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Archive for the ‘Europe’ Category

Eurozone and EU Trade Demonstrate Resilience with Positive Growth

Europe, International Relations, News

December 17, 2024

The eurozone and European Union have showcased resilience and adaptability in their international trade activities, with October 2024 figures highlighting growth and stability despite global economic adjustments.   In the eurozone, exports of goods to the rest of the world climbed to €254 billion in October 2024, representing a 2.1% increase from the same period […]

European Union Wine Exports Show Strong Growth in 2024

Agricultural Development and Trade, Europe, News

December 11, 2024

New data from Eurostat reveals impressive growth in European wine exports during 2024. For the first nine months of the year (January to September), wine exports from major European countries, including Austria, France, Germany, Greece, Hungary, Italy, Portugal, and Spain, have experienced significant growth compared to the same period in 2023. This positive trend reflects […]

EU and Mercosur Forge Historic Free Trade Agreement

Europe, News, Taiwan

December 6, 2024

The European Union and Mercosur, South America’s leading trade bloc, have reached a monumental free trade agreement, marking a new chapter in global economic collaboration. After over 20 years of negotiations, this milestone is set to expand market access, enhance trade ties, and stimulate economic growth for more than 700 million people across the two […]

EU Urges China’s Active Participation in WTO Reform Talks

China, Europe, International Trade, News

December 5, 2024

In a bid to reform global trade rules within the World Trade Organization (WTO), the European Union’s trade chief, Valdis Dombrovskis, has emphasized the critical need for China to engage constructively in discussions. Dombrovskis warned that without China’s involvement, other nations may implement policies that could disadvantage China.   Ministers from the WTO’s 164 members […]

EU-Mercosur Trade Negotiations Accelerate Ahead of Argentina’s Leadership Transition

Argentina, Europe, News, Trade Agreements

November 27, 2024

The EU-Mercosur trade talks have significantly gained momentum in anticipation of an upcoming leadership transition in Argentina. Diplomats and trade experts highlight that the new administration’s approach is expected to align with the ongoing efforts to finalize the trade agreement, ensuring continuity and stability in the South American common market.   The heightened focus on […]

International Trade Council Anticipates Accelerated Progress on Australia-EU Free Trade Agreement

Australia, Europe, Trade Agreements

November 11, 2024

In a significant development for international trade, Australian Prime Minister Anthony Albanese expressed optimism about the prospects of finalizing a free trade agreement with the European Union this year. The negotiations, which had encountered obstacles in July, appear to be gaining momentum.   The talks between Australia and the European Union, a bloc representing over […]

The EU and Republic of Korea Collaborate to Streamline Trade in Agricultural Products

Europe, International Trade

November 11, 2024

Trade in agricultural products between the European Union (EU) and South Korea is set to become more efficient with the recent agreement on digitalizing procedures.   The European Commission and South Korea have signed an administrative arrangement that focuses on electronic health certification and harmonizing certificates for the export of agricultural goods from the EU […]

EU Agri-Food Trade Surplus Reaches €5 Billion

Agricultural Trade, Europe, News

July 26, 2024

In April 2024, the EU’s agri-food trade surplus reached €5 billion, marking a 4% increase compared to April 2023, despite a 25% reduction from the previous month. Exports totaled €19.8 billion, primarily driven by rising prices of olives and olive oil, while imports were valued at €14.8 billion. Key import categories included coffee, tea, cocoa, […]

Chinese Pear Exporters Set Sights on European Market

Agricultural Exports, China, Europe, News

July 16, 2024

China, the world’s largest producer and consumer of pears, is increasingly eyeing the European market for its exports. Although pears are a staple in the Chinese diet and culture, only 2-3 percent of Chinese-grown pears are currently exported.   Chinese pear exporters emphasize value for money, making export volumes sensitive to domestic price fluctuations. When […]

Georgia Boosts Blueberry Exports to EU and UK

Europe, International Trade, News, United Kingdom

July 12, 2024

Georgia’s Ministry of Economy announced on Tuesday its plans to export 500 tonnes of blueberries to the European Union and the United Kingdom as part of a strategic initiative aimed at expanding international market opportunities for local producers. According to Agenda.ge, a significant portion of the blueberry shipment has already been sent to these key […]

Record Trade Growth Between China and Portuguese-Speaking Countries Marks Strong Start to 2024

China, Europe, International Trade, News

July 5, 2024

In the first five months of 2024, trade between China and countries where Portuguese is spoken has surged to unprecedented levels, marking a significant milestone for economic exchange.   Data from a prominent trade organization reveals that exports from Portuguese-speaking countries to China have soared to a record US$58.4 billion. This marks a substantial 12.9% […]

EU’s €137 Billion Boost Signals Economic Revival for Poland

Economic Development, Europe, News, Poland

March 12, 2024

In a significant development, Polish Prime Minister Donald Tusk has successfully secured funds worth up to €137 billion from the European Union, marking a pivotal moment for Poland’s economic trajectory. This infusion of funds signifies the end of years-long tensions with Brussels over democratic standards, heralding a new era of economic growth for Central Europe’s […]

Germany’s Support Crucial for PH-EU Free Trade Talks

E-commerce Development, Europe, News, Philippines

March 12, 2024

President Ferdinand ”Bongbong” Marcos Jr. highlighted the pivotal role of Germany’s support as negotiations for a free trade agreement between the Philippines and the European Union prepare to resume.   ”Germany’s support is vital to the country’s reapplication to the EU’s Generalised Scheme of Preferences Plus (GSP+) and for the resumption of negotiations for a […]

Switzerland Sets Course for Renewed EU Relationship Talks

Europe, News, Switzerland, Trade Relations

March 8, 2024

In a pivotal decision on Friday, the Swiss government has green-lighted the initiation of discussions with the European Union, aiming to rejuvenate the nation’s ties with the bloc. This move comes as a significant step forward after the disintegration of a former agreement attempt in 2021. Switzerland’s strategy emphasizes the vital importance of unfettered access […]

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