Even before the trade war, President Xi Jinping's plan to turn China into one of the world's most advanced economies by 2050 was ambitious.

South Korea and the Philippines will hold a third round of free trade talks this week with the aim of striking a trade deal before November, Seoul's trade ministry said Sunday.

China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Vietnam’s trade in the short term.

Commerce Secretary Sardar Ahmad Nawaz Sukhera on Friday emphasised on the need of positive consideration from Australian side regarding Pakistan’s request for preferential treatment through preferential or Free Trade agreement (FTA) between both of the countries.

Despite the significant escalation in tensions between China and the United States this week, negotiators are still expected to convene in Washington in September for another round of trade talks, sources have said.

The country could be dragged into a trade conflict if a single case of goods forging Vietnamese origin is found.

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Britain's foreign minister on Thursday (Aug 8) pressed the European Union to amend the terms of Britain's EU withdrawal agreement, saying Brussels would have to take responsibility for a no-deal Brexit if it does not compromise.

Việt Nam will attract more foreign direct investment and boost its agricultural and fisheries exports through free trade agreements, experts have said.