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Archive for the ‘Countries’ Category

Bangladesh Turns to Indian Potato Imports to Stabilize Market Prices

Agricultural Trade, Bangladesh, News

February 5, 2024

In a bid to address soaring prices and ensure market stability, the Bangladesh government has authorized the import of 34,000 tons of potatoes from India. This strategic move has already led to a significant reduction in retail prices, with costs dropping from Taka 40-45 to Taka 25-30 per kg. Anticipating the upcoming Ramadan season, 49 […]

Ukraine Urges Government to Safeguard Access to EU Market for Agricultural Exports

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 […]

Taiwan Assures Minimal Impact from Red Sea Disruptions on Trade

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 […]

EU Emphasizes Support for Solar Industry Amid Import Concerns

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 […]

UK Minister Engages with U.S. Officials to Promote Northern IrelandÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢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. […]

Turkey Explores Opportunities to Broaden Export Horizons in China

China, International Trade, News, Turkey

February 4, 2024

A Turkish delegation, led by Tayfun Kilic, Deputy Director General of the Turkish Ministry of Trade, along with key industry representatives, embarked on an inaugural visit to the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce, and Animal By-Products on January 29th. During this visit, the two sides engaged in […]

Egyptian Exports to Libya See Remarkable Growth in 2023

Egypt, International Trade, News

February 4, 2024

In a recent report published by the Central Agency for Public Mobilization and Statistics in Egypt, a substantial surge in Egyptian exports to Libya during the first 11 months of 2023 has come to light, indicating a promising trend in bilateral trade. According to the report, Egyptian exports to Libya reached an impressive total […]

Thailand and Sri Lanka Forge Strategic Trade Alliance to Fuel Economic Recovery

News, Sri Lanka, Thailand, Trade Agreements

February 3, 2024

In a significant move aimed at revitalizing their economies, Thailand and Sri Lanka have sealed a Free Trade Agreement (FTA). Sri Lanka, grappling with its most severe financial crisis in decades, hopes this strategic partnership will be a lifeline for its economy. With the World Bank estimating a contraction of 3.8% in Sri Lanka’s […]

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 […]

ChinaÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢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 VietnamÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢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, […]

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