China, Romania DTA enters into force

China's instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax

Romania’s Ministry of Finance announced on 18 May 2026 that it has supported an amendment adopted in the Budget-Finance Committee of the Chamber of Deputies, which simplifies the rules for using the RO e-Invoice system. The amendment, which

The US and China are moving toward a new approach in their trade relationship, with both nations expected to identify approximately USD 30 billion worth of goods for potential tariff reductions. A new pragmatic strategy US Trade Representative

According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union's imposition of definitive countervailing duties on

China has introduced sweeping regulations to bolster its economic defences and counter what it views as foreign overreach, marking a significant escalation in tools available for US-China competition. New supply chain controls target foreign

President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing on 14-15 May 2026 is expected to introduce a fundamental change in how the US manages its economic relationship with China. The proposed Board of Trade