JAPAN PHARMACEUTICAL ASSOCIATION OPPOSES TEMPORARY WAIVER OF PATENT ON VACCINE

Highlights –

• Japan pharmaceutical association opposes temporary waiver of patent on vaccine.
• It opposed U.S support for the temporary waiver of coronavirus vaccine patent rights.
• WTO is currently discussing the waiver of patent rights...

YOSHIHIDE SUGA ADRESSED HIS 1ST UN GENERAL ASSEMBLY AS THE NEW PM OF JAPAN

Highlights –

• Yoshihide Suga addressed his 1st UN General Assembly as the new PM of Japan.
• Suga mentioned the significance of multilateralism and free trade.
• He vowed to promote WTO reform and free trade agreements with other countrie...

U.S.A TO HOLD OFF HIKE IN TARIFFS WORTH $7.5 BILLION ON EUROPEAN AND UK GOODS

Highlights –

• U.S.A to hold off the hike in tariffs worth $7.5 billion on European and UK goods.
• The U.S had threatened the latter with a hike in tariffs over subsidies for Airbus.
• Last year the U.S had raised border taxes on more tha...

GERMANY PREPARES FOR NO DEAL BREXIT

HIGHLIGHTS

• It appears that trade differences between Germany may not resolve before Brexit deadline ends.
• German industry leaders fear that Brexit talks with the UK may fail.
• German industry leaders are worried that it is "almost inevi...

JAPAN’S FOREIGN MINISTRY TEAM HANDLING TRADE DISPUTE CASES TO UNDERGO CHANGES

Highlights –

• Japan’s foreign ministry team handling trade dispute cases to undergo changes.
• The team handles cases that are brought to the World Trade Organization.
• The team will be replaced by a new one in the International Leg...

JAPAN TRADE MINISTRY WANTS TO REVAMP SUPPLY CHAINS

HIGHLIGHTS

• The operations of global supply chains have come to a halt due to coronavirus pandemic.
• The Japanese Ministry of Economy, Trade and Industry wants to revamp the supply chains.

The coronavirus pandemic has halted the operat...

SOUTH KOREA TO COUNTER JAPAN TRADE CURBS BY REOPENING WTO COMPLAINT

HIGHLIGHTS

• South Korea has reopened the complaint against Japan at WTO.
• South Korea wants to challenge the curbs that restrict Japanese technology exports to South Korean companies.
• Due to mutual settlement regarding some unrelated trade di...

Duterte stern about the travel ban, Taiwan plans countermeasures

Philippines president Rodrigo Duterte has rejected the request of Taiwanese officials to lift the travel ban on Taiwanese citizens from visiting Philippines, the president claimed that the ban was a precautionary measure to contain the widespread of Coronavirus.

Taiwan has made it clear...

Japan and Korea Trade Dispute

The continuously worsening conditions of the trade spat between Japan and Korea are indicating no signs of a solution as the two rounds for resolving the disputes that were initiated by Japanese export curbs failed to reach ground.

Both the neighboring countries held a second round of t...