In fairness, the actual story consists of:
Korean exports to China fell 10.9% in the first year of a free trade deal between the two countries. Chinese exports to Korea fell just 4.8%.
On October 22, Donald Trump published his work programme for the first hundred days of his Presidency.
Practically every observer thought Hillary Clinton would win the US Presidential election this morning. Most went on to predict her mild hostility to further trade liberalisation meant the short-term prospects for global trade would be looking uncertain by now.
Donald Trump, though, has been consistent and unambiguous about his trade policy.
India announced on August 5 that it had decided “to defer for the present” the resumption of free trade negotiations with the EU over a dispute about pharmaceutical exports.
Though possibly temporary, the May 12 US Senate rejection of a proposal to speed up approval of the Trans-Pacific Partnership (TPP) also imperilled progress on other key trade issues – such as renewing of the AGOA programme, which expires on September 30. By late May 13, Senate deals seemed to offer greater likelihood of progress.
Vietnam’s state-controlled media continued to claim April 25 talks between the EU’s Trade Commissioner, Cecilia Malmström, and her Vietnamese opposite number would “speed up an FTA.” But no European authority or publication carried similar claims from the European side. A clear announcement from the Europeans that it planned to reconvene talks with the whole ASEAN region on a wider agreement might indicate European diplomats are losing interest in talks with Vietnam alone.
EU free-trade negotiators with Vietnam sounded very uncertain in February about a speedy agreement.
Korea and China initialled a Free Trade Agreement on February 25, the Korean Ministry of Trade said, adding “The two countries’ governments have agreed to work for official signing…within the first half of 2015.”
Turkey’s Prime Minister boasted on February 17 he would work to finalise a Free Trade Agreement with Pakistan by June 2015 – but neither he nor his Pakistani colleague mentioned Turkey’s crippling duties on Pakistan’s textile exports. A Pakistani claim of a “‘Turkish Exclusive Special Economic Zone’ seems equally unfounded.
The EU is “looking for the Indian authorities to define their position” on further negotiations about and EU-India free trade deal, and “the ball is in India’s court” to signal whether it wants to continue, said the EU’s ambassador to India on February 18.
“Vietnam and the European Union (EU) concluded the 11th and the last round of free trade agreement negotiations in Brussels” on January 24, Vietnam News Agency (VNA) reported. “The bilateral FTA is expected to be signed as scheduled,” Luong Hoang Thai , Director of the Ministry of Industry and Trade’s Multilateral Trade Policy Department, told the uninquisitive VNA.
Ceferino Rodolfo,Industry Development and Trade Policy assistant secretary at the Philippines’ Department of Trade and Industry, told a local audience on January 22 that his colleagues “ are going to start negotiations by March of this year” with the EU on a possible Free Trade Agreement.
The President of the European Commission and the Vietnamese Prime Minster issued a statement on October 13 that makes it virtually certain their negotiators will not come to an agreement in 2014.