Monkey china

Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties. Photo: Le Toan In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold. Fitch Solutions under global ratings firm Fitch Group told VIR in a statement that Vietnamese trade would receive a surefire boost should new Biden decide to rejoin the CPTPP. “Biden stated in 2019 that the US should renegotiate parts of the CPTPP and re-assemble a coalition to counterbalance China’s perceived expansionist policies. The Trump administration withdrew from the original deal in 2017 under the pretext that it would harm US workers. A scenario where the US rejoins the CPTPP would deliver substantial tailwinds to Vietnamese exports to the US from lower tariffs in major export categories,” Fitch said. In fact, the CPTPP may offer great windfalls to the US. Statistics from law firm Duane Morris Vietnam LLC showed that the population of the CPTPP countries exceeded 513 million people as of October 2020. The CPTPP countries account for nearly 45 per cent of US total exports and 37.6 per cent of US general imports in 2014. By cutting over 18,000 taxes in regards to CPTPP, there would be a great benefit for American importers and exporters by enabling them to enter new markets. As the United States International Trade Commission estimates, the US exports of goods and services to the world would expand by $27.2 billion by 2032 thanks to the CPTPP, while US imports would expand by $48.9 billion. Oliver Massmann, general director of Duane Morris Vietnam LLC, pointed out …

[Read more...] about Fresh dawn kindles for US-Vietnam relationship

New US President Joseph R. Biden was sworn in with his wife Jill Biden by his side, photo: AFP Last Wednesday many Americans breathed a sigh of relief as Joe Biden was sworn in as the 46th US President without any further incident from those who believe the election was “stolen” from former President Donald Trump. Instead of attending the ceremony as is tradition, Trump and his family took one last trip on Air Force One to Florida, where he will be based until the former reality TV star decides whether to run for president again in 2024 – or perhaps even endorse a family member for the post. Alongside Biden, Kamala Harris was sworn in as vice-president, becoming the first woman in American history – as well as the first woman of African-American and South Asian descent – to take on the role. “Few people in our nation’s history have been more challenged or found a time more difficult than the time we’re in now,” Biden said in his inauguration speech. He vowed to dedicate his “whole soul” to rebuilding a country battered by disease, economic turmoil, racial inequality, and political division. The 78-year-old certainly has his work cut out for him, but he rushed into action to put his stamp on the presidency by signing a raft of executive orders within hours of entering the White House. Biden signed a letter retracting Trump’s decision to leave the World Health Organization, which would have been effective in July. There was widespread criticism and an almost complete lack of international support last year for Trump’s move in the midst of a pandemic. In the most noteworthy but also most unsurprising move, the US is to be reinstated to the Paris climate agreement. The accord, which looks to curb the heating of the planet, will be much boosted by the return of second-largest emitter of greenhouse gases in the world. Biden has previously warned that climate change poses the “greatest threat to the country”, which was battered by record wildfires and …

[Read more...] about Domestic strife dampens US foreign policy

US President Joe Biden(C) leaves Holy Trinity Catholic Church in the Georgetown neighborhood of Washington,DC on January 24, 2021. Joe Biden has begun his presidency with sharp breaks from Donald Trump in both substance and tone, from climate change to immigration to a general openness to working with the rest of the world.(Nicholas Kamm / AFP) Biden will also on Monday extend the ban to travelers who have recently been to South Africa amid warnings that new, more transmissible coronavirus variants are already establishing themselves in the United States, the official said, confirming US media reports. The new president last week tightened mask wearing rules and ordered quarantine for people flying into the United States, as he seeks to tackle the country's worsening coronavirus crisis. Biden has said that the Covid-19 death toll would likely rise from 420,000 to half a million next month -- and that drastic action was needed. "We're in a national emergency. It's time we treated it like one," he said on Thursday. In his last days in office, Donald Trump announced that a Covid-19 ban on travelers arriving from much of Europe and Brazil would be lifted -- but the Biden administration immediately said it would reverse the order due to come into effect on January 26. Trump had announced an initial ban on January 31, 2020 on non-American travelers entering from China to try to stop the spread of the coronavirus. The ban was extended to European countries on March 14 as the pandemic entered full force. More than 25 million Covid-19 cases have been recorded in the US since the pandemic began, according to the Johns Hopkins University tally on Sunday. The milestone was reached only five days after the US, the world's wealthiest and hardest-hit nation, recorded 400,000 deaths from the disease. Biden has made fighting the coronavirus a priority and is pushing for Congress to approve a $1.9-trillion relief package that would include billions of dollars to …

[Read more...] about Biden to reinstate Covid travel bans: White House official