The British government would have no say over new trade deals if it was in a customs union with the European Union, a former head of the World Trade Organization has said.

New Zealand businesses will be no worse off, whatever the outcome of the Brexit process according to Prime Minister Jacinda Ardern after her meeting with UK Prime Minister Theresa May at 10 Downing St in London this morning (NZT).

The Vietnamese motorcycle market in 2018 broke its sales record set seven years ago with nearly 3.4 million units sold for a year-on-year increase of 3.5 percent.

Members of a landmark 11-nation Pacific Rim trade deal have signalled their openness to expand the agreement by taking in new members to form a stronger united front against the rise of protectionism.

Vietnamese Minister of Industry and Trade Tran Tuan Anh attended the first meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission in Tokyo, Japan, on January 19, together with ministers in charge of economy and trade from 10 other member nations.

Following a tumultuous week that saw the British House of Commons shoot down a withdrawal agreement between the EU and UK ahead of Brexit, the European Union is hoping to regroup after Brussels announced its proposals for the bloc’s negotiating tactics with the US over trade and which are focused on the removal of tariffs on industrial goods, excluding agricultural products.

Mr. Warrick Cleine, Chairman & CEO of KPMG in Vietnam and Cambodia, tells VET how the CPTPP will affect Vietnam's economy in terms of trade and investment.

A red-hot economy, business-friendly policies and a Communist Party led by free-traders - this is the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the trade war between the United States and China.

According to a document on the European Commissionʼs (EC) website, the EC proposed the opening of negotiations of an agreement with the U.S. on the elimination of tariffs for industrial goods.

European Commission adopted on Friday (18 January) negotiating mandates to eliminate tariffs in all industrial goods, including cars, with the US, but also warned that the preparations to retaliate are “very well advanced” if Washington decides to slap fresh duties on European automobiles.