The European Union (EU)’s opposition to the US Inflation Reduction Act (IRA) has become a serious trade dispute between the two sides of the Atlantic. Although the US affirmed that its support for green industry would not aim to harm the EU, the tensions related to this issue are at risk of causing a significant rift in the alliance.
When the wounds caused by the COVID-19 pandemic have not yet healed, the world economy has been continuously subjected to a series of shocks including inflation, energy crisis, supply disruptions, and the risks of public debt. These dark clouds are casting a shadow over the prospect of recovery and growth, of the world economy in the coming time.
The inflation storm continues to be severe in the major economies of Southeast Asia and threatens the region's prospects for economic recovery following the COVID-19 pandemic.
Vietnam values its relationship with Canada and hopes to work together to strengthen their comprehensive partnership for mutual benefit, contributing to peace, stability, and prosperity in the Asia-Pacific and globally, National Assembly Vice Chairman Nguyen Duc Hai told Canadian Ambassador to Vietnam Perry Shawn Steil.
