A New Free Trade Agreement Between Peru and European Countries
The New York Times reports that Peru has recently signed a Free Trade Agreement with four European countries, Switzerland, Norway, Iceland and Liechtenstein.
Compared to last year, Peruvian imports and exports are more than a billion U.S. dollars in trade with these four countries, and Peruvian exports has risen by 18 percent .
The new trade agreement will benefit the fishing and industry sector in Peru.
To read more, click here.
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Who Are the Biggest Trade Complainers?
The Economist received published an article with statistics about which country files the most complaints to the World Trade Organization(WTO)…and who receives the most trade complaints. Here’s what they found.
The United States and the European Community(a.k.a. European Union) are number one and number two for both filing the most complaints and receiving the most complaints. Rounding out the top five for the World Trade Organization members, who file the most compliants are:
5. Mexico
4. Brazil
3. Canada
2. European Community
1. United States
Thoses members, who are subject to the most trade complaints are:
5. Argentina
4. China
3. India
2. European Community
1. United States
Many of these disputes vary such as export curbs to the latest import ban of seal products from Canada. According to the article, more of the wealther nations tend to file complaints to the WTO dispute settlement body compared to other members.
To view the full lists, click here.