Archive for the ‘Economic Policy’ Category

In a strategic move to bolster its export sector, Korea has set its sights on achieving an annual outbound shipment target of $700 billion, signaling a strong commitment to economic growth. The announcement came from the industry ministry on Wednesday, outlining plans to provide comprehensive policy and financial support to key industries, particularly chips and […]

The Presidents of Costa Rica and Honduras have come to an agreement to reverse the recent visa requirements imposed on travelers from each other’s countries. This resolution follows two weeks of negotiations to resolve the dispute that had disrupted Central American trade.   One of the crucial aspects of the deal is the allowance for […]

In an era characterized by heightened globalization, geopolitical complexities, and evolving economic landscapes, businesses worldwide are continually reassessing their strategies to ensure resilience and sustainability. A relatively recent concept gaining traction is “friendshoring,” a strategic approach to offshoring or outsourcing that prioritizes countries with which a company’s home nation shares positive diplomatic, economic, or trade […]

MONTEVIDEO, Uruguay, December 7, 2022 – The International Trade Council addresses the tensions that arose during the recent Mercosur summit, as Uruguay expressed its desire to pursue foreign markets despite opposition from Brazil, Argentina, and Paraguay. Uruguayan President Luis Lacalle Pou highlighted the need for his country to “open up to the world,” expressing intentions to […]