Author Archive

Türkiye Launches Free Trade Agreement Talks with GCC

August 1, 2024

Türkiye’s Trade Ministry has announced the start of negotiations for a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC). The first round of talks was held in Ankara, marking a key step in this major trade initiative. In March, the Trade Minister and the GCC Secretary-General signed an agreement to kick off […]

South Africa’s Strategy for Economic Growth Focuses on Manufacturing and Export Expansion

Economic Development, News, South Africa

August 1, 2024

Deputy Minister of Trade, Industry, and Competition, Andrew Whitfield, has emphasized the critical importance of manufacturing and export expansion for South Africa’s economic development. Speaking during a recent Budget Vote debate in the National Council of Provinces (NCOP), Whitfield highlighted the need for a manufacturing-centered approach to enhance economic stability and job creation. Whitfield outlined […]

Afghanistan’s Trade Data Reveals $1.8 Billion in Exports and $8 Billion in Imports, Signaling Trade Imbalance

Afghanistan, International Trade, News

August 1, 2024

On July 31st, Afghanistan’s Ministry of Industry and Commerce issued a report detailing the country’s trade performance for the past year. The figures show $1.8 billion in exports and over $8 billion in imports, highlighting a substantial trade imbalance and a high reliance on foreign goods and services. The report noted increases in exports […]

July Exports Surge 13.9% to $57.49 Billion, Achieving Trade Surplus

News, Trade Performance

August 1, 2024

In July, exports surged by 13.9% year-on-year, reaching $57.49 billion, while imports rose by 10.5% to $53.88 billion, resulting in a trade surplus of $3.61 billion. This performance marks the second-highest July figure on record and continues a strong upward trend that has lasted for ten consecutive months. The notable export growth was driven […]

Policies to Expand Foreign Trade Boost Competitiveness

China, International Trade, News

August 1, 2024

As external demand and supportive policies improve, China’s trade in goods reached a new high in the first half of 2024, with overall foreign trade exceeding 21 trillion yuan ($2.9 trillion), and export growth in June of 10.7 percent year-on-year, exceeding all expectations. The improving external demand and accelerated development of new business forms […]

Australian Wine Exports Hit AU$2.2 Billion Amid Diverse Market Trends

Australia, International Trade, News

July 31, 2024

The International Trade Council reports that Australian wine exports have reached a significant AU$2.2 billion, reflecting both positive developments and ongoing challenges in the market. This increase is largely attributed to a resurgence in exports to mainland China, where volumes jumped from 1 million litres to 33 million litres and the value surged by AU$392 […]

China Remains Papua New Guinea’s Leading Export Market, Reports Minister

China, International Trade, News

July 31, 2024

China remains the foremost export market for Papua New Guinea (PNG). During a recent groundbreaking ceremony for the Sea Park Development in Port Moresby, the Minister for International Trade and Investment emphasized China’s critical role in PNG’s export economy. The Minister highlighted the robust trade relationship between the two nations, noting, “China is the […]

Egypt’s Non-Oil Trade Deficit Falls to $15.9 Billion in First Half of 2024

Egypt, International Trade, News

July 31, 2024

Egypt’s non-oil trade deficit for the first half of 2024 has decreased to $15.9 billion. This marks a 16% improvement from the $18.9 billion deficit recorded during the same period in 2023. During the initial six months of 2024, Egypt saw a notable 9.8% increase in merchandise exports, reaching $19.6 billion. In contrast, imports […]

New Report Aims to Boost SME Exporting

International Trade, News

July 31, 2024

The International Trade Council highlights a new initiative designed to invigorate exporting activities among small and medium-sized enterprises (SMEs). A recent report proposes measures to increase the number of small business exporters. An SME Export Taskforce was formed to tackle the low percentage of small firms—currently only 10%—engaged in international trade. The taskforce identified several […]

Thailand Set to Export 8.2 Million Tonnes of Rice Amid Robust Global Demand

International Trade, News, Thailand

July 31, 2024

Thailand is on track to export 8.2 million tonnes of rice this year, an increase from the previously forecasted 7.5 million tonnes. This surge is attributed to strong demand from key markets and a weakening baht, according to the Commerce Ministry. The Director-General of the Foreign Trade Department noted that rice exports in the […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.

Author Archive

Türkiye Launches Free Trade Agreement Talks with GCC

South Africa’s Strategy for Economic Growth Focuses on Manufacturing and Export Expansion

Afghanistan’s Trade Data Reveals $1.8 Billion in Exports and $8 Billion in Imports, Signaling Trade Imbalance

July Exports Surge 13.9% to $57.49 Billion, Achieving Trade Surplus

Policies to Expand Foreign Trade Boost Competitiveness

Australian Wine Exports Hit AU$2.2 Billion Amid Diverse Market Trends

China Remains Papua New Guinea’s Leading Export Market, Reports Minister

Egypt’s Non-Oil Trade Deficit Falls to $15.9 Billion in First Half of 2024

New Report Aims to Boost SME Exporting

Thailand Set to Export 8.2 Million Tonnes of Rice Amid Robust Global Demand

About the ITC

Resources

Legal