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Chinese scientist pleads guilty over theft of US trade secrets

A Chinese national has pleaded guilty to conspiracy to commit economic espionage after he was accused of attempting to steal trade secrets from American agrochemical company Monsanto while residing in the US. Xiang Haitao, 44, “conspired to steal a trade secret” from the company “for the purpose of benefiting a …

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The world’s largest trade pact is a game-changer for China

​​With the coming of the new year, the Regional Comprehensive Economic Partnership (RCEP) trade agreement came into force. Signed at the end of 2020, and ratified by at least 10 of its parties through 2021, the deal constitutes the largest free trade agreement in history, spanning 30% of the world’s …

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Biden signs limited China trade ban

The Uighur Forced Labor Prevention Act accuses China of keeping “as many as 1.8 million” Uighurs, Kazakhs, Kyrgyz, and members of other Muslim minority groups “in a system of extrajudicial mass internment camps” in the Xinjiang Uighur Autonomous Region. Once the legislation comes into force, all goods that can be …

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Erdogan ousts ‘Made in Turkey’ to boost trade as lira plummets

All Turkish goods intended for export are now to be labeled “Made in Türkiye” instead of the previously used “Made in Turkey.” “Türkiye” will also be used in correspondence with the country’s foreign partners, including states and organizations. The move comes as part of “the complex step reflecting the rich …

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Prepare for not-so-jolly Christmas tree prices, trade group warns

The American Christmas Tree Association (ACTA), which represents artificial tree producers, has released statements recommending people order their trees early as supply chain issues could lead to long delays, as well as price increases.  According to the ACTA, artificial tree shipping costs could triple over last year, thanks to artificial …

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Crypto trade is HARAM, largest Muslim nation’s religious council rules

The Indonesian Ulema Council, known locally as the MUI, issued the anti-crypto fatwa on Thursday, with Asrorun Niam Sholeh, the org’s head of religious decrees, stating they exhibit “elements of uncertainty, wagering and harm,” likening them to gambling, Reuters and Bloomberg reported. Though the MUI’s decrees are not legally binding, …

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