Package
in sentence
903 examples of Package in a sentence
Although the Trade Facilitation Agreement – dubbed the “Bali package,” after the Indonesian island where the meeting took place – did not address the most pressing North-South trade issues, it remains an important economic and political milestone.
The Bali
package
commits WTO members to moving toward lowering non-tariff trade barriers – for example, by establishing more transparent customs regulations and reducing trade-related paperwork.
Even the modest Bali
package
was touch and go, requiring an extra day of negotiations to reach agreement on contentious issues like Indian farm subsidies and the US embargo of Cuba.
The expected US growth spurt would be driven by the economic stimulus
package
described in President Donald Trump’s election campaign.
Furthermore, in China’s economy stimulus package, 210 billion yuan is allocated for energy conservation, pollutants reduction, and ecosystem protection projects, 370 billion yuan for economic structural adjustment and technology renovation, and 400 billion yuan for new energy-efficient housing that will use environmentally friendly materials.
Even before the current diplomatic controversies, China’s leaders were gleefully drawing attention to how much more effective their stimulus
package
had been than Obama’s in countering the negative effects of the financial crisis.
The purpose of the entire
package
is to avoid a full-scale default and allow the country to complete its financial adjustments without overly unsettling financial markets.
Many European countries cannot afford a stimulus package, owing to overstretched public finances, and instead want to make progress on the international regulation of banking.
The new summit is unlikely to produce either a coordinated stimulus
package
or a detailed blueprint for a foolproof system of financial regulation.
I am pleased that the UK government has agreed with this view and has committed to full consultation with pension-scheme members and their representatives over the detailed shape of this reform
package.
At one of the tensest moments, as Cyprus was seeking an alternative rescue
package
from Russia, the German Bundesbank announced the results of a new European Central Bank study indicating that average German wealth was lower than in the southern European states, largely because fewer Germans own their own houses.
A massive government subsidy
package
also accounted for domestic calm.
This partly explains not only why democracies such as India and Brazil lag behind China in infrastructure, but also why China is focusing its new stimulus
package
on transport systems (railroad projects alone will receive more than half of the $586 billion stimulus).
Indeed, even after the new stimulus package, China will still depend on investment and export for growth.
The International Monetary Fund will certainly require Ukraine to reform its gas and coal subsidies as a precondition for implementing its
package
of financial support (of which a substantial contribution comes from the European Union).
In it, I called for a much stronger stimulus
package
than the one President Barack Obama eventually proposed.
Impoverished farmers should receive a free
package
of seeds, fertilizers, and low-cost equipment (such as pumps for irrigation).
So far, such allocations have been made only three times, in 1970-72, in 1979-81, and in 2009, with the latter allocation, amounting to $250 billion, being part of the recovery
package
adopted by the G-20 to manage the global financial crisis.
China’s government is divided on a number of matters, but there is a strong, sharp-edged consensus that social stability is at risk unless a robust stimulus
package
emerges to stave off further job loss.
Data on the scope of the stimulus
package
– for example, investment per province or the number of new projects versus those that more cash would restart or reinvigorate (and these projects versus those that would be shut down) – are difficult to determine.
The real danger of the new stimulus
package
is not ideological but environmental.
Now, with the Party’s ability to manage the economy seemingly at stake, its stimulus
package
implies a green light to bypass environmental regulations if jobs or growth targets are in jeopardy.
Nearly every industrial sector that, according to the stimulus package, deserves direct and immediate government support is energy-intensive and polluting (cement and steel, for example) or heavily managed by the state sector, and therefore missing incentives to balance growth with environmental protection (as is the case with the oil industry).
If these three steps – an ECB bond-buying program to hold down sovereign interest rates, concrete progress on establishing a real economic union, and realistic revision of current adjustment programs – could be achieved as a package, the resources that the ECB would need to use for its bond purchases would drop, because credibility would be restored.
The European Commission pledged 530 million euros for projects under the Quick Start
package.
Reagan described this tax package, combined with a larger effort to deregulate the economy, as a supply-side policy, when it was actually the largest Keynesian stimulus program in history (at the time).
The uptick in interest rates has been accelerating since the summer of 2017, when it became clear that the tax
package
would pass.
But, while the country barely met the official target of 7.5% annual GDP growth in the second quarter of this year – generating significant anxiety worldwide – China’s government seemingly remains calm, showing no indication that it plans to launch yet another stimulus
package.
In 2008, when the Landesbanks were found to be full of American subprime mortgages, the German government bailed them out with a €500 billion ($650 billion) rescue
package
at its taxpayers’ expense.
Moreover, their debt could be ring-fenced with a larger
package
of EFSF resources and/or with the issuance of Eurobonds – a further step towards European fiscal integration.
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