Local Production in Venezuela Triple the Price of Imports

Producing items in Venezuela is three times more expensive than manufacturing them, according to a report this week from the Venezuelan Confederation of Industrialists (Confindustria). The cost of production versus importation is reflected in shops and factories across the crisis-stricken country, most of which have been filled with imported products as it is more cost-effective. This […]

Nancy Pelosi, White House have tentative deal on new NAFTA, insiders say 

The Trump administration and House Democrats have a tentative deal on the U.S.-Mexico-Canada trade agreement, according to people familiar with negotiations, paving the way for congressional approval as early as this month even as Democrats prepare to impeach the president. Speaker Nancy Pelosi is reviewing changes to the agreement that U.S. Trade Representative Robert Lighthizer […]

EU ministers criticize recent memorandum between #Libya and #Turkey on the #EasternMediterranean

Turkish President Recep Tayyip Erdogan and Fayez al-Sarraj, chairman of the Presidential Council of Libya Arriving at today’s (9 December) EU Foreign Affairs Council, Josep Borrell Fontelles, EU High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission was asked about the recent memorandum between Turkey and Libya that would give […]

Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to steady hand

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One. Poloz was plucked from relative […]

USMCA: Ratification is getting there but ‘difficult issues’ remain

The push to ratify a new North American trade pact is “getting there” Mexico’s top negotiator says, though some “difficult issues” remain as U.S. Democrats continue to insist on stronger labour enforcement. Jesús Seade, Mexican Undersecretary for North America, met with Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland in Ottawa Friday, as […]