Trade News
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EU Proposes 3 New Taxes to Repay COVID-19 Recovery Fund Borrowing
BRUSSELS (Reuters) -The European Commission proposed on Wednesday three new EU-wide taxes to help to repay the joint government borrowing in the 27-nation bloc for their 800 billion euro ($904 billion) COVID-19 recovery fund. The first measure will introduce a levy on CO2 emitted by fuels...[READ MORE]
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Ukraine Agrees Deal With Hungary on Gas Imports
KYIV (Reuters) - Ukraine will be able to import daily 8 million cubic metres of gas from the European market via Hungary from January, Ukraine's state operator of gas transmission said on Wednesday after signing an agreement with the Hungarian operator FGSZ. "The introduction of guaranteed...[READ MORE]
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Import tax on refined palm oil cut to 12.5% to calm prices
Concerned over high prices of cooking oils, the government has reduced the basic customs duty on refined palm oil to 12.5 per cent from 17.5 per cent till March next year to boost domestic supplies and bring down rates in the domestic retail markets. With...[READ MORE]
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India, France Push Blue Economy & Investment Partnership
François Delattre, Secretary-General, Ministry for Europe and Foreign Affairs of France, is on an official visit to India from December 20-22. The visit comes on the heels of the Annual Defence Dialogue held on December 17 in New Delhi between Rajnath Singh, Defence Minister and Florence Parly, French Minister for Armed Forces. Foreign...[READ MORE]
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FG’ll not allow any entity undermine ties with Turkey —Presidency
The Presidency has said that it will not allow any business entity operating within its domain to undermine its relationship with the Republic of Turkey. This is according to a piece published on Sunday by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, titled ‘Takeaways from President Buhari’s epic visit to...[READ MORE]
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Brexit: UK signs free trade deal with Australia
The UK has signed a free trade deal with Australia which it says will benefit consumers and businesses. [READ MORE]
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Analysis-Cheap and Unloved UK Plc Still Can't Shake Risk Discount
(Reuters) - The "Buy UK" equity trade that many viewed as a no-brainer at the start of 2021 looks like it has backfired, with British equities suffering record outflows this year despite being at their cheapest in more than three decades. The MSCI UK Index's valuation discount to world...[READ MORE]
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Exclusive-Moldovan President to Russia: Joining the EU Is Our Choice
BRUSSELS (Reuters) -Moldova aspires to join the European Union and the former Soviet republic has told Russia that this is its choice, Moldovan President Maia Sandu said on Tuesday. Her comments in an interview with Reuters were her clearest public remarks on Moldova's pro-Western course....[READ MORE]
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Mexico May Appeal 'Discriminatory' U.S. EV Tax Credits
MEXICO CITY (Reuters) - Mexico is not ruling out the possibility of appealing to an international panel over tax incentives proposed by the United States for some U.S.-made electric vehicles, President Andres Manuel Lopez Obrador said on Tuesday. Mexico has promised to review a range of...[READ MORE]
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As EU-Taiwan ties deepen, cybersecurity is front and centre
Relations between the European Union and Taiwan have taken a surprising turn over the past year, with European officials embracing diplomatic cooperation with the self-governed island even as Beijing ramps up its coercive attempts to isolate Taipei. As the EU finds common ground with Taiwan in the field of cybersecurity...[READ MORE]
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