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Archive for the ‘Countries’ Category

UK Minister Engages with U.S. Officials to Promote Northern Ireland’s Renewed Government and Economic Opportunities

News, United Kingdom, United States

February 5, 2024

Chris Heaton-Harris, the British minister for Northern Ireland, is set to journey to Washington to hold discussions with U.S. lawmakers regarding the reinstatement of the province’s devolved government. In addition to addressing this pivotal development, he will also highlight the economic potential of Northern Ireland, as stated by his department on Tuesday.   Northern Ireland, […]

Japan Continues Subsidies to Boost Memory Chip Production

Japan, News, Technology

February 5, 2024

The Japanese Ministry of Industry announced on Tuesday its intention to extend subsidies amounting to 242.9 billion yen ($1.64 billion) to support efforts to expand memory chip production in Mie and Iwate prefectures.   This financial support serves as a lifeline for companies facing challenges due to a downturn in the NAND flash chip market. […]

Japanese Crude Oil Imports Maintain Steady Supply from Saudi Arabia

Energy Trade, Japan, News, Saudi Arabia

February 1, 2024

Japan has consistently maintained a substantial share of its crude oil imports from Saudi Arabia, accounting for about 44 percent of its total oil requirements, totaling approximately 36.28 million barrels. This information, sourced from the Agency of Natural Resources and Energy within the Ministry of Economy, Trade and Industry, underscores Saudi Arabia’s reliability as a […]

China’s Factory Activity Expands in January, Boosted by Export Orders

China, Economic Development, News

January 31, 2024

In a recent private-sector survey, it was revealed that China’s factory activity experienced growth in January. This expansion was attributed to stable output, improved logistics efficiency, and the first uptick in new export orders since June. Consequently, business confidence reached a nine-month high.   The positive results, however, contrasted with an official survey from the […]

China Surpasses Japan as Global Vehicle Export Leader in 2023, Marking a Historic Shift in the Auto Industry

Automotive Industry, China, Japan, News

January 31, 2024

In a significant industry development, China has officially taken the crown as the world’s largest vehicle exporter in 2023, surpassing Japan, according to data released by the Japan Automobile Manufacturers Association (JAMA).   The remarkable growth of China’s auto sector in recent years can be attributed to substantial investments in electric vehicles (EVs), a domain […]

Unlocking Vietnam’s Potential in Livestock Product Exports to China

Agricultural Trade, China, News, Vietnam

January 31, 2024

Vietnam is poised for a significant upswing in its agricultural export value to China this year, thanks to a collaborative effort with China to review regulations permitting the official export of poultry meat from Vietnam to the Chinese market.   In the year 2023, livestock products constituted only 1 percent of the total agricultural, forestry, […]

EU Trade Chief Continues Discussions with US on Battery Minerals Trade Despite Differences

Energy Trade, Europe, News, United States

January 30, 2024

In recent developments, the United States and the European Union have encountered challenges in reaching a trade deal related to critical battery minerals. Despite this setback, both parties are committed to pursuing negotiations aimed at establishing a transatlantic marketplace for minerals and other vital components, as stated by the EU’s top trade official.   Valdis […]

The Philippines and Vietnam Strengthen Trade Ties with 5-Year Rice Agreement

Agricultural Trade, News, Philippines, Vietnam

January 30, 2024

In a significant move to bolster their trade relations, the Philippines and Vietnam have signed a Memorandum of Understanding (MOU) on Rice Trade Cooperation. This agreement, among several others, was forged on Tuesday, Jan. 30, during bilateral discussions between the two nations.   The MOU on Rice Trade Cooperation establishes a framework for rice cooperation […]

Spain and China Urged to Strengthen Trade and Investment Ties

China, International Trade, News, Spain

January 29, 2024

Spain and China Urged to Strengthen Trade and Investment Ties. Representatives from over a hundred Chinese and Spanish businesses, along with officials including China’s Ambassador to Spain, Yao Jing, convened in Barcelona to explore avenues for boosting trade and investment between the two nations.   Wang Bo, General Manager of China Construction Bank in Europe, […]

South Korea Sees 1% Growth in Export-Import Cargo in 2023 Amid Export Recovery

International Trade, News, South Korea

January 29, 2024

South Korea’s export-import cargo experienced a 1 percent growth in 2023, signaling a recovery in the country’s exports, according to the Ministry of Oceans and Fisheries. The seaports in South Korea handled a total of 1.32 billion tons of export-import cargo, a slight increase from the previous year’s 1.31 billion tons. However, overall cargo processed […]

China’s Ambitious Plans to Expand Global Free Trade Agreements in 2024

China, International Trade, News

January 29, 2024

China is setting its sights on an ambitious plan to further expand its global network of high-standard free trade areas (FTAs) in 2024, building on the remarkable progress it has made in negotiating FTAs over the past year. Chinese Vice Commerce Minister Wang Shouwen has unveiled these intentions, highlighting the country’s commitment to increasing openness […]

Taiwan’s Fourth Quarter Economic Growth Bolstered by Domestic Demand and Export Recovery

Economic Development, News, Taiwan

January 29, 2024

Taiwan’s trade-dependent economy is anticipated to have experienced accelerated growth in the fourth quarter of the year, largely attributed to robust domestic consumption and a resurgence in exports, according to a recent Reuters poll of 22 economists.   Gross domestic product (GDP) for the October-December period is expected to have expanded by approximately 4.35% compared […]

Philippines and Canada Forge Stronger Defense Ties with Memorandum of Understanding

Canada, International Relations, News, Philippines

January 29, 2024

In a significant step towards bolstering their defense cooperation, the Philippines and Canada formally signed a memorandum of understanding on Friday, with Manila’s defense minister expressing optimism that this agreement could pave the way for a troop pact between the two nations.   Defense Secretary Gilberto Teodoro highlighted the strong intention on both sides to […]

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