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HomeDaily NewsFriday, September 19, 2025Nations Engage in Bilateral and Multilateral Trade Discussions - September 2025
Business & Economy3 stories from 1 sources

Nations Engage in Bilateral and Multilateral Trade Discussions - September 2025

Canada and Mexico have agreed to deepen their trade and security ties following a meeting in Mexico City between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum. This move is seen as a response to rising economic pressure from the United States. In Africa, the upcoming 24th Common Market for Eastern and Southern Africa (COMESA) Summit in Nairobi will focus on digitization and cross-border trade. Meanwhile, a potential deal regarding TikTok's US operations is nearing, with US President Donald Trump and Chinese President Xi Jinping set to discuss terms. This agreement, which could be a "rare breakthrough" in US-China trade negotiations, may involve selling TikTok's US business to a consortium of American firms.

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Friday 12:31 PMCapital Business

Canada and Mexico agree to deepen ties amid Trump trade war

Canada and Mexico agree to deepen ties amid Trump trade war

Canada and Mexico have agreed to deepen their trade and security ties, a move seen as a response to rising economic pressure from the United States. This renewed cooperation follows a meeting in Mexico City between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum.

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Key Highlights

Canada and Mexico have agreed to deepen their trade and security ties, a move seen as a response to rising economic pressure from the United States. This renewed cooperation follows a meeting in Mexico City between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum.

  • Trade between Canada and Mexico was valued at C$56bn ($40.5bn; £30bn) in 2024.
  • The United States has imposed tariffs, including 50% on Canadian steel and a 25% "fentanyl tariff" on Mexico.
  • The United States-Canada-Mexico (USMCA) free trade agreement is up for review in 2026.
Friday 8:31 AMCapital BusinessFirst

Digitization, cross-border trade top agenda for COMESA Summit in Nairobi

Digitization, cross-border trade top agenda for COMESA Summit in Nairobi

The upcoming 24th Common Market for Eastern and Southern Africa (COMESA) Summit in Nairobi will focus on digitization and cross-border trade.

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Key Highlights

The upcoming 24th Common Market for Eastern and Southern Africa (COMESA) Summit in Nairobi will focus on digitization and cross-border trade.

  • The summit, scheduled for November 7–9, aims to deepen regional integration, strengthen value chains, and boost sustainable economic growth.
  • Kenya's Investments, Trade and Industry Cabinet Secretary Lee Kinyanjui emphasized the role of digital tools in enhancing competitiveness and facilitating cross-border trade, citing Kenya’s successful mobile money and fintech ecosystem as an example of innovation driving inclusion.
  • The summit will address persistent non-tariff barriers hindering intra-regional trade, despite the existence of the COMESA-EAC-SADC Tripartite Free Trade Area.
Friday 8:32 AMCapital Business

China is calling a TikTok deal a win. What’s in it for them?

China is calling a TikTok deal a win. What’s in it for them?

A potential deal over TikTok's US operations is nearing, with US President Donald Trump and Chinese President Xi Jinping set to discuss terms. This agreement could see TikTok's US business sold to a consortium of American firms, representing a potential "rare breakthrough" in US-China trade negotiations.

Read Story

Key Highlights

A potential deal over TikTok's US operations is nearing, with US President Donald Trump and Chinese President Xi Jinping set to discuss terms. This agreement could see TikTok's US business sold to a consortium of American firms, representing a potential "rare breakthrough" in US-China trade negotiations.

  • The core of the dispute is TikTok's proprietary algorithm, which China's ByteDance is reportedly willing to license, but not outright transfer, to a US company.
  • The deal could involve American firms including Oracle, Andreessen Horowitz, and Silver Lake.
  • US Treasury Secretary Scott Bessent, leading the US negotiating team, stated the user experience would remain the same, albeit with "Chinese characteristics."
  • While the deal is seen as a "win-win" by Chinese state media, there are concerns among US lawmakers regarding potential continued Chinese government influence and control.
  • ByteDance's global revenue in 2024 is estimated at $39 billion, with TikTok contributing $30 billion.
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