to Reuters projections, Democrats will hold trade committee chairs and have an easier time passing trade legislation. Democrats want to rescind old laws Trump used to impose tariffs, such as Section 338 of the 1930 Tariff Act, applied to Canadian imports. For Blake Harden of Ernst & Young, the congressional swing is “very unlikely” to have a significant impact on the president’s trade agenda and the tariffs in place — Trump will continue to pursue his tariff-driven trade agenda protecting workers, farmers and businesses, White House spokesman Matthew Middleton said.United StatesTradeElections https://sagire.online/wire/9ecf95d7/https://sagire.online/wire/9ecf95d7/Wed, 04 Nov 2026 21:21:00 -0300The People’s Bank of China is working to extend e-CNY operating capability to offshore banks, including branches of existing operators in Hong Kong, said Lu Yuan, deputy head of the bank’s digital currency research institute, on a panel at Hong Kong Fintech Week. ICBC has already accumulated hundreds of billions of yuan in transactions in the currency, and the central bank counts around 4.3 billion transactions worth around 31 trillion yuan as of September.ChinaTrade https://sagire.online/wire/505ec90e/https://sagire.online/wire/505ec90e/Wed, 04 Nov 2026 17:25:00 -0300According to OilPrice, the Japan-Korea Marker, Asia’s liquefied natural gas (LNG) benchmark, topped $31 per million British thermal units this month and briefly rose above $33, compared with a little over $9 in January. The International Energy Agency (IEA) estimated that the war between the United States, Israel and Iran cost the world some 60 billion cubic meters of LNG supply in the eight months to October. QatarEnergy has signed two long-term deals to buy US gas, 4 million tons a year from Cheniere Energy and 3 million tons a year from Woodside Energy, which will make it the biggest foreign buyer of US liquefied gas, according to Reuters. Global gas consumption fell 1%, or 35 billion cubic meters, in the first nine months of the year.QatarEnergyTrade https://sagire.online/wire/f01bb729/https://sagire.online/wire/f01bb729/Wed, 04 Nov 2026 13:22:00 -0300Construction of the China-Kyrgyzstan-Uzbekistan railway is advancing on 28 of the 29 planned tunnels and 47 of the 50 bridges along the roughly 305-kilometer Kyrgyz section, according to Kyrgyz Railways, a partner in the project, in a report by OilPrice drawn from Eurasianet. About 22% of total construction work is expected to be completed by the end of 2026, with tunnel excavation at 21.5%, earthworks at 67% and bridge foundations at 95%, according to the project's deputy director general; operations are officially scheduled for 2031. Once complete, the roughly 530-kilometer line will give China a shorter, faster and cheaper rail route into Central Asia and onward markets. Kyrgyzstan announced the start of construction of a new cargo airport at Manas, through which the railway will pass, envisioned as a key cog in an air, rail and road freight network.ChinaCentral AsiaTradeSupply chains https://sagire.online/wire/2a0591b3/https://sagire.online/wire/2a0591b3/Wed, 04 Nov 2026 12:23:00 -0300Chinese genetic sequencing company Novogene has taken the US Department of Defense to court to challenge its inclusion on a Pentagon list of firms accused of supporting China’s military, according to the Times of India. The lawsuit was filed late Tuesday in a federal court in Washington; the company was added to the list in June, alongside Alibaba, Baidu, BYD and NIO, and is seeking to overturn its designation, arguing that the decision is unlawful and has damaged its business and reputation. From 2027, the Pentagon will be barred from purchasing products or services from the listed companies even through third-party suppliers. An injunction granted by a US court to Alibaba against Pentagon contract restrictions does not remove the company from the list, which it is continuing to challenge in court.ChinaUnited StatesTechnologyTrade https://sagire.online/wire/843ab73b/https://sagire.online/wire/843ab73b/Wed, 04 Nov 2026 11:22:00 -0300Export Trading Group (ETG) has filed a $120 million international arbitration claim against the Mozambican government to recover the value of 40,000 tonnes of pigeon peas, maize and rice seized under a ruling by a Nacala judge later dismissed over corruption, in a case opened on October 16, 2024. In a meeting with President Daniel Chapo on October 22, the group proposed a $2 billion fertilizer factory using Mozambican gas. Companhia Industrial da Matola (CIM) challenged on October 12, at the Tribunal Administrativo, the monopoly of the Instituto de Cereais de Moçambique (ICM) over grain imports, accusing Economy Minister Basílio Muhate and the institute of raising, without authorization, the charges paid by importers from $5 to $16 per tonne.MozambiqueTradeEconomy https://sagire.online/wire/5074b66b/https://sagire.online/wire/5074b66b/Tue, 03 Nov 2026 20:21:00 -0300Donald Trump said in an interview with Fox News on Tuesday that the United States is close to making a trade deal with Canada, but Canadian Prime Minister Mark Carney said work remained and that Washington had dropped some demands. Carney said progress had been made but the deal was not done — “they’re asking less and they’re offering more, but we’re not quite there.” According to Carney, the U.S. withdrew earlier demands, including one that would have given Washington final say over trade deals Canada might sign with other nations.United StatesCanadaTradeNorth America https://sagire.online/wire/a7c55b9d/https://sagire.online/wire/a7c55b9d/Tue, 03 Nov 2026 18:23:00 -0300The presidents Lee Jae Myung and Recep Tayyip Erdogan agreed in Seoul to expand cooperation in nuclear energy and defense, signing a memorandum on financing for nuclear power projects to support the participation of South Korean companies. According to Lee, cooperation on Turkey’s Sinop nuclear power plant project “has been progressing smoothly.” On defense, the two countries agreed to expand joint production and technological cooperation and to explore opportunities for companies from both sides to enter third-country markets together. Bilateral trade reached a record $10.7 billion last year.South KoreaTurkeyNuclearDefenseTrade https://sagire.online/wire/b44395c5/https://sagire.online/wire/b44395c5/Tue, 03 Nov 2026 17:22:00 -0300South Africa and Rwanda will lose their duty-free access to the US market after being excluded from the AGOA (African Growth and Opportunity Act) program, according to France 24. With the program ending, South Africa is bracing for some job losses.South AfricaRwandaUnited StatesTrade https://sagire.online/wire/5c558c15/https://sagire.online/wire/5c558c15/Tue, 03 Nov 2026 08:24:00 -0300China has pledged to work with Pakistan to advance “high-level security cooperation” and ensure the security of the two countries’ joint infrastructure project, the China-Pakistan Economic Corridor (CPEC), according to the South China Morning Post. The messages were conveyed by Liu Haixing, head of the International Department of the Chinese Communist Party, in separate meetings with Pakistan’s top military leader Asim Munir and Prime Minister Shehbaz Sharif on Monday, on his first official visit to the country since taking office just over a year ago. In his meeting with Munir, Liu said Beijing stands ready to deepen exchanges with Islamabad and pursue the “2.0” version of the corridor, according to a statement from the department released on Monday.ChinaPakistanDiplomacyTrade https://sagire.online/wire/a160f2f4/https://sagire.online/wire/a160f2f4/Tue, 03 Nov 2026 08:23:00 -0300The presidents of South Korea, Lee Jae Myung, and of Turkey, Recep Tayyip Erdogan, signed in Seoul a memorandum on cooperation in financing nuclear projects to support the participation of South Korean companies in Turkey’s new nuclear power projects. Lee said cooperation on the Sinop plant project, including site assessments and the work of a joint working group, was “progressing smoothly” under the memorandum on nuclear energy cooperation signed in November 2025. The project aims to build Turkey’s second nuclear power plant, on its northern Black Sea coast, with the state-run Korea Electric Power Corporation seeking to participate. The two countries also agreed to deepen defense cooperation by expanding joint production and technological cooperation and jointly exploring opportunities for companies from both countries in third-country markets. The governments also signed an agreement on natural resources and mining and plan an intergovernmental channel to diversify critical mineral supply chains. Bilateral trade reached a record US$ 10.7 billion last year, according to Lee, after surpassing US$ 10 billion for the first time in 2023, a decade after the free trade agreement took effect in 2013.South KoreaTurkeyNuclearDefenseCritical mineralsTrade https://sagire.online/wire/3c4303ff/https://sagire.online/wire/3c4303ff/Tue, 03 Nov 2026 08:23:00 -0300The South African government confirmed the intention of the United States to withdraw the country’s benefits under the African Growth and Opportunity Act (AGOA) from January 1, 2027, with 60 days’ advance notice, according to SAnews, the South African government’s news service. Trade, Industry and Competition Minister Parks Tau said the decision does not define the broader relationship between the two countries and that a solution depends on the willingness of both sides. According to the government, Washington introduced new issues outside the scope of the negotiation process that began in 2025. South African exports under AGOA totaled nearly US$ 1.7 billion in 2025, down from US$ 4 billion in 2024, and accounted for roughly 1% of the country’s total exports. Bilateral trade reached US$ 28.8 billion in 2025, with more than 600 American companies operating in the country. South Africa supplies the United States with 12 of the 50 minerals Washington deems critical and 70% of the isotopes used in cancer treatments.South AfricaUnited StatesTradeEconomy https://sagire.online/wire/9ae1b3ea/https://sagire.online/wire/9ae1b3ea/Tue, 03 Nov 2026 06:24:00 -0300Shell agreed to sell its 16.67% stake in Australia's North West Shelf project to subsidiaries of XRG, the international arm of Abu Dhabi's state oil company (ADNOC), for $1.45 billion, according to Reuters, in text published by MarketScreener. The deal is expected to close in 2027 and includes an additional milestone-linked contingent payment on top of the base consideration. It is XRG's first investment in Australian liquefied natural gas (LNG); the project has 14.3 million tonnes a year of liquefaction capacity.AustraliaUnited Arab EmiratesEnergyTrade https://sagire.online/wire/3bea0faa/https://sagire.online/wire/3bea0faa/Tue, 03 Nov 2026 06:22:00 -0300The European Union (EU) and the UK have completed their deal to remove Brexit checks on imports and exports of food and animal products ranging from sausages and cheese to leather goods and flowers. The sanitary and phytosanitary (SPS) deal is not expected to be implemented until the first quarter of 2028, after a six-month delay to the second EU-UK summit, now due on 20 November. British trade with Europe has dropped by a third since 2019. The deal should remove the need for £200 export health certificates per shipment.United KingdomEuropean UnionTrade