Archive for the ‘Countries’ Category

International Trade, News, South Korea

February 12, 2024

South Korea has once again secured its position among the world’s top 10 defense exporters, with exports totaling approximately $14 billion in 2023. This marks the second consecutive year that South Korea has achieved this milestone, showcasing its growing influence in the global defense market. Anticipating continued demand, bolstered by substantial deals already in place, […]

Energy Trade, News, Ukrain

February 12, 2024

Ukraine is expecting a notable uptick in electricity exports on Monday, with projected exports almost doubling in comparison to imports. This surge is attributed to unusually warm weather, as confirmed by the energy ministry.   Following the events of 2022, Ukraine temporarily halted significant electricity exports due to security concerns surrounding attacks on its power […]

Agricultural Trade, News, Poland, Ukrain

February 12, 2024

In a bid to uphold standards and safeguard domestic interests, Poland has announced stringent quality inspections on all grain imports from Ukraine. This decision, revealed by Deputy Agriculture Minister Michal Kolodziejczak, underscores Poland’s commitment to ensuring the integrity of its agricultural imports.   The move comes amidst ongoing nationwide protests by Polish farmers, who have […]

Economic Policy, Europe, News

February 10, 2024

In a significant development, EU member states and Members of the European Parliament (MEPs) have reached a preliminary agreement to ease the bloc’s stringent fiscal regulations. This accord provides governments with additional flexibility in managing debt and offers incentives to bolster public investments, particularly in climate initiatives, industrial policies, and security measures.   The revision […]

In a bipartisan effort, a group of 15 US lawmakers has urged the Commerce Department to consider placing a China-based parent company of a popular social media platform on the government’s export control list. Led by Representative Dan Crenshaw and Representative Josh Gottheimer, the lawmakers emphasized the need to address potential vulnerabilities stemming from the […]

News, Trade Agreements, Ukrain

February 7, 2024

In a significant development, Britain has announced the extension of tariff-free trade with Ukraine until 2029, extending crucial support to Kyiv in light of recent events.   Following the conflict in the region two years ago, Britain abolished tariffs on all trade with Ukraine. Initially slated to end in March 2024, the agreement has now […]

China, News, Trade Relations, United States

February 7, 2024

According to the head of foreign trade at the German Chamber of Industry and Commerce (DIHK), current trends suggest that the United States is on track to overtake China as Germany’s primary trade partner by 2025, at the latest.   Preliminary data from the Federal Statistics Office indicates that German exports and imports to China […]

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 […]

China, Global Trade, News

February 6, 2024

China has kicked off the new year with a surge in imports across major commodities, indicating a robust beginning amid economic caution surrounding the Lunar New Year holidays.   Despite the upcoming Lunar New Year falling in February this year, traders and end-users seem to have accelerated purchases in January. The week-long holidays, from Feb. […]

China, Global Trade, News

February 6, 2024

In response to recent global trade regulations and inquiries, the Ministry of Commerce has unveiled proactive measures to bolster the new energy vehicle (NEV) sector. Emphasizing collaboration with international partners, the guidelines aim to enhance global cooperation while navigating challenges such as ongoing investigations into subsidies for the NEV industry.   Encouraging NEV manufacturers to […]

Europe, International Trade, News, Ukrain

February 5, 2024

Ukraine’s agricultural unions are urging their government to take all necessary steps to safeguard their unhindered access to the European market for their food products, according to a statement by the UCAB association on Monday.   In a recent announcement, the European Commission extended the suspension of import duties on Ukrainian exports, which was initially […]

International Trade, News, Taiwan

February 5, 2024

Taiwanese companies appear to be weathering the disruptions in the Red Sea’s crucial shipping lane without significant impact, as these disturbances coincide with the traditional low season in export demand, according to Economy Minister Wang Mei-hua’s statement on Monday.   The Red Sea route has seen certain shipping companies suspending transit to avoid potential attacks […]

Europe, News, Renewable Energy

February 5, 2024

The European Union is prioritizing its ambitious solar power targets as it assesses potential measures to address imports of photovoltaic panels, wafers, and related components, according to a senior EU official’s statement on Monday.   European Commissioner Mairead McGuinness emphasized that the EU is actively developing a comprehensive toolkit to bolster the solar industry, considering […]