Indonesian exports of clear and tinted float glass may now enter the Philippine market free from safeguard tariffs, the Trade Ministry announced on Monday.
Rules of origin in international trade is like a passport required for travel overseas. These are used to determine the “nationality” of goods traded in the global market place. Yet, ironically no internationally agreed-upon rules of origin exist.
The EU has threatened to “act decisively” if the United States puts new tariffs of its goods amid heightened tension over subsidies to the home aviation market.
The preliminary assessment on the consequences of EU to restrict market access to palm oil has pushed Malaysia to join Indonesia in filing a lawsuit against the trade bloc at the WTO.