World News in Brief: March 14

Wednesday, 2018-03-14 06:53:02
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The global economy will see its strongest growth in seven years in 2018 thanks to a rebound in trade and investment, the OECD said on March 13, while also warning a trade war could threaten the improved outlook.

Updating its outlook for G20 economies, the Organisation for Economic Cooperation and Development raised its global growth forecast for both 2018 and 2019 to 3.9 percent - the highest since 2011 - from a previous estimate of 3.6 percent for both years.

* The Korea Chamber of Commerce and Industry (KCCI) is preparing for possible contact with the Democratic People's Republic of Korea (DPRK) Chamber of Commerce amid a mood of detente on the Korean Peninsula, sources said on March 13.

* More than 17,000 police officers and members of the Federal National Guard Troops Service, private security agencies and voluntary people’s guards will provide security in Moscow during the Russian presidential election on March 18, Moscow’s police authorities told TASS.

* US President Donald Trump toured the US border with Mexico on March 13 and examined eight styles of walls, prototypes for the barrier he promised to build to keep out illegal immigrants and drugs.

He told reporters that the border wall is truly “our first line of defense".

* Mexico's Economy Minister Ildefonso Guajardo said on March 13 that the next round of talks between Mexico, the United States and Canada to renegotiate the North American Free Trade Agreement (NAFTA) is "tentatively" scheduled for April 8.

The next round of talks are due to be held in Washington, after negotiators wrapped up the seventh round in Mexico City earlier this month.

* UN Secretary-General Antonio Guterres will travel to Rome for a conference in support of the UN agency for Palestinian refugees, said his spokesman Stephane Dujarric on March 13.

The conference on March 15 is intended to support a collective international response to the agency's funding deficit of nearly half a billion US$ as a result of US President Donald Trump's sudden steep cut in his country's contribution.

* The European Union's Brexit negotiator Michel Barnier hammered home again on Tuesday that Britain would not retain its current privileges, including on trade, once it leaves the bloc.

The EU and Britain are hoping to seal a deal this month on a transition period after Brexit, and start talks on their future relationship this spring.

Reuters, Xinhua,TASS