Trump plans US exit from international postal treaty by Staff Writers Washington (AFP) Oct 17, 2018 The Trump administration announced Wednesday that it plans to withdraw from an international treaty on postal rates in another moved aimed at pressuring China amid broader trade and political disputes. The United States intends to exit the system of setting postal rates for smaller packages under the Universal Postal Union "as soon as practical" and no later than Jan. 1, 2020, said a statement released by the White House press secretary. The United States will also file notice formally withdrawing from the union, which dates to 1874, the statement added. The UPU, which comprises 192 countries, sets lower prices for small packages coming from emerging and developing countries, a group that still includes China. The UPU, which is based in Berne, Switzerland, confirmed that it received official notice of the US plans. UPU Director General Bishar Hussein "regrets" the decision and will seek to meet with US representatives to "further discuss the matter," the UPU said in a press release. "The UPU remains committed to attainment of the noble aims of international collaboration by working with all its 192 member countries to ensure that the treaty best serves everyone," Hussein said. The Trump administration's decision to exit the agreement was pushed by White House advisor Peter Navarro, according to The New York Times. Navarro has encouraged Trump to crack down on China on a variety of trade and political questions that he has argued are disadvantaging the US at China's expense. In August, a White House memorandum to the Secretary of State and other top officials said that under the UPU, the US is often "not fully reimbursed by the foreign postal operator" for delivering foreign-origin items "which can result in substantial preferences for foreign mailers relative to domestic mailers." Under Wednesday's announcement, the US State Department will seek new bilateral and multilateral agreements that address Trump's criticism. "If negotiations are successful, the Administration is prepared to rescind the notice of withdrawal and remain in the UPU," the statement added.
US trade spat needs 'constructive solutions': China central bank Nusa Dua, Indonesia (AFP) Oct 14, 2018 China's central bank governor Sunday sought to cool the temperature on a brewing trade-and-currency war with the United States, calling for "constructive solutions" as the spat threatens to knock the world economy. Speaking on the last day of the IMF-World Bank annual meetings in Bali, Yi Gang warned that the stakes could hardly be higher and cautioned that a clash between the world's two biggest economies was a "lose-lose" situation. "Trade tensions...cause negative expectations, negative uncer ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |