Archive for the ‘International Trade’ Category

International Trade, News, South Korea

January 19, 2025

In response to potential changes in global trade dynamics, South Korea is making strategic moves to bolster its export sector and ensure the stability of its supply chains. The government has announced a significant increase in financing support for exporters, allocating a record 360 trillion won ($247.74 billion) in policy financing through state-run banks and […]

Germany, International Trade, News

January 15, 2025

Germany continues to bolster its support for sustainable trade by contributing EUR 600,000 (approximately CHF 560,000) to the Standards and Trade Development Facility (STDF). This contribution is part of a multi-year agreement aimed at enhancing the ability of developing economies and least-developed countries (LDCs) to meet international food safety, animal, and plant health standards. Through […]

Africa, International Trade, News

December 17, 2024

Efforts to boost trade and connectivity with African nations are gaining momentum, focusing on fostering mutually beneficial agreements and enhancing infrastructure links across the region. Recent discussions among key economic leaders have emphasized the importance of balanced trade agreements and regional collaboration to support economic growth.   New trade initiatives aim to create equitable agreements […]

International Trade, News, Vietnam

December 13, 2024

Global merchandise trade saw continued growth in the third quarter of 2024, with volumes rising by 1.1% from the previous quarter and 3.3% year-on-year, marking the fourth consecutive quarter of positive expansion. This growth demonstrates the resilience of global trade, even amid uncertainties. In dollar terms, the value of merchandise trade increased by 4.3% year-on-year, […]

International Trade, News, Taiwan

December 9, 2024

Taiwan’s export performance in November demonstrated the resilience and innovation of its trade-driven economy, with exports climbing 9.7% year-on-year to $41.09 billion, surpassing market expectations. This marks the 13th consecutive month of growth, underscoring Taiwan’s pivotal role in global trade.   Key contributors to this success included the flourishing artificial intelligence (AI) sector and a […]

In a significant development for international trade, the Philippines has garnered approximately $5 billion in investment pledges from German and American companies this week. These commitments, spanning diverse sectors such as healthcare and energy, signal a substantial step forward for the country as it vies for foreign capital in the global market.   During President […]

China, Europe, International Trade, News

December 5, 2024

In a bid to reform global trade rules within the World Trade Organization (WTO), the European Union’s trade chief, Valdis Dombrovskis, has emphasized the critical need for China to engage constructively in discussions. Dombrovskis warned that without China’s involvement, other nations may implement policies that could disadvantage China.   Ministers from the WTO’s 164 members […]

International Trade, News, Switzerland

December 5, 2024

Members of the World Trade Organization gathered to reflect on their substantial progress in promoting trade and environmental sustainability, looking ahead to the 14th Ministerial Conference in 2026. The meeting marked a key moment as the Philippines became the 78th co-sponsor of the Trade and Environmental Sustainability Structured Discussions initiative, strengthening the global commitment to […]

China, International Trade, News

December 3, 2024

In an impressive display of growth, China’s automobile exports experienced a substantial increase of 47.4% year-on-year in January of this year, according to industry data released by the China Association of Automobile Manufacturers.   During the period, a total of 443,000 vehicles were exported, showcasing China’s robust performance in the global automotive market. Among these […]

Canada, International Trade, News, Taiwan

November 29, 2024

In a significant move towards enhancing economic collaboration, Taiwan and Canada formally sealed a bilateral investment deal on Friday. This accord not only reinforces the Taiwanese government’s commitment to fostering business partnerships with like-minded democratic allies but also paves the way for potential inclusion in a major pan-Pacific trade pact.   Taiwan, seeking increased diplomatic […]

Germany, International Trade, News

November 28, 2024

Germany is taking a significant step to enhance its semiconductor industry and strengthen its role in global trade. The government has announced plans to allocate billions of euros in subsidies to support advanced chip production, a move designed to boost technological innovation and reinforce Europe’s position in the global semiconductor market.   The initiative aligns […]

International Trade, News

November 27, 2024

In a recent survey by the Ifo economic institute, a subtle yet positive shift has been observed in the sentiment among German exporters as of November. Despite the overall cautious outlook, a select few sectors are showing signs of optimism regarding export growth.   The Ifo’s export expectations indicator, a key measure of the mood […]

International Trade, News, Switzerland

November 25, 2024

The World Trade Organization (WTO), during its recent meeting in Switzerland, unveiled its Global Value Chains (GVCs) Sectoral Profiles, offering valuable insights into the interdependence of economies and industries within global manufacturing supply chains. These profiles, supported by value-added indicators from over 70 economies, aim to inform businesses and policymakers about the dynamics of global […]

India, International Trade, News

November 21, 2024

India is rapidly emerging as a key player in the global solar export market, showcasing its growing manufacturing capabilities and strengthening its position in renewable energy trade. As demand for clean energy solutions increases worldwide, India’s solar module exports are on the rise, offering exciting opportunities for growth in both domestic and international markets.   […]

International Trade, News, Poland

November 18, 2024

Poland has announced a significant step toward enhancing its industrial capabilities by signing a letter of intent with key domestic companies to manufacture essential materials for ammunition production. The initiative aims to boost local expertise and reduce reliance on imported components, positioning Poland as a key player in the defense manufacturing sector.   “This is […]

India, International Trade, News, Nigeria

November 17, 2024

Nigeria and India have strengthened their economic and strategic partnership, focusing on maritime security, intelligence collaboration, and economic development. The announcement followed Indian Prime Minister Narendra Modi’s landmark visit to Nigeria, marking the first such visit by an Indian premier in 17 years, at the invitation of President Bola Tinubu.   During their discussions at […]