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Philippines-South Korea Free Trade Agreement Set to Propel Apparel Exports, Strengthening Trade and Economic Growth

News, Philippines, Trade Agreements

November 13, 2024

The Philippines is preparing for a remarkable boost in its apparel export industry, with a new Free Trade Agreement (FTA) with South Korea projected to push export values to $1 billion by 2025. Expected to be effective in the first quarter of next year, the agreement offers the Philippines access to South Korea’s vibrant, zero-tariff […]

Japan’s Energy Subsidies Boost to Empower Trade and Household Stability as Fuel Costs Rise

International Trade, Japan, News

November 13, 2024

Japan is preparing to reinstate subsidies for electricity and gas prices from January, a proactive measure aimed at supporting households and energizing the broader economy in response to rising fuel costs. Expected to continue through March, these subsidies are poised to not only ease financial pressures on consumers but also stimulate economic activity—a move that […]

Kazakhstan Increases Agricultural Exports with EU Support, Boosting Trade Potential

Agricultural Exports, Kazakhstan, News

November 12, 2024

Kazakhstan’s agricultural sector is poised for expansion, thanks to the European Investment Bank’s (EIB) recently approved €465 million fund aimed at supporting non-EU countries in sustainable agriculture. This funding is part of the Pan-European Agricultural Programme, a €3 billion initiative designed to enhance financing for agribusiness, promote climate-resilient practices, and back young farmers across regions, […]

Philippines Expands Coconut Oil Exports to Australia, Strengthening Trade Ties

Agricultural Exports, News, Philippines

November 12, 2024

The Philippines is set to significantly boost its coconut oil exports to Australia, tapping into the rising demand for high-quality, natural ingredients in Australian food, beverage, and cosmetic sectors. This expansion, driven by Ares Merchants Philippines Inc. (AMPI), will add an estimated 30,000 metric tons of coconut oil annually to Australia’s imports, a move expected […]

India Poised for Continued Growth, Offering Stability in Trade and Investment

India, International Trade and Investments, News

November 11, 2024

India’s financial markets are emerging as a key destination for investors, offering a strong and stable environment for trade and investment. With its robust economic growth, strategic participation in global supply chains, and growing role in international trade, India is proving to be a resilient and attractive market in the face of global uncertainty.   […]

Japan Announces $65 Billion Investment to Drive Domestic Chip and AI Industries, Boosting Trade Opportunities

International Trade and Investments, Japan, News

November 11, 2024

Japan is set to energize its semiconductor and artificial intelligence (AI) sectors with a transformative $65 billion investment plan, designed to strengthen both its domestic technology capabilities and its position in global trade. Announced by Prime Minister Shigeru Ishiba, the initiative will offer substantial subsidies and financial incentives to support the growth of Japan’s high-tech […]

China and Indonesia Strengthen Strategic Ties with New Cooperation Deals

China, Indonesia, International Trade and Economic Relations, News

November 9, 2024

In a significant step towards enhancing bilateral ties, Chinese President Xi Jinping and Indonesian President Prabowo Subianto have signed multiple cooperation agreements aimed at deepening collaboration in key sectors. These agreements, which include areas such as water conservation, maritime resources, and mining, signal a strengthened partnership between the two nations, with long-term trade and economic […]

Cambodia’s Rice Exports Achieve New Heights, Strengthening Global Trade Impact

Agricultural Exports, Cambodia, News

November 8, 2024

Cambodia’s rice export sector has reached a new milestone, with the country earning over $1.5 billion from the export of paddy and milled rice in the first ten months of 2024. This achievement highlights the Kingdom’s growing role in the global agricultural trade.   Between January and October, Cambodia exported 502,029 tonnes of milled rice […]

Jordan’s Agricultural Exports Thrive, Reaching Five-Year High Amid Global Demand

Agricultural Exports, Jordan, News

November 8, 2024

Jordan’s agricultural exports have reached an impressive milestone, achieving their highest levels in five years as the sector capitalizes on growing international demand for high-quality produce. By the end of October, fruit and vegetable exports hit 522,000 tons, a 17% increase compared to the previous year, according to the Ministry of Agriculture. This achievement brings […]

Egypt’s Mandarins Exports to Poland See Exceptional Growth, Strengthening Trade Ties

Agricultural Exports, Egypt, News

November 7, 2024

Egypt has achieved a remarkable milestone in its agricultural exports, with mandarin exports to Poland reaching an all-time high during the 2023/24 season. The first 11 months of the season saw Egypt directly supply 6.8 thousand tons of mandarins to Poland, more than doubling the 3 thousand tons shipped during the previous season. This impressive […]

Kazakhstan’s Surge in Grain Exports Enhances Global Trade Connections

Agricultural Exports, Kazakhstan, News

November 7, 2024

Kazakhstan has seen a significant boost in its grain exports following the new harvest, which has reached a record 26.6 million tons—56% higher than in 2023. This remarkable increase highlights the country’s expanding role as a key player in the global agricultural market.   Between September and October, Kazakhstan Temir Zholy (KTZ), the national railway […]

Brazil Broadens Global Trade Horizons with Agricultural Exports to Peru

Agricultural Exports, Brazil, News

November 7, 2024

Brazil’s agricultural sector continues its impressive global expansion, with Peru now among the latest markets to welcome Brazilian products. The inclusion of Peru is part of a strategic move that has opened doors for a variety of exports this year, including yerba mate, cassava meal, coconut fiber, dried clove flowers, hay, and derivatives of bovine […]

Italy Expands Exports of Fashion and Lifestyle Goods to the Philippines, Boosting Economic Ties

Bilateral Trade Relation, Italy, News

November 6, 2024

Italy is taking significant steps to enhance its export activities to the Philippines, focusing on high-quality fashion, lifestyle products, and innovative technologies. This initiative highlights Italy’s commitment to strengthening its economic relationship with the Philippines and the broader ASEAN region, positioning both nations for mutual growth.   Mauro Battocchi, Italy’s Director-General for Country Promotion, underscored […]

German Industrial Sector Sees Promising Growth in September Amid Rising Demand

Germany, Manufacturing and Industrial, News

November 6, 2024

Germany’s industrial sector experienced notable growth in September, with new orders rising by 4.2% from the previous month, marking a robust performance and highlighting the country’s resilience in global trade. Driven by substantial large-scale orders across key sectors such as aerospace, maritime, and transportation, this growth exceeded analysts’ expectations and underscores Germany’s continued appeal in […]

South Korea Enhances Support for Businesses to Foster Resilience in Evolving Trade Landscape

Economic Policy, News, South Korea

November 6, 2024

South Korea is taking proactive steps to support local businesses and bolster trade resilience amid potential shifts in global trade policies. Finance Minister Choi Sang-mok announced that the government is working closely with industries to understand their needs and develop strategies that minimize any potential challenges in the evolving trade environment.   “We are committed […]

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