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Hong Kong’s Economic Growth Strengthens Trade Prospects with 2.4% Expansion in Fourth Quarter

Global Trade, Hong Kong, News

February 3, 2025

Hong Kong’s economy continued its positive trajectory, expanding by 2.4 percent in the fourth quarter of 2024 compared to the previous year, according to official estimates released on Monday. This marks the eighth consecutive quarter of growth, reinforcing the city’s strong position in global trade and commerce.   The latest figures slightly exceeded market expectations […]

Taiwan Strengthens Trade Ties with U.S. Through Business Expansion Support

International Trade Agreements, News, Taiwan

February 3, 2025

Taiwan is taking proactive steps to support businesses looking to expand into the United States, reinforcing its role as a key player in global trade. In response to recent tariff adjustments, the Ministry of Economic Affairs announced a comprehensive plan to help Taiwanese companies explore new opportunities in the U.S. market.   This initiative will […]

Australia Confident in Navigating Global Trade Shifts, Strengthening Economic Resilience

Australia, Global Trade, News

February 3, 2025

Australia remains well-positioned to adapt to evolving global trade dynamics, reinforcing its commitment to economic stability and open market policies, Treasurer Jim Chalmers affirmed on Tuesday.   Speaking with ABC News, Chalmers highlighted Australia’s proactive approach to managing trade shifts, particularly in response to recent developments in the United States. “These are significant changes, but […]

India and U.S. Strengthen Trade and Economic Ties with Upcoming Leadership Meeting

Economic Relations, India, News, United States

February 3, 2025

The United States and India are set to strengthen their trade and economic partnership as U.S. President Donald Trump extends an invitation to Indian Prime Minister Narendra Modi for a meeting at the White House next week, a senior official confirmed.   The leaders last spoke on January 27, discussing key economic and trade priorities, […]

Japan’s Food Exports Soar to Record High, Strengthening Global Trade Partnerships

Agricultural Exports, Japan, News

February 3, 2025

Japan’s agricultural, forestry, and fishery exports reached an all-time high in 2024, showcasing the country’s resilience and adaptability in the global market. The Ministry of Agriculture, Forestry, and Fisheries (MAFF) reported a 3.7% increase in exports, totaling 1.507 trillion yen ($9.7 billion), marking the twelfth consecutive year of growth.   This success reflects Japan’s expanding […]

South Africa’s Safeguard Investigation Aims to Strengthen Steel Trade

International Trade, News, South Africa

February 3, 2025

South Africa has launched a safeguard investigation into the import of certain flat-rolled steel products, demonstrating its commitment to maintaining a balanced and competitive steel market. This initiative, formally notified to the World Trade Organization’s (WTO) Committee on Safeguards on 3 February 2025, seeks to assess the impact of rising imports on domestic producers while […]

Ecuador and Canada Finalize Trade Deal, Opening New Opportunities for Growth

Canada, Ecuador, International Trade Agreements, News

February 2, 2025

Ecuador and Canada have successfully finalized a new trade agreement, paving the way for expanded economic opportunities and stronger bilateral trade relations. Ecuadorian President Daniel Noboa announced the deal, emphasizing its potential to drive local job creation and boost key export sectors.   The agreement, which follows six rounds of negotiations since March 2024, is […]

South Korea’s Manufacturing Expansion Reinforces Global Trade Strength

Global Trade, News, South Korea

February 2, 2025

South Korea’s manufacturing sector started the year on a strong note, with factory activity expanding in January due to robust international demand. This signals a recovery in production and highlights the country’s crucial role in global trade.   According to S&P Global’s latest Purchasing Managers’ Index (PMI) report, South Korea’s PMI rose to 50.3 in […]

US Resumes Mexican Beef Imports, Strengthening Bilateral Trade Relations

International Trade and Imports, News, United States

February 1, 2025

The United States has officially agreed to lift the temporary suspension on Mexican beef imports, marking a positive development in bilateral trade between the two nations. Mexican Agriculture Minister Julio Berdegué shared the exciting news on social media, announcing that the U.S. Department of Agriculture (USDA) had signed memorandums allowing the resumption of beef imports. […]

U.S. Economy Shows Strong Resilience with Robust Trade and Domestic Demand

Economic Development, News, United States

January 30, 2025

The U.S. economy demonstrated impressive resilience in the fourth quarter of 2024, bolstered by solid consumer spending and a strong labor market. While imports surged and a strike at Boeing temporarily impacted aircraft production, the broader economic landscape remains positive, signaling healthy trade activity and domestic growth. The Federal Reserve’s approach of gradual interest rate […]

Morocco’s Almond Imports Reach Record High, Boosting Global Trade

Agricultural Exports, Morocco, News

January 30, 2025

Morocco’s demand for high-quality almonds has reached new heights, with imports surpassing 35,000 tons in the first 11 months of 2024. Valued at $174.5 million, this represents an 18% increase from the previous year, demonstrating the country’s strong position in global agricultural trade.   The steady growth in almond imports reflects Morocco’s expanding market for […]

Vietnam’s Fruit Exports Reach $7.15 Billion in 2024, Strengthening Global Trade

Agricultural Exports, News, Vietnam

January 30, 2025

Vietnam’s fruit export industry has achieved a remarkable milestone, reaching $7.15 billion in 2024. This strong performance highlights the country’s growing influence in international trade, driven by rising demand for durian, coconuts, longans, pomelos, and mangoes. With shipments expanding to over 60 markets, Vietnam continues to strengthen its position as a key player in global […]

Thailand Strengthens Trade Links with Successful Frozen Shrimp Export to China

Agricultural Exports, News, Thailand

January 30, 2025

Thailand is enhancing its position in global trade with the successful export of frozen shrimp to China via the Laos-China railway. This milestone highlights the efficiency of cross-border logistics and reinforces Thailand’s role as a key supplier of high-quality seafood products.   The shipment, totaling 24 tonnes from Songkhla province, utilized a combination of truck […]

Swiss Gold Exports to the U.S. Reach New Highs, Strengthening Global Trade

Global Trade, News, Switzerland

January 30, 2025

Switzerland’s gold exports recorded a strong performance in December, with shipments to the United States reaching their highest level since 2022. This positive growth highlights the continued strength of international trade and the dynamic movement of precious metals across key markets.   As a major hub for bullion refining and transit, Switzerland plays a vital […]

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