Trump taps Peter Navarro as lead trade advisor
“It is unclear if Navarro's post will be a cabinet-level position, or how it will interact with the office of the U.S. Trade Representative or Department of Commerce, both of which Trump has also said will lead his trade and tariff policy.”
[Supply Chain Dive]
New action plan signed to combat child labor in West African cocoa production
“‘This framework places the relevant national plans of action of Côte d’Ivoire and Ghana at the center of our work, while underscoring the critical role that companies play in promoting due diligence and transparency in supply chains,’ said Deputy Undersecretary for International Affairs Thea Lee.”
[Department of Labor]
European Union and Mercosur trade bloc announce free trade deal
“The deal is not the end of the story for the Europeans. France leads a group of member countries who still have objections to the pact, and all 27 member countries must endorse it for the agreement to enter force.”
[Associated Press]
Global trade on track to hit record $33 trillion in 2024
“This 3.3% annual growth has been driven largely by a 7% rise in trade in services, contributing $500 billion to the overall expansion. Trade in goods has grown at a slower 2% this year, remaining below its 2022 peak.”
[UN Trade and Development]
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