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Miniature Trade Deals Won't Serve India's Interests

India’s free trade agreement aspirations remain insufficiently ambitious. That’s because they don’t align practice with sound economic or national security theory. The proposed FTAs lack ambition. They don’t restrain protectionist domestic economic constituencies or synthesise with India’s national security interests, writes Raj Bhala.
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'Dollar reserves in SL plummet drastically, putting the economy in jeopardy' – The Island

By Steve A. Morrell Sri Lanka’s dollar reserves have declined from $ 7.15 billion in 2019 to $ 2.8 billion currently. The President conceded economic failures although reasons for such failure were not explained, chairman, National Chamber of Industries (CNCI) Canisius Fernando said. Fernando added recently at a forum: “Forex reserves are insufficient to expedite […]
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Source: island.lk

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United States: US Court of International Trade declares Section 232 steel and aluminum tariffs on 'derivative' products invalid and orders refunds the tariff

Global Compliance News July 4, 2021 3 Mins Read Share In brief On 5 April 2021, the US Court of International Trade (Court) issued a significant ruling that overturns a portion of the Section 232 tariffs imposed by President Trump under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. §1862). The decision affects the duties imposed on US imports of steel and aluminum “derivative” products but not the more general steel and aluminum tariffs. The Court found that Preside...
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