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Japan and the Philippines signed a defense pact on Thursday that would allow the tax-free provision of ammunition, fuel, food and other necessities when their forces stage joint training to boost deterrence against China's growing aggression in the region and to bolster their preparation for natural disasters. Japan has faced increasing political, trade and security tensions with China, which was angered by Prime Minister Sanae Takaichi's remark that potential Chinese action against Taiwan could spark Japanese intervention. Japan and the Philippines have also had separate territorial conflicts with Beijing in the East China Sea and South China Sea that have continued to flare and threaten to draw in the United States, a treaty ally of the two Asian nations. Japanese Foreign Minister Toshimitsu Motegi signed the Acquisition and Cross-Servicing Agreement with Philippine Foreign Secretary Theresa Lazaro in Manila. During the ceremony, Japan also announced new security and economic ...
India on Wednesday underlined the need to take "positive steps" to create the right environment for improving ties with China as Foreign Secretary Vikram Misri hosted Sun Haiyan, a senior leader of the Communist Party of China (CPC), focusing on initiatives to rebuild the relations. Sun, the vice minister of the CPC's international department, is currently on a visit to India to explore ways to improve relations between the two countries. In the last few months, both sides have initiated a series of measures to reset their ties that came under severe strain following the deadly clashes between Indian and Chinese troops in Galwan Valley in June 2020. The military stand-off effectively ended in October 2024. In the meeting, Misri emphasised the importance of increasing understanding between the people of the two countries in order to rebuild ties and in this context, highlighted the need to "take positive steps to create the right environment for improved bilateral relations," the ..
China and the European Union said on Monday they have agreed on steps toward resolving their dispute over the bloc's imports of Chinese-made electric vehicles. A statement by China's Commerce Ministry said the EU would issue guidelines on minimum pricing for Chinese auto exporters. It did not directly mention if the deal involved an end to the tariffs of up to 35.3 per cent that the EU imposed on imports of Chinese EVs in 2024 following an investigation. This is conducive not only to ensuring the healthy development of China-EU economic and trade relations, but also to safeguarding the rules-based international trade order, a statement by the commerce ministry said. A guidance document released by the EU gives instructions for EV manufacturers on making price offers, including minimum import prices and other details. It said that wide variations in the types of vehicles made it necessary to set specific minimum import prices "appropriate to remove the injurious effects of the ...
China is gradually emerging as a major export destination for India, with shipments rising 33 per cent to USD 12.22 billion during April-November of the current fiscal, according to commerce ministry data. The data is signalling a structural shift in the bilateral trade relationship. The export increase was driven by products such as oil meals, marine products, telecom instruments and spices, the data showed. During April-November 2024-25, India exported goods worth USD 9.2 billion. It was USD 9.89 billion in Apr-Nov 2022-23, and USD 10.28 billion in 2023-24. The sharp jump to USD 12.22 billion in 2025-26 not only reverses last year's decline but also marks the highest level in the past four years, the data showed. In the electronics segment, the main items which registered growth during the first eight months included populated printed circuit boards (exports rose from USD 23.9 million to USD 922.4 million), flat panel display modules, and other electrical apparatus for ...
A week in which longtime tensions between neighbours China and Japan ratcheted up economically end politically drew to a close with no sign of improvements Friday as the Chinese ambassador in Tokyo rebuffed his host nation and the Japanese reported delayed shipments to suppliers in China because of the spat. The two developments capped a week where China made clear its displeasure with Japan by instituting new export controls, condemning what it called Tokyo's renewed militarism and cosying up to another regional neighbour, South Korea, during its leader's visit to Beijing. On Friday, the Chinese Communist Party's flagship newspaper, People's Daily, kept the jabs coming. New militarism will lead Japan back into the abyss, it said in an editorial. History serves as a stark warning, yet the Japanese right wing is repeating its old tricks. It was the latest in several days of pointed Chinese criticism toward Japan after its prime minister, Sanae Takaichi, suggested in November that sh