China Council for the Promotion of International Trade (CCPIT): The global economic and trade frictions and conflicts show a trend of high volatility and intensification
- Date: Feb 24, 2023
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China News Agency, Beijing, February 22 (Reporter Li Xiaoyu) The latest data released by the China Council for the Promotion of International Trade on the 22nd showed that the global economic and trade friction index reached 222 in December 2022, up 75 points from November that year and 145 points from the same period in 2021.
Yang Fan, a spokesman for the China Council for the Promotion of International Trade, said that this showed that the global economic and trade frictions and conflicts were highly volatile and intensified.
According to the data of CCPIT, the United States, the European Union, India and Brazil are the main countries and regions that cause global economic and trade frictions and conflicts.
In terms of the fields involved, it mainly includes electrical equipment and its parts, mechanical appliances and their parts, steel and iron products, grains, meat and fish, coffee and tea, edible fruits and nuts, etc.
From the perspective of sub-measures, the index of import and export restriction measures ranks first among the five categories of measures, followed by the index of technical trade measures, the index of trade remedy measures and the index of import and export tariff measures.
The “Global Economic and Trade Friction Index” is a trend monitoring index compiled by the CCPIT Economic and Trade Friction Legal Advisory Committee. This indicator covers five major areas: import and export tariff measures, trade remedy measures, technical trade measures, import and export restrictive measures and other restrictive measures.