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Archive for the ‘News’ Category

Mexico Strengthens Position as Key Market for U.S. Dairy Exports

Agricultural Exports, Mexico, News

December 20, 2024

Mexico is solidifying its position as one of the most important markets for US dairy exports, showcasing the strength of the trade relationship between the two countries. This growing partnership is driving opportunities for agricultural trade and fostering mutual economic benefits.   Currently, Mexico purchases more than 25 percent of US dairy exports, representing 4.5 […]

Philippine Automotive Parts Exports Drive Economic Growth

Automotive Industry, News, Philippines

December 19, 2024

The Philippine automotive parts industry is set to achieve remarkable milestones in 2024, with export revenues projected to reach $1.21 billion by year-end. This marks a robust contribution to the country’s international trade and reflects the growing demand for high-quality automotive components worldwide.   Looking ahead, forecasts indicate an increase in export performance, with revenues […]

New Zealand’s Horticulture Sector Boosts Trade with Record Export Growth

Agricultural Exports, New Zealand, News

December 19, 2024

New Zealand’s horticulture industry is achieving remarkable milestones, with export revenue forecasted to hit a record NZ$8 billion (US$4.5 billion) by 30 June 2025, according to the latest Situation and Outlook for Primary Industries (SOPI) report from the Ministry for Primary Industries. This 12% growth reinforces the country’s position as a leading player in global […]

Japan’s Exports Show Strong Growth, Highlighting Resilience in Trade

International Trade and Export, Japan, News

December 19, 2024

Japan’s export sector continues to demonstrate resilience, posting a stronger-than-expected 3.8% year-on-year growth in November. This performance reflects robust global demand and the advantages of a competitive yen, reinforcing Japan’s position as a key player in international trade.   Chip Making equipment emerged as a standout, with significant demand from Taiwan and China driving growth. […]

Japan Resumes Strawberry Exports to the Philippines, Boosting Bilateral Trade

Bilateral Trade Relation, Japan, News

December 19, 2024

Japan has resumed its strawberry exports to the Philippines, signaling a positive step in the expanding trade relationship between the two countries. Following an agreement between Japan’s Ministry of Agriculture, Forestry, and Fisheries and Philippine quarantine authorities, the export ban imposed due to pest concerns has been lifted, creating new opportunities for both nations.   […]

Philippines and South Korea Trade Agreement to Boost Banana Exports

Free Trade Agreements, News, Philippines, South Korea

December 19, 2024

The forthcoming trade agreement between the Philippines and South Korea is set to create new opportunities for the Philippine banana industry. Starting on January 1, 2025, the agreement will reduce tariffs on bananas, making the country’s exports more competitive in the South Korean market.   Trade Secretary Ma. Cristina Roque highlighted the potential benefits during […]

Philippines Achieves Milestone in Rice Imports, Strengthening Global Trade Partnerships

Agricultural Imports, News, Philippines

December 18, 2024

The Philippines is poised to reach a record-breaking 4.7 million metric tons (MMT) in rice imports by the end of 2024, showcasing its active engagement in international trade and efforts to ensure food security. Recent data from the Bureau of Plant Industry (BPI) highlights this achievement, with shipments from January 1 to December 12 already […]

Malaysia Strengthens Trade Momentum with Steady Export Growth

International Trade and Export, Malaysia, News

December 18, 2024

Malaysia’s trade performance continues to impress, with exports rising 4.1% year-on-year in November to 126.57 billion ringgit ($28.31 billion). This marks the second consecutive month of export growth, reflecting the country’s resilience and strategic positioning in global trade.   Key industries, particularly manufactured and agricultural goods, have been instrumental in driving this success. Exports of […]

Philippines and Korea Strengthen Trade Ties and Drive Connectivity Through New Agreement

International Relations, News, Philippines, South Korea

December 18, 2024

The National Economic and Development Authority Board has approved the implementation of the free trade agreement between the Philippines and Korea, marking a significant milestone in enhancing economic collaboration and trade relations. This agreement aims to reduce market barriers, foster investment opportunities, and provide expanded access to goods and services between the two countries.   […]

Critical Minerals Trade Database Launched to Strengthen Global Trade and Clean Energy Goals

Azerbaijan, Global Trade, News

December 18, 2024

A new database focusing on trade in critical minerals has been launched by the Asian Development Bank and the World Trade Organization Secretariat, marking a significant milestone in global trade and sustainability efforts. This collaborative initiative is set to enhance transparency, promote trade efficiency, and support the clean energy transition by providing comprehensive insights into […]

Brazil Expands Grape Exports to Asia with Sustainable Trade Innovations

Agricultural Exports, Brazil, News

December 17, 2024

Brazil is making strides in global trade with the expansion of its fresh grape exports to China, supported by innovative and eco-friendly packaging solutions. This development follows the signing of a phytosanitary protocol in November, opening doors for Brazilian table grapes to reach new international markets.   The introduction of the DaColheita packaging solution has […]

Singapore’s Export Growth Highlights Resilience in Global Trade

International Trade and Export, News, Singapore

December 17, 2024

Singapore’s export sector demonstrated impressive resilience in November, with non-oil domestic exports (NODX) increasing by 3.4% year-on-year, exceeding expectations and marking a strong recovery from October’s 4.7% decline.   The growth, fueled by a robust rise in electronics shipments, underscores Singapore’s critical role in global trade and its ability to adapt to evolving market demands. […]

U.S. Shrimp Imports from India, Indonesia, and Ecuador Show Resilience and Growth Opportunities

Agricultural Imports, News, United States

December 17, 2024

The U.S. shrimp market continues to show positive signs of resilience, with a steady flow of imports from top global exporters. In October 2024, the U.S. imported 164.3 million pounds (74,544 metric tons) of shrimp, slightly down from the previous year’s 168 million pounds (76,187 metric tons). Year-to-date figures indicate a 4.4% decrease compared to […]

Strengthening Balanced Trade and Regional Connectivity in Africa

Africa, International Trade, News

December 17, 2024

Efforts to boost trade and connectivity with African nations are gaining momentum, focusing on fostering mutually beneficial agreements and enhancing infrastructure links across the region. Recent discussions among key economic leaders have emphasized the importance of balanced trade agreements and regional collaboration to support economic growth.   New trade initiatives aim to create equitable agreements […]

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