The trend comes in part from the U.S.-Mexico-Canada Agreement (USMCA), which took effect in July 2020 as a replacement for the North American Free Trade Agreement.
Lower oil prices and concerns about slower economic growth globally have weighed on the market, and the MSCI GCC Countries Index has fallen almost 13% in the past year.
Negotiators would reportedly like to announce an agreement regarding Indo-Pacific trade talks at a meeting of ministers taking place in Detroit on May 27.
Britain plans to focus its investments on areas where the nation already has an advantage like research and design, according to Prime Minister Rishi Sunak
Through the first four months of 2023, the Port of Los Angeles processed over 2.5 million TEUs, a 29% drop-off compared to the first four months of 2022.