The Labor Content Value of the Mexico–U.S.–Canada Agreement (USMCA) works in favor of the United States, the U.S. Congress concluded in a report. President Joe Biden’s administration was the first to use USMCA’s Rapid Response Mechanism to raise wages in the United States. In this regard, the Joint
By early 2022, Ukraine was estimated to supply 50% of the world’s refined neon, according to a report by the United States Trade Representation (USTR). Neon, specifically ultra-high purity grade (purity greater than 99.99%), is commonly used as a carrier gas for lasers used in semiconductor production. The
The United States Trade Representation (USTR) informed that it will continue to review the vaquita case in relation to possible violations by Mexico in the Treaty between Mexico, the United States and Canada (USMCA). «USTR will continue to actively monitor this issue and analyze any potential non-compliance with
The World Trade Organization (WTO) indicated that the cost of global food imports is expected to reach another record high in 2022. This would bring this cost to more than $1.8 trillion, an increase of almost 3% ($51 billion) over the previous year’s record level. However, the increase
The world economy will not have a tangible recovery in 2023, according to forecasts by the World Bank and the World Trade Organization (WTO). First and foremost, the World Bank’s latest World Economic Outlook forecasts global growth to slow to 2.9% in 2022, down from 5.7% in 2021.
Germany, through Make-IT, supports the creation of local and digital innovation ecosystems for inclusive and sustainable development in German Development Cooperation partner countries, thus enabling local actors to participate in the global economy. Broadly in line with the World Trade Organization (WTO), the regional Make-IT in Africa program