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Leveraging Trade as a Catalyst, Latin America Seeks to Boost Economic Growth

Economic Development, News

November 22, 2023

Latin America and the Caribbean have yet to fully tap into the potential of international trade, which is a crucial driver of growth for emerging market economies, according to a recent report by the International Trade Council. Despite some progress in trade openness, the region continues to face challenges such as inadequate infrastructure, cumbersome customs […]

Uruguay Strengthens Ties with China, Eyes Enhanced Trade Opportunities

China, International Trade, News

November 22, 2023

In a strategic move to expand its international trade relations, Uruguay has elevated its ties with China, aligning its level of engagement with that of its fellow Mercosur members, Brazil and Argentina. This development signifies Uruguay’s ambition to explore beneficial deals beyond its regional trade bloc, while China continues to deepen its connections in South […]

EU’s Trade Policy Boosts Growth and Sustainability in Developing Countries

Economic Development, Europe, News

November 21, 2023

The European Commission and the High Representative for the Common Foreign and Security Policy have jointly released an enlightening report on the Generalized Scheme of Preferences (GSP), revealing its significant role in fostering economic stability and sustainable development in low-income countries. Amidst global uncertainties, the GSP, the EU’s primary trade policy tool aiding developing countries’ […]

Sri Lanka and Thailand Forge Ahead with Trade Agreement, Boosting Economic Prospects

Economic Development, News, Sri Lanka, Thailand

November 21, 2023

In a promising development, Sri Lanka is set to finalize its free trade agreement (FTA) negotiations with Thailand by December, with plans to officially sign the agreement on February 3, 2024. This significant move comes as Sri Lanka actively seeks trade deals to stimulate economic growth and facilitate recovery from one of the most severe […]

Global Experts Convene to Enhance Supply Chain Resilience

News, Supply Chain

November 21, 2023

In a groundbreaking session held on November 21, experts from the World Trade Organization (WTO) and other international organizations gathered to delve into the concept of supply chain resilience. This meeting, the first in a series of thematic sessions, aimed to establish a comprehensive understanding of supply chain resilience, providing a platform for members to […]

China and France Discuss Deepening Economic Ties and Addressing Global Challenges

China, France, International Relations, News

November 20, 2023

In a significant phone conversation, Chinese President Xi Jinping and French President Emmanuel Macron engaged in talks aimed at deepening economic collaboration between their countries. President Xi expressed China’s keen interest in attracting more investment from French companies, emphasizing the desire for a balanced business environment that also favors Chinese firms in France.   The […]

Japan Enhances Role in Ukraine’s Economic Reconstruction Ahead of Key Conference

International Relations, Japan, News, Ukrain

November 20, 2023

In a pivotal move, Japan is intensifying its role in Ukraine’s post-conflict reconstruction, exemplified by a high-level visit to Kyiv by Japanese officials and business leaders. This visit sets the stage for an upcoming conference in Tokyo, aimed at bolstering Ukraine’s economic recovery.   Led by Kazuchika Iwata, State Minister of Economy, Trade and Industry, […]

UK and South Korea Initiate Trade Talks and Diplomatic Ties During President Yoon’s State Visit

International Relations, News, South Korea, United Kingdom

November 20, 2023

In a significant development in international relations, the United Kingdom and South Korea are set to commence negotiations on a fresh free trade agreement (FTA) and formalize a new diplomatic accord during the state visit of South Korean President Yoon Suk Yeol. This visit marks a momentous occasion, as it is the first state visit […]

Brazil’s Entry into WTO Civil Aircraft Agreement Boosts Trade Prospects

Brazil, Economic Development, News

November 17, 2023

In a significant development, Brazil has officially become a member of the World Trade Organization’s agreement on trade in civil aircraft. This move has been enthusiastically welcomed by Embraer, one of the world’s leading aircraft manufacturers, as it paves the way for tariff-free imports of vital components from fellow member states.   The approval of […]

United States Extends Strategic Partnership with STDF Until 2028 to Promote Safe Trade

Agricultural Trade, News, United States

November 17, 2023

In a significant commitment to global trade facilitation, the United States Department of Agriculture (USDA) has entered into a five-year agreement with the Standards and Trade Development Facility (STDF), pledging financial support from 2023 to 2028. This partnership reflects the USDA’s dedication to aiding developing countries in meeting international food safety, animal health, and plant […]

Norway Supports Global Fisheries Sustainability Through WTO Funding Mechanism

International Relations, News, Norway

November 17, 2023

Norway has reaffirmed its commitment to global fisheries sustainability by contributing NOK 9 million (approximately CHF 730,500) to the WTO Fisheries Funding Mechanism. This financial support is aimed at assisting developing and least-developed member countries in effectively implementing the Agreement on Fisheries Subsidies.   Norway’s WTO Ambassador, Petter Ølberg, presented this generous contribution to WTO […]

Ukraine’s Black Sea Corridor Facilitates Vital Trade Amidst Challenges

News, Ukrain

November 17, 2023

In a recent update, Ukraine reports that its newly established Black Sea shipping corridor, operational since August, has witnessed significant activity, underscoring its importance in the region’s trade landscape. According to information from the Interfax-Ukraine news agency, a senior government official shared the latest developments.   Since its inception, a total of 151 ships have […]

Biden Advocates for Enhanced Workers’ Rights and Stable US-China Relations at APEC Summit

China, International Trade, News, United States

November 16, 2023

At the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, President Joe Biden emphasized his commitment to furthering a Pacific trade pact, focusing on workers’ rights and maintaining stable relations with China. Addressing top corporate executives, Biden expressed determination to continue promoting trade that prioritizes strong labor standards.   Despite challenges in aligning the […]

Landmark Nuclear Deal Signed Between the United States and the Philippines

International Trade, News, Philippines

November 16, 2023

In a historic move, the United States and the Philippines have inked a groundbreaking agreement that opens the door for Washington to export nuclear technology and materials to Manila. This landmark deal signifies the Philippines’ exploration of nuclear power as a means to decarbonize its energy sector and enhance energy independence.   U.S. Secretary of […]

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