South Korea and Mongolia have agreed in principle on a Comprehensive Economic Partnership Agreement (CEPA), paving the way for enhanced trade and investment. The deal will see tariffs eliminated on over 90% of bilateral imports, including Mongolian minerals and Korean consumer goods.
Philippine Undersecretary of Trade and Industry Allan Gepty states that the Putin-Marcos meeting in Kazan will positively impact global perception and stimulate economic partnership between Russia and the Philippines.
China's Ministry of Commerce announced a two-year zero-tariff policy for 53 African countries starting May 1, 2026, aiming to boost trade and potentially increase RMB usage. This initiative is part of China's commitment to high-level opening-up and implementing Forum on China-Africa Cooperation outcomes.
Canada navigates diplomatic relations with both China and the US, emphasizing economic autonomy and sovereignty, with trade heavily favoring the US.
Russia and the Philippines are strengthening their economic partnership despite Western sanctions, according to Russian Deputy Foreign Minister Georgy Borisenko. He highlighted the effective work of the intergovernmental commission on trade and economic cooperation.
Russia anticipates the EAEU-UAE economic partnership agreement to take effect by the end of 2023, aiming to enhance trade quality and balance, following a 50% increase in trade turnover to $14 billion in 2022.
Russia has finalized the ratification of the economic partnership agreement between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE). Signed in June 2025, the deal establishes a preferential trade regime for over 85% of goods and fosters cooperation in areas like customs, e-commerce, and transport.
China and Papua New Guinea signed an agreement on May 21 to enhance their economic partnership, aiming to expand bilateral trade, attract investment, and deepen cooperation in global supply chains.
Russia's State Duma has ratified the EAEU-UAE economic partnership agreement, signed in June 2025, which establishes preferential trade regimes for over 85% of goods and deepens cooperation in multiple economic areas.
Hanwha Group signed a memorandum of understanding with Alberta's provincial government in Edmonton on Tuesday to establish a comprehensive economic partnership covering energy, defense and shipbuilding. The agreement supports Hanwha Ocean's bid for Canada's Canadian Patrol Submarine Project, a $40.6 billion program to procure up to 12 diesel-electric submarines, competing against Germany's Thyssenkrupp Marine Systems.
