Search
Become a Member

Archive for the ‘Global Trade’ Category

Hong Kong’s Economic Growth Strengthens Trade Prospects with 2.4% Expansion in Fourth Quarter

Global Trade, Hong Kong, News

February 3, 2025

Hong Kong’s economy continued its positive trajectory, expanding by 2.4 percent in the fourth quarter of 2024 compared to the previous year, according to official estimates released on Monday. This marks the eighth consecutive quarter of growth, reinforcing the city’s strong position in global trade and commerce.   The latest figures slightly exceeded market expectations […]

Australia Confident in Navigating Global Trade Shifts, Strengthening Economic Resilience

Australia, Global Trade, News

February 3, 2025

Australia remains well-positioned to adapt to evolving global trade dynamics, reinforcing its commitment to economic stability and open market policies, Treasurer Jim Chalmers affirmed on Tuesday.   Speaking with ABC News, Chalmers highlighted Australia’s proactive approach to managing trade shifts, particularly in response to recent developments in the United States. “These are significant changes, but […]

South Korea’s Manufacturing Expansion Reinforces Global Trade Strength

Global Trade, News, South Korea

February 2, 2025

South Korea’s manufacturing sector started the year on a strong note, with factory activity expanding in January due to robust international demand. This signals a recovery in production and highlights the country’s crucial role in global trade.   According to S&P Global’s latest Purchasing Managers’ Index (PMI) report, South Korea’s PMI rose to 50.3 in […]

Swiss Gold Exports to the U.S. Reach New Highs, Strengthening Global Trade

Global Trade, News, Switzerland

January 30, 2025

Switzerland’s gold exports recorded a strong performance in December, with shipments to the United States reaching their highest level since 2022. This positive growth highlights the continued strength of international trade and the dynamic movement of precious metals across key markets.   As a major hub for bullion refining and transit, Switzerland plays a vital […]

Paraguay Marks Milestone in Global Trade with First Persian Lime Exports

Global Trade, News, South Africa

January 23, 2025

Paraguay has made a significant leap into the international citrus market with its inaugural export of Persian limes, marking a new era for the country’s agricultural trade. A shipment of 26 tonnes, sourced from the Concepción region, has successfully reached the Argentine market after meeting stringent international quality and phytosanitary standards.   This achievement is […]

South Africa Boosts Wine Export Revenues, Strengthening Global Trade Presence

Global Trade, News, South Africa

January 23, 2025

South Africa’s wine industry celebrated a remarkable achievement in 2024, as export revenues grew despite steady shipment volumes, highlighting the sector’s adaptability and market strength. According to Wines of South Africa (WoSA), export revenues reached R10.3 billion, marking a 3% increase in local currency, while US dollar revenues climbed 4.3% to $562 million.   Packaged […]

Taiwan’s Machinery Exports to the US Lead Global Trade Growth

Global Trade, News, Taiwan

January 20, 2025

Taiwan’s machinery exports reached new heights as shipments to the United States grew to $7.19 billion last year, surpassing the $6.86 billion sent to other key markets. This development highlights the resilience and adaptability of the machinery industry amid evolving global trade dynamics.   The increase in US-bound shipments reflects proactive measures taken by exporters […]

India to Boost Global Trade with 1 Million Tons of Sugar Exports

Global Trade, India, News

January 19, 2025

India is set to enhance its contribution to international trade by approving the export of 1 million metric tons of sugar this season. This strategic move aims to manage domestic surpluses while supporting global market demand, reaffirming India’s position as a key player in the sugar trade.   By granting export permissions, the country provides […]

U.S. Implements Export Controls to Strengthen Global Trade Security and Innovation

Global Trade, News, United States

January 15, 2025

The U.S. Commerce Department has introduced new export controls on advanced biotechnology equipment and related technologies, emphasizing the importance of maintaining secure and responsible global trade. These measures aim to ensure that cutting-edge technologies, including those used in artificial intelligence (AI) and biotechnology, are utilized ethically and contribute positively to global markets.   Key items […]

Taiwan’s Export Growth Signals Strength in Global Trade

Global Trade, News, Taiwan

January 9, 2025

Taiwan’s trade sector ended the year on a high note, with December exports surpassing expectations and showcasing the country’s pivotal role in the global market. Exports rose 9.2% year-on-year to $43.59 billion, driven by robust demand for semiconductors fueled by advancements in artificial intelligence (AI) and steady trade with key international partners.   This strong […]

Critical Minerals Trade Database Launched to Strengthen Global Trade and Clean Energy Goals

Azerbaijan, Global Trade, News

December 18, 2024

A new database focusing on trade in critical minerals has been launched by the Asian Development Bank and the World Trade Organization Secretariat, marking a significant milestone in global trade and sustainability efforts. This collaborative initiative is set to enhance transparency, promote trade efficiency, and support the clean energy transition by providing comprehensive insights into […]

Global Trade Drives Food Security and Nutrition Progress, Highlights WTO Symposium

Global Trade, News, Switzerland

December 9, 2024

Global trade continues to play a transformative role in enhancing food security and promoting better nutrition worldwide, emphasized Deputy Director-General Jean-Marie Paugam at the WTO’s Annual Agriculture Symposium on December 9. Speaking on behalf of Director-General Ngozi Okonjo-Iweala, DDG Paugam highlighted how international trade fosters innovation, diversity, and resilience in food systems, driving positive global […]

WTO Director-General Ngozi Okonjo-Iweala Reappointed for Second Term, Strengthening Global Trade Leadership

Global Trade, News, Switzerland

November 29, 2024

The World Trade Organization (WTO) General Council has reappointed Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on September 1, 2025. This decision underscores her exceptional leadership and significant contributions to advancing the global trade agenda.   Throughout her first term, Dr. Okonjo-Iweala played a pivotal role in guiding the […]

WTO Cautions Against Global Trade Splitting Into Allied Blocs

Global Trade, News

October 18, 2024

Trade Realignment Could Elevate Costs, Risks, and Geopolitical Tensions, Says WTO Annual Report   As geopolitical pressures reshape international alliances, the World Trade Organization (WTO) warns that countries are increasingly favoring trade with allied nations over more efficient exporters. This shift is raising concerns about the future of a global economy founded on open and […]

Colombian Avocado Exporter Exceeds Expectations with 20% Growth Projection

Colombia, Global Trade, News

July 17, 2024

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos Londoño, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry.   […]

Korean Shipbuilders Poised to Benefit Amidst US-China Trade Tensions

China, Global Trade, News, United States

March 17, 2024

Industry analysts suggest that Korean shipbuilders are set to capitalize on the latest developments in the ongoing strategic competition between the United States and China, presenting an opportunity for increased market share on a global scale.   Following a positive response from the Joe Biden administration to a petition filed by five U.S. unions urging […]

Page 1 of 22