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Archive for the ‘Germany’ Category

Agricultural Imports, Germany, News

December 12, 2024

A new initiative led by Germany is paving the way for stronger global trade connections by linking sustainable seafood producers with European markets. This program, designed to address Europe’s growing seafood demand, focuses on fostering partnerships with small- and medium-sized enterprises from emerging markets while promoting eco-friendly practices.   Under this trade-focused initiative, seafood producers […]

In a significant development for international trade, the Philippines has garnered approximately $5 billion in investment pledges from German and American companies this week. These commitments, spanning diverse sectors such as healthcare and energy, signal a substantial step forward for the country as it vies for foreign capital in the global market.   During President […]

Germany, International Trade, News

November 28, 2024

Germany is taking a significant step to enhance its semiconductor industry and strengthen its role in global trade. The government has announced plans to allocate billions of euros in subsidies to support advanced chip production, a move designed to boost technological innovation and reinforce Europe’s position in the global semiconductor market.   The initiative aligns […]

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 […]

Economic Development, Germany, News

October 24, 2024

Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

Germany, International Trade

October 9, 2024

Germany’s export sector has shown encouraging signs of growth, with a reported increase in August that highlights strong international demand, particularly from the United States and the United Kingdom. Official data from the federal statistics office revealed a 1.3% rise in exports compared to the previous month, defying earlier forecasts that anticipated a slight decline […]

Germany, International Trade, News

July 29, 2024

Germany has designated Malaysia as a significant export and trade hub, expanding its trade strategy beyond reliance on China. This move supports Germany’s derisking approach, which aims to minimize dependence on a single nation. Prime Minister Datuk Seri Anwar Ibrahim announced this shift, highlighting a notable increase in visits from foreign trade ministers to Malaysia. […]

Economic Indicators, Germany, News

February 26, 2024

In a recent survey conducted by the Ifo economic institute, sentiment among German exporters saw an improvement for the month of February. Although only a few sectors anticipated an increase in exports, the overall outlook showed signs of positivity.   The export expectations indicator, as reported by the institute, rose to minus 7.0 points in […]

Energy Trade, Germany, Kazakhstan, News

February 20, 2024

In a significant development, Germany has unveiled plans to ramp up its oil imports from Kazakhstan by an impressive 200,000 tons per month. This decision comes as Kazakhstan’s Minister of Energy, Almasadam Satkaliyev, announced the heightened collaboration between the two nations.   Previously, from May to October 2023, Kazakhstan exported approximately 100,000 tons of oil […]

Germany, International Trade, News

February 14, 2024

Germany’s commitment to green hydrogen receives a significant boost as the Federal Ministry for Economic Affairs and Climate Action (BMWK) earmarks €3.53 billion for the H2Global Foundation’s hydrogen importing program. This allocation is poised to fuel future auctions for renewable hydrogen and its derivatives.   H2Global, a subsidiary of BMWK, has announced the receipt of […]

Germany, Manufacturing, News

February 6, 2024

In a surprising turn of events, German industrial orders experienced a significant upswing in December, marking the most substantial month-on-month increase in over three years. The surge, fueled by a remarkable influx of aircraft orders, was reported by the federal statistics office on Tuesday.   Orders soared by 8.9% compared to the previous month, after […]

Germany, International Trade, News, Vietnam

January 23, 2024

A prominent German business delegation, featuring key players in tunnel machines, wind farms, and industrial supplies, is accompanying President Frank-Walter Steinmeier on a visit to Vietnam starting Tuesday. This visit aligns with Berlin’s strategy to diversify economic ties, emphasizing Vietnam’s significance as a partner to broaden activities beyond China. German companies have already invested over […]

Economic Indicators, Germany, News

January 8, 2024

In a surprising turn of events, Germany experienced a substantial surge in exports during November, outperforming expectations and offering a glimmer of hope for the country’s international trade sector. According to data released by the federal statistics office on Monday, German exports saw a notable increase of 3.7% compared to the previous month, significantly surpassing […]

Germany remains a highly attractive destination for foreign direct investment (FDI) in Europe, according to Germany Trade & Invest. While the number of foreign companies settling in the country is expected to decrease by nearly 20% in 2023, Germany maintains its status as Europe’s top choice for FDI.   Similar declines in FDI have been […]

Africa, Germany, International Trade, News

October 30, 2023

German Chancellor Olaf Scholz held discussions with Nigerian President Bola Tinubu during his West Africa tour, emphasizing trade and investment prospects. This visit reflects Germany’s interest in diversifying its trade partners and expanding economic collaborations in the resource-rich West African region.   During their meeting in the capital city of Abuja, Scholz emphasized the need […]