China Council for the Promotion of International Trade: Global economic and trade frictions and conflicts have subsided
China News Agency, Beijing, May 30th (Reporter Li Xiaoyu) The latest data released by the China Council for the Promotion of International Trade on the 30th showed that the global economic and trade friction index in March was 147, a decrease of 92 points from the previous month and 583 points from the same period last year, indicating a decline in the trend of global economic and trade friction conflicts.
By country, Russia, India, the United States, Brazil, Indonesia, and the European Union were the main initiators of global economic and trade frictions and conflicts in March.
In terms of different fields, the global economic and trade frictions in March mainly involved various types of motors, electrical equipment, mechanical appliances, chemicals, as well as meat products, fruits and vegetables.
In terms of measures, the import and export tariff measures index in March ranked first among the five measures index, followed by the import and export restriction measures index, technical trade measures index, and other restrictive measures index, while the trade remedy measures index continued to be at a low level.
The "Global Economic and Trade Friction Index" is a trend monitoring index compiled by the Legal Advisory Committee on Economic and Trade Friction of the China Council for the Promotion of International Trade. 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. (End)