Archive for the ‘Global Trade’ Category

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 […]

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 […]

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 […]

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 […]

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, 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 […]

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 […]

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 […]

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.   […]

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 […]

Global Trade, News

March 14, 2024

Representatives from various countries participating in the joint initiative on e-commerce at the WTO have reached an important milestone in negotiations, as indicated by the recent progress made during the second round of talks held from 11 to 14 March.   Jeremy Green, Deputy Permanent Representative to the WTO, speaking on behalf of Ambassador James […]

China, Global Trade, News

March 7, 2024

China kicks off the year 2024 on a high note as it reports a remarkable 7.1% increase in exports for the first two months, surpassing expectations and fueling optimistic forecasts despite lingering challenges in the global economy.   The surge in exports, reaching US$528 billion, has outpaced predictions, signaling resilience in China’s trade sector amidst […]

Global Trade, News, United States

February 15, 2024

In a promising development, U.S. import prices have experienced a notable increase in January, reflecting positive momentum in the economy. The surge, driven primarily by higher costs for petroleum and various goods, suggests resilience in the market despite challenges.   Recent data released by the Labor Department’s Bureau of Labor Statistics reveals that import prices […]

Global Trade, News

February 6, 2024

The World Trade Organization (WTO) recently convened to discuss ongoing initiatives aimed at promoting trade and development worldwide. The upcoming Aid for Trade Global Review, scheduled for June 26 to 28, will focus on integrating trade into development strategies under the theme of “Mainstreaming Trade”.   The biennial Global Review serves as a critical platform […]